Property Investor Shares How To Build Generational Wealth Through Historic Property Investing – Steve Austin and Lily Patrascu

Many property investors focus on modern buildings, rental yields, and traditional appreciation. But what if some of the biggest wealth-building opportunities are hiding inside historic buildings that other investors overlook?

Steve Austin, founder of Revitalization Unlimited, has built and led companies across multiple industries and spent nearly 15 years in financial services helping business owners build and preserve wealth. Today, he applies that experience to historic commercial property investing.

In this insightful conversation, Steve explains how investors can identify historic buildings with untapped potential and transform them into valuable income-producing assets. He shares how his team combines adaptive reuse, tax incentives, preservation strategies, and careful underwriting to unlock opportunities others may miss.

Steve also reveals how he evaluates deals, manages the risks that come with older buildings, and determines the highest and best use of a property—from boutique hotels and multifamily developments to data centers and entertainment venues.

Tune in to discover how historic property investing can become a powerful strategy for building long-term and generational wealth while breathing new life into buildings that might otherwise be forgotten.

🏛️ Discover how historic buildings can create unique investment opportunities.
💰 Learn how tax incentives may improve the economics of a property deal.
🔍 Understand how Steve evaluates historic properties before investing.
🛠️ Explore how old buildings can be converted into higher-value uses.
📈 Learn how strategic property investing can help build long-term generational wealth.

About the guest:

Steve Austin is the founder of Revitalization Unlimited (RU) and brings a diverse entrepreneurial background to the firm. Over the course of his career, he has founded multiple companies across a variety of sectors and has held leadership roles in both public and private organizations. His experience includes serving in a senior leadership position at a public company and as an operator within a $7 billion private equity firm.

For nearly 15 years, Steve has worked in the financial services industry, partnering with business owners to help them build and preserve wealth through tax and estate planning strategies, as well as investment management. He has developed a deep understanding of the capital markets and applies a creative, tax-efficient lens to RUs acquisition strategy.

At RU, Steve focuses on evaluating and structuring investments to ensure they generate maximum value, both individually and across the broader portfolio.

For More Info About Steve Austin, visit:

00:00 Introduction – Building Generational Wealth Through Historic Property Investing
01:08 How Historic Properties Create Wealth Through Tax Benefits
04:35 Why Invest in Historic Properties & How to Find the Right Deals
09:21 How to Identify Bad Deals, Reduce Risk & Do Proper Due Diligence
14:45 How Investors Can Get Started & Steve’s Key Investing Principles
18:04 Successful Historic Property Projects & Choosing the Best Use for a Building
22:08 Why Miami Is a Strong Property Market & Current Investment Opportunities
24:36 Renovation Costs, Structural Problems & Hidden Risks in Historic Buildings
28:05 Valuing Properties, Finding Off-Market Deals & Buying Below Market Value
33:00 Finding Overlooked Opportunities & How Investors Participate in the Deals
35:00 Turning a Historic Courthouse Into a Data Center & Solving Planning Challenges
40:01 Where to Connect With Steve Austin

About The Host

Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people.

Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate.

If you want to be featured on this podcast, and you’re a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast –

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We don’t believe in get-rich-quick programs or guarantees of specific outcomes. We believe in hard work, adding value, and serving others, and our programs are designed to help you achieve those goals. As stated by law, we cannot and do not make any guarantees regarding your ability to achieve financial results, earn money, or improve your health using our ideas, information, programs, or strategies. Your success depends on your own efforts, skills, and circumstances, which are beyond our control.

We are here to support you by sharing our strategies to help you progress, but nothing on this page, any of our websites, videos, marketing materials, or in our emails constitutes a promise or guarantee of future earnings, financial outcomes, or health improvements. Any financial or health-related examples, estimates, projections, or past results referenced are for illustrative purposes only and reflect the views of the hosts and guests. They should not be considered as exact, actual, or assured results. If you have any questions, please contact us at [email protected].

Heal Podcast with Lily Patrascu is your go-to space for discovering tools and insights to heal your mind, body, and soul. In each episode, Lily Patrascu interviews a diverse lineup of experts—from spiritual healers and health practitioners to health coaches and alternative medicine doctors—who bring their wisdom, experience, and unique healing modalities to help you achieve balance and wellness.