How did we make our first million? There is no rule that you have to make your first million in a certain amount of time or by a specific age. We started in 2008. We made our first million with the purchase of 56 units. Listen in to hear what gave us the confidence to make our first acquisition of that size.
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We talked about our very first million recently on our 56-unit story part two when we went into the numbers, "The Chedda," as Flip put it. That is where we made our first million.
We built Freedom Real Estate Group which eventually turned into six companies and that essentially allowed us the power and the vertical integration of those companies to be able to purchase the 56-unit apartments. The only reason we have the confidence to do that is because of everything we built up to them. The apartments themselves were the entity or the product that produced the first million dollars, which might end up being multiple millions. We're waiting to do the refinance to really find out what the numbers turn out to be. Chedda! But it's our first nonetheless, that will actually reach that mark.
But now that we are investing in syndications and more apartments we thought, "Huh, I wonder how close to number two and number three are going to actually be in, what that's really going to look like." So you guys are here with us in 2022 as we do this 365-day series podcast so you guys are going to learn how it all happened. Share with us in the comments of how you made your first million or what you plan to do to make it. We’d love to hear from you
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