Young Real Estate Entrepreneurs Create $25 Million Portfolio in Four Years through Debt and Deal Structuring: The Story of Cody Davis and Christian Osgood
Two young entrepreneurs, 23-year-old Cody Davis and his business partner Christian Osgood, have made waves in the real estate industry by building a $25 million portfolio from scratch in just four years. With around 180 apartments in Texas and Washington, they have utilized debt strategically to fuel their growth and now boast a monthly revenue of nearly $300,000.
Their success story doesn’t end there. The dynamic duo has also acquired a picturesque resort named Robinhood overlooking the Hood Canal in Washington. This 90-year-old resort spread across 12 acres features 18 charming cottages, a stunning waterfront, and ample space for hosting events. Their goal is to generate $1 million in revenues from the resort by 2025.
On a recent UpFlip’s YouTube podcast, Cody and Christian shared their guiding principle of focusing on the deal structure, securing debt, and mapping out a long-term equity roadmap. They highlighted their use of seller-financing strategy, which involves buyers directly signing mortgages with sellers, bypassing conventional banks. This approach has helped them minimize closing costs, secure flexible debt terms, and build trust with sellers.
Reflecting on their journey, Cody’s foray into real estate began at the age of 19 with just $3,000 in savings, eventually leading to the acquisition of 30 apartments by the age of 21. Christian, on the other hand, transitioned from a traditional 9-5 job to real estate investing, realizing the importance of avoiding cash out of pocket to scale his investments.
Their rapid ascent involved strategic partnerships and innovative deal-making. By leveraging seller financing, Cody and Christian swiftly expanded their portfolio to 90 apartments within a year and added the Robinhood resort to their assets. They emphasized understanding the seller’s business practices to build trust and drive successful transactions.
Despite facing initial challenges like bookkeeping and tenant issues, the duo persevered and launched a property management company to streamline operations across different markets. Their goal remains to help their loved ones retire comfortably while reinvesting profits to enhance their assets and explore new markets.
As they continue to navigate the real estate landscape, Cody and Christian advocate for simplicity in the industry, emphasizing the importance of strong deal structures over complex financial maneuvers. Their Monopoly-inspired approach to locating markets and strategic investments in commercial-residential properties have set them on a path to sustainable growth and long-term success. The young entrepreneurs are a testament to the transformative power of vision, perseverance, and strategic partnerships in the world of real estate.
