Real estate investment can be a marathon, not a sprint, and for Cedric, it was a journey of careful planning, calculated risks, and continuous learning. Alongside his wife Bea, Cedric has built a portfolio of four income-producing properties since 2017, evolving his strategy from a bold, sight-unseen purchase to a meticulously planned approach focused on cash flow and long-term appreciation.
Cedric and his wife spent years considering real estate investment, poring over books and resources, before finally taking the plunge in 2017. Their very first transaction was an unconventional one: a tax sale auction. They purchased a property sight unseen, relying only on exterior photos available online.
“We decided to hit the button and hit the gas pedal,” Cedric recalls, describing the competitive bidding process. They won the auction, but the immediate thought was, “Okay, now what?” The property was in rough shape, requiring significant work. Adding to the challenge, they were living in a different state. After a 14-month process to secure a clear title, they sold the property for a profit of approximately $14,000, making a quick decision not to repeat that specific high-risk method.
“It was definitely high risk,” Cedric admits, acknowledging they “got lucky” that it worked out. This initial experience, though profitable, solidified their desire for a more traditional and manageable approach.