For those other newbie's... & all who could use a good story, please see my recent topic, "Something from Nothing". It tell's of my first RE deal circ 1986 & the very interesting results that came about that stunned me! In the last 5 yrs. since getting married my wife & I have bought on time, 10 small lot's & acreage properties(all raw land w/ legal access) & have all but 1 paid off. The largest of these being 2, 160 acre each Gold Minning claims next to the Kern River.....this is a great area w/ good claims going back as far as 1850, unbeleavable as it seems it's well documented that "The" "Grizzly-Adams" once roamed those same cyns. suppling meat to the miners. The main strike was a gold/quartz vein on the surface 2 feet wide & 800 feet long! You wouldn't ever believe the rock-bottom price we paid...."NO-ONE DOES"! The rest are residence & ranch lot's around the southwest states. We also bought a home last yr. that had sold for 285K a few yrs. ago that we got for 150K & my Daughter, Son in law & my 3 grandkids now live there here in Vegas(I didn't mention, that we have been allowed to live rent free at my job, so that's how we were able to buy all these props.) It sure always wasn't this way. I'm a "real" nice Dad I think. They make the payments & we all WIN! I had 8K into buying it for them, & since I got the 8K tax credit, & I wanted thier family to benifit from the increasing value over the yrs. I only asked them to sign a note for 3K @1% interest that they can pay off whenever I decide I want to collect... or I may discount the note to an investor. Even though it's payable @ $25 a month why shouldn't I go ez on my own Daughter. Baby steps & we'll get there. We are ready to do a deal for a place to live in a few weeks if all goes to planned, see my topic "Something from Nothing" for all the juicy details......if I get-er-done... it will be a "KILLER-DEAL Dean would be proud of!" We bairly have our books but I know my path is clear now! Todays daily affirmation...."IN EVERY STEP, THE GOAL BECOMES MORE IN FOCUS"!!!
For those other newbie's... & all who could use a good story, please see my recent topic, "Something from Nothing". It tell's of my first RE deal circ 1986 & the very interesting results that came about that stunned me! In the last 5 yrs. since getting married my wife & I have bought on time, 10 small lot's & acreage properties(all raw land w/ legal access) & have all but 1 paid off. The largest of these being 2, 160 acre each Gold Minning claims next to the Kern River.....this is a great area w/ good claims going back as far as 1850, unbeleavable as it seems it's well documented that "The" "Grizzly-Adams" once roamed those same cyns. suppling meat to the miners. The main strike was a gold/quartz vein on the surface 2 feet wide & 800 feet long! You wouldn't ever believe the rock-bottom price we paid...."NO-ONE DOES"! The rest are residence & ranch lot's around the southwest states. We also bought a home last yr. that had sold for 285K a few yrs. ago that we got for 150K & my Daughter, Son in law & my 3 grandkids now live there here in Vegas(I didn't mention, that we have been allowed to live rent free at my job, so that's how we were able to buy all these props.) It sure always wasn't this way. I'm a "real" nice Dad I think. They make the payments & we all WIN! I had 8K into buying it for them, & since I got the 8K tax credit, & I wanted thier family to benifit from the increasing value over the yrs. I only asked them to sign a note for 3K @1% interest that they can pay off whenever I decide I want to collect... or I may discount the note to an investor. Even though it's payable @ $25 a month why shouldn't I go ez on my own Daughter. Baby steps & we'll get there. We are ready to do a deal for a place to live in a few weeks if all goes to planned, see my topic "Something from Nothing" for all the juicy details......if I get-er-done... it will be a "KILLER-DEAL Dean would be proud of!" We bairly have our books but I know my path is clear now! Todays daily affirmation...."IN EVERY STEP, THE GOAL BECOMES MORE IN FOCUS"!!!