28 Year Old Entrepreneur Flips 1,000th Home

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James Paine, the 28 year old entrepreneur-turned-real-estate-fund-manager, announced last week that his firm, West Realty Advisors had successfully completed renovating and selling their 1,000th home.

West Realty Advisors is a San Diego based real estate hedge fund, which acquires, renovates and sells residential properties in 26 states across the country. The firm specializes in acquiring single and multi-family dwellings at wholesale quantities, renovating them and then reselling these properties in the retail markets.

Though many would say that 1,000 properties is a valid milestone, CEO and managing partner, James Paine has his eyes set on a much higher goal. During a recent event, he said, “While I am pleased with the 1,000 properties milestone, we look forward to exceeding this in the upcoming years. For this, we have refocused our energies and have set a goal to buy, renovate and sell another 2,000 homes in the upcoming 24 months.”

Since launching in 2009, the firm’s returns to investors have been far above the industry average. 2013 has ushered in the most successful year for the business, where West Realty Advisors reached their highest returns of 39.6%. The management attributes this success to the dedication of the team, which is always eager to perfect all operations. The team, in turn, dedicate the success to the vision and drive of their leader, James. In 2014, recognizing his achievements, James was nominated by San Diego Business Journal as the most admired CEO of the year. James also won the 2013 Emerging Generation: 25 in their 20’s award and was named among the top highest achievers in their 20s.

While many experts speculate the inflation of the real estate market, James Paine remarks “We consider ourselves to be market neutral. We are not nearly as affected by the market as others in the industry. When we acquire a property, we expect to complete it and sell it within the next 60 days. By adhering to this plan of operations, we are able to remove ourselves from a lot of the volatility that others remain subjected to.”

West Realty Advisors, with its new goals in place, and James Paine at its helm, seems ready to achieve many new milestones in the ever changing nationwide real estate market.

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James Paine
West Realty Advisors, LLC
+1 858-332-2400 Ext: 1003
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