How To Get Rich In Real Estate Without Buying A Ton Of Property
Getty Images, Design by Forbes
Patrick Zalupski took a big hit investing in condos just before the Great Recession. So he tried a new tactic designed to minimize his risk and weather economic downturns and now he s a billionaire.
Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and 3.5 baths, featuring quartz countertops, a tile roof and double vanities in the master bathroom. “It’s truly all the parts and pieces and components that you put in a house that make it appealing,” says Patrick Zalupski, founder and CEO of Dream Finders Homes, which owns the lots. An interested buyer could put money down tomorrow and move in as early as September.
Dream Finders IPO Raises the Question: Will Other Builders Follow Suit? builderonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from builderonline.com Daily Mail and Mail on Sunday newspapers.
Image source: Getty Images.
Alphabet
Tech giant Alphabet isn t a household name, but it s the parent company of Google a brand that s known worldwide. It owns some of the planet s most durable and widely used digital assets, including Google Search, YouTube, Gmail, the Android operating system, and Google Maps. It now has seven products with more than 1 billion users each.
Over the last 12 months, Alphabet has generated $197 billion in revenue, $50 billion in operating income, and $51 billion in free cash flow. In the first quarter, sales grew by 34% year over year to $55.3 billion, which is an astounding level of growth considering the business s massive scale. That top-line growth came from many areas, but two major drivers were YouTube, which saw ad revenue jump 50% to $6 billion, and Google Cloud, which grew sales 45.7% to $4 billion.
Why Fortegra and four other First Coast companies are looking to go public now bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.