All Forum Posts by: Tiara Murray

Actually, here in Detroit, that is very realistic.... there are still homes here that are going for less than $5,000, nice homes, in great neighborhoods. But I didn't mean in 5 years, I meant later down the road, after the 5 year threshold. I was just wondering about my options if I ever wanted to switch industries and get into something else. I probably won't because real estate is so exciting. I think people tend to think really localized when thinking about real estate. Everyone assumes because of the down market that every place is in turmoil, or if the market is looking up, that everywhere is looking up. Michigan and Detroit in particular is a goldmine for properties netting $500 in NOI, I'm just glad that I am here to take advantage of it.

I've been looking into the future lately, maybe 5 or 10 years down the road. I was wondering what happens when I want to sell my real estate business. Lets say I've built up enough business to net around $3 to $5 Million dollars per year, but now I'm not interested in real estate anymore beyond passive income as a landlord. What then? Do I dissolve my business- selling off all the assets and keeping all the cash, or do I sell it to someone looking to get into the real estate business and has the capital to buy my business? Or do I sell it to a big regional or national real estate investment company looking to expand into a new market? Any suggestions? What would you do?

Tiara

Hey Darryl,

I'll trade EBooks with you. I have Steph's. If you send me a copy of Preston's, I'll send you a copy of Steph's, how does that sound?

Tiara

Hey Brian, Can you PM me the link to your organizational chart of virtual assistants... and tell me how did you pick them? How did you determine who got what task? Did you have to train them as far as marketing your properties goes?

I see. I guess I had this romanticized dream that I would be able to walk into a building with my company name on it and have VP of Acquisitions, Project Managers and a Sales and Marketing team answering to me. lol, I've always had those type of dreams. I guess I should start off small and use virtual assistants like everyone else lol.

Thanks Curt, I appreciate your honesty. It only motivates me to go into 2010 kicking down the door!

Thanks Chris, sometimes i get carried away on planning everything that I sometimes forget that simple marketing can be just as effective as a massive marketing campaign.

Birdogging pretty risky being that it it practicing real estate without a license. There is no way that I could guarantee that I will be paid for my services.

Yes, I've heard of Google Voice, I just realized that it was a free service.

Hey Mark what title companies do you recommend in SE Michigan that are investor friendly and willing to do Simo closes on REOs or FSBOs?