All Forum Posts by: Gloria Lyles

Investment Info:

Other other investment in Montgomery.

Purchase price: $123,000
Cash invested: $103,000

condo in man gated country club community, prices are soooo right, 5 pool 4 tennis courts, 1 adult only pool w/jacuzzi, caban,fire pit, daily activities for adult and kids,boat slips.gym, conference room for activities, 24hr checks from security, constant update to property. boat rentals and jet skis, fun for the who family, weekend families and air-b-and-b opportunities. Venues for marriage ceremonies and high school/college graduations.

What made you interested in investing in this type of deal?

for those who wanted to live on the lake. lot of prices were coming down due to weekend only living, needed monies for other things

How did you find this deal and how did you negotiate it?

knowing property was price well in Texas, big state and Property Section 5.061 & 2, which allows me to put good hard working people in nice neighborhood and nice houses, with good protected, secure attorney prepared contracts, proposals and offers.

How did you finance this deal?

Lease option with realtors, in total line with executive contract 180 day, all contracts
prepared by my attorney, monies held in escrow, property in trust, no deed transfer.

How did you add value to the deal?

providing the sales price wanted, Help if need by helping a family with good income but may have suffered a hardship, increase credit score if need , save down if need, build up job time if need, and let them stay in their dream house being taking care of it.

What was the outcome?

at this time we are looking for investor friendly Realtors or Brokers who enjoy creative financing and putting extra monies in their pocket and increasing their knowledge and widening their network pool.

Lessons learned? Challenges?

keep moving,keep networking, keep looking, respect all even if their ideas are different than yours, keep up your numbers and eat drink and sleep real estate and never forget Who is the Ultimate Boss, thank Him everyday, and numbers will turn acquisitions.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes , Ryan Butterfield

Investment Info:

buy & hold investment in San Pablo.

Purchase price: $145,000
Cash invested: $65,000
Sale price: $389,000

town house 2 level,2b/2.5b, courtyard backed up to a river shrubs. gated.

What made you interested in investing in this type of deal?

location and a safe community, easy to resale

How did you find this deal and how did you negotiate it?

realtor located it for me, just put in offer and it was accepte, looked at comps and rent fo area.

How did you finance this deal?

my investment money

How did you add value to the deal?

update, paint, carpet, appliances

What was the outcome?

keep for 2 decades and a a personal loss and betrayal by family member.

Lessons learned? Challenges?

love all, help who you ,can and watch out closely for those who don't have you best interest.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes realtor

Investment Info:

buy & hold investment in San Pablo.

Purchase price: $145,000
Cash invested: $65,000
Sale price: $389,000

town house 2 level,2b/2.5b, courtyard backed up to a river shrubs. gated.

What made you interested in investing in this type of deal?

location and a safe community, easy to resale

How did you find this deal and how did you negotiate it?

realtor located it for me, just put in offer and it was accepte, looked at comps and rent fo area.

How did you finance this deal?

my investment money

How did you add value to the deal?

update, paint, carpet, appliances

What was the outcome?

keep for 2 decades and a a personal loss and betrayal by family member.

Lessons learned? Challenges?

love all, help who you ,can and watch out closely for those who don't have you best interest.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes realtor

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $100,000
Cash invested: $3,000
Sale price: $180,000

b-c neighborhood, close to downton, freeways, airports (not over you head, short driving distant, close to river, arco arena, cal expo, shops, mall and business.

What made you interested in investing in this type of deal?

lot of people pay good rent to be in that area of town, it is beautful, you can ride the river boat, dinner boat with themes, trails, trains to choice location. lovely hotels with spa's ect, and hourse/ carriage rides

How did you find this deal and how did you negotiate it?

driving for dollars, held by bank for yrs. put in offer and got loan with a construction loan added to note for fix up

How did you finance this deal?

FHA

How did you add value to the deal?

Gutted it and remade, including the pool in back.

What was the outcome?

sold and got full asking price

Lessons learned? Challenges?

asked for what you want, all that can be said is no, and tha will not kill you, on to the next

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes Ryan from folsom, Great realtor

Investment Info:

Single-family residence buy & hold investment in Suisun City.

Purchase price: $150,000
Cash invested: $100
Sale price: $220,000

split level.duel fireplace in living room and dinning, cathedral ceilings, updated appliances
4b/3/b

What made you interested in investing in this type of deal?

upcoming area, brand new home never lived in

How did you find this deal and how did you negotiate it?

just looking in area i was interested in

How did you finance this deal?

VA

How did you add value to the deal?

did'nt need any updating, put in new appliances

Lessons learned? Challenges?

hard investing along, you need a team

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

sorry no

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

triplex, back yard, 3 garages, close to Mills college, store and business

What made you interested in investing in this type of deal?

Good location to school, good part of the city. Goo area rents

How did you find this deal and how did you negotiate it?

MLS, liked the property and partners we investigated and made offer

How did you finance this deal?

Fromthe last investment

How did you add value to the deal?

updating, paint, new appliances,landscaping and a few more nick nacks

What was the outcome?

deal

Lessons learned? Challenges?

Keep moving, keep up numbers, have a team you can trust and fell the same way you do about property

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no, sorry, its pretty much been a family deal

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

triplex, back yard, 3 garages, close to Mills college, store and business

What made you interested in investing in this type of deal?

moving up a bit and trying to get some of th college students that could not afford to stay on campus.

How did you find this deal and how did you negotiate it?

driving for dollars, daily discussion on where we wanted to go and what we wanted to accomplish

How did you finance this deal?

from the last deal

How did you add value to the deal?

revamp the home, updated it, and made it somewhere we would like to live.

What was the outcome?

lot of bids for units.

Lessons learned? Challenges?

believe in God and He will help you believe in yourself and accomplish what He has set out for you to do, touch the lives He has already ordain for you to connect to, then it is all Him, I follow Him and my great family team.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Duplex, rented and hold

What made you interested in investing in this type of deal?

it was 1 of my husband and his family members business. It was our passion

How did you find this deal and how did you negotiate it?

MLS, letters, word of mouth and driving for bucks were something we did.

How did you finance this deal?

with family money

How did you add value to the deal?

went in fixed up, update all things that was out dated, rugs, paint, appliances, windows, landscape,etc

What was the outcome?

Put it on MLS and had many offers, on family member stayed in on side.

Lessons learned? Challenges?

Just keep growing, learning and listening

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no, we did it on our own.