This project will always be a labor of love for me personally and professionally. I developed a passion for real estate when I purchased my first home right out of college at the ripe old age of 21 in Concord, California. From this humble beginning, I secured enough cash to start a real estate investment company two years later.
While working full-time at a top Marketing company, I began investing in residential real estate in Detroit at the age of 23. Armed with several how-to books, a strong partner, and an inquisitive mind, I made my first two real estate investments in the span of about six months. After numerous hiccups, we finally got the business moving. After another year and a half, I reached a tipping point. I faced a difficult decision: quit my day job and scale up the business, or hire a team of people to handle the day to day operations of the business with my investment partner.
I chose a third option re-train myself to take my business to the next level. To achieve this goal, I elected to go back to CornellUniversity, my undergraduate alma mater, and get an MBA in Real Estate Finance. I wanted to go from buying and selling a handful of $50k – $200k residential properties, to investing in multi-million dollar real estate assets.
After graduating, I began working in Real Estate Investment Banking at a major bank to get a crash course in real estate investing at its highest level. In the span of two years, I worked more hours than I thought humanly possible and analyzed hundreds of real estate investments. Connecting with CEOs and major real estate investors helped me go beyond the numbers and understand the thought process behind real estate investing.
In the midst of an economic downturn and in an effort to round out my skill set, I transferred over to the Distress Assets division. For me, this represented the final phase of training. With a thorough knowledge of real estate analysis, the wisdom of high-level real estate professional, all I needed to understand was sourcing. Working with troubled real estate assets gave me an intimate knowledge of how banks and investors source deals and more importantly an understanding of why real estate investments fail.
Five years of corporate experience later, I am ready to get back on the saddle. I took my first step at 21, my second step at 23, and now I am ready to run.