Michael Bash author of Million Dollar Miracle: How to Make a Million Dollars in One Day and Never Have To Work Again gives you his formula of how to purchase and rezone land to make a large profit and to repeat the process. With over fifty years of experience, Michael Bash offers his hard-earned advice and experience on how to apply his rezoning principles. Through humor and stories, you’ll learn how Michael made himself a million, but how you can do the same!
What’s your backstory and how did you come up with the idea?
I was born and raised in Jerusalem. From a young age I was interested in religion and liked the story of how Paul/Saul took a city and expanded it. I’ve also always been interested in electronics and had an uncle in New Jersey who could help me. I came to the U.S., and after finishing school got a job in electronics. There I helped to reprocess an operational instrument that created 1 unit to 24 units. It was these two situations that stand out in my mind where I saw that I could take something and improve upon it thus increasing its production, productivity and how it helped others.
Describe the process of launching the business.
Rezoning has a few main steps. First, research a piece of land to purchase for rezoning by looking into the kind of area it is, type of schools in the area, neighboring businesses, etc. Next step is to attend city meetings and to meet people such as councilmen, the mayor, the neighbors. If you can meet any of these people before hand and help them reach their goals, they may be more inclined to help you. For example, I bought a 20-acre property for cheap due to an incinerator nearby. By building a high wall and beautifying the property, I was able to hide what most people would find ugly. I then negotiated with the neighbors for their approval by using 1 acre of the property to increase their property.
Since launch, what has worked to attract and retain customers? (or from other investors/companies who support you)
It is my ability to connect with others especially with women that has helped me in business and life. I’m a friendly person who’s always liked people. I grew up that way, not something that was taught to me. I also love charity work and like helping others who are less fortunate.
How are you doing today and what does the future look like?
At 90 years old, I am healthy and strong! I spoke with a medium once who told me I will until 102 years old! I’d like to write another book in the next couple of years. I’m also looking to work with a younger person who I can teach and can help me do the running around for the rezoning work.
Through starting the business, have you learned anything particularly helpful or advantageous?
I’ve learned quite a bit in all my decades of rezoning property. Most people are looking in the wrong places when looking for property to buy or develop. Instead look to areas that are vacant and not well developed.
What platform/tools do you use for your business?
I don’t use any platforms/tools for my business. I rely on my people skills, my ability to recognize and seize opportunity when I find it. My ability to connect with others and genuine willingness to help others are my tools and platform.
What have been the most influential books, podcasts, or other resources?
I have loved reading since a young age; Freud, Russian novels come to mind. In terms of his business, I don’t believe you need books. Early on I found a great real estate person who was older than me. He taught me a lot about the real estate business. I also bought property from him so it was a win-win situation.
Advice for other entrepreneurs who want to get started or are just starting out?
Find someone who works in real estate. If you don’t know anyone, call a few people and get to know them to see which one would be good fit. Make it a win-win situation where you can learn from them and you can also help them too. Also, don’t follow standard ways of doing things.
Bio for Michael Bash
After borrowing $30,000 from a friend of his father to finance his first real estate deal, Bash officially became a millionaire. Since then, he has been involved with major planning and zoning projects and building and developing a number of shopping centers, hundreds of homes, office buildings, water and sewer systems, and nearly 3,000 apartment units and condos throughout New York State. He helped to fund Danny Thomas’s annual telethon for St. Jude’s Hospital which raises $10-20 million per year. He also participated in building the Laniado Hospital in Netanya, Israel, and is one of the founders and contributors to the Jerusalem Great Synagogue. In addition, Bash has contributed $1 million to Ben Gurian University in Israel.
For more information go to: https://www.amazon.com/Million-Dollar-Miracle-Dollars-Never-ebook/dp/B097KGFDZ8