Developer says he can go much farther sharing profits with investors than he could working alone DAVID TAFFET | Senior Staff Writertaffet@dallasvoice.com Andrew Peele produced a 63 percent rate of return for investors in his house-flipping business during the pandemic.
His first investors had assets over a million dollars. Now that he has his first 23 projects under his belt, Peele said, he’s looking to work with smaller investors.
Through his company called Champagne Oaks, Peele buys single family homes and updates, enlarges or rehabs them then puts them back on the market.
But what makes his company unlike others, the gay entrepreneur says, is that he has all of the trades — carpenters, plumbers, electricians and others — in house.