This work led to the reinvestment of our construction profits, as we started purchasing distressed residential and commercial properties. From 1994 until the 2004, we purchased, rebuilt and sold over $45 million worth of real estate in San Diego County. Founded in 1999, Rebuilding America, Inc became the main vehicle for our real estate investment activities. In 2004, Rebuilding America, Inc, relocated from San Diego County, California to beautiful Pensacola, Florida. In partnership with our investors within the first year at our new location we expanded our portfolio of single and multi-family residential property and commercial office buildings to over 100 units valued at over $13 million. Today we have over 150 properties valued at over $26 million with new purchases taking place daily. Americans today face a very serious housing shortage. New homes are becoming more and more expensive as land prices increase, materials and labor costs soar. Cities and states introduce and raise their impact fees and code requirements, and property tax and insurance rise. Rebuilding older housing stock provides affordable housing. With over 70% of the present housing inventory in America being over 30 years old, recycling older housing has become much more cost effective than building new homes.
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Lakewood, Southwest Pensacola
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