In the cutthroat world of real estate, where big deals and big players dominate, one man has emerged as a game-changer, challenging conventions and rewriting the rules of the game. Meet Boris Sanchez, the maverick entrepreneur and real estate mogul who has built a flourishing commercial real estate empire from the ground up.
Armed with limited resources but fueled by boundless ambition, Boris has defied the odds, revolutionizing the industry with his unconventional thinking and bootstrapping strategies. So let’s delve into the extraordinary journey of Boris Sanchez and see how he is inspiring a new generation of entrepreneurs to make the most of their available resources.
From Humble Beginnings to Unparalleled Success
Born in Bogota, Colombia, Boris Sanchez’s path to success was anything but ordinary. Moving to the United States as a young boy, Boris witnessed his family’s fortunes take a drastic turn. From having substantial wealth in Colombia, they found themselves struggling to make ends meet in a foreign land.
Watching his mother swap her collar from white to blue and transition from a high-profile attorney to a maid, Boris developed an unyielding determination to break free from the shackles of financial constraints and carve his own path to success. Between 2001 and 2008, he dabbled in a multitude of ventures, from running a car dealership to managing an eBay store and even importing pool sticks from the Philippines.
However, it was his foray into commercial real estate in 2011 that proved to be the defining moment of his career. Armed with a burning desire to succeed and armed with limited resources, Boris purchased an eight-unit apartment complex and ingeniously flipped it using hard money loans, a strategy typically reserved for residential properties.
Over a decade later, Boris now stands at the helm of a commercial real estate company, Sanmore Investments, worth an estimated $70 million.
An Atypical Investor with a Creative Edge
Boris Sanchez is far from your typical investor. He has eschewed the traditional path of mentorship, instead relying on his own tenacity and a learn-as-you-go approach. While he acknowledges the value of training and mentorship for others, Boris’s unique journey has afforded him a distinct perspective on investing—one that embraces creativity and challenges the status quo.
In his own words, “I’m not merely repeating what everyone else says. I’m confident that my approach—thinking and investing differently and creatively—is the right one for me, and it could be the right one for others as well. While I wouldn’t encourage someone to dive in without training or mentorship, my own journey through that method has taught me invaluable lessons.”
Boris Sanchez’s contrarian approach to investing is best exemplified by his KSSSS method—Keep Some, Sell Some, Scale. Unlike the popular BRRRR method (Buy, Renovate, Rent, Refinance, Repeat), Boris recognizes the importance of timing and selling for growth.
“The KSSSS method is a balanced strategy encourages progressive growth and ensures a dynamic real estate portfolio,” he says. “It encourages selling some properties—like selling a four-unit complex to afford an eight-unit one—while also retaining others for their depreciation benefits.”
This strategy encourages progressive growth rather than simply accumulating properties one by one. And thanks to this strategy, Boris was able to purchase a 46-unit apartment complex without having to secure any additional capital.
“I used the renting profits from another property and bought this huge complex. After eight months, I was able to cash out tax-free with $800,000, which allowed me to further grow my investments. Since then, I’ve replicated this success multiple times,” he says, with his sights set on the future.
Innovation in Action and a Vision for Expansion
Boris Sanchez’s groundbreaking ideas are not confined to his investment strategies alone. Breaking free from industry norms, Boris’s company has taken bold steps to democratize commercial real estate investing and is bringing it to the masses.
This innovative approach effectively bundles the property and loan together, simplifying the transaction process and removing barriers to entry. As Boris explains, “Through a pioneering partnership with a lender, we offer up to 100% financing for both property purchases and renovations, presenting a game-changing package to potential investors.”
With its transformative approach gaining traction in Texas, Boris Sanchez’s company has set its sights on expanding into new markets. The company plans to extend its reach to Florida, Georgia, and beyond, making the power of bootstrapping accessible to aspiring entrepreneurs across the country.
On top of that, Boris’s personal investments in Florida and London, England, demonstrate his unwavering curiosity and commitment to exploring promising commercial real estate markets.
Boris Sanchez’s story is one of resilience, innovation, and the extraordinary ability to turn limited resources into monumental success. Through his bootstrapping brilliance, he has emerged as a beacon of inspiration for entrepreneurs navigating the challenging world of real estate.
His unconventional thinking and commitment to creativity have redefined the industry and shown that with the right mindset and a dash of audacity, anyone can achieve greatness. Or, in his words, “There is no one-size-fits-all recipe for success, but it doesn’t mind that you can’t achieve it. The journey will try and test you. Life will throw lemons your way at every step. Still, as long as you have your mind set on the goal and know where you are going, you’ll get there.”
