From Retirement to the start of an Idea..
Tuesday, February 02
One of the reasons that I like Real Estate over equity (Stocks/Bonds) investments, is that you can improve your returns by hard work. In all my previous Real Estate Investments I had been fairly successful because I was in control. It was my first Syndication where the results were not mine t...
My Background Continued...10
Tuesday, January 26
The last twist in the closing. I have to do some speculation here as it turns out that we had to arrange a double closing. Not in the way a Wholesaler does a deal, one closing, then with the same property resells the rights to another buyer 1hour later. In our case, the Seller had to sell two...
My Background Continued..9 last project completed-How I got re-started
Tuesday, January 19
The last twist in the closing. I have to do some speculation here as it turns out that we had to arrange a double closing. Not in the way a Wholesaler does a deal, one closing, then with the same property resells the rights to another buyer 1 hour later. In our case, the Seller had to sell tw...
My Background Continued...8
Tuesday, January 12
Step 12 One of the partners purchasing the warehouse had a personal loan with the Seller as well. The partner had loaned the seller a large sum of cash about five years prior and had a personal note. The note charged interest but had no terms for repayment. The note holder had been asking for r...
My Background Continued... 7
Wednesday, January 06
After I made the call to notify the Seller we planned to close at the End of September, he notified me that there was a Certificate of Pending Litigation (CPL) on the property now. Step 10. I informed my partners. We tried to research the CPL, but did not get far, so we had our Lawyer investiga...
My Background Continued... 6
Monday, December 28
Well CoVid 19 hit and we probably lost 2-3 months trying to figure out what a reasonable response was. At work, I went from a regular 8-4pm office job managing other people's property to working from home. It took a lot of adjusting and workarounds to get how to apply property rules and regula...