by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
Well, I finally got my first deal done. I did a lot of things wrong, but I learned a lot, and it ended up “good nuff” (as Lonnie Scruggs would say). I paid too much ($3,500 for a 1983 2/1, 14 x 56), put too much money and work into it ($900), and took too...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
Just a typical 120% yield “Lonnie” deal.I bought a nice 1995 two-bedroom, two-bathroom 14×70 in our favorite park for $4,500. I closed on it at 10:00am. Before 11:00am, I had it sold for $13,000 to a good buyer. She put $1,500 down and will make 48...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
When I heard about some apartments for sale in July, I almost walked away from them. For my first deal, I was looking for a two-bedroom/one-bath or a three-bedroom/two-bathroom home, something “easy” for a first-time deal and a novice investor. But I drove...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
I own a quadraplex apartment and was finally remodeling the last unit with my husband. The day was nice so we had the front door open. A young couple pulled up and asked if the apartment was going to be for rent and when. They owned a place and were trying to sell...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
The prices of mobile homes in Riverside County, California are ranging from $20,000 on up, so I haven’t done any deals in parks lately; instead I’ve been doing land/home deals. Before Christmas, I was with my daughter buying some equestrian stuff. We had...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
Nothing motivates a seller like a property that has been on the market a long time. I’d been watching the ads and saw an old office building that was originally listed for $65,000. The property seemed inexpensive for what it offered, so I created a file and...
