OfflineHave been an investor for about 15 years. I still have my first investment in the form of a 1031 exchange. I did not sell it in time before I moved from California and it is now worth half of what it was in 2005.
| Title | Poster | Replies | Updated |
|---|---|---|---|
| Dean's Finance Center | dgadmin | 287 | 9 years 10 weeks ago |
| Cash Flow | TomScott | 8 | 15 years 42 weeks ago |
| Classified Ads | TomScott | 5 | 15 years 48 weeks ago |
| need financing | lbrown | 4 | 16 years 1 week ago |
| My Possible Deal | TomScott | 2 | 16 years 6 weeks ago |
Hi Elena...
Thank you for the response to my response. That was not the only experience I had. I tried to get the guy next door to the duplex to work with me so that we could fix up both of our duplexes together to save each of us some money. He had the identical duplex as mine...but only had one renter and she was always high on some kind of drug and never would give the owner by business card. After a while I saw the duplex for sale by the bank...they had foreclosed. I got my agent to make them an offer and suddenly found someone else was interested and matching my bid to the bank. I wound up buying it for $15K under what I had paid for mine next door. I got an FHA loan and only had to put down 3%...I think my closing costs were more than the down payment. I now had two duplexes side by side. Remember the broker...he got ahold of me and wanted to know if I wanted to buy his duplex...which was ironically on the other side of the first duplex...but I passed because the area was not the best neighborhood and I thought two was enough for the area. Tom Scott
I posted last night for the first time and never saw the information hit the site. There is a web site for those that are not sure what market rent is in their area. It asks you for the address, city, state, zip code and the size of the rental. After that you put in the rent and it shows on a meter whether you are HIGH or LOW! Check the site out at: www.rentometer.com.
Tom Scott
Great website, thanks for sharing Tom, I sure appreciate it. I told you that you'd be teaching me a few things. 
I knew it!! I'm all ears whenever you feel like sharing... Looking forward to hearing more from you.
Continued blessings for you,
Elena 
Hi Tom!
Welcome to the DG family we're very happy to have you here! What a great story! I'm so glad you mentioned that you were a Senior citizen, because we've had others on here asking if they were too old to start investing. I think you're NEVER too old to start, look at Moses!
Your posts will be an inspiration to them... Sounds like we could learn a thing or two from you!! Thanks for your contribution, I look forward to hearing more from you.
God bless you,
Elena