$165k in my first calendar year and counting...
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.
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Congrats @Wade Stahle
You said you built them right which equated to more equity than expected. Can you elaborate? Do you have pictures or plans? I am very interested in the development side of real estate. I have an architecture background (soon to be licensed California architect), I am interested in what is phrased as Architect as a Developer. I wanted to understand your process further. Were these built in Alaska? How long from survey to certificate of occupancy did it take?