All Forum Posts by: Catherine Davies

Thank you Mark -- lovely webpage!

Hi all,

I'm working to find a list of commercial property owners in my area. Anyone have any recommendations of low cost list generation options?

Danka.

This question has been re-posted in General Real Estate Investing. Thanks.

Hi, thanks for checking out my post.

My husband and I, along with a small investment team are ready to scoop up some investment properties.

I’m a beginning investment real estate agent; he is a general contractor (property management pro).

We are ready for deals.

We have raised $60,000 ready to invest. We are interested in discounted properties (short sales, and negotiating with lenders/distressed seller’s in pre for-closure, via les pendens filings). We are interested in buying primarily duplexes around the 200K mark, and single family in the 75-100K arena. Buy and hold investment strategy.

My Question: How do we stretch our investment dollars the furthest? I.e. it will be easy for us to acquire 1 property via short sale with 60K, but how do we acquire, 5? Or dare I say 10 investment properties with only 60K?
Looking for Creative Financing structures and appropriate legal structures here and not any Negative Nancy comments.

After initial discussions, it sounds like it will be best to form a business and acquire a blanket loan. But wanting to hear what you creative financing experts think on the matter.

Thank you in advance for your insight and help.
Catherine

Hi, thanks for checking out my post.

My husband and I, along with a small investment team are ready to scoop up some investment properties.

I’m a beginning investment real estate agent; he is a general contractor (property management pro).

We are ready for deals.

We have raised $60,000 ready to invest. We are interested in discounted properties (short sales, and negotiating with lenders/distressed seller’s in pre for-closure, via les pendens filings). We are interested in buying primarily duplexes around the 200K mark, and single family in the 75-100K arena. Buy and hold investment strategy.

My Question: How do we stretch our investment dollars the furthest? I.e. it will be easy for us to acquire 1 property via short sale with 60K, but how do we acquire, 5? Or dare I say 10 investment properties with only 60K?
Looking for Creative Financing structures and appropriate legal structures here and not any Negative Nancy comments.

After initial discussions, it sounds like it will be best to form a business and acquire a blanket loan. But wanting to hear what you creative financing experts think on the matter.

Thank you in advance for your insight and help.
Catherine

I was recently contacted by a man who said he has fallen behind on his mortgage payments and asked me to buy his house. Almost immediatley he let me know the exact amount he owed to the bank and described the property and asked if I would buy it. As I am new to RE investing, my immediate concern was “why me?†– felt there was a “scammy†feel to it. He said he wants what he owes on the house and doesn't care to list it (even though he could get double for what he is asking). When I inquired how he was referred to me he stammered “someone told me your name, I don’t remember his nameâ€. However, as I am just starting out, my network is rather small – and don’t see a referral for this work as a likely scenario – I see it more likely that he found my name off of this site or a similar site and is preying on newer investors/agents. Has anyone else has run into a situation like this? Beginners luck or scam? Appreciate your input!