30 Jan 2013
The Dirty 30: Success through rehabbing
Well here it is – our final “Dirty 30” young investor! Doug Medvetz of Round Table Partners did not want to wait for his job to provide him with the success he wanted. Through the help of a local investing mentor, he and his company are now staking out their own success through rehabbing property.
Name: Doug Medvetz
Current Age: 31
Location: Greater Boston, Massachusetts
Started investing at: 30, a 2-family house in Hyde Park, MA wholesaled to another investor
How much real estate do you currently own?
My company and I are currently active in the rehabbing side of our business. We are generating capital to purchase apartment buildings with 6 units or more in Greater Boston and Western Massachusetts.
How did you get started in property investing? What inspired you to put your money in real estate at such a young age?
The inspiration was to have more time to spend with my family. I have been interested in real estate investing since my college years and I decided to get started because my career was not taking me where I wanted to be.
Your generation seems to be redefining what it means to be successful. What does success look like to you?
Success to me is NOT working a 9-to-5 for someone else. It is also living life on my terms and not trading my time for money in the corporate world.
What’s your best advice for someone wanting to start investing early? Do you have any investing mentors?
I have been mentored by the FortuneBuilders group, by Marina Hauser in particular.
My best advice is to educate yourself and to not be afraid to put yourself out there. Go out and network; there are a ton of people out there who are willing to share their experiences.
What are your future investing goals? Can you share a little bit about your plans?
My future goals are twofold:
- Raise enough capital through rehabbing in order to purchase buy-and-hold properties and support my family and business; and
- Take some of our capital and start a lending company for beginning investors to help them get started.
Thanks Doug for wrapping up “The Dirty 30”. A personal thank-you also to every, single one of our dirty 30 investors who openly shared their investing journeys so far so that you, a fellow investor, can elevate your results. We will also like to take this opportunity to thank our readers for supporting us in our first month of launch. Hopefully you’ve had more than a good dose of inspiration from these young guns!
Next month, directly as a result of your feedback, we are sitting down the new, beginner investor and getting all the inside info on their very first property transaction. It could get ugly. Happy investing!