Archive for July 2016

Profit Strategy: Buy, fix up and hold. Number of Units: 16 Amount Earned: equity & 30% commission Prior Experience: Was a loan officer in mortgage industry for several years, then got real estate license, focusing on “short sells”.  He then began acquiring SFHs needing light renovation, which evolved into properties needing heavy renovation, which then…

Quick Facts: Profit Strategy: Got property under contract for $165K and sold to buyer for $181,500, resulting in 10% flip fee ($16,500). Number of Units: 3 Amount Earned: $16,500 Personal Money Invested: $0 Prior Experience: Some background with single family, not commercial.   Here’s his story: Like many of those who find success in small…

Profit Strategy: Buy & hold out of state using property management company Number of Units: 12 Prior Experience: None.  He had attended other real estate seminars in the past, then did this first deal 1 month after attending Lance’s BMSA LIVE boot camp. Personal Money Invested: $0.  Found private investor. Single most important thing learned: “The…