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Dennis Treacy

Philadelphia , Pennsylvania


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I have done short sales, land trusts, land lording, wholesaling, and rehab and flips.
Currently own/control, 4 triplex, and 4 houses. I also own a HVAC contracting business.

Experience

I did it the hard, kind of the wrong way, the way every body tells you not to, but mostly because they also did it this way. Lucky for me I made my mistakes in an increasing market, I made money even though I made every sort of mistake. This market will not be so forgiving.

I survived to talk about it, now I am doing things the right way.
Some advice to the newbie, don't start out doing it the wrong way. Don't try to re-invent the wheel.
Do not buy any courses from real estate guru's if they show you pictures of mansions, piles of $100 bills, or drive a Lamborghini, most made their money selling courses.


Real Estate Goals

To buy the entire block


Currently Seeking

2,3, and 4 multi units, they must be distressed in condition or ownership.

Presently I do not care about appreciation, only cash flow. I have found that any viable rental property, if correctly managed will appreciate, especially if it was bought right.


About Me

Began Investing January 2005
Member Since July 29, 2009
Website

Statistics

Last Active 7 months ago
Forum Posts 81 posts
Influence 934
Referrals 0

Comments (1)

Comment_thumb_avatar-biggerpo

I love the quote in your forum signature, Dennis! "The best deal I did, was the one I didn't do." Fantastic!

01:54PM on August 22, 2009 · Joshua Dorkin