2008 Rental Property Accumulation

A story about how Suleman Ali's father successfully invested in Florida real estate during the 2008 financial crisis.

"I sold my first startup and made a million dollars in 2008. My father lived in Florida and said 'all the real estate prices here are at 25 cents on the dollar, I'm gonna go buy it.'

I sent him that million dollars and he bought a house for $150,000. Two weeks later that same house was selling for $75,000. If it was me, I would have freaked out and said 'I don't know what I'm doing, I'm gonna stop, this is not working.'

Instead, he bought another house for $75,000 and just kept buying houses for the next 2 years all the way on the way down as the real estate prices bottomed out. He kept going down and then even on the way back up as they were increasing, he would just keep buying them.

As a result, we as a family now own something like 100 single family rentals in Florida."