""Early on, as we started things together, I kept questioning why he wanted to do this with me, when all I thought I brought to the table was my ability to split a down payment 50/50,""
""Pieter's repeated response was, 'There's not much better than having fun, making money, and doing it all with your best friend,'""
""The front two units were pretty much ready to go, and one was already rented. The carriage house needed some work, but nothing crazy,""
""When buying an investment property, 'you're really looking at at least 20% down,' explained Louw. 'Even with a $300,000 or $400,000 property, with closing costs, you have to come up with 60 to 80 grand, which is not very scalable.'""
Connor Swofford and Pieter Louw closed their first property together in October 2024 and, nearly a year later, own 24 rental units across nine properties. The friends met in seventh grade and both turn 32 in March. Louw lives and works in Buffalo as a real estate agent with a construction background. Swofford is a startup consultant based in Charleston who contributes business experience. Their first purchase was a three-unit property (a duplex with a carriage house) that needed minor rehab and produced immediate cash flow. They used the BRRRR strategy and hard‑money financing to recycle capital and scale rapidly, investing about $40,000 in the initial rehab.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]