Daniel Ballerini has a passion for real estate. He founded the company First Station Real Estate, which has purchased over 50 rental units worth approximately $7 million during 2012-2017. With an MBA in Finance and Management from Rutgers, Ballerini saw an opportunity in the midst of the mortgage crisis. He created a business model in which he buys distressed real estate-owned (REO) properties, completes significant renovations, and then rents the properties to residential tenants. In doing so, Ballerini creates affordable housing for his community in New Jersey. His residents are consistently impressed with his properties. Ballerini takes pride in providing housing to hard-working families and enjoys showing them his newly restored properties. Some of Ballerini’s tenants are first-time renters, and experiencing the process with them is what First Station Real Estate is all about.
Ballerini is excited about the future of his company. He will continue growing First Station Real Estate because he believes the real estate industry is the best vehicle available to generate long-term wealth. He has a short-term goal of 100 units valuing around $10 million in property assets by 2019. Ballerini explains that it takes discipline, foresight, desire, and hard work to properly invest in real estate, but that he has the confidence, knowledge, and business plan to achieve his goals.