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...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
I attended the Ohio REIA Conference in Fall 2003. I saw Lonnie Scruggs speak about mobile homes. I didn’t buy his books at that time, but realized that their was a potential investing in mobile homes. After I got home from the conference. I opened up the...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
I have successfully completed my first transaction. These folks didn’t have good credit. They were one month behind on their land contract and owed around $700 in back taxes. I took my time and did the CMAs and ordered an appraisal of the property. Their...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
After writing off $39,000 a couple of years ago, I sold an investment property that I purchased for $70,000 with only $1,000 down. The seller let me write my own contract, so I tied up the home for three months with out giving him any payments. I then proceeded to...
by Brandon Reynolds | Jan 29, 2009 | Real Estate Investor Success Stories
Here’s my success story. The story began when I read Robert Kiyosaki’s book, Rich Dad Poor Dad, five years ago, and it ended three weeks ago with my first “easy” deal. (Oh yeah, and dozens of hours pouring over CRE Online Main Real Estate Forum...
