My beginnings in foreclosure investing trace back to 1995. I had just graduated from Liberty High School in Colorado Springs, Colorado, and life was good. My parents had just completed a custom-built home in the North End of Colorado Springs (which they live in now), and I was set to go to college. But the excitement for the future afforded my family from my father’s high-paying position with the telecom company MCI quickly turned to dread and uncertainty as the advent of the cellular phone eliminated the long distance plans that companies like AT&T and MCI had profited from for years.
In short order, my father was laid off from his job, leaving my parents facing the possibility of having the home they had just built go into foreclosure. Now, what If my parents had bought a foreclosure and fixed it up instead of building a custom home? The stress of watching my parents nearly lose their home to foreclosure had a massive effect on me. I promised myself I would never put myself in that situation, and it taught me at a young age the importance of buying under-priced real estate assets to avoid being over-leveraged.
Had my parents been more informed, they could have fixed up a foreclosure, been able to sell it at-profit, and could have possibly bought an even nicer home in the 2000 dot com bubble when the market bottomed out. Fortunately, you have access to information that would have changed my family’s lives, and I want to share it with you so you can make the best life for you and yours!