He learned the business from his father.

My father has been a broker for 25 years with the largest privately owned company in our area, and my grandfather owned various pieces of property where he lived.

A Summary of Bobs Situation•Bobs Father Past away in February •Bob has been made executor of the estate•Bob is not quite sure what he needs to do in this role•He has been left a property which is in foreclosure 3 months behind on Mortgage payments•Approximate property value $127,000•Approximately $63,000 is owed on the property•The property has approximately $63,000 dollars equity.

I have the great fortune of having an attorney for a father and an aunt that is a CPA.I am interested in getting started in REI (obviously).

The reason I choose to get into this field is because it seems that cash flow is pretty good.I have worked on renovating homes with my father, He owned 3 homes and I did learn many things.

He would tell me sales prices of houses selling for 500k-1M on Grandview Ave in Pittsburgh he had the chance to buy for 50k 30 some years ago.When i was about 18 i started looking for my first project(rehab) hoping if i found the right deal i could sell it to a family member there were 4 amazing houses i came across but could not sell the idea to anyone there was even one house an old lady gene a friend of mine was going to sell me for $2500 that was rentable as is i could not come up with the money and she was scammed buy the RE investor i learned so much from he saw a good deal and took it. the house hunt never stopped i started showing more houses to my mom and she became more interested. 2005 was a terrible year along with a slow work year construction wise i lost my best friend, grandmother and father then my house ,car everything but my dog due to funeral expense's i realized life was to short and i would not wait to get into this business anymore i moved back in with my mom and became even more motivated to get a rehab going i showed my mom a property in summer 2006 and she became interested and helped me get the house it was almost condemned we bought it for 6k and brought it back from the dead if you visit my myspace page its the yellow house on the slide show Ive since done 2 more and I'm ready for many more I've decided this wont be a hobby i sleep RE literally. ill live in the streets if that means i can keep building this dream.

My father has been a certified real estate appraiser for about 8 years, and has his own LLC with which he does very well for himself.

Recently a patient of my father's offered to get him involved in flipping, however it turned out the time involved was too much, instead the offered deferred to me.

Commercial RE investor who learned the business from his father.

I have been in the biz for 3 years now and work with my father who is in Fallbrook.