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The video features a speaker who describes a severe flood that caused extensive damage to his 32-unit apartment complex in St. Louis. The flood was caused by historic rainfall of over nine inches in 24 hours, which led to a state of emergency being declared by local officials. Despite the flood and the loss of over $150,000, the property is now worth over $2 million and brings in over $4,000 a month in cash flow. The speaker used the Burrs method to purchase the property without using any of his own money, and he plans to discuss how he was able to buy the property, maintain it since he bought it, overcome the disaster caused by the flood, and how it is still a successful investment.
The speaker had to pay $150,000 out of pocket to repair the property, and the insurance only covered $50,000. However, the property is now worth over $2 million, and the speaker plans to make millions of dollars on it over the next 10 to 20 years. The speaker has used the Burrs method to buy six different apartment complexes and over 150 single-family rental properties without using any of his own money. He plans to buy a billion dollars worth of real estate without using any of his own money and is willing to share his experiences with others who are interested in real estate investing.
The video features a speaker who describes a severe flood that caused extensive damage to his 32-uni