Commercial Real Estate Investment Articles

I have just purchased my first mobile home on Christmas eve, and I am closing with a buyer on New Years Day! I purchased for $1,000 down and $131 a month for two years, and I am selling for $210 a month for three years after my down payment.

I would like to share a wonderful success story with you. One afternoon while driving in through a mobile home subdivision, I decided to take the flyer from the real estate box on the property. I had noticed this mobile home several times because I had sold three homes in this subdivision and decided to take a closer look at this one.

Reading all of these success stories has me jealous so I figured it was my turn. In ’89 I purchased the Carleton Sheets No Down Payment course and did NOTHING WITH IT. Then, in ’94 I bought the course AGAIN to get the updated info.

When my wife and I first started our real estate investing career a year and a half ago doing “Lonnie deals,” we never thought so much could happen in such a short period. Because of all we have learned here on the website, the Main Forum, and especially the seminars that CRE Online and its affiliates put on, we have shaved years off our learning curve.

I just wanted to send you an email on a recent success I had. I was trying to purchase a home that was up for estate sale. After inspecting the house, I decided I could pay up to $35,000 for the house. So I decided I would offer $30,000, since it was only on the market for an hour and they where asking $45,000.

In December 2000, I purchased Bill Bronchick’s How to Create a Real Estate Cash Cow course and had listened to the tapes, and then attended his Business Organization seminar.

While speaking at the Creative Real Estate Online Convention in Atlanta last March, I met Steve at my round-table discussion. During a brief chat after the meeting, it became obvious that Steve is bright and ambitious.

Here is my short success story, small but hugely exciting for me. I ordered Ron LeGrand’s Cash Flow Systems around October 2000. Read the material, went through my doubts, and then really started around December 2000.

As a licensed real estate broker, I thought I had learned all the angles about buying real estate. Boy was I wrong. Thanks to Ed Garcia and Terry Vaughan, the How To Get Lenders Fighting To Give You Money Workshop has opened my eyes.

First of all, it has taken me a long time to submit this success story. The reason why it has taken so long, is that I never thought that what I did was anything out of the ordinary. I have had hearing problems all my life, becoming deaf in my left ear by the time I was 10 and having worn hearing aids in my right ear since I was 8. I have had a great deal of difficulty on the phone since about 1990, and thus have had others making calls for me.

I know that fear is not from God, but I am walking away from a profession that I have been in now for the last 16 years. About three years ago, I sat at my desk wanting an opportunity to create freedom of time, wealth, happiness and, more importantly, choices in my life. I asked for direction for these things and I was led to real estate investing.

I bought a house that was in foreclosure in June 2000. I paid $2,000 to catch it up. The unpaid balance was $22,000. There were tenants, who were paying $480 per month rent. The loan payment was $220 per month. Every month I had a positive cash flow of $260, which I earned from June 2000 to March 2001.

In a previous Success Story, $16,400 Practically Fell into My Lap, I mentioned a rehab that I picked up for $4,500. Well I purchased it in the name of a land trust. I had recently purchased Your Step-by-Step Guide to Land Trusts by attorney William Bronchick. This has been and will continue to be an excellent privacy and real estate investment tool for me.

The closing date for my first deal will be in two weeks. I purchased two duplexes on the same deed for $124,900. I am getting a second mortgage on the house I live in for the down payment and closing costs and first mortgage and second mortgages on the duplexes.

I have been waiting to invest in real estate for three years. For one reason or another, I was not ready. But I am now and have arrived. I am closing in May on my first real estate investment. I have set a goal to purchase 10 houses and have a cash flow of $300 monthly per house. I have one down and nine to go.

I’ve been pretty quiet lately, really hustling at building my business. I just thought I would drop a line about a recent success I had.

I had heard from a real estate broker friend of mine about a ranch house fresh on the market on a street/route I sometime do my daily run on. So I decided to run past it and saw it was in great condition. As I’m running by, the owner happens to pull up and we chatted. She asked if I wanted to see the place, so I took the nickel tour.

I had heard from a real estate broker friend of mine about a ranch house fresh on the market on a street/route I sometime do my daily run on. So I decided to run past it and saw it was in great condition. As I’m running by, the owner happens to pull up and we chatted. She asked if I wanted to see the place, so I took the nickel tour.

The CRE Online Convention in Atlanta was all I needed. I closed my first flip last week. It took me exactly one month from start to finish.

This might be helpful for someone starting out…I began learning about real estate investing January 2000. By August or September, I felt comfortable enough to take the plunge. During that time I got a partner, saved money, and secured financing. A note on our financing – it is at 12%, no points, simple interest, no payments until we sell the house. We can get a check with one day’s notice, and is secured by a Deed to Secure Debt.

I would like to share my experiences with others to further reinforce that you CAN buy property with little or no money down.

Hello everyone! Just thought I would share a (long overdue) success story with all of the wonderful people on this site who have helped me along my way. In January, I put four houses under contract through my Realtor. Each one was scheduled to settle in mid-to-late February. The details are as follows:

First Two Mobile Home Deals in Two Months

JP, I told you I would write as soon as I conquer that mountain, well here it is!

I thought I would go ahead and write my success story. I guess I was waiting for my story to turn out and look a certain way. I would have to say that I thought about real estate investing for ten years and, with the exception of my house, I didn’t do anything.