All Forum Posts by: Kevin Jackson

Welcome to the forum James. I am a newbie here also and I have learned so much from these guys in such a short period of time. I am from Atlanta also and was curious as to which areas are you considering purchasing your home?

Thanks for all of the information guys. What made me unsuccessful as a landlord is that I acquired too many properties at one time and it was a juggling act in regards to rehab and finding tenants that could afford the rent. There were so many "bargains" in regards to home sales and instead of purchasing one property, finding a tenant and once I have had the experience of being a landlord then purchase another property, I did the exact opposite. I bought 3 properties, had to borrow from Peter to pay Paul when it comes to rehab and once it was all said it done I could not find tenants in time. Needless to say I am one of the people who have added to the foreclosure crisis but it was a very expensive lesson learned. Once I am able to deal with and recover from all of the reprecussions that come with foreclosures, my plan is to purchase ONE investment property, obtain a tenant, become a landlord for a year and if things are working according to plan then I will purchase another.

With great rewards come great risks and at time even though these risks are calculated we tend to get blindsided by the "X" factor so I would like to hear from those who "failed" at real estate and if possible, share with us your strategy that you used to recover and become successful. Yeah I know it sounds like a job interview question but I would love to hear your story.

The most inspiring book I have read was:

Jesus CEO : Using Ancient Wisdom for Visionary Leadership: Books: Laurie Beth Jones

It gives proof text on how Jesus was a CEO and his effective methods of dealing with different situations with his "employees"

How accurate is zillow.com when determining the true appraised value of your home?

There was a discussion on Robert Kiyosaki and it was stated that he makes the majority of his money selling books as opposed to actually investing in real estate. Does anyone know if there is any truth to that?

I think prices will eventually increase but I am not sure if they will reach the levels that they were prior to the foreclosure crisis. I believe this crisis is great for overpriced areas (such as San Diego) because it makes homes more affordable.

I guess it depends on which market you are in. It seems as if renting is the way to go nowadays since there are so many foreclosures and people are losing their homes and need a place to live. I was told that the RE markets that had safeguards to ensure that the people who are applying for loans are qualified are not really being affected by the foreclosure crisis.

Does a renter who has a signed lease have any rights if the house they are living in is foreclosed on before the lease expires?

I am a 30 year old part time real estate investor who has tried his hand at being a landlord but was unsuccessful at that but will get back into that game in a few years. At the present, my brother and I are trying to get into the bulk REO note sales but it has been difficult to find legitimate buyers now that we have legitimate sources.