Thread by @gas_biz

Here it is folks -

The first ever GasBiz guarantee

If you read 1 thing on Twitter today let it be this, it's a game changer.

How'd I get rich? How'd I get into fuel distribution, how'd I build a 7 figure rental income portfolio.

With NO money down?

At a High level:

Find a gas station where you buy the biz & property. The the biz has to be worth at least 20% of the purchase price.

Ex: $1.5MM purchase price, biz value needs to be $300k min.

After you sell the biz, the rent you collect has to cover the note plus a profit

Ready for the details??

I put it under contract with a long due diligence period. 120 days preferred

First 30 days $10k refundable EM -

Seller has 5 days to verify sales

Find a tenant to sell the biz to

If I don’t have a buyer I go to the next step

Days 30-60 are BIG!!

Put up $10k more refundable EM
Put deal under contract with the biz buyer - save time and have the lease ready!
Get $25-50K EM non refundable after 10 days from the biz buyer

If I don’t have a buyer by the end of day 60 I'm out

Days 60-120

Send the deal to the bank for underwriting I’ve got my buyer!

Apply for license and permits

Complete due diligence

The closing -

The entire deal is subject to financing and satisfactory due diligence

I close the deal for the biz first, subject to me closing on the property

The money’s in escrow, the attorney uses the funds from the biz as my down payment

I now own the property - collecting rent - no down payment - took the depreciation and on to the next one.

Meanwhile everyone's scratching their head??

"He came in, bought the property, put no money in it, used my money for the down payment, HTF does he do it?"

Gas man magic

This is EZ if you know what you're doing. Be VERY careful if you no nothing about this biz or you'll get smoked. I guarantee it. Guys like me will know it, you'll lose the deal, we will get it and you'll be out. I PROMISE