Five years ago, Megnath Neupane was living in an overcrowded refugee camp in eastern Nepal. He and his family were holed up in a tiny shack with a leaky plastic roof and no electricity or indoor plumbing. Today, you could say 35-year-old Neupane is living the American dream. He owns a duplex in Winooski with his wife, Chhali Maya, 8-year-old daughter, Prinsha, and 18-month-old son, Praveen. The rent he gets from the second unit, which houses 11 more Bhutanese refugees, covers the mortgage and property taxes for the entire building.
The Neupanes closed on their home on April 14, 2011, and have already paid down nearly half the $225,000 mortgage.
What’s the secret to their real estate success?
“I strongly believe in sincerity, hard work, dedication, punctuality,” says Neupane, who works afternoon and evening shifts as a pharmacy technician.