King of the Cape

REVIEW SUMMARY
Company. Carney Properties & Investment Group
Industry. Residential real estate
Key. Following successful real estate entrepreneurs like John Carney could pay off.

John Carney was selling mortgages to low-income borrowers 12 years ago when an investor from Naples approached him to buy foreclosed homes, renovate them and sell them at a profit.

Using borrowed money, Carney turned $16,000 profit in 90 days on the first home he renovated in Cape Coral. “Next thing you know, we're cranking 10 a month until 2005,” says Carney, 43.