Michael Fourte is an accomplished attorney, real estate investor, and Veteran of the United States Navy. In 2002 Michael purchased his first investment property—an apartment building just outside of New York City. Since the property was a fixer-upper, Michael put in a lot of time and effort to renovate it and make it attractive to potential tenants. During this period Michael was also teaching ROTC at Fordham University and State University of New York (SUNY). In the evening he earned a JD from Fordham Law School because he realized that knowledge of law would be useful as a real estate investor. Michael’s passion for both law and real estate have resulted in synergistic success over the years, and he looks forward to continuing to grow as a professional in both areas.
Before Michael Fourte became involved in real estate or law, his first love was actually computer programming. At the age of six, Michael learned to code in BASIC. Since Michael’s math and analytical skills were developed early, he excelled in these areas. Michael believes that his attraction to analytical thinking influenced his embrace of law. One of the aspects that Michael enjoys most about law is its logical nature. With real estate, Michael was initially attracted to the “concrete” nature of owning property. “Companies can go bankrupt or disappear,” Michael says. “But when you own property, it can’t go to zero. Real estate may decrease in value, but it will always be worth something.”
Working and finding success in both law and real estate is not without its challenges. Michael Fourte believes that adapting to new technology is one of the most difficult challenges facing the legal industry. As technology influences and alters aspects of society, the law has to adapt or risk failing to serve society properly. The real estate industry is also not without its own modern challenges. Real estate owners face many outside factors that affect ownership. On a regular basis, an owner must resolve issues with banks, contractors, tenants, and in some cases the municipalities where the properties are located. Navigating these hurdles is not always easy, but Michael has found that it becomes easier as one gains more experience and education in the industry.
Michael Fourte’s years of experience in law, real estate, and the military have taught him numerous valuable lessons. One of the most important lessons that every real estate owner must learn is how to thoroughly screen tenants. While a rental property must have tenants to be successful, the wrong tenants can result in unnecessary headaches. During his law career, Michael has learned to value judgment as an endearing quality. It is his opinion that a successful litigant is one who is very measured and only takes legal action when there is a clear case of wrongdoing.
Michael Fourte has recently accepted an assignment and will be serving as part of the Chief of Naval Operations’ audit staff in Washington D.C. for the next 6 months. In this position, Michael will be responsible for reviewing financial audits and corrective actions for the Navy. He is incredibly excited for the opportunity.
In addition to his sundry experience in law and real estate, Michael also has significant strategic and operational planning experience as a result of serving in the Navy. Visit Michael’s military blog to learn more.