With the real estate bubble busting, or has burst depending on where you live in the country, or your point of view. There has been a plethora of home that have come on the market, yes most are foreclosure.
Long before the burst, this was my dream job. You know that job where you don't mind getting up every morning and going to. When I was a young boy, I would visit a friend of mine, David Haines who was an Architect and he would teach me the ends and outs of Architecture. Most boys my age were either on the football field, or basketball court. David is no longer with us, and I wish I had stuck with it.
My interest in Architecture led me to Interior Design which I think is why I'm so interested in homes more then industrial or office spaces. Anyhow, while I was in college, another older gentleman was in the business of Real Estate, and tried to get me involved. However I was more in tune with finishing school and moving on. This too is something I wish I had taken the time to listen, get involved, and cash in. When my wife and I got married, I stopped in to visit him. He wasn't doing so hot either. I felt that this was my last chance, and gave up the dream.
Until last year, I found out that another friend of mine was in Real Estate. He advised me on a few things I didn't know about the game, but that's as far as it went as I got busy with Windsor and put it on the back burner. Just this past weekend, we were in town for a festival, and I noticed all the buildings I had spoke to my wife about someone had purchased and refurbished. The amazing thing about it is, everything I said that should go into each of these buildings did. I even told my wife when the builder purchased one property that he was going to put in loft apartments, which he did. I even called the price he would charge for each. Although, I told my wife that he would be asking WAY to much for this area, which it was.
By chance I met the wife of the man who is buying up all this property, and she advised that they were way over their heads in debt, which I figured they would be.
Here's where they are making their mistake. They are wanting to make a lot of money. I know, I know, that's what people are in business for, which I agree. She complained that they are only making 5 to 10K on each deal, when they were making 15-25K on each deal. I mean, I'm no genius, but 5-10K on each deal is where my price point is/was, I'm not greedy.
In fact, to show that I love what I do so much. In my own personal business prospectus, I have a plan to GIVE away one house completely furnished each year. Yeah I know, I'm crazy! Don't get me wrong, this wouldn't be to just any old Joe shmoe. It would be to hard working mothers who are in college trying to get off the welfare system.
My plan is to sale homes at low and affordable prices. If I spend 125K on a home, I plan to sale it at 135K. That's so that the Realtor can get his commissions reasonably.
For me, its not about money, but realizing a dream, and giving back a little to the community. If I make a little money in the process, what's wrong with that?
My interest in Architecture led me to Interior Design which I think is why I'm so interested in homes more then industrial or office spaces. Anyhow, while I was in college, another older gentleman was in the business of Real Estate, and tried to get me involved. However I was more in tune with finishing school and moving on. This too is something I wish I had taken the time to listen, get involved, and cash in. When my wife and I got married, I stopped in to visit him. He wasn't doing so hot either. I felt that this was my last chance, and gave up the dream.
Until last year, I found out that another friend of mine was in Real Estate. He advised me on a few things I didn't know about the game, but that's as far as it went as I got busy with Windsor and put it on the back burner. Just this past weekend, we were in town for a festival, and I noticed all the buildings I had spoke to my wife about someone had purchased and refurbished. The amazing thing about it is, everything I said that should go into each of these buildings did. I even told my wife when the builder purchased one property that he was going to put in loft apartments, which he did. I even called the price he would charge for each. Although, I told my wife that he would be asking WAY to much for this area, which it was.
By chance I met the wife of the man who is buying up all this property, and she advised that they were way over their heads in debt, which I figured they would be.
Here's where they are making their mistake. They are wanting to make a lot of money. I know, I know, that's what people are in business for, which I agree. She complained that they are only making 5 to 10K on each deal, when they were making 15-25K on each deal. I mean, I'm no genius, but 5-10K on each deal is where my price point is/was, I'm not greedy.
In fact, to show that I love what I do so much. In my own personal business prospectus, I have a plan to GIVE away one house completely furnished each year. Yeah I know, I'm crazy! Don't get me wrong, this wouldn't be to just any old Joe shmoe. It would be to hard working mothers who are in college trying to get off the welfare system.
My plan is to sale homes at low and affordable prices. If I spend 125K on a home, I plan to sale it at 135K. That's so that the Realtor can get his commissions reasonably.
For me, its not about money, but realizing a dream, and giving back a little to the community. If I make a little money in the process, what's wrong with that?