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Real-Estate Investors With $19 Million Portfolio Share How to Scale
Kenny Simpson and Krystle Moore bought their first house in 2012 due to the seller’s error. Over the past decade, they’ve grown their real estate portfolio to 47 units worth $19 million. The couple estimated that they net almost $400,000 annually in cash flow from their investments. When Kenny Simpson and Krystle Moore got married in March 2014, they were under a time crunch to take advantage of a tax benefit on the house they had accidentally bought, two years prior, due to a fax error — and were currently in the process of selling. “Everybody thinks it’s the most romantic story ever,” Moore joked to Insider. In the US,…
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Inside LeBron James’s Sizable Real Estate Portfolio
LeBron James has built quite the legacy for himself both on and off the court. The all-star athlete, who famously hails from Akron, Ohio, has invested quite a bit in his home state since he’s risen through the ranks of the NBA. In fact, though he’s relocated several times while playing for different teams, he’s always found a way to give back. “Akron, Ohio, is my home. I will always be here,” James said at the opening of his I Promise School in 2018. “I’m still working out at my old high school.” The NBA star, who currently plays for the Los Angeles Lakers, has also made his mark in…
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Real Estate Investor Financial Independence Building a Portfolio
After graduating from UMass Amherst in 2011, Dana Bull landed a job at an architecture firm in Salem, Massachusetts and started apartment hunting. “I was looking on Zillow for rentals, but then I clicked on the ‘buy’ tab,” she told Insider. “I ended up getting sucked into the Zillow tunnel.” Bull and her boyfriend at the time, now husband, rented a one-bedroom in Salem, but Bull continued perusing home listings. She realized that when combining incomes with her boyfriend, Andrew, the two could buy a place and their monthly mortgage payment would be similar to, or potentially less than, what they were paying in rent. “It was the recession —…
