WE PURCHASED $500K OF PROPERTY WITH NONE OF OUR OWN MONEY
Since joining
prosper inc in May 2007, we have bought over half a million dollars worth of real estate with absolutely none of our own money. My husband quit his job in Dec 2007 to do real estate full time. We are expecting our third baby in April 2008 and this year looks even more promising than ever!
We have partnered up with Roly's dad to do rehabs...we find the deals, and design, buy, and organize, and then he puts up all the money for the mortgage and rehab costs. Plus, Roly and his dad will work full time on the houses (they are both REALLY handy!) so we plan on doing at least one every two months for this year.
Now that our investors know we are able to do what we intend with our deals and make them $$$, it will be sooooo much easier to get money to fund our next deals. We plan on doing quite a few hard money loans this year, and hopefully move into one of our rehab homes or a home that we have foreclosed on (though I don't wish that on anyone!).
Real Estate is perfect for us, as Roly gets bored of anything really easily (as do I)...this is a lifestyle that is always expanding our knowledge and comfort zone! We really enjoy Real Estate!
Nathalie & Roly R.
Winipeg, MB, Canada