Tag: investing

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*If your new to the blog, should read from my beginning blog for the full story* When going into doing the next deal I had over 100 investors anxious to make an investment. It was quite overwhelming how this was all working out. So I picked it up a bit and bought 3 properties at once. I got a 3 unit and two 2 unit properties. It was on the 3 unit property I learned once again from another mistake. Dealing with these contractors. I trusted to much and didn't feel a contract was required,... Read More

So what happened that was so terrible I almost gave up?? I was trying to save costs anywhere I could to provide a larger return on my investment. I had cancelled the insurance policy early on this property, knowing that it would be picked up under the new name when being transferred for doing the refinance. It was only a few days before it would have insurance again, but kept me from paying another months bill. During one of those few days, I got a midnight phone call from the tenant saying... Read More

*Note that if your new to the blog, to read from the beginning blog or the story won't make much sense!*

The next property I found was only a few houses down from my first one. This was great because I definitely knew what the after repaired value would be since the house was the same layout as the first one. It was also the same purchase price of $20,000. I put the details of this house on my website to see if anyone would be interested in funding the project. I wasn't expecting muc... Read More

So after reading some tips in this book, I thought I would take that idea of using other people to get started, my knowledge of designing web pages, combine the two and take it to the world wide web. I figured since most other businesses grow through the help of the internet, it could work for me too. The concept was simple, I find a property in need of repair at much lower cost then its after repaired value. I'll use other peoples money to buy it and fix it up in cash, and then once finished... Read More

Meanwhile back home, my parents had picked up a few more rental properties since the first one turned out to be good, only made sense to pick up some more. My father had his on contracting business, so he was able to do his own work on the properties saving a lot of cost. During that year, my father's twin sister had passed away from heart problems. Being a twin, they thought it was a good idea to check him out as well. They found the same problem. His aorta was splitting, which is what kil... Read More

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