About

I am currently an MBA student at Cornell University’s Johnson School of Management with a passion for real estate.  My wife and I started our own real estate investment company, Cook Squared Enterprises, four years ago.  Recently we took a hiatus to come back to business school, but now that I am in my last semester we are picking things back up.  This blog is designed to share our trials and tribulations as well as our key learnings along the way. 

6 Responses to About

  1. isobelissa says:

    I really alearned alot from your article, and also got good inspiration. could you please send me an email address so i could ask a few questions. Thanks

  2. Andrew says:

    Thanks for all of the information. It has been encourageing for me to read.

    I am new to investing, and am working for a company in the field so that I can learn and earn at the same time.

    I would appreciate a little help on how to find investors that may be interested in our product. We have rehabilitated property in revitalized urban markets that are available for a $5K initial deposit and leave the property with 20% equity. We also have a great distributor program for people.

    Any help you could pass on would be greatly appreciated.

    -Andrew

  3. Kevin Tellis says:

    Dear ,

    My name is Kevin Tellis and I am not a spammer. I am contacting you as I notice your blog has tons of information and news on Real Estate industry. I represent ReviewedWeb.com; a human edited and managed web resource.

    In the last 12 months a number of websites reviewed and featured on http://www.reviewedweb.com have inquired about Contextual Marketing (marketing via blogs and content rich websites). To address this demand we are building a network of bloggers and authors to expand our services.

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    This is a win-win situation for both, your blog and the website. Your blog will get relevant, free content, which I’m sure your visitors would love. The website would benefit from the traffic they drive from your Blog.

    Thank you for your time and consideration. I look forward to having you in our network.

    BTW Our category editor has already reviewed your blog. Your blog will get a listing in the real estate section within the next 15 days.

    We are always looking to add more value to our partners. If you have a suggestion to structure this relationship, feel free to write to me anytime!

    Sincerely,

    Kevin Tellis
    kevin.tellis@reviewedweb.com

    P.S. This is a promotional mail strictly on the guidelines of CAN-SPAM act of 2003 . We have clearly mentioned the source mail-id of this mail, also clearly mentioned the subject lines and they are in no way misleading in any form. We have found your mail address through our own efforts on the web search. If you find this mail unsolicited, please reply with “Remove” in the subject line and we will take care that you do not receive any further promotional mail.

  4. Kevin,

    I like your investor website…

    I have a high yield product we are starting to get out the door. You can read more about it at http://www.hiltonheadpathways.com

    We are looking for some investment newsletter writers or individuals that maintain investment sites or blogs that can send out an email for us “one time” to their readers.

    We will pay a fee – typically $1 per email sent out. But more importantly – it will have a link attached so if an individual decides to buy our investment product, you will be paid a fee of 5% – the first time they invest and ‘every’ time they invest. For up to 10 years.

    The products has been analyzed by our securities attorneys and have determined they are not a securities. The products you can read more about on the website http://www.hiltonheadpathways.com – are two products in particular. Here is a very simple description of the two items and how we use them.

    We purchase a distressed single family property.

    Lets say it is worth $20,000 and we purchase for $10,000. And it needs $7,000 of repairs. When it is repaired, it is worth $45,000.

    Purchase = $10,000 (current value $20,000)

    Renovation = $7,000 (actual cost of renovation without a Gen Contractor)

    After Renovation Value = $45,000

    Our first product is Prime Capital which provides funds to cover the purchase and renovate the property.

    Investor purchases property from HHP for $15,000 (under the current value)

    And only gets into the deal ‘if’ they also hire HHP to do the renovations for $15,000. Which is placed into escrow and is issued out of escrow as work is completed.

    This means – eventually HHP would have sold to the investor the property for $30,000 that is now worth $45,000. A 50% discount to market value for the investor. And HHP made a $13,000 profit (less our fee to you).

    Now HHP also provides to the buyer a Master Lease agreement where they agree from DAY ONE – to a monthly lease payment to the buyer/investor that equals 12%APR and HHP pays all property taxes, HOA dues and other property cost – so the investor is receiving a 12% NET income for up to 1 year.

    HHP also gets from the investor an option to purchase the property for up to one year from the Buyer/Investor for $34,000 (which would be another 13.3% gain to the investor from his $30,000 purchase) And thus if the investor is in the property for an entire year – the investor gets a total yield of 25.3%. And the yield is considerably greater if it is closed earlier.

    Why would HHP want to buy the property back??? Because once they have the property renovated – they place a tenant into the property under a Lease/Purchase agreement. (allowed under the Master Lease Agreement HHP has with the investor). The tenant is given the ability – after 6 months of ‘on time’ payments – to purchase the property with little down (usually about $2,000, for a total purchase