
I have been a traditional investor so far. Meaning I have acquired multifamilys, condos with a basic 20 to 30%down payment model. As you an imagine with that type of business model my investment career was finite. I ran out of money. I decided to attend Deans seminar in Az with an old friend/new business partner. I was pleasantly surprised. And genuinely motivated. I have since then put my financial house in order. Which means I got my exisiting properties caught up administratively. And invested in a rehab I got from a sherriff sale with the intention to flip. My plan B is to rent it out. My plan C is to refi get my money out and move on to the next. Our strategy is simple: find buyers and great deals and put them together for a win win win. I am trying to build my list of buyers. As it seems inventory is no problem at all.I have alot of oppty's are being presented to me since I have made the announcement that I am exploring varying facets of real estate investing. If anyoen reading this would like to provide positive direction and coaching I welcome the feedback.
By the way, I am involved with a situation where the homeowner is selling the house for whats due in backtaxes. And there is a third party involved who bought the tax note?? (not real sure how this works) But I do know the municipality said they would have to check in with this third party to determine what is the "real" payoff amount. The homeowner has a tax bill for $13k from the municipality that says $13k-so why does the municipality have to check in with this third entity??
Well thats all i have for now. Thanks and take care Bob my email is roberto.reyes00@****
BOB
Just stoped in to say HI and welcome to the site. Don't forget about the success acamandy if you haven't already joined.
Randy