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All Forum Posts by: William Reeves

William Reeves has started 2 posts and replied 2 times.

Post: FIND, FUND AND REPEAT

William ReevesPosted
  • Professional
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Hey gang, forgive me as i attempt to make my way around this site. As i stated before in my into. i am starting my RE career again after building it up to a million from zero money but a wealth of determination, lost it all in 08. Even though I do have experience in RE and am somewhat knowledgeable when it comes to most areas. I am self learned and am continuing my growth. Currently i started my own business marketing myself as a management company. I have 8 years in property management experience and in order to raise capital for my RE investments. I have part of my team a broker and a title rep. I am seeking capital. I am currently making offers on fixers, flippers and need seed money and GAP funding. I know how to identify these properties and do the market comps. I have access to contractors as well. I would like funding based on the property and its potential, as my credit is to say the least unappealing. My interest is in many areas of the RE market. I live in Los Angeles currently and know the area well. The development is souring. I would like to get into this market before it reaches its peek ( very soon). Im not afraid to take chances. im also looking into investing nationwide. I can put together packets for potential investors when i find property. I am willing to do any type of deal from percentages to moneys on the back end. Im very interested in raw land to develop into condos, as well as apartment complexes to condo convert. I would also like investors for buying and holding cash flow properties. I know there is a lot of wants here, but please feel free to contact me and discuss further, Like i said i am re-building my team and want to secure POF so when i find properties i can move quickly. I have a good sense of what i am looking for and will make lots of money for anyone who backs me. I am very confident of that. I have every intention of honestly and integrity. My goal is simple, make money for myself and my family and make money for everyone else. There is plenty out there and i am not greedy, i am ambitious and driven but by no means an opportunist. Thank you all for your time and lets makes some money and make the world a better place.

Post: HELLO! FELLOW RE INVESTORS!

William ReevesPosted
  • Professional
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Hi everyone, Fist and fore most, i am very grateful to be given this second chance, so i guess the best place to start is to just give you a brief introduction on myself. I came to LA in the 90's and i began my Path in RE through self teaching. I had an intuition, it was more than just a hunch, i knew this was a place that was ready to explode, i had no idea why or what i was doing, but i was determined to do it. I had this drive , this passion to own property in LA. But the only thing , i was naive, ego driven and had no money. But where there is a will... i found a way. In 03 i did it, no money, no credit, but i had a pulse. i bought my first property, a 4-plex DTLA near USC. it was to say the least, quintessential LA in 03. I still had not a clue what i was in for. I somehow by luck had managed that place very well. Even when no one in their right minds would go downtown i was in hog heaven i knew i was in the right place and loved it. And to be honest i am not a numbers guy, i made every move based on my intuition, and it paid off. in the sum of less then 5 years my little piece of the pie jumped from 300,000 to almost 800,000 in equity. I still had no clue what i was doing but i had a vision. SO i took that equity and i used it to purchase another business, a laundromat. And it too was a cash cow, it brought in over 30k monthly, i remember fondly driving my sports car around town with 30k of one dollar bills in the trunk to the bank. Now to me i had arrived. I came here with nothing and 10yrs later i had 1mil in equity between my property and laundromat. My 4-plex was positive cash flow and i thought nothing could go wrong and i was on my way to building my Real Estate empire. Then 08 came....I guess my naivete' got the best of me. There is no such thing as ignorance is bliss, because the aftermath of 08 had taken its tole. In the span of less than two months i had watched my life systematically unfold before my eyes. Everything i worked so hard for in the last ten years up to that point had vanished before me. I had done this all on my own and had no one or nothing to fall back on, i soon watched many friends vanish just as quickly. I know my experience was one of thousands, but this was the biggest kick in the stomach i had ever had. The next five yrs proceeding i sunk into a dark hole of nothingness. The friends i had left only told me "I told you so" that didnt help. Then the creditors and law suits, and collections and the list goes on. I wont go into too much gloom and doom. But as picasso had his blue period, id say that was my black period. I basically fell off the radar. I couldnt get work, because of the garnishes. All my bank account shut down. Essentially i was not part of the system anymore. It was very isolating. Again without going too deep. IT was the most painful lesson ever. It has taken me to this point to gainn the strength and courage to face it all over again. I lost a piece of me in 08, it wasnt just property and money. When i took the course and the first thing i was asked was what was my reason. My reason is that piece of me i lost. Not that i will ever have that back , but i want to be able to let it go. that piece was never afraid of anything. In summation, i found this place, by faith when i was lost. I never use to ask for help let alone desire sympathy, its just not in my nature. So i am putting it all out there not for any pity at all, but in hopes that my story can inspire someone else as .THIS has inspired me again. I am ready for anything. After you lose it all, everything else in life seems a piece of cake. What i have gained from my experience has only made me more driven than ever. Im ready for anything that comes my way. I still dont know it all, but thats ok, i am re-building my network of people, not to mention learning the numbers , crossing my T's and dotting my I's so the next time life kicks my *** ill be waiting. Ok i thought this would be a brief story, but somehow its turned into an excerpt. So i digress, thank you for reading and God, Allah, Buddha bless you all. In summation, here goes nothin! If you are interested in investing with me let me know, id love to make any kind of deal with you, as i am re-building my RE portfolio. I currently am researching a couple properties that i am willing to go 50/50 0n just to get in. Huge potential. t