How Milan Rouge Exceeded An Investment Goal By Buying 12 Properties In 15 Months
Milan Rouge isn’t only a boss in the fashion world, but also in real estate.
Venturing Into Real Estate
The Milano Di Rouge founder was once approached with a proposition for building her investment portfolio that she didn’t believe was possible. However, she ended up exceeding it.
“I remember working with some wholesalers and they were like, ‘Let’s make a goal to do six properties in one year,” she recalled in an interview with REVOLT’s Assets Over Liabilities. “And I’m like, ‘Ain’t no way we doing six properties in one year. You crazy.’”
Making It Into A Reality
Rouge shared that she ended up working with someone else and bought 12 properties in 15 months.
The goal is for her family to be well taken care of.
“I got my first property which is being remodeled to be the Milano Di Rouge store. And then, I bought my mom and sister a property ‘cause I’m really big on creating generational wealth. I don’t want them to need me for anything.”
“On my son’s first birthday, I gifted him a property and put it in his trust,” she added.
Milano Di Rouge’s Success
During the same interview, Rouge revealed that her clothing brand has made over $60 million in direct-to-consumer sales.
As previously reported by AfroTech, Milano Di Rouge launched in 2012 and has become a successful self-funded, luxury streetwear brand. After ten years in, Rouge aims for the clothes to be in multiple retail giants in the near future.
“I would like to see our denim in Saks, Neimans, or Nordstrom. For sure, our sweatsuits,” Rouge said.
“All of our customers that wear our stuff now, they go to the website,” she continued. “They go directly to the brand. But I know if people are in the stores and they don’t know nothing about it and they just end up seeing the quality and the design, I know that they’ll love it too.”