Commercial Real Estate Investment Articles

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 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.

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.

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.

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

First off I would like to start off by thanking a few people that really helped to put this deal together: Angel Gutierrez, for helping me to think outside the box, and Ed Garcia and Terry Vaughan for allowing me to attend their How to Get Lender’s Fighting to Give You Money Workshop, without which I would never have met Angel.

Thank you to the many friends I have made on this site. I was lost just trying to make my way in the world with a wife and two small daughters. I have been reading the message boards on the site for almost two years. Finally, I realized what life was about when I woke up from a bad dream. It was called MY PAY DAY.

My name is Derek Pierce, and I live in Alabama. I have just taken one of the biggest steps in my life by becoming a full-time real estate investor. First of all, I always thought that I wanted to be a corporate man and hold a big title with a big company. After about a year with a wireless phone carrier, I discovered that it wasn’t for me.

I just completed my first mobile home deal. Here is how it went…

Although I have dropped by the CRE Online website every now and then, I have never submitted anything. I am a fence-sitter who has enjoyed some success at real estate investing and also got a little big headed and suffered through a couple of deals that proved to be less than profitable.

I walked into the mobile home park manager’s office, introduced myself, and spoke like I knew what I was talking about. She gave me a list of homes that were going to be tax auctioned, she gave me a list of repos, she gave me the confirmation that she would basically approve a tenant if I would approve them for a loan.

I finally sold my first mobile home deal last week, and wanted to post a success story, but really this is a story about how important the park managers are to one’s success.

I thought I would take the time to tell you a bit. I went to the CRE Online Convention in Atlanta. I listened to all and bought Ron LeGrand’s material. After several months of preparing and learning, I did a deal.

I started back in July 2002 trying to learn about creative real estate investing, but I did not go out and make any offers until February 2003. It was not until this week that I got my first deal done and under my belt. One evening, about three weeks ago, I was discussing with my wife the fact that I was frustrated with the “business.”

I wanted to share a recent success story of mine. After reading a few books on creative real estate investing, I made the decision to try and go for my first deal in real estate. I was skeptical because I live in one of the most expensive counties in the U.S.

I made an offer on a duplex that was trashed by one of the tenants, and the owners lived 40 miles away. Apparently, they were overwhelmed by the “problems” caused by the tenants.The asking price was $79,000.

I wanted to submit a short example of two of the successes my partner and I have had “flipping” mobile homes. At the beginning of this year, we purchased a used 1975 mobile home for $800 and resold it on a contract for $5,000. As of next Monday, we will have recovered our investment and have a 50% profit already, and this is only the first six months of the contract!

I should have written this a long time ago. I have been reading the CRE Online website for a couple years or so. There are several areas of real estate investing I am going to work on, and all of them I learned about from this site.

Well gang, I am ashamed to say that I have been in the mobile home industry for over nine years either as a salesperson or a manager for large retailers. I went into the used mobile home industry three years ago and have had my own dealers license for the past two years. I have focused primarily on selling pre-owned homes in parks and getting them finance through lending groups (with the occasional land pack thrown in for good measure).