Joe Crump Reviews
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JOE CRUMP
Joe’s friends were earning more on their property than they were on their corporate paychecks. In addition, real estate values were skyrocketing in the late 1980′s in Los Angeles and he decided to buy a property. The first house he bought was brand new construction and just one month later he found that the value rose 20%. Instantly, Joe sold the house with a price tag that earned him quite a bit of revenue. This was the turning point where Joe knew this was the business for him. Three years after he started investing he had purchased over $17 million worth of property. He thought perhaps if he bought a house below value there was the possibility of making more money, so he purchased HUD and VA foreclosures.
Mr. Crump learned that markets don’t jump like that very often. When 1991 came along, the real estate market in Los Angeles plummeted 30%. This meant that for his $17,000,000 worth of property, the value went down to $11,900,000. The problem was that he owed more than the value, his equity and profits were gone in an instant. Joe lost his house and his cars. All of his construction equipment was taken back. So with his business bottomed out and his wife six months pregnant, he was forced to return to Indiana to stay with his family.
Joe wondered how to make it work, how to start over without money or credit to back him up. His solution was to develop the "Safety Net" method of real estate investing. It is a ground-breaking method found nowhere else.
Joe feels that the most important facet one needs to learn when it comes to real estate is to form a solid system for doing business. Your efforts will be useless unless you take action. He believes the only way to truly learn is to start investing first hand. His focus is centered on the benefit you can bring to the buyer and the seller who you will help. Someone who would not be able to make a sale without you. Joe believes that it is not just about the money, it is about helping others.
Joe Crump is a very down to earth, normal guy investor. Easy to Understand and has some great ideas. Joe admits that whn he began investing in real estate he had no idea what he was doing. He began his real estate investments in 1986 in Los Angeles, California. His original intention and main purpose in real estate was to finance a movie. He fell in love with the benefits of real estate. When he grasped that he could make more money investing in houses than being employed in a corporate environment, he began to focus on real estate.
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