C-Class Real Estate Is Important To Wollaston Real Estate Investments & Why Did They Target It?

In March 2016, Wollaston purchased their first single-family home renovation as budding real estate investors. They had quit their full-time jobs a couple of months prior, and we were betting 100% on themselves to make it work. Their first project they would consider, was “beginner’s luck”.  Wollaston did so well, so fast they thought this business was “easy” and scaled incredibly quickly to six million dollars worth of development in our first 15 months. 

And to their credit as good salesmen, they financed and scaled 100% of these projects with OPM: other people’s money. It’s at this point the story turns. In their first two and a half years of real estate, we had more losers than winners. One very bad general contractor, partnered with naive investors, was a recipe for disaster. In the early months of 2018, they had loans they couldn’t pay back from failed investment projects. It was a stressful, high-pressure scenario to realize and live. However, it was a pivotal moment for Wollaston. Instead of claiming bankruptcy, they restructured debt into new projects to uphold our promise to