My passion for residential real estate investments started early in life.
In my early 20s, I would purchase a single-family home or a condo, live in it for about 24 months, and then sell it, rolling the gains into the next purchase.
I started as an investment advisor in my professional life, so my day job supported my ability to take this path.
Six years into the exercise, I had built up substantial equity.
Could I have kept those initial homes and condos and generated substantial rental income?
Absolutely.
However, I elected to use my gains to increase the size and expense of the following home or condo in a more ideal market, compounding my profits when it came time to sell.
My passion for residential real estate investing burns just as hot today, and it’s why I‘ve personally completed more than 75 different deals to date.
I’ve bought fixer-uppers for a flip.
I’ve purchased multiple condo units in a single development.
I have been a Limited Partner (“LP”) on a few deals and a General Partner (“GP”) on a few others.
Why do I love residential real estate investing?
I’ve only lost money on one single deal, and that was due to a calculation error that I made.
While I’ve learned quite a few lessons, as many considerations figure into real estate investments, one of the most important is timing.
If you’re young, it’s likely that while you have the energy and ambition, you don’t have the financial capital to pursue expensive investments. This shouldn’t stop you.
Are you willing to sacrifice and purchase a fixer-upper that you will live in while you work a day job?
Are you willing to invest in a duplex or a quadplex and act as a landlord, super, contractor, etc.?
Even if you are working a full-time job and don’t have time to get involved, there are still options for LP and GP investments.
I’ve learned a lot over the years, and I’m willing to share my experiences with my clients as they consider the best opportunity for them. I’ve seen how this type of investment can impact a portfolio. I want to talk with you if you are interested but fearful about losing money, or maybe you don’t know where to start.
Let’s go build it.
