Snapshot · BiggerPockets Real Estate Podcast
By buying his commercial warehouse in a designated Opportunity Zone, Remington can sell after 10 years and pay zero federal capital gains tax on the investment gains.
Where this was said
At 30:00 · chapter starts 28:05
By 2022, Remington had 80 rental units, rising interest rates, a growing family, and a burning desire to simplify. He shifted his focus to commercial real estate, specifically targeting assets with triple net leases. His first major commercial play was a 24,000 square foot warehouse in Columbus, listed at $600,000, which he and a partner snapped up immediately [1] — Remington Lyman "24,000 sq ft warehouse commercial deal: Remington and a business partner purchased a 24,000 square foot warehouse listed at $600,000, inves…" 28:40 . They invested another $500,000 in renovation — no small feat on a building that had sat vacant for 30 years — and landed a 10-year triple net lease with a not-for-profit art studio backed by a major donor. The art studio quickly subleased interior studios to individual artists, became fully occupied within a month, and generated steady monthly cash flow. The neighborhood improved, local government supported the project, and the community benefited. A genuine win-all-around deal.
Remington and a business partner purchased a 24,000 square foot warehouse listed at $600,000, invested another $500,000 in renovation, and secured a 10-year triple net lease.
Finding deals and generating cash flow is the glamorous side of real estate. But Remington argues that tax strategy — Opportunity Zones, 1031 exchanges, state credits — is where generational wealth is actually built and preserved.
In a triple net lease, the tenant pays ALL property expenses — taxes, repairs, maintenance, every bill. For Remington, this meant predictable monthly cash flow with almost no surprises, making it far easier to underwrite than residential rentals.
Sam built Algrow from zero to $14,000 in monthly revenue within just six months of shipping his first MVP.
Algrow reached over 10,000 users in roughly six months, driven almost entirely by organic Discord community growth.
Sam acquired his first 400 users entirely through Discord communities, without paid advertising or traditional outreach.
Algrow added exactly 480 new paying customers in its most recent month, demonstrating strong ongoing growth.
Sam's Stripe dashboard showed over £10,000 in revenue in the last four weeks, equivalent to roughly $13,000–$14,000 USD.
Sam gave all early users free access so they could show the tool to friends, turning them into live demos and advocates who helped the product spread virally.
By silently screen-sharing his tool in Discord voice chats rather than posting links, Sam attracted curiosity without violating no-self-promo server rules.
Before building Algrow, Sam and two friends made over $10,000 in revenue through affiliate marketing for RizzApp by posting faceless texting story content.
Daily content drives traffic to a waitlist landing page; those email subscribers become your first 100 customers because they already trust you and want to solve the pain you address.
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