In 1992 we flipped our first house and made $9,000. As 23 year old newlyweds with multiple college loans and two credit cards constantly near their limit, it seemed like all of the money in the world.
It is also a learned skill that we still use today.
Understanding how to identify opportunities to buy and hold, buy and flip, buy and divide and/or buy and develop, is the ultimate skill that a Realtor can learn. Since our entrance into the real estate market in the early ’90s, we have bought and sold or bought and hold (on our own or in partnerships) commercial offices, large (176 units) and small (4 units) apartment buildings, single family houses (just shy of 100) and several homes with extra lots that allowed us to find builders to construct houses and represent them.
Why does this matter?
It matters because we can offer pointed advice to our agents about building a portfolio or building a base of investor clients that seek advice. It matters because we can offer insight into making money on assets that are within reach of all of us. It matters because we can offer guidance on how to borrow money and/or establish credit lines.
Some of the assets with the best stories are below:
- 5030 Sadler Place // Innsbrook Office Park
- Ashley Terrace Apartments // Henrico
- 165 Salt House Road // Corolla NC
- Single Family Portfolio // Chesterfield VA