Reese on July 30th, 2008

Reese here again, earlier this month I posted about the apartment building I was buying in Dekalb County, Georgia. Everything is going nicely and the closing is scheduled for August 9, 2008. I am very excited.
With Tim’s help, I lined up a great manager to watch over the property and I am lookinge very forward [...]

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Continue reading about Closing in a Few Weeks

It has been a month since I last posted here, but it has been a busy month!
In my earlier posts Tim asked me to stay vague about the type of properties I was looking at and I did as he asked.
Now, I am very close to getting a signed purchase contract for an 18 unit [...]

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Continue reading about With Tim’s help, I am negotiating my first purchase.

Reese on June 2nd, 2008

Tim suggested I spend the weekend looking at any and every property I could find for sale in my target area. He further suggested I not make an offer, no matter how tempted and that was the hardest part.
There are some great bargains in my area. At least I think they are bargains. I so [...]

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Continue reading about A weekend of looking at properties.

Reese on May 26th, 2008

I know it looks like I haven’t kept up with my posting, but life got in the way.
Almost two weeks ago I got an unexpected phone call about a close relative who was in the hospital and not expected to live. They didn’t and I barely got there in time to say goodby. Then there [...]

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Continue reading about It’s Been Almost 2 Weeks

Reese on May 13th, 2008

After my call with Tim this morning I was off to meet with the manager of my bank during lunch.
That was an eye opening experience. I have great credit and reasonable assets for a guy my age, according to the loan officer. If the asset supported it, I would qualify for $325,000 at 5.75% if [...]

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Continue reading about That Went Well.

Reese on May 10th, 2008

My name is Reese and I found Tim through the realestateinvestor.com site. I am very happy I was able to convince him to work with me.
I am 29 years old, unmarried, with a good job. I want to get married in the future, have a family and good retirement.
During my calls with Tim last week [...]

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Continue reading about It begins