You Find Investors Where You Least Expect it
I am pleased to say that Eileen and I have caught the attention of yet another all-cash investor!
I had a rather depressing phone conversation with another Armando student that hadn't had any luck finding the funds to do the program. She admitted that her husband took the "Sea Urchin" personality to an extreme, which was part of the problem. But then she said rather frankly, that what she was taught just isn't true. That you do need money to flip houses. I understand why she thinks that way, but I will soon prove her wrong.
The very next day I attended an annual alumni seminar (I have a very expensive Master's degree in Technology Commercialization - and no job). At lunch I mentioned my frustration of being unemployed and made the bold statement that I was now in real estate flipping houses.
This caught the attention of a fellow alum, a Chinese national that brokers technologies for use in China. He said "ME TOO! I flip houses too".
We had a nice discussion about house flipping and he said he wants me to flip houses for him - that money is not a problem, that he doesn't have time. He said "You no more look for job. I pay, you fix, we share the profits." His only concern is that he wants the properties to be in our state. That sounds good to me since all these investors are raising the prices in California.
I'm starting to make offers this week in Texas. I'll keep you posted!
I had a rather depressing phone conversation with another Armando student that hadn't had any luck finding the funds to do the program. She admitted that her husband took the "Sea Urchin" personality to an extreme, which was part of the problem. But then she said rather frankly, that what she was taught just isn't true. That you do need money to flip houses. I understand why she thinks that way, but I will soon prove her wrong.
The very next day I attended an annual alumni seminar (I have a very expensive Master's degree in Technology Commercialization - and no job). At lunch I mentioned my frustration of being unemployed and made the bold statement that I was now in real estate flipping houses.
This caught the attention of a fellow alum, a Chinese national that brokers technologies for use in China. He said "ME TOO! I flip houses too".
We had a nice discussion about house flipping and he said he wants me to flip houses for him - that money is not a problem, that he doesn't have time. He said "You no more look for job. I pay, you fix, we share the profits." His only concern is that he wants the properties to be in our state. That sounds good to me since all these investors are raising the prices in California.
I'm starting to make offers this week in Texas. I'll keep you posted!
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