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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Port Saint Lucie, FL
10
Votes |
85
Posts

Tell me your story. I can use some inspiration.

Account Closed
  • Investor
  • Port Saint Lucie, FL
Posted

Hi - Does Real estate investing actually work? How much money have you made? Any one ever been successful just emailing and making calls, texts putting together buyers and sellers for commercial multifamily properties? After your first deals or deals, what did you do inmediately to grow?

Most Popular Reply

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74
Posts
31
Votes
Erich Beyer
  • Investor
  • Phoenixville, PA
31
Votes |
74
Posts
Erich Beyer
  • Investor
  • Phoenixville, PA
Replied

Brian, I know you're an apartment building guy so I'll give you a success story on those. In March of last year my brother and I paid 300k for a 5 unit in Phoenixville. We put 70k into it over about 6 months  (contractor was way too slow). In November it appraised for 530k and we refinanced out some of our investors and had money left to make more purchases! Have bought two single families so far this year to flip.

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