The little house that could keeps paying off
When Andrew isn’t managing his investment portfolio and his substantial charitable donations, he enjoys cooking delectable souffles and working in the lush backyard of the home he shares with his partner.
At 55, the soft-spoken gent is already retired and now lives mostly off a trust created from the proceeds of his real estate investments. (Media shy, he agreed to an interview on the condition that I not use his real name.)
But lest you imagine that Andrew is another shopping-mall mogul, shameless slumlord or any other kind of businessman who has amassed tons of real estate to enrich himself, this image could hardly be further from the truth. Aside from the home he now lives in, Andrew’s total real estate ventures amount to no more than a little row house in West Berkeley that he bought in 1979 for $58,000.