Posted by Carey_PA on July 02, 2001 at 16:19:11:
I am currently making connections with 3 small local banks (1 of which I’ve already done a deal with) and I’ve been working with the commercial lending department, which is why I was curious about what you said.
CAREY
Angel, How’d you get started. - Posted by Sarah
Posted by Sarah on June 28, 2001 at 17:15:50:
Just wondering how you got started. Wondering if you started young or where you got these ideas. I appreciate seeing another woman on board, especially one that knows what she’s talking about. For me, you are a role model. I am interested in knowing how you started learning everything.
Sarah
Re: Angel, How’d you get started. - Posted by Angel Gutierrez
Posted by Angel Gutierrez on June 28, 2001 at 17:45:24:
Sarah,
Thanks for your post, however, I hate to burst your bubble, but I’m a man, guy, dude, vato, ese, S-O-B,and I’ve been called a lot worse. Now…how did I get started? Well, I got thrown into it. Years ago/many moons…I found myself unemployed and unemployable. I was in Aerospace. When you’re prior aerospace, NOBODY wants to hire you. Luckily, I had my first home to sell, which happened to be an apartment building (22 units) that I got cheap and sold for some BIG cash. I had no idea what I was doing, the lady at the bank that did the loan, wouldn’t qualify me for a SFR,because I didn’t make enough money,and in the conversation, I told her that the guy selling the building I was living in, wanted out. She said I should buy the building, I told her…quote,“you won’t do a loan on a house for me, but you’ll do a loan on an apt. building? I don’t have that kind of money!” She said, “those are different rules Angel.” And two months later, I went from paying 900 a month for a one bedroom to getting paid 2200 just to live there after all the bills were paid. And so it went. Later on I found out that this was a much better way to earn a living than actually getting a job. I hate working for someone else anyway.
I just like to read and R.E is my bag. I found myself/identity in this business and I enjoy making deals. That’s what turns me on. I can’t help it! Since I love to blab, I figured it might as well work for me, this by the way, annoys my wife. She says, “Angel just opens his mouth and people give him what he wants, what’s up with that?” he-he-he
So, I hope this helps.
Oh,…FYI…women can and are much better at dealmaking than men are by nature. I personally know two women/broads/chicks that would eat me live if I let them. They are much better at negotiating and dealmaking than I am…and I think I’m pretty good!
Got questions? Bring 'em on!
Angel
Dallas, Tx
Just curious… - Posted by Carey_PA
Posted by Carey_PA on July 02, 2001 at 08:52:13:
but was the banker referring to the commercial lending department of the bank when she told you that buying an apartment building had different rules than buying a home?
Thanks,
CAREY
P.S. Now that you mention it about women negotiating and doing deals, I’m a woman and I do find myself negotiating EVEN the silliest stupidiest little things!
Well, I hope your comment about women being better negotiators, etc. holds true for me in the future!
Re: Just curious… - Posted by Angel Gutierrez
Posted by Angel Gutierrez on July 02, 2001 at 11:22:36:
The bank that did the financing was a small local bank. Small local banks tend to be more customer specific than the usual cattle mills like B of A. These are the banks you as a R.E. investor want to target. As they get to know you, they will bend over backwards to meet your needs. Start interviewing them soon!
Angel
Dallas, Tx