Just bought # 18 since Dec 2011. Ask me a question.

[Anthony Johnson]

I just entered into escrow on a SFH with a private money mtg/seller financing and it is another "petty house". I have bought "Luxury" 4 br homes by the beach, pool homes, and some lower middle stuff, but everything is a pretty house, or it has that X factor, appeal, usually one of the nicer homes on the street. I have learned many things and the biggest is to run this as a business and not as a landlord or RE Investor, or even a property manager. I am a Broker by day, but when it comes to my RE Holding company, I am a businessman and I know that is the way to do this business, at the least for me. A business-person makes decisions from a slightly different perspective than a landlord or a property manager. I remind myself I am the head of a company and to make decisions for the future of the company, like a CEO, I could give so many examples, but if you have any questions I will help as I like to pay it forward. Namaste.

[Anthony Johnson]

Jay, the first 4 were nicer homes and I did them all with Wells Fargo I had the tax returns back then. Then I did a couple of private loans from a local investor, and I live near the beach so these homes were amazing deals when I bought in 2011-2012. After I owned 5 homes, I stopped funding my money into the deals and started using the operating account to pay back the credit card and credit line advances I started using, all at 0%, and I learned how to use BLOC and HELOCs. I also did some portfolio LLC loans and they do not source funds. I have bought one every 3 months since Dec 2011 using this formula. So for me, it is attainable to find or create seller financing deals using highly scripted emails and calls, or using Private money now that some of my lenders enjoy their timely payments I am now getting more loans from referrals. Let me clarify, the only challenge is the down payments and rehab expenses, getting the loans is certainly not the hardest part of amassing a portfolio over 20+. Right now I have my next two mortgages/seller finance deals lines up, I only do one deal at a time, and I am constantly thinking about the 18k down, does it go on a credit card, BLOC, PLOC, cash, etc. I call my method an Infinity Rate of Return, since I put zero into it and the operating account pays off the short term debt and the snowball grows. A grand chess game we play!