5/25/12 IMPORTANT ANNOUNCEMENT: MAJOR BP Update Next Week!

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Karen Morison

Virginia

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Married to lawyer, two teens with tuition bills(!). Successful businesswoman for many years. Expert is use of Social media and related tools for business marketing. Expert in federal government grant programs, author of two books, and experienced grant reviewer.

Experience

Bought my first rental/rehab in 2008. I own three rental SFRs, and one 12 unit apartment building which I've had for 3 years. I've been through every guru's training. Also work with NY hedge fund to provide bridge loans to troubled firms. Worked with banks to get REO lists which I helped a client buy 2 CRE properties.


Real Estate Goals

Expand our commercial real estate portfolio to include mobile home parks in the mid Atlantic and Southeastern US. I've been trained by top experts in managing and adding significant value to mobile home parks, making them a highly profitable investment (20+ cap rate).


Currently Seeking

1. Seeking to purchase a mobile home park in the MidAtlantic and SE US.
2. Seeking to sell a rental property that provides $5,400 a year to investor, with long term tenants in place and great management. Need cash for a commercial purchase. Price $25,997, valued at $35,300.
3. Seeking to sell our 12 unit apartment building late this year or early 2012. 10 Cap, Price will be estimated $325k.


About Me

Began Investing November 2007
Member Since June 04, 2008
Website

Statistics

Last Active 6 months ago
Forum Posts 12 posts
Referrals 0

Comments (2)

Comment_thumb_avatar-wahoo

Pete, I've noticed the popularity of Phoenix. I'd be interested, too, but we figured we do better when I buy closer to home, within driving distance or an easy flight. So I'm sticking to sticking to the Southeast and the midAtlantic. But there sure seem to be some great buys in AZ. I like Florida, too!

04:28PM on November 21, 2011 · Karen Morison

Comment_thumb_avatar-pbnewcome

Karen - you seem to be fairly adept in r.e. Right now I'm confining myself to multi-family properties in Phx + Tampa/Orlando. Check out Phoenix - it's the next "big thing". Thx.

03:57PM on November 20, 2011 · Pete Newcome