Key facts
- Teagan Trapp, 24, buys and sells US properties from British Columbia.
- He quit his HVAC job in October 2024 to pursue real estate full-time.
- Trapp's first US property purchase was a distressed condo in Atlanta for $70,000.
- He sold the initial property for $130,000 within three weeks.
- Trapp has completed over 30 deals since March 2025.
- He advises against starting this business due to its difficulty and high risk tolerance required.
Teagan Trapp, a 24-year-old from British Columbia, Canada, transitioned from a career in HVAC and refrigeration to real estate investment in the United States. He was inspired to explore US real estate after attending a webinar in March 2024 and spent months researching tax strategies and consulting with professionals.
Trapp quit his HVAC job in October 2024, dedicating himself to finding properties. His initial efforts included a trip to Minnesota in November 2024 for door-knocking, though this was his only in-person property search in the US. He focuses on acquiring properties that most buyers would avoid, such as those with complex ownership issues, liens, or in distressed conditions.
His first acquisition in March 2025 was a pre-foreclosure condo outside Atlanta for $70,000 cash, which he sold as-is within three weeks for $130,000. Since then, Trapp has completed over 30 real estate deals, averaging two per month. Despite his success, Trapp expresses that he would not repeat the process if starting over, citing the extreme difficulty and the necessity for an exceptionally high risk tolerance and significant devotion to make it a viable business.