Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Tycoons in the making - Where are they now?

We profiled some real estate investors when the markets were hot. How are they doing as real estate has cooled?

John Fragnito
John Fragnito
Status: Buying

Stance: Bullish

John Fragnito felt like he had to return to his home area in central Washington to afford to enter into the housing market.

When we profiled him in June 2005, he owned two multi-family buildings with a total of 18 units, a commercial building and had a half-share of a single-family residence. Much of the value of these buildings came as the result of the sweat equity he put in.

At the time, Fragnito intended to add to his holdings, which he has, although only modestly. He bought a couple of lots, one where he is breaking ground on a new house for himself and another on a river a few miles away.

"I've got plans to bring in power, septic and punch a well, then maybe put in a cabin and rent it out," he says.Appreciation has been excellent in Washington State and Fragnito estimates his equity has increased by close to $100,000 as a result. He has also sold an option on a 14-unit building that will provide a big profit if the deal goes through.

He has remained on the lookout for deals, which are less abundant than in the past.

"I'm always looking for a repo or someone selling at a big discount," he says.


Jaz Wray

John Fragnito

Mary Buenaventura

Matthew Martinez

Sky Minor

Chris Sontaie Ferrell
10 Luxury houses on the market around the nation (more)
From This Old House comes a selection of space-saving kitchens. (more)
From Money magazine: What to do if you find yourself living in a poorly made home. (more)