Who's on first? I wish it was me....
Me - Always loved Real Estate/Architecture. I came into a small inheritance and purchased the home I now live in outright for under $20k out the door. No major repairs needed. I got very lucky.
I
was able to retire in my early 50's because of this. I have the time
to research finding properties that are sold at great discounts so
they don't last long. I am not a wholesaler just a researcher. I want
in the game to do deals.
Over
the last 3 months I have run across some crazy deals. Most do need
major repair and all in all are great deals for the person with the
cash.
12 unit for $99k – Guesstimate of about $200k in repairs
28 room convalescent hospital for $78k – Updates cost would
depend on what it is used for. Plumbing, electrical and roof in good condition. Features outdated.
2 level commercial unit $25k.
previously 2 businesses on first level with 2 unit
apartments on second level. Major repairs $125k
3 unit $3k Major repairs $130k
There have been more....
I
do have a little cash, great credit, and no income worth mentioning
which is why I haven't done anything with the above mentioned
properties.
My
question is how can I make money bringing these deals to investors
and not get lost in the process and walk away with nothing.