Updates on what it is like to be an active real estate investor. Also comments and thoughts on wealth creation, leveraging, events etc.
Monday, June 20, 2011
Closing Tomorrow
This is a 3/2 1600 sq ft. home on a big lot in a very nice neighborhood. Sold for $177k in 1993 and we are closing on it tomorrow at $155k. Buyer in place as is (want to redecorate themselves) on an All Inclusive Trust Deed (have underlying investor) for $190k with $20k downpayment.
Full time real estate investor in Vallejo, California. Born in Cork, Ireland and living in California since 1993.
Since housing prices have declined so drastically in my home town, I have been buying SFRs and Condos since last year and doing mostly Rent to Own exit strategies. Work with other investors as managing partner for cash flow and profit sharing.
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