Building a Real Estate Company

Building a real estate company is not easy however if done right the benefits outweigh the cost of entry. Up to this point we have been using our own capital to fund our acquisitions. In order for our company to grow we needed to seek out investors interested in buying into our current portfolio and then using that capital to purchase more properties.

After a few months of planning and negotiating our first international investor from Israel, Monte Silver, flew out to Los Angeles to inspect our portfolio of 4-plexs in Bakersfield.

As soon as Monte arrived in Los Angeles we waste no time in getting down to business. We drove out to Bakersfield and spent two full days visiting all of our properties and some prospective new properties that recently came on the market. Monte was very astute and talked to many of our tenants, local business owners, redevelopment agencies, maintenance crew, property management, and anyone else he could ask questions to.

We are happy to report that our efforts have paid off and we are in the final stages of negotiations with our investor. We plan to acquire two more properties with his investment capital over the next few weeks.

Category:

Education

Tags:

• Bakersfield
• REO
• Real Estate

[peterwatson12]

I love this series....Keep them coming! Very informative.