“Residential housing is a tough business.” These were the words told to me by two extremely wealthy real estate moguls from New York — right after I bought my first rental property. #-ad_banner-#I couldn’t believe what I was hearing. I knew several people who were making a killing buying, renting and flipping houses. And I figured I would get my piece of the pie. I was guiding these wealthy New Yorkers and a handful of other successful businessmen down a 100-mile stretch of whitewater — through the largest wilderness area in the lower 48. Six days in the middle of… Read More
“Residential housing is a tough business.” These were the words told to me by two extremely wealthy real estate moguls from New York — right after I bought my first rental property. #-ad_banner-#I couldn’t believe what I was hearing. I knew several people who were making a killing buying, renting and flipping houses. And I figured I would get my piece of the pie. I was guiding these wealthy New Yorkers and a handful of other successful businessmen down a 100-mile stretch of whitewater — through the largest wilderness area in the lower 48. Six days in the middle of nowhere with no connection to the outside world is a great way to get to know and pick the brains of some of America’s elite. I took self-made millionaires, CEOs, hedge funders and top executives down the river — my mother even once took Jimmy Carter and George H.W. Bush down. In short, it was a great way to meet interesting people and receive great advice. So one night in camp I was curious as to why these two New Yorkers thought residential housing was such a tough business, especially when it contradicted with pretty much everything I had heard… Read More