I got into this little habit of architecture and building. I designed a house in Colorado and one in Hawaii. The idea is supposed to be build and sell - but then I can never bring myself to sell them.
Sentiment: NEGATIVE
I grew up in a few houses because my dad was a builder, so we used to build and sell quite a lot.
Building your own home is about desire, fantasy. But it's achievable; anyone can do it.
Architects design houses. I live in a home.
I am an architect at heart. I designed every home I've ever had, plus my studio.
Building a house is like producing a movie. There's no right way to do it but a lot of wrong ways. You have to be flexible and creative. You have to move fast, be prepared - or it quickly becomes costly.
My properties are very good income-producing buildings, so I will have a very good stream of profit even if I can't sell.
The first house I bought was a little Spanish bungalow on Clinton Street in West Hollywood, right behind the Improv. I was renting it, and I asked the owners if I could buy it, and they were really nice and let me work out a deal. And I fixed it up and later sold it. That was when I realized that if you make some improvements, you can make money.
I buy things that are good properties that I'm going to have forever. I just don't have any intention to sell anything. I believe you acquire good assets and you keep them and operate them.
Buy with your heart, not your head. You can look at all the aspects that make a purchase practical, but that kind of thinking makes it an investment rather than a home.
I try to create homes, not houses.