We were both laid off in the summer of 2002. Luckily we started dabbling in the area of real estate investing and finally in summer of 2003 we were blessed to attend the course by Robert Allen.
We have done more than 8 total deals and made an average of $100,000 on each of them. I have done various other with OTHER people as partners and made a fee on those deals averaging $25,000 each. That is the real money that I have used to live on and put down when required to for my own deals.
I normally do a 95% financing and since I buy 10-20% below I am able to get the property to cash flow positive.
~ Tuesday, April 19, 2005
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