Millennial Sells Car, Buys Apartment Complex In Illinois, Manages From Cali
KEY POINTS
- ā¢At age 21, Lawrence Guerguis sold his car for $16,000 to finance a down payment on an Illinois property supported by Section 8 rent programs.
- ā¢After college, Lawrence moved to Cleveland, Ohio, to personally renovate and manage multiple rental homes, learning construction on YouTube.
- ā¢Now 24, he remotely manages over 30 properties from Orange County, California, after establishing his own property management company.
Lawrence Guerguis, a 24-year-old who once dreamed of Wall Street glitz, botched his investment banking ambition after chatting with a burnt-out banker who only had 'two weeks a year to live.' So, Lawrence went full millennial: sold his hand-me-down car for a slick $16,000, then bought a $400/month mortgage house in Illinois where rent potential was triple that figure, thanks to Section 8 magic. Juniored as his own handyman, Youtube became his plumber and painter until he knew the difference between PEX and PVC pipe. After grinding through tenants and tank tops in Ohio, he now commands over 30 properties remotely from sunny Orange County, wielding Zoom calls instead of paintbrushes.
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(1 of 3)Guy sold his car to buy a ghost town house with Section 8 tenants, now owns 30 homes and still canāt plug a sink without YouTube. Legend or landlord? You decide.
Real estate: the only career where selling your car to buy a $400 mortgage property is considered 'thinking outside the box.'
Landlord level: watching 'how to fix toilets' on YouTube while painting and flipping apartments like a home-improvement MacGyver.
Source: Businessinsider | Published: 8/15/2026 | Author: Jordan Pandy
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