My brother and I have, for years, been looking to get into real estate investing. we grew up around a father who was a very successful businessman and invested in duplex's from the start. In fact we worked on renovating these properties for him for extra cash through high school and college. Since then, my brother has been working in apartment communities and has dealt with the numbers and leasing side of real estate, he also has a degree in finance, so he is great with numbers. Me on the other hand, I have a great back ground in marketing and networking. The problem is that over the last couple years we have no capital. We have an idea now, that we have been constantly educating ourselves over these last couple years, that we will look to take over troubled sellers assumable loans, or go for a deal with a balloon payment. That is as much as we know.
If there is anyone who has experience with this or believes there is a better way to invest with little capital, I would love and appreciate your responses.
Thank you all,
Jonathan Robinson (charlotte, north Carolina)
