Palmdale, Lancaster, Antelope Valley Veteran Investor

Palmdale, Lancaster, Antelope Valley Veteran Investor

Real Estate Consultant · Lancaster, CA · Member since 2014 · 423 posts · 223 votes

My name is Michael Evans and I was a real estate investor from 1997-2005. I used to enter into pre-construction purchase contracts for SFR by putting $3K down, wait 3-6 months for them to build the house, close the deal with $10K out of pocket cash, turn around and sell the house at the then current retail market place. Houses were appreciating by $30K and I would do Sell By Owner and make a profit of $15K - $40K each house.

I am looking to dust off my real estate investment model, update it and get back into the game.  I also did the same thing with homes in Texas (Frisco).  I'm looking to purchase tax lien certificates in Texas.  I have a degree in Economics from Loyola Marymount University and I believe in building (testing) investing systems based on economic data. I am also very good at managing money (current CFO for Santa Barbara County's Mental Health Department where I manage a $106 million annual budget). 

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  • Jerry PadillaBusiness Member
    Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
    12y

    Welcome to BiggerPockets! There is a lot to learn on this site. It looks like you have been very successful in the past. I have always wondered if you could make a profit by building a home and reselling it. It is some thing that I have thought of doing in the past.

    If you have any questions regarding financing I would be glad to answer!

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Michael Evans thanks for introducing yourself! It's great to have experienced folks join the site! We always are looking for more help answering questions here in the forums, so anytime you can jump in and offer advice, we'd love it!

    Oh - and if you haven't yet- be sure to setup some "Keyword Alerts."

    Seeya around the site!

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