Part-Timer Gets Knocked Down, Gets Right Back Up

If you have a real estate investor success story to share, please do so through
our “Contact Us” page. Thank you.

This is a success story of reality for newbies. I started buying foreclosures from the court house steps for rehab, part time in “98”. I work at a full time job and work on my houses on the weekends. I started by taking a lump some distribution from a personal IRA (40% in taxes and fines..OUCH). With that money I have personally supplied all the financial needs of the deals I have done by doing one deal at a time and snowballing the cash. Being a newbie myself (and still am) I bought houses that landed me in court for periods up to over a year.

I was sold a house that the owner that was being foreclosed upon was unknowingly deceased. I even purchased a property that had been sold at a sheriffs tax sell more than a year earlier and the financial institute foreclosing didnt know it was sold. I HAVE expierienced the school of hard knox!! Now comes the success (I think?). In between all the above mentioned experiences, and a couple not mentioned, I did do some successfull deals and I can truthfully say on the good ones I never netted less than $14,000 profit at the close of these deals, and I have never lost a penny going thru the hard knox lesson deals.

Hopefully this is because I have good Karma!! I have put together a cash pool that is 9 times larger than my initial starting cash sum. I am looking to expand my experiences into other types of REI so that I can one day do only REI. Of course, this is only if I can keep from spending it all!! LOL

AVEJOE
Cleburne, TX

To read more real estate investment success stories,  please click the links below. Thanks.

We love your feedback and welcome your comments.
Please post below:

Part-Timer Gets Knocked Down, Gets Right Back Up

Are you sure you want
to log out?