After college, Rich worked his way up the corporate real estate ladder to become the broker and owner of ERA Prestige Realty. For the next few years he grew Prestige to a formidable 4 office operation with over 250 full time agents and exceeding 45 Million in annual sales each year in business. This of course this is when 45 Million meant something.In 2003 Rich’s business model became more focused on an off-the-beaten-path-investment in default instruments; including unsecured consumer debt and NPL’s. All in all, he’s purchased 1000’s of non-institutional first and second mortgages and institutional second mortgage notes. He has participated as either a principle or as a collateral file due diligence consultant in pools valued at over 80 million dollars.