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.
In 2021, I also started Gung-Ho Real Estate to oversee the buying, selling, leasing, property management, development, and construction of my commercial and multi-family residential properties.
In 2022, I started Gung-Ho Storage to bring much needed self-storage to the rapidly growing Downtown Reno area. The first self-storage facility is “MILL @ PARK” (560 Mill St) and more storage locations will be opening soon. All the storage facilities are climate-controlled, and feature state-of-the-art construction, secure 24/7 access, and video surveillance.
Today, 50 years after I started investing in real estate, I am more passionate about real estate than ever.