19:33Buying Michael Jordan's $13M Home and Flipping it Into a Michael Jordan Museum
From My First Million · Published Jul 5, 2021 · Watch on YouTube
TL;DR
The video proposes buying Michael Jordan’s unsold $13M house (originally listed at $29M, now on market for a decade) via crowdfunding (e.g., 5,000 people at $2,500 each) or fractional ownership on Rally Road, then converting it into a Michael Jordan museum or experiential attraction.
Key insights
- Michael Jordan’s house is 20 minutes from Chicago O’Hare Airport, one of the busiest airports in the world, giving it a location advantage over Graceland (in Memphis).
- The house has been on the market for ~9–10 years; price has dropped from $29M to ~$13M, making it a potential value buy.
- Graceland (Elvis Presley’s home) generates ~$21M annually from ticket sales alone, with 600k visitors per year at ~$36/ticket.
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