HOW A STRUGGLING REAL ESTATE INVESTOR BECAME THE CO-FOUNDER OF THE MOST SUCCESSFUL… STEVEN ROSENBERG
The more I learned the more attracted to the real
estate world I became, mainly because it seemed
to provide the most leverage of time and money
while still allowing me to do what I loved, which
was fly a plane.
I started off doing some wholesale / flipping and
eventually earned up enough capital to buy and
hold. I realized that was a job and not much
leverage except my time, however I had enough
money
to
buy
into
an
apartment
complex
partnership. After holding that for 3 years, myself
and my business partner began to buy single
family homes.
We got to about 20 doors and realized we needed
some management help. After having no luck with
finding a management company that we felt
comfortable with we decided to create our own
company for self-preservation through the eyes of
an investor (our own).
After fixing our problems and actually running our
properties like a business, they started to make a
decent ROI and we resumed purchasing.
We started to attract other investors asking if we
can fix their problems because there’s were similar
to what our issues were and we were willing to
manage their investment homes. That was the birth
of our management company, Empire Industries
Property Management.
That was about 4 years ago, today Empire
Industries manages over 500 single family homes
in the Houston area and we have had tremendous
success with our business. We have a staff of 20
people and have become experts and educators in
our field.