Real estate investors are like the old-fashioned miners. They spend a lot of time looking in lots of places to find something they can turn into money.
And sometimes they strike gold.
Miners literally strike gold. Investors find a property at a big discount.
Even more rarely, a miner might find the mother lode. A mother lode in the real estate world might be a high-end property that the seller just wants gone. A high-end property will give you a much bigger spread than grandma’s cute 1950’s bungalow in a working-class neighborhood.
Not to dump on Grandma, but the equity just ain’t there.
For miners and investors, the ‘gold’ doesn’t help unless they can convert it to cash. Or barter it into something they can use. ‘Mother lodes can be even tougher...
The miner is going to need help to get such a large amount of gold out of the ground. Investors need help because there is a much…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.