Commercial Real Estate Investment Articles

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.

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

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.

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.

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.

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.

We did it! After two appraisals and many phone calls, we are set to close on our first real estate investment. We purchased a bank REO (real estate owned) for $15,200 and sold it after a detailed remodel for $42,400.

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

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.

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:

I had purchased a course on buying real estate “subject to.” I had it for three months before I decided to do something with it. After I stopped procrastinating and decided to take action, I was rejected twice before I found a deal.

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.

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.

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

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.

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.

I did eleven “no money down” deals in January. I have bought just about every course and read almost everySuccess Story. Finally, I decided to share a little of my success with everyone as well. I would like to remain anonymous however. We’ll just call me Happy in Florida.

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.

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.

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.

My husband and I have studied real estate investing for over five years. We have looked at or owned virtually every real estate investment course known to man. Some were good, some were a waste of money. We have worked with a mentor, and he was quite helpful (and still is when we have a question!

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.

INCREDIBLE! I’m still amazed…I purchased the Carleton Sheets course five years ago, but then got shipped overseas. I just got back to the good ol’ USA in September 2002. I finally started my real estate investing on October 13th.

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.

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