Mark P.

Location:

Houston, TX
Hometown: Austin

Member since:

June 4, 2012

Networks

Are you a new investor or a seasoned investor?

Experienced

How many properties did you buy last year?

Average 10-15 per year, part time

How many properties are you looking to acquire this year?

For the next 12 months. One good C+ apartment complex, (in a B area) prefer 50 or more units, for under $20,000 per door, with 75-85% Occupancy & minimal repairs. One million or less purchase price. Also 12 houses as follows. (One per quarter) 4 new houses to keep as long term rentals, with $30,000+ Equity & $300+ cash flow each. 2 rehabs in very hot areas with average 30-45 DOM. Minor rehab, under $20,000. Buy/Rehab/Retail in 60-90 days for $25,000 check, "NET" after all expenses, including paying an agent. $50,000 cash on two. Next 6 wholesale deals with an average $5,000 Net Profit on each. $30,000 cash.

What areas do you want to acquire properties in?

Mostly Kansas City Area, I like Johnson County, Kansas for long term "keepers", my average house is between $80,000 to $120,000 ARV. Also buying in Des Moines, Iowa, Houston, Texas, and about 5 Texas markets. (I will buy anywhere in Missouri if the deal is good enough. (If you get a lead out of your area, and it is a very motivated seller, instead of throwing it away, throw it my way. We can both make some money)

What type of properties are you interested in (i.e. Rentals, flips, etc..)

I do all of the above, plus more! A Lot of creative finance deals, lease-options, subject to, seller finance, joint venture with others. I work a lot with other people in multiple markets. I know how to find, fix, flip or rent. How to structure deals, how to use your retirement plan, IRA or 401K, to invest or lend in real estate, while making sure that you are secure in your investment. (Yes, even when you have a full time job, and have been told that, "You can not do that") I also know how to "leverage" your small amount to use as a down payment to buy. Contact me for more information. I also speak to groups nationwide...

Introduction

Full time, experienced investor, from Houston, Texas, now investing in Kansas City, Missouri &Kansas. I am based out of Ames, Iowa, and invest in 5 states. We buy houses & apartments & have done over 150 deals. Always learning, networking, contact me


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