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Updated over 5 years ago on . Most recent reply

User Stats

10
Posts
25
Votes
Mario Ortiz
  • Friendswood, TX
25
Votes |
10
Posts

How I started with homes and ended making $8 million

Mario Ortiz
  • Friendswood, TX
Posted
Hey there everyone. I wanted to share my story because it seems that this business, if done consistently, can be very lucrative. It has some room for error and you don’t need to be a genius to do it (as I have proved). Although I started in 2003 investing in houses, my story really begins in 2011, when I bought a 90 unit apartment complex, added value by improving the financials, then sold it 18 months later for $1MM profit. I then bought a 180 unit apartment complex in Fort Worth 26 months ago, and am currently under contract to sell for a $7MM profit!!! The formula is easy. Find something that you can add value to, carefully plan your approach, then execute. Hope this helps someone to get some motivation to get into this great business.

Most Popular Reply

User Stats

14
Posts
5
Votes
Arch D.
  • Investor
  • Washington, DC
5
Votes |
14
Posts
Arch D.
  • Investor
  • Washington, DC
Replied

thanks Mario! I bought a 4 unit in dc for 266 in 2013 now I'm selling it for 750 I'm doing a 1031 to buy a bigger property. I hope to get out the game soon!

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