Ray has been buying Single Family houses for more than 30 years around the Houston area. During that time he has bought and sold over 1,000 houses. He also owns a property management company and typically has 3-4 rehabs going on at any time. Ray is known throughout the investor community as an expert rehabber as well as an expert transaction engineer.
Ray is the kind of investor Private Lenders should seek out.
Ray –
Began investing in Real Estate in 1982
Has rehabbed over 1,000 houses
Served as President of the Realty Investment Club of Houston
Co-owns Alamo Real Estate Investors Association in San Antonio, TX
Co-owns 713 Real Estate Investors Association in Houston, TX
Owns a property management company
Is a mentor and coach
Utilizes Private Lenders’ money for his and his students’ deals
Is a private lender himself
Also lends from his Self-Directed IRA
Does deals/loans all over the state of Texas
What you’ll earn on this episode:
The value of starting small and working your way up to higher levels of sophistication
Get around experienced people, establish relationships, make loans and learn everything you can
Ray treat his Private Lenders extremely well and makes sure they are paid first, especially if he gets upside down on a deal
Suggests Private Lenders help the borrower to be successful
insights into various aspects of Real Estate Investing that go against conventional wisdom