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Most of herinvestmentsfocus on real-world, tangible products that can provide value to a wide range of people.
That can be often the case with early-stage startups and small businesses.
However, this doesnt mean Corcoran has actually lost money on Shark Tank.
One of Corcorans most successful Shark Tank investments was The Comfy, a wearable blanket.
Another one of Corcorans notable investments is Grace and Lace, a company that started by creating hand-knitted socks.
Believing in its potential, she invested $175,000 in exchange for a 10% stake.
Grace and Lace has since increased its revenue to more than $50 million annually.
She looks forcapable, hardworking individualswho can hit the finish line with a business.
The Corcoran Report helped establish her authority in the industry and attracted high-end clients.
In 2001, Corcoran sold her company for a reported $66 million.
This was the capital that she later used to pursue other ventures, including her role on Shark Tank.
Corcorans 2 Rules of Real Estate
Corcoran follows two key rules when investing in real estate.
Her first rule is to buy property with a 20% down payment.
She believes this approach keeps her monthly mortgage payments at a manageable level.
Her second rule is to aim to break even in the first year of owning the property.
Breaking even early on is a positive sign that the property will become profitable in the following years.
Instead, she suggests allowing the investment to grow in value and mature before tapping into the profits.
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