11 PROPERTIES IN 14 MONTHS

[Robert Rayford]

In the first 14 months of starting my R.E Investment Company I was able to purchase, rehab, flip or hold a total of 11 properties all self-funded. It has been an interesting journey to say the least. I started like most new investors except the fact that I am a General Contractor and have been remodeling properties for others investors for 30yrs. I read everything I could get my hands on and watched all the videos/webinars. After attending some of the free “get rich in real estate” seminars it became clear that I would have to come up with my own system for R.E Investing and Rehabbing. I rolled the dice and bought as many properties as I could buy through cash, cash w/carry backs, seller floats, mortgage wraps and leveraging deals. I boarded up the properties in the slower markets, I started rehabs on properties as each market dictated a good return. Sometimes I would flip a new purchase right away if the market was right, thus leaping over a property bought prior in the year. I studied past and present projections, I now understand the timeline of the market rise from the West Coast to the Southeast. Oh, I should mention that I flip homes in Las Vegas NV, Jacksonville FL, Tallahassee FL and in the Bay Area California.This year’s goal is one flip a month and with a 3yr plan of 5 flips per month it has become evident that a lending partner is needed to achieve this. Self-funding projects can only take you so far. Who knew that a $18k first investment would produce a volume of 7 figures in 2 yrs.