$165k in my first calendar year and counting...

[Wade Stahle]

I've hesitated to post a success story and gone back and forth, but here I am typing.

I am 24 years old from Alaska and this year decided to get serious about real estate investing. I began the year by finally selling my live-in flip that I had lived in for two years. $35,000 tax free from that.

My next plan was to build a duplex to house hack. I did this and then realized how much equity I had in it from building it right. I sold it and made $64,000 including agent fees and and closing costs.

This spurred me on to get my residential endorsement and building licenses. I built another one, the exact same model and made the same amount of money, $65,000ish.

As people know on here once the snowball gets rolling its hard to stop, so I have started building my third and fourth duplex and have plans to purchase a lot sufficient enough in size for a triplex. I plan to have the third one sold by October (I can build from the ground up in 9 weeks.)

The plan is to reinvest all this cash into a large apartment building. I actually hope to build one.

[Wade Stahle]

Hey Gavin,

I funded the first one via a construction loan. 25% down of estimated build costs. After that ive had enough cash to just build on my own with some owner financed land.

I got the plans off ebay for $60 bucks ;)