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Manage episode 298400984 series 2791868
Building a billion dollar portfolio takes time… a lot of time in fact. Brent Sprenkle is an expert commercial real estate broker with over 20 years of experience working with billion dollar clients. In this episode we dive into the strategies and ideas that build billion dollar portfolios.
1:17 Developing a billion dollar mindset
5:50 The bargain hunter real estate strategy
7:55 The cluster strategy
10:42 Understanding Cap Rates
14:10 Long term thinking to build a large portfolio
17:38 Don’t look at the history of the sales price
22:40 Managing your greed
26:07 Leaving upside in the deal
28:41 Deciding what renovations to pursue
32:40 Run your business like a Honda
35:50 Bouncing back from bad deals
38:10 The #1 Billion dollar personality trait