From $438K Debt to $100M+ - Mark Rolton #62

Mark Rolton says he was 431,000 dollars in debt at 22 and eleven days from bankruptcy. His first property deal made him 42,000 in a day and a half. Years later he bought a manufactured home park for 525,000 cash after a competitor's 4.9 million contract fell over, and says it was already making 200,000 a year.

Mark Rolton left school in year 10 and trained as a carpenter, then a builder, before moving into property options and development. He now buys manufactured home parks.

What you will learn:

- What eleven days from bankruptcy actually looks like, and the deal that got him out of it

- How he taught himself town plans standing at a council counter, and what that let him see that nobody else could

- The week he engineered with Keith Cunningham, and the sentence that made him rebuild his entire model

- Why he will not touch office space or retail, and where he says those valuations have already gone

- The park deal in full: the tip off, the seller's problem, and the number he put on the table

Chapters

00:00 The furnace, and how you get back off the canvas

04:47 When it hits you personally rather than in business

12:37 Eleven days from bankruptcy, and reaching for property

14:10 Forty two thousand dollars in a day and a half

15:43 Woodridge, and a house where every argument was about money

17:17 Four hundred and thirty one thousand in debt at 22

20:27 Reading town plans across the council counter

25:12 Cutting a circle, and reaching into a new one

26:48 Turning up at breakfast in Hawaii to meet Keith Cunningham

29:54 You are just a monkey who is busier than the rest

31:27 Why he moved into manufactured home parks

33:00 Why he would run a mile from office and retail

36:12 His read on the market, and he does not soften it

39:22 The medical centre he bought for 825,000 cash

44:01 The park deal, and the number he put on the table

50:17 The Porsche, and the salesman who would not talk to him

56:31 What he tells anyone short of cash right now

58:06 The divorce, and the part he is not proud of

Mark Rolton buys assets that pay him whether he turns up or not. Property should work the same way.

Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.

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General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.