Updated over 5 years ago on . Most recent reply
Real Estate Progress
Howdy All, It has been a while since I have posted. I am in the process of buying a small town...or so it seems. I am now under contract for a commercial building and a duplex. The commercial building is a 4 unit combo that has two commercial spaces and two residences. The duplex is on the lower end of the spectrum and it is decent. I made an extremely low offer and it was accepted. With this deal, I will be at a dozen doors. Half of these doors are in this small town. I feel that the preparation and gathering of knowledge has been snowballing my opportunities. I made a comment to my realtor friend about looking for a MHP to invest in. Turns out the realtor has a family member looking to sell a small 5 unit park that is lot rent only with no PHOs (think training wheels for me)in another Western Colorado Town. Everything you hear about building a relationship...it's true. Get to know the people you are working with and do a little bit of self promotion on what you are working on or looking for. I wouldn't say I am a huge success, but it seems to be working out. Each deal brings a little more cash flow. I listen to the podcast, read the books and try to tune into Paul Moore on Saturdays. Motivation and taking action will get you a long way in life. I have met some interesting people through bigger pockets. It is good to see that people are jumping into this and taking action in all aspects of their life.
Thomas Hundtoft