Commercial Real Estate Investment Articles

Here’s my success story. The story began when I read Robert Kiyosaki’s book, Rich Dad Poor Dad, five years ago, and it ended three weeks ago with my first “easy” deal. (Oh yeah, and dozens of hours pouring over CRE Online Main Real Estate Forum posts.)

I made $6,000 for two hours of work, and I am set to close on $130,000 worth of property so far this month for July! I have been reading and participating in discussions on the Real Estate Main News Group for about four years now. I have had several small successes in that time, but I believe in the last two months, I have really started to come into my full potential.

After a couple years of half-hearted attempts at real estate investing, I finally closed my first deal! The first year was spent mostly learning: courses, Creative Real Estate Online, and some one-on-one training.

My husband and I (both in our late 20’s) started a woodworking business three years ago and owned our own home when we started. We were always interested in investing in real estate, but didn’t have a penny to pinch the first year in business.

I don’t know if this is a typical “success story.” If it is, the success is only a result of lessons learned. I just finished my first deal. I bought a rehabbed property from another investor. Prior to the purchase, I had an inspector do a thorough review of the house. His review said there were some minor issues, but that the house was acceptable, and as a result, I made the purchase.

So what is the lease option market about? Well, I don’t know everything, but I can tell you that it works! I found a seller who was marketing his gorgeous $1.3 million house for $1.2 million. He was not able to sell if after three months and was making payments on a vacant house.

I attended the Ohio REIA Conference in Fall 2003. I saw Lonnie Scruggs speak about mobile homes. I didn’t buy his books at that time, but realized that their was a potential investing in mobile homes. After I got home from the conference. I opened up the newspaper to look for houses for sale. I decided to look at the mobile home section while I was looking.

Just a typical 120% yield “Lonnie” deal. I bought a nice 1995 two-bedroom, two-bathroom 14×70 in our favorite park for $4,500. I closed on it at 10:00am. Before 11:00am, I had it sold for $13,000 to a good buyer. She put $1,500 down and will make 48 payments of $302.84 on the $11,500 note.

I just wanted to share my success story with you. I purchased Deals on Wheels by Lonnie Scruggs about four months ago. I knew right from the start that this was going to be my kind of business. I started telling everyone I knew about what I was doing and that if they found any deals for me, I would give them a commission.

When I heard about some apartments for sale in July, I almost walked away from them. For my first deal, I was looking for a two-bedroom/one-bath or a three-bedroom/two-bathroom home, something “easy” for a first-time deal and a novice investor. But I drove by and saw that they were two fourplexes, not a large apartment complex.

I don’t know about you guys, but this year has been one amazing year! I started investing in real estate full time around this time two years ago, and I was struggling somewhat until November 2004.

I’ve read so manySuccess Stories on this site. Thank God for it! I stumbled onto Creative Real Estate Online at least five years ago but never believed I could do those deals. I worked at a major airline for a living. After the terrorist attacks, along with thousands of employees, I lost my job.

I have successfully completed my first transaction. These folks didn’t have good credit. They were one month behind on their land contract and owed around $700 in back taxes. I took my time and did the CMAs and ordered an appraisal of the property.

Just completed my first deal and wanted to share my excitement! I had purchased Lonnie’s books [Deals on Wheels and Making Money with Mobile Homes] about a year ago, read them once, rode the speed bumps a couple of times, and then got “too busy” for this.

My neighbors came by to tell me they were getting a divorce. Being a sensitive person, I asked, “What are you going to do with the house?” They said, “Give it to the bank.” So I said, “If you are giving it away, give it to me.” They said, “Okay.”

I got a call from a guy yesterday who got my name from the local mobile home parts supplier. They mentioned that I buy used mobile homes, and this guy had just bought a new home and was selling his old one. He wanted to make sure he wouldn’t have to pay lot rent on top of his new home payment.

Before I share the details, I just want to point out that sometimes a success story leaves out that which was not successful and leaves you with what appears to be a very straightforward, simplistic view of what went into creating this happy ending.

Owning a mobile home park has many benefits, but one of the best is having a direct line to tenants looking to sell their mobile homes.

Like so many others, I was inspired when I read, Rich Dad, Poor Dad by Robert Kiyosaki in the spring of 2004. I immediately began to search out more educational materials on real estate investing and came across Creative Real Estate Online.

My partner and I formed D & B Assets, LLC to combine our thirty-six years of knowledge of landlording in order to buy distressed houses, fix them, and carry a more hassle-free income stream. Craving more knowledge, we discovered Creative Real Estate Online and decided to invest in further education by attending the annual convention.

Although I have many others to tell about, I’d like to tell you about my favorite success story. I found a property that had a county code enforcement lien on it, which was for initiating demolition proceedings. The lien was for a little over $1,000. I sent a letter to the owner only because I couldn’t find her phone number. She called me, and we met at the property.

I did eleven “no money down” deals in January. I have bought just about every course and read almost everySuccess Story. Finally, I decided to share a little of my success with everyone as well. I would like to remain anonymous however. We’ll just call me Happy in Florida.

We did it! After two appraisals and many phone calls, we are set to close on our first real estate investment. We purchased a bank REO (real estate owned) for $15,200 and sold it after a detailed remodel for $42,400.

Jean Vermillion & Gail Patten are equal partners in VAP, LLC. We started investing in real estate in 2002 by purchasing five single-family homes from one seller all at once with seller financing for the down payment. We went to a bank for a regular loan.

I am no longer a teenager, but I did begin investing in my teens. Here is my story