Success After Prison With Michael Santos

Episode 12: Buying Real Estate After Prison

Informações:

Sinopse

Real Estate Purchase When I returned to society, in August of 2012, our nation was starting to emerge from the worst recession in our lifetime. In 2008 the stock market and the real estate market began to implode. Credit dried up. Housing prices fell to historic lows. By the fall of 2012, however, the economy looked poised to rebound. Carole and I wanted to participate in the potential upside.   To profit from an anticipated market rebound, I knew that Carole and I would need to control a larger asset base. If we could purchase a large asset, like a house, when prices were still relatively low, our equity would increase if housing prices recovered. Both of us wanted to purchase real estate. Our challenge was that we did not have sufficient credit to qualify for a house purchase in the conventional manner. We would need to create an alternative strategy. Fortunately, the seeds we began sowing prior to my release would help.   What were those seeds? We began with a vision of what we wanted. We set a plan. An