Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

23 year old playing real life Monopoly

16 Jan 2024 · 1 min

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A 23-year-old real estate investor buys multifamily properties in Moses Lake, Washington, then acquires adjacent buildings to control entire neighborhoods. His strategy: pick a market, buy your first property, then systematically buy neighbors until you own the block.

Chapters

We like playing Monopoly. We love the board game and we like playing in real life. If you find a market where you can get one opportunity, which is what we did, we found Moses Lake, Washington. We thought if it's worth buying one, it's worth buying everything. So every apartment building, we're buying them. If it's a 6-plex, a 6-plex will never change our universe at this point in time. However, it's another 6-plex that we could buy next to our other 6-plex. It becomes a 12 and we can start doing this Monopoly board game. And so for folks that are getting started, pick a market, get an asset, and then start buying up that neighborhood. Because if you own all the neighboring real estate, you can guarantee your property will be a good area.