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#299 - Artem Tepler - Co-Founder @ SCHON | TEPLER Partners - Developing Real Estate and Living the American Dream

The Fort

CHAPTER

How I Lost Half a Million Dollars Building Custom Homes

I was taking zero money down loans when I was 18 to buy rental houses. The math kind of clicked, the first thought I had was like, man, everybody should be doing this. So we bought it like one custom home. We bought for 800,000. I projected a $26 million exit price. But between how long it took us to build it, how long it was on the market for six months, it was just our investors, the interest made money and we didn't make any money. And then another, the other two houses were smaller. When you're a GC people like, what do you build per square foot? Someone kind of told you what you build and

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