Re: Houston REI Clubs - Posted by MartyB
Posted by MartyB on July 27, 2001 at 14:15:11:
Thanks for the offer. I have to wonder though (from Terry’s comments that follow your post to the board) if this is just a canned response. BTW, OK if it is.
So I guess that means the next club meeting is Sat Aug 4. Sounds fine to me.
As I mentioned in my post, I am totally new to REI. I am a 20 year financial and investment professional, but I have been looking for a way out of the corporate rat race. Started wondering a few weeks ago (after seeing a couple infomercials on late night TV - guess who?) how you could really make money in RE without speculating. I knew a little about seller-carry type deals, but it seemed far-fetched to me that any seller would really do this.
Now, after reading a ton of info on CREonline, the idea seems to boil down to a few simple items:
Find very motivated sellers to buy well below MV and use creative structures to get them out (and me in) an interest in the property. I can see that this is gonna take a bit of work, a lot of learning and a huge list of contacts so I better start now.