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LitlMikey

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About LitlMikey

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    jsheldon001@hotmail.com
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  1. Just wondering, how many sellers do you find on CL? I'm new to this whole scene, and personally I can't find one. They are either realtors or homeowners already represented by investors like us. Is it easier for you to just call on newspaper ads/yard signs you see in your area?
  2. Hey All, I'm going to be graduating high school in just about 5 months now. Once I'm out of high school, I'll begin my career as a real estate investor, starting out with simple mobile home deals. I'll be working with extremely limited resources, so it's quite necessary that I regain my original investment soon after one deal finishes to start another. So that being the case, here are the details. I'll be doing these deals around Flint, Michigan. From what research that I've done, I'd say my average investment would be around $2,000 to buy each mobile home. I'd then need to sell each $2,000 note quickly, so I figured something around 15-18% interest would be somewhat motivating (This should make the total gain for the investor somewhere around $300-$360). These aren't going to be the one note to get rich quick, but they are a cheap and quick investment with a decent reward. All of that being said, I am wondering who would be interested in buying these notes? I need to know before I begin so that I have an idea of how many times I'm going to be able to reinvest my money. Also if you have any sugguestions on tweaks I could do to make the deal more attractive to another potential investor, please feel free to fire away.
  3. Thanks for the quick response Michael! Always great to hear words of encouragement, and I'll definately remember your advice. Mike
  4. Hey All, I'm relatively new to the Naked Investor, so I apologize if this is a repeat thread. I plan on investing in the somewhat near future, and I'm trying to nail down my game plan perfectly. I live in Michigan, which is where I plan to venture into investment. As you may or may not know, Michigan has an absolutely terrible economy right now. This being said, do any of you have any slogans/sayings/ads you would use specifically in an area like this to really push home the sale to potential buyers? Buying the houses obviously won't be a problem, but Im afraid that re-selling them might be. Any insight/help you could give me on the subject is definately appreciated! Mike
  5. Hey Jason thanks for the tip, I'll definately check him out and see what he has to say. By the by, I happened to find that picture of you with the "Vette and the Hooters girls...Man are you livin' the dream or what?! Thanks again for the info.
  6. HaHa! Excellent joke, and sadly how true!
  7. Hey Mike, thanks for the quick response! Sure I'd love to set that all up for you, for a price !(Hehe) Anyway, I appreciate the advice, it was definately uplifting(Especially coming from you). Lately I've been quite depressed because of the terrible economy, but Im glad to hear that I could actually use it as an advantage. Anyway, thanks again for the encouragement!
  8. This message goes out to anyone who lives in Michigan and does real estate reinvestment. I am currently a senior in high school(Senior year finally!), and already know 100% that I want to get into real estate. The only problem is, I live in Michigan. As any other Michiganders know, the economy here is somewhat non-existant, with people moving away, losing jobs, etc. I can only wonder, would real estate be effective right now in Michigan? Will there be a sufficient amount of buyers for the properties I would be selling? Any statistics/insight that I can recieve from anyone who deals in Michigan would be truely appreciated. Thanks in advance, LitlMikey
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