In 1973, at age 16, I bought my first rental property by purchasing a home for $1,500 down and assuming the loan. I certainly wouldn’t have qualified for a loan – I wasn’t even old enough to legally sign the contract. Fortunately, no one asked my age. I sold that home when I was 21, realized a $30,000 net profit (2,000% return), and purchased an apartment building.
Over the years, I continued buying multi-family residential apartments in California and Nevada.
In 2021, I sold all my California properties and reinvested in Downtown Reno commercial buildings. I also started Gung-Ho Investments and Gung-Ho Management to oversee investing, buying, selling, leasing, property management, development, and construction of commercial, multi-family residential, and self-storage properties.
In 2022, I started Gung-Ho Storage to bring much needed self-storage to the rapidly growing Downtown Reno area. All the storage facilities are climate-controlled, and feature state-of-the-art construction with video surveillance. and secure 24/7 access. The first facility to open was “Mill @ Park” (560 Mill St) and more storage locations – including some with wine storage, wine tasting and dining areas, and cigar humidors with smoking rooms – will be opening soon.
In 2023, I launched Gung-Ho Workspace which is the only co-working space in the Downtown Reno area. People can now work within walking distance of where they live. They can also work with others to create something new that is greater than the sum of its parts. Amenities include social events with food, drinks, and entertainment, inside and outside video surveillance. and secure 24/7 access.
Today, 50 years after I started investing in real estate, I am more passionate about real estate than ever!
