Key facts
- Lawrence Guerguis, 24, owns over 30 investment properties.
- He began investing in real estate at age 21 while in college.
- Guerguis sold his car for $16,000 to fund his first property purchase.
- His first property was acquired in Illinois for $15,000 using a DSCR loan.
- He managed his properties directly for 1.5 years before creating a property management group.
Lawrence Guerguis, now 24, began his real estate investment journey at 21 while still a college student. Initially planning a career in investment banking, a conversation with an investment banker who lamented his lack of time to enjoy his wealth prompted Guerguis to switch his focus to real estate, a field he had always been passionate about. He sold his car for $16,000 to finance his first property purchase in Illinois, a move that required a non-conventional DSCR loan due to his lack of W-2 income. The property's low cost allowed his rent to easily cover the mortgage, and he successfully found a Section 8 tenant. Following his college graduation in May 2024, Guerguis relocated to Cleveland, Ohio, where he personally managed and renovated properties for the first year and a half. This hands-on experience allowed him to gain expertise in property maintenance and management. He has since established his own property management group, enabling him to transition to a more passive landlord role while continuing to oversee his portfolio of over 30 homes. He has since returned to California.