alchristmann

All About alchristmann

Superstar

Joined: 2008-04-01

Points: 1816

Offline

Name:

Al Christmann

Location:

North Phoenix/Glendale, Arizona

About Me:

It is time to update my profile. I have been a part of this family for well over a year now. My wife and I have purchased two propeties. One was at an auction. We got that property for $60K below value, and set up a lease option with a $330 positive cash flow, and $50K profit when we sell. Then we bought a home on some land in North Phoenix. We got it for $70K below value. We are living in it and rented out the home that we had. We have a $450 positive cash flow on that home. I have met several investors that I am working with as a Realtor. The knowlege that I have gotten from this site and Deans program have been a considerable help in getting me where I am today. I have increased my net worth by $120K and have an additional $780 in monthly income. I am an engineer for a plastics company in Phoenix and work part time as a Realtor. I don't spend alot of time working on investing, but the return has been incredable.

Interests:

I love fly fishing.

Topics I've Participated In

Title	Poster	Replies	Updated
An Open Letter to and about Dean Graziosi - from His Loyal Staff	dgadmin	100	4 min 32 sec ago
FAQ: Answers To The Most Asked Questions - Start Here	dgadmin	1529	1 hour 15 min ago
Short Sale	ericbaylosis	2	2 hours 21 min ago
Assignment and real estate agent	BIGJAZZ81	1	9 hours 1 min ago
I FINALLY DID IT!!!!! YEEEEY!	freeindeed	37	15 hours 8 min ago

Basic Info

Occupation:

Engineer/Real Estate Agent

Children:

Have Child(ren)

Education:

Completed College

Status:

Married

Sites I Visit

Homepage:

http://www.diamondbackrealty.com

Guestbook

On 19:28pm, February 12th, 2009 jadelong said:

hello

what advice can you offer a newbie investor who has poor credit and no money but really wants to do this full force? any suggestions would be helpful thanks

On 19:41pm, February 12th, 2009 alchristmann said:

jadelong

I suggest you spend some time learning about the area you want to invest in. Start building a buyers list. Go to REI club meetings. Talk to Realtors, have them send you listings in your area that have been on the market for a long time. The best thing to do is to talk to as many people as you can about real estate. Reread the book, spend time on this site learning as much as you can. As you develop an understanding of investing, and the real estate market, you will know how to proceed.

On 13:18pm, March 24th, 2009 Blodgett Investments said:

20% Down ?!

Hello alchristmann,
I recently spoke to a Mortgage Broker who stated all banks are requiring 20% down for investment properties. Any loopholes out there or ideas on getting around putting 20% down on an investment property?

On 13:32pm, March 24th, 2009 alchristmann said:

20% down

20% down for conventional investment loans are what we have now. Try private lenders,or HMLs. I am going to buy another home for myself at 3.5% down for an FHA loan and rent out my current home.

On 19:33pm, July 3rd, 2009 Mauiboy said:

Arizona Properties

I wanted to know if you could send me some info on good Arizona investment properties. Can you PM me or e-mail me. Thnx..interested in ahwatukee area if possible but open to other areas.

On 2:54am, August 3rd, 2009 SpencersInvesting said:

Hi

Hey Al I'm just wondering if you had any advice for a young 20 y/o just starting out. My problem is I haven't had a job for 2 or more years with same employer. A mortgage broker told me it's a necessity to obtain a loan from bank. Any loopholes to this? I have outstanding credit of 740+ and some cash saved up but not too much. I just don't know where to start or what to do.
Thanx, Will

On 4:11am, August 3rd, 2009 alchristmann said:

Will

Talk to some other lenders. You are not old enought to have a long job history. With a good credit score, and some money in hand, I think someone will work with you.

Good Luck, Al

On 20:22pm, August 22nd, 2009 Indiana-Joe said:

Al,

I like your Tri-state trio idea. Unfortunately, I have not heard more from other Tri-state members. Hopefully, this can be something that can grow and take shape during the year. Continued success with real estate investing. Believe and Achieve! - Joe

On 4:57am, September 12th, 2009 SpencersInvesting said:

Thanks Al I'll give it a

Thanks Al I'll give it a shot!

On 1:14am, September 30th, 2009 cabelgrl said:

Put me on your list to meet

I am sure eager to meet some Arizona DG folks. I am in Cave Creek and not so far from Glendale. Any REI clubs you recommend in our area? Much appreciation. Penny