August 2, 2006 Episode. Rita is an Ijlal Inner Circle member and a part time real estate investor in Michigan with a very busy life ; kids, family, and full time job; and yet she displays a sense of businesses that I find lacking in most full time real estate investors.
There are two important parts of this interview that stuck me as very unusual:
1. She is very flexible in her business strategy toward buying and selling bank foreclosures. Started looking into rentals, ended up in flips and now added lease options to her arsenal. The last deal she did is around $40,000 payday. It is her only fourth or fifth deal so that is pretty awesome. But the idea is do whatever it takes to close and get a check.
2. What she is doing right now in Lease Options and if you pay close attention you will see a very smart strategic business plan of actually guaranteeing that the tenant-buyer will close on the deal 12 months from today. I wonder why most never thought or implemented this as methodically as she is doing.
Here is the link that you can cut and paste in your Podcasting software like iTunes or iPodder to get all future episodes automatically:
http://markijlal.hipcast.com/rss/mark-ijlal-michigan-real-estate-foreclosures-investment.xml
If you want to download this Podcast to your local hard drive for future listening pleasure, right-click on the link below and select SAVE AS to save the MP3 file:
MarkIjlal-August2-2006-Michigan-Real-Estate-Podcast5
Tags:
michigan, michigan real estate, michigan foreclosures, michigan foreclosure, short sale, short sale michigan, michigan hard money lender, mark ijlal
