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Updated over 10 years ago on . Most recent reply
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Palmdale, Lancaster, Antelope Valley Veteran Investor
My name is Michael Evans and I was a real estate investor from 1997-2005. I used to enter into pre-construction purchase contracts for SFR by putting $3K down, wait 3-6 months for them to build the house, close the deal with $10K out of pocket cash, turn around and sell the house at the then current retail market place. Houses were appreciating by $30K and I would do Sell By Owner and make a profit of $15K - $40K each house.
I am looking to dust off my real estate investment model, update it and get back into the game. I also did the same thing with homes in Texas (Frisco). I'm looking to purchase tax lien certificates in Texas. I have a degree in Economics from Loyola Marymount University and I believe in building (testing) investing systems based on economic data. I am also very good at managing money (current CFO for Santa Barbara County's Mental Health Department where I manage a $106 million annual budget).