Real estate mogul Kent Clothier is one of the premier names in the real estate business. Starting out as a struggling entrepreneur he has made his small startup worth more than $1.8 million. He has amassed millions by flipping houses or their contracts to be exact. His net worth may be in the millions, however, the exact amount is not available in the media.
The American business tycoon has made himself one of the most successful names in the industry. He worked for 13 years to build his small startup into the almost $2 billion company named Real Estate Worldwide. The company targeted young entrepreneurs.
How Did He Earn Millions From The Real Estate Business?
Clothier started a startup which sold groceries and pharmaceutical products. His startup was a small project but his hard work and talents along with the efforts of his team made the company into a $1.8 billion company. His tenure at the company started in 1988 and he left the company in 2002.
He started another venture and began a real estate company in January 2003. He began by flipping houses and flipped his first house in South Florida earning $8,200. After this, he sold 91 houses within 18 months of his first sale.
Then his business expanded and he expanded his business to Memphis, Tennessee where his family was buying and selling single-family homes. This small business blossomed into one of the best real estate companies named Memphis Invest which was one of his primary income sources.
In 2006, he along with his company started a phone line where real estate entrepreneurs could call and get access to free real estate service. The call line is still active and people can still get help and advice about real estate and investing.
In 2009, his business model changed as he had to adapt to the ever-changing market. His company then focused on cultivating and nurturing relationships. His companies focused on Reverse Wholesaling for the time being.
Similarly, after this in 2010 real estate entrepreneurs from all over the country used the phone line set up by Clothier. The same year he used expert data tools and data mining techniques. Clothier says that his company found their real passion which was providing the best marketing tools and information in the real estate industry.
His venture into this industry and business model made his company very highly rated. They expanded their business in 2012 with the use of the software. In fact, their most powerful software tool came online.
2013 was the year when the entrepreneur and real estate tycoon took steps with his entire team to make sure that he gave back to his community and the world. His company created the charity The Time Is Now Project in 2013 through which he even took a trip to Haiti with one of his business partners. After his success, these companies became income generating assets.
After seeing the realities of the life in the impoverished country of Haiti, both he and his business partner were affected deeply and they have ensured that The Time Is Now Project is dedicated to assisting charities concerning children’s charities dedicated to education, clean water, and adequate nutrition throughout the world.