Commercial Real Estate Investment Articles

Jean Vermillion & Gail Patten are equal partners in VAP, LLC. We started investing in real estate in 2002 by purchasing five single-family homes from one seller all at once with seller financing for the down payment. We went to a bank for a regular loan.

When I hit my forties, I figured my wife and I had better start building a retirement account. I figured I’d start with mobile homes because they are inexpensive and provide fast pay-off. I love the idea of someone else paying for my property, in effect giving it to me free of charge.

In June 2004 finally sick of the working class existence and an extended layoff in the construction industry. I wanted to find a way out of the rat race. After a lot of research, reading all the information from Lonnie Scruggs and Ernest Tew I could get my hands on, and along with hours of pouring over the Mobile Home Discussion Forum, I went for it.

I was laid off last year from my corporate job of nine years. After a slow start, I found a good mentor program and started getting deals. I was excited to see that I was able to get deals signed up and cash flowing when I’d had so many people telling me this wasn’t possible.

I’d like to share my first mobile home deal with you guys. I had started advertising for rental homes, not even thinking about mobile homes, when I got the first call from my advertising:

After attending my first Creative Real Estate Online Convention in March 2002, I came home with three programs in hand ready to start my investing career.

I am no longer a teenager, but I did begin investing in my teens. Here is my story

After posting my first real estate success story: My partner, Rick, had met with the seller of a piece of property about two miles from my home because I was too sick to go. Well after Rick came home he told me she was ready to sign a contract for an all cash closing for $67,500.

Today, I went to the escrow office to pick up the check for my first flip. I got the property under contract for $100,000 and flipped it (double close) to my seller for $123,000. There were a lot moments where I worried a lot about not being able to close the deal.

I just closed on my first “subject to” deal (my third creative real estate deal) and I now have 30K in equity!

Today, I went to the escrow office to pick up the check for my first flip. I got the property under contract for $100,000 and flipped it (double close) to my seller for $123,000. There were a lot moments where I worried a lot about not being able to close the deal.

Four years ago, I was renting a small, one-bedroom house for $250 per month. The owners informed me that they were seriously thinking about demolishing the houses and building two large rental cottages. I live in a resort area on the North Carolina coast and $250 was dirt cheap for a rental.

Hello, my name is Angel LaBell, and I am a 25-year-old real estate investor in Philadelphia. I love CRE Online, and thank you guys for giving me the information to begin a life of financial freedom. I went to my first CRE Online Convention in March 2002. I loved it, and learned so much to get started in real estate investing.

After posting my first real estate success story: $60,500 Profit on a Short Sale Foreclosure, I started working on my first wholesale deal.

In June 2004 finally sick of the working class existence and an extended layoff in the construction industry. I wanted to find a way out of the rat race. After a lot of research, reading all the information from Lonnie Scruggs and Ernest Tew I could get my hands on, and along with hours of pouring over the Mobile Home Discussion Forum, I went for it.

At that point, I knew I had to do something. I still had my full-time job, a family, and no savings to speak of. I knew that real estate investing was the best way to building wealth. So we moved back to Maine in 2002, mostly because our families are here, and I knew that real estate in the northeast was older, and multi-family properties were more available.

I have been doing “Lonnie Deals” now for 4 1/2 months. I remember reading in one of Lonnie Scruggs’ books [Deals on Wheels and Making Money with Mobile Homes] about how he and his wife did a deal over Christmas one year. I had a similar experience.

Just wanted to share my success with your readers. I’d always been interested in real estate investing, but never had the guts to try it (or learn it) until a month and a half ago. I was out with some friends, and one of them was telling us he had just made $7,000 investing in real estate.

After a three-month mentoring program with an experienced investor and asking many questions, I have gotten enough courage to find the following deal:

I have purchased several “nothing down” seminars and books, including Robert Allen’s, Carleton Sheets’ No Down Payment course, and two courses from Joe Kaiser, including The Mechanic’s Lien System. None of these worked in my county, Marin County, California.

Hello, my name is Angel LaBell, and I am a 25-year-old real estate investor in Philadelphia. I love CRE Online, and thank you guys for giving me the information to begin a life offinancial freedom. I went to my first CRE Online Convention in March 2002. I loved it, and learned so much to get started in real estate investing.

I was laid off last year from my corporate job of nine years. After a slow start, I found a good mentor program and started getting deals. I was excited to see that I was able to get deals signed up and cash flowing when I’d had so many people telling me this wasn’t possible.

After attending my first Creative Real Estate Online Convention in March 2002, I came home with three programs in hand ready to start my investing career.

I have been doing “Lonnie Deals” now for 4 1/2 months. I remember reading in one of Lonnie Scruggs’ books [Deals on Wheels and Making Money with Mobile Homes] about how he and his wife did a deal over Christmas one year. I had a similar experience.

Although I have many others to tell about, I’d like to tell you about my favorite success story. I found a property that had a county code enforcement lien on it, which was for initiating demolition proceedings. The lien was for a little over $1,000. I sent a letter to the owner only because I couldn’t find her phone number. She called me, and we met at the property.