With real estate investments becoming more and more popular amongst both retirees and millennials, there is a rise in the amount of "Real Estate Gurus" who claim they can teach anyone about investing in real estate, and that it is the best "get rich quick" scheme there is.
Bryan Chavis, author of the Simon & Schuster bestseller "Buy It, Rent It, Profit!" set out to prove that real estate is a great investment by fully documenting his acquisition of Park Plaza Apartments, a $2.6 million dollar multifamily property in St. Petersburg, FL, over a three year period on social media.
In 2019, Tampa/St. Petersburg was considered one of the hottest rental markets in the nation with many investment properties considered to be overpriced. In April 2022, Park Plaza Apartments sold for $4.2 million dollars, providing Chavis and his investors an astounding 62% return on their investment during a global pandemic.