All Forum Posts by: Ali Samana

congrats mark...it feels good anytime you can check one off of your list. I am still working on my big goal for this year!

417,

would you please keep us posted of your successes form this on this thread. I am also looking to purchase pre-nod leads but not sure who a good vendor is and what kind of a response to expect.

Thanks in advance.

I would also look and see what the rehab would be. If the rehab is 15K, then I wouldn't pay anymore than 77k for this house.

It would also depend on your exit strategy on this house. Since the comps are more than 3 mos old I would assume the houses in that area might not be moving, so what would you do to entire buyers?

+1.1 in 2011 for Corpus Christi...woot woot

Hi,

I am an avid reader so I have read most of the 'normal' RE books (rich dad poor dad, think and grow rich, millionaire next door, finish rich etc.) I am currently reading Trump strategies for Real estate by George H. Roos. Its a great book, but I am looking to see what I want to read next. So,

What was 1 book that influenced you the most?

Great response Jon.

A broker was dismayed when a brand new real estate office much like his own opened up next door and erected a huge sign which read 'BEST AGENTS.'

He was horrified when another competitor opened up on his right, and announced its arrival with an even larger sign, reading 'LOWEST COMMISSIONS.'

The broker panicked, until he got an idea. He put the biggest sign of all over his own real estate office. It read: 'MAIN ENTRANCE'

A couple gets married and goes on their dream honeymoon. They decide to start their day off playing 18 holes on the beautiful golf course. The wife gets up on the tee and slices, breaking a window of one of the mansions on the course. The couple felt bad, so they went in to apologize. When the husband walked in they were surprised to find a broken bottle by an end table, and an older bearded man laying naked on the couch. The husband apologizes to the man who in turn thanks him and says "I was a genie trapped in that bottle, thank you for freeing me. I have been trapped for over a hundered years. As a thank you, I would like to grant both of you one wish, as long as you in exchange you also grant a wish for me". The husband and the wife agree. The hsuband asks for 150 million dollars, the genie blinks and says done. You will have 150 million dollars within minutes. The wife asks to have a house in every city in the world, the genie blinks and says done.

Now, the genies in return asks "it has been over 100 years since I have been with a woman, in exchange for your lavish gifts would you let me be with your wife?" The husband looks at the wife and says well we did get all the houses and the wife thinks we do have all the money...so they agree.

4 hours later, the genie rolls over and asks the young lady, how old is your husband? the wife responds 26...he chuckles, and says "wow...he's 26...and HE STILL BELIEVES IN GENIES!"

Thanks for the post, any other ways besides this of cashing out the equity?

Kudos though for coming to this forum and asking before just jumping into the deal.

As for buying something in that area, I am not sure about your market but you might want to look income areas becasue they typically have affordable housing that cashflows properly.