News & Press
RESTORING TRANSPARENCY IN RESTORATION CAPITAL AND PRIVATE EQUITY FUNDING
No stranger to private real estate funding, Brian Castel is a Certified Private Lending Associate that began investing in secured notes at the age of thirteen. A graduate of The College of William & Mary, Mr. Castel built a successful residential mortgage origination team prior to founding Restoration Capital and RC Income Fund. As the owner of two private equity firms, Mr. Castel oversees the companies’ activities focusing primarily on new business development, investor relations, and regulatory affairs. Mr. Castel also serves on the Board of Advisors for Joe Gibbs’ Youth for Tomorrow. In his spare time, Mr. Castel enjoys traveling with his family as well as scuba diving with his two children… more.
VULTURE INVESTORS FLIPPING THEIR WAY TO BIG PROFITS
NEW YORK (CNNMoney) — Even in these down times, there’s money to be made buying and flipping houses. One might think this would be a most dangerous game — after all, home prices are down more than a third from their peak in most areas. But plenty of investors are taking the risk in exchange for big profits.
In fact, nearly 1 million homes were bought as investment properties in 2010, according to the National Association of Realtors… more.
FLIPPING HOUSES IS BOOMING BUSINESS AGAIN
Not long ago, John Irvin was selling women’s shoes in the Nordstrom at the Pentagon City mall, pulling down about $20 an hour.
Now he flips houses in Northern Virginia — scooping up short sales, rehabbing them and aiming for a quick sell. He has sold three homes and says he netted more than $30,000 in profit each time. “If I do one house every quarter, I’m making $125,000 a year — at 25 years old,” Irvin said… more.
Today on the show we talk to Brian Castel and Justin Konz about how they started buying rentals. Justin started buying rentals in grad school, and after he graduated, Brian and Justin formed a partnership and started buying properties. Today they own over 30 properties.
We talk about how they started, and also spend some time talking a creative way that you can buy rentals using none of your own money… more.