One of Sam Beckford’s favorite success stories is a client who didn’t buy property until she was in her late 50s.
The client owned a small dance studio that operated out of a building she rented. Beckford advised her to buy commercial property and stop paying rent. So, at around age 57-58, when most people are thinking about retiring, she paid $2.4 million for a 10,000-square foot building.
After purchasing, she made a couple small improvements—nothing major. Two years later, the building appraised out at more than $4 million.