One of the world’s largest real estate companies started out as a side hustle.
Today, Denver-based Re/Max operates in more than 110 countries, and has a market value of $265.2 million. But it began with a single, small house-flip in the late 1960s, co-founder and chairman Dave Liniger tells CNBC Make It.
At the time, Liniger was a U.S. Air Force enlisted airman and Indiana University dropout, based near Tucson, Arizona, looking for ways to supplement his $99 per month military salary.
In the early mornings, starting at 2 a.m., he had a newspaper route, he says. “In the evenings, I worked in a gasoline station — nobody had self-service at the time — and then I also worked in a movie theater,” Liniger, 77, adds. “Between the three part-time jobs, and the $99 I got from the service, I got up to $500 [each month]. And that wasn’t terrible.”