San Diego, CA
My wife and I used our military benefits to buy a $1M property in San Diego. It kickstarted my real-estate business.
- Erwin Jacob Miciano left the Navy in 2021 to focus on his real estate business full-time.
- Miciano and his wife used VA loans to buy a triplex and start their business, Semi Homes.
- Semi Homes helps homeowners avoid foreclosure and launched Miciano’s real estate career.
This as-told-to essay is based on a conversation with Erwin Jacob Miciano, a 27-year-old real-estate investor and the owner of Semi Homes in South El Monte, California. It has been edited for length and clarity.
I’m a dedicated dad, a committed husband, a real-estate investor, and the co-owner of Semi Homes, a real-estate company specializing in direct-to-seller transactions and marketing strategies. I co-own the company with my wife, Theressa.
I don’t have a college degree. I graduated from high school in 2015 and first worked at Wetzel’s Pretzels. I decided to join the Navy to support my family abroad in the Philippines and my mom and brother in the US.
In March 2016, after three months of boot camp, I completed the basic training to become a photojournalist. Until September 2021, I served as a mass communication specialist, with most of my overseas years based in Japan, stationed on the USS Ronald Reagan.
I separated from the military in 2021 to pursue real estate full-time
My Navy job included writing press releases, aerial photography, videography, and printing. In later years, I was stationed at the Naval Hospital Balboa in San Diego, where we covered COVID-19, and I was deployed with USNS Mercy to San Pedro in Los Angeles during the pandemic.
I was presented with an “early out” program because of overmanning in my job, and it allowed me to complete my contract a couple of years early. I had already started my business, but leaving the military allowed me to pursue it full-time.
I also wanted to spend more time with my young family. My eldest was born in January 2020.
My wife and I met on the day I arrived on the USS Ronald Reagan in 2016
We became friends through the first-response/firefighting team, where she worked as an electrician. We also noticed each other at church services, and she invited me to her baptism ceremony, where she was baptized inside an open jet fuel tank.
Early in our relationship, we lived together in a small Japanese apartment. Then, we spent about a year doing long-distance, with me still deploying on the carrier and her based in San Diego.
After a year of dating, we got married, and soon after some vacation in the US, we discovered we were expecting our first child. During most of her pregnancy, Theressa lived alone until I got stationed in San Diego around her seventh month.
That same year, I became deeply interested in personal finance and real-estate investing, inspired by stories of blue-collar workers achieving financial freedom through real estate. I learned the most from the BiggerPockets podcasts.
We were motivated to become first-time homebuyers
We were eager to apply what we had learned and planned to use the VA loan entitlement from our military service. VA entitlement is how much lenders can lend to a veteran or active duty member without providing a down payment.
We aimed to buy a multifamily property — ideally a duplex, triplex, or fourplex — so we could live in one unit and rent the others to offset our mortgage. Today, this strategy is known as house hacking.
Being stationed in San Diego gave us a few key advantages
The housing allowance we received as military members was higher than in most US locations, boosting our household income to about $10,000-$12,000 monthly. This allowance was discontinued once we both left the military. Theressa left the Navy almost a year before I did at the end of 2020.
Second, the VA loan allowed us to buy a multifamily property with zero down payment.
Third, we included 75% of the gross rental income from the property in our loan application, increasing our approved loan amount. On paper, our monthly gross increased to $15,000-$17,000.
Finally, new legislation removed local VA loan limits for first-time users, giving us more purchasing power.
After months of searching, we found a triplex listed for $1.2 million
We offered $1 million and settled at $1.1 million. By March 2020, we had moved into a three-bedroom unit while renting out the other two for about $4,000 a month, reducing our housing costs to less than what one-bedroom rentals were going for at the time. This was the start of Semi Homes.
After living in the triplex for two years, we moved in with my mom and brother in September 2021 in the San Gabriel Valley. The triplex is now fully a rental property generating $1,500 to $2,000 monthly profit.
My day-to-day work involves meeting with homeowners who are looking for support in selling their properties
We now buy properties and resell them for a profit. We also help sellers in deep foreclosure and save them from it. My role is to get my team in front of our target audience and guide clients through the entire process, all the way to the closing table.
There are also late-night administrative hours and business-building, which I work on three to four nights a week. The biggest change from my Navy days is that I’m no longer away from my family for long periods — a small freedom I cherish.
I feel both fulfilled and successful
While Semi Homes started as a way to build wealth and achieve financial freedom for my family, it’s grown into something more.
We stay in this tough business because we truly believe in the value we provide to the individuals we work with. I’m focused on building our online presence and spreading the word that foreclosing is not the only option.
I see myself in real estate for the rest of my life.
Want to share your story about getting on the property ladder? Email Lauryn Haas at lhaas@businessinsider.com.
San Diego, CA
San Diego Wave poaches Leeds United executive Morrie Eisenberg as new CEO
NWSL team San Diego Wave have poached Leeds United’s chief business officer Morrie Eisenberg to be its new chief executive officer.
Eisenberg, who joined Premier League club Leeds as chief operating officer in October 2023, is credited internally with leading the push on its stadium redevelopment at Elland Road, which gained full planning permission earlier this year.
During Eisenberg’s time at the club, Leeds secured promotion back to the Premier League and, after his promotion last May, avoided relegation this season to maintain their place in English football’s top flight.
Eisenberg will begin his new role at the Wave in August, having previously held leadership positions at LinkedIn, Tesla and with the San Francisco 49ers in the NFL. He remained as a senior advisor to 49ers Enterprises while working at Leeds, with the two teams sharing the same ownership.
