All Forum Posts by: Robert Lorenz

We all have different experiences and expectations,  and results will vary... but what happens if everyone just gives up and declares these people and the areas they live in lost causes?  If that really makes you more comfortable, then don't invest in those areas.  It's not for everybody, and no one will think you're a bad person for it.  The fact that this conversation has gotten as far as it has is testimony enough that there are many facets to the discussion. There is also the fact that not every attempt is successful. 

That doesn't change whether or not it can be done.  It HAS been done, and is still being done in America and abroad.  Mistakes will be made... I don't know about you but I make mistakes every single day.  But I try to learn and grow from them, not use them as an excuse to give up and walk away.

http://m.yourinvestmentpropertymag.com.au/buying-p...

http://homeguides.sfgate.com/real-estate-investing...

http://www.whatworksforamerica.org/ideas/fighting-...

start there

Jimmy Carter ;)

@David Coleman & @Ian Tudor thank you

@Paul Timmins on the nose, I bought my home with NSP funds...$15k forgivable to stay in this freshly rehabbed house with all new appliances, plus another 5k from the county.  NSP went away in Phoenix, but another great program came in right behind it, and there others still to be had.

@Dawn Anastasi if I write into my business plan (not a non-profit, btw) some basic financial literacy counseling (Financial Peace Uni comes to mind, churches all over the nation do it in English and Spanish) as an offering for those buyers/sellers willing to take it, on MY dime, am I not improving the area by investing in the person?  If I focus on the area heavily and exclusively, and make it part of my company mission statement to change the neighborhood by investing in the people as well as the real estate, does that make my business substantially less profitable or scalable?

I see signs all over the place for "House for sale, $5000 down $1000 a month no credit check no qualifying."  I know what that is, and I know what kind of person would sign up for something like that, because I was born as one, raised as one, and am still scolded and criticized by one (my Poor Dad).

@Madeline J. don't be discouraged.  You can do anything you set your heart and mind to do.  Just educate yourself and network with like-minded people, and don't lose sight of your end game.

I'm also interested in improving the blighted areas of my city, starting with my surrounding areas.  Funny thing is, when I start talking about it to investors, I largely get ignored and that's the end of the conversation....

I'm going to do it anyway, regardless. If you have a deal you can't handle try to pass it on to someone else. If it's a good deal, it will get picked up by someone . Learn as many strategies you can, and start networking with local charities and government agencies that provide assistance to families in need. Use them in your marketing, and join your REIA and Chamber of Commerce. Try to have an answer to every problem you can think of that you might be able to help with (renters who want to buy, sub2's, options, job training and placement, hunger/health issues, etc). The more impact you have in the community you're working in, the more credibility and traction you gain, and the more value you create.

That's my plan and I'm sticking to it.

do a bp search for "subject to"

You can do a sub2 and offer them full price for the house if they can wait a few years for the check.  Check out reiclub.com, the guy also writes for BP.

plus two for me, the wife is coming and an associate I connected with at PREC Tuesday night.

Where are you looking to be, location-wise?  I have plenty of contacts in town I can set you up with, for almost any credit or payment amount.  You will pay extra for short term rentals. 

You ok with livable fixer-uppers?  I have probably 3 people right now I can call to get you squared away.  If you want a dirt cheap month-to-month,  I can have you moved in probably this weekend if you're cool with South Central Phoenix.  PM me and let me know why you think you can't buy a property now?

ug, phone... sorry