An announcement will be made by the two teams later on Wednesday.
In a statement, San Diego Wave governor Lauren Leichtman welcomed Eisenberg as a “transformative leader.”
“His vision, collaborative leadership style and commitment to building world-class organizations make him the ideal person to lead this club into its next chapter,” she added.
Eisenberg said: “The Wave has already established itself as a global brand with an exceptional fan base, ambitious vision and strong foundation. I’m excited to work alongside the players, staff, supporters and community to continue building a club that sets the standard on and off the pitch.”
The Wave are third in the NWSL standings (Leonardo Fernandez / Getty Images)
Leeds United managing director Robbie Evans added: “While I am disappointed to see Morrie leave, I am grateful for his effort and impact over the last three years. Much as with players, when you employ excellent people who produce excellent results, sometimes the unfortunate effect is that they will attract interest elsewhere.
“Morrie and I first met three years ago in discussing if we should leave our old lives behind to try and help Leeds United return to its rightful place in English football. Three seasons later, he leaves with the club on an excellent trajectory. I hope Morrie is especially proud of his tireless work on the stadium expansion, which will benefit the club, supporters, and the community for generations to come.
“Morrie and his wonderful family depart with the best wishes of the club. He is welcome anytime if he tires of California sunshine and misses the Yorkshire weather!”
The Wave is building influence
Analysis by soccer writer Asli Pelit
Lauren Leichtman, the first woman to become a billionaire from private equity, bought the Wave from billionaire businessman Ron Burkle for a record $120 million in 2024. Less than three years earlier, Burkle bought the franchise for $2m. Leichtman’s arrival in the NWSL marked the entry of institutional-caliber capital from one of private equity’s most accomplished operators.
Through Levine Leichtman Capital Partners, which manages more than $12bn in assets, Leichtman brought a new level of financial sophistication to women’s soccer just as franchise valuations, sponsorship revenue and infrastructure spending across the NWSL continue to surge.
The acquisition also underscored the increasing importance of relationships in women’s soccer. Former Wave president and ex-USWNT coach Jill Ellis played a pivotal role in connecting the parties, leveraging a relationship with Leichtman that dates back two decades to UCLA. Though Ellis’ exit to join FIFA was quite contentious.
Bringing USWNT legend Alex Morgan into the ownership group only deepened the club’s alignment between business credibility and player influence, a growing trend across the NWSL’s new ownership era.
Having only launched in 2022, the Wave have never won the NWSL Championship, though they did capture the 2023 NWSL Shield after finishing with the league’s best regular-season record and added the 2024 Challenge Cup to the trophy case.
In just a few seasons, the Wave have packed stadiums, landed superstar talent, shattered franchise valuation records and behaved like an established giant; the only thing still missing is the championship confetti.
The Wave are navigating a transitional 2026 season, balancing strong results with clear growing pains both on and off the field. Under second-year head coach Jonas Eidevall, San Diego remains in the playoff run, consistently hovering around the league’s top four to six spots, but performances have often highlighted unresolved issues within the squad. The club is still searching for consistency, but the potential arrival of USWNT star Catarina Macario after the summer break could significantly raise the team’s ceiling and strengthen their chances of bringing home a trophy this season.
Eisenberg is coming to Wave after his stint with one of the most successful American ownership groups, the 49ers Enterprises, the investment arm linked to the NFL’s San Francisco 49ers, which completed a full takeover of the club in 2023 after first purchasing a minority stake five years earlier. Led by chairman Paraag Marathe and backed by the York family, the ownership group has reshaped Leeds with an American-style approach centered on commercial expansion, infrastructure investment and data-driven operations.
San Diego, CA
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MLB Trade Rumors: San Diego padres Eyeing 2 Specific Relievers
The San Diego Padres are in the playoff picture this season despite both the lineup and rotation falling short of expectations. While big moves won’t come until the summer, there are some swirling MLB trade rumors about two of the club’s targets in July.
USA Today‘s MLB insider Bob Nightengale reported over the weekend that the Padres are looking around the league for bullpen help and “have their eyes on” Boston Red Sox closer Aroldis Chapman and Colorado Rockies reliever Antonio Senzatela.
Padres general manager A.J. Preller has already demonstrated how much of a priority he places on the bullpen. San Diego gave up one of the top prospects in MLB, Leo De Vries last summer to acquire All-Star closer Mason Miller. One season later, San Diego could strengthen its pen again.
It’s not as if it’s a weakness for the team. Heading into MLB games today, the Padres’ bullpen has the fifth-lowest ERA (3.13) in MLB. That’s even with Jeremiah Estrada struggling early and then spending a few weeks on the IL.
As of now, Boston hasn’t seemingly shown much interest in selling at the MLB trade deadline. While the club is still eight games below .500 entering play on Tuesday, reports have suggested the team wants to add hitting. Chapman does have a mutual option for the 2027 season worth $13 million, which will likely be guaranteed since he’s well on pace to reach the 40-inning incentive.
- Aroldis Chapman stats (ESPN): 0.51 ERA, 0.85 WHIP, 23-7 K-BB, .235 batting average allowed
Senzatela is an intriguing option. A former starter, the 31-year-old reliever is owed $12 million this season with a $14 million club option for 2027. Across 32 innings of work this year, Senzatela boasts a 1.13 ERA with a 0.78 WHIP and a .157 batting average allowed.
The Padres could still add a starting pitcher this summer, but strengthening the bullpen would allow them to effectively shorten games and be better suited for competing in October. One promising thing: with new ownership coming in, shedding payroll won’t be a mandate this summer.
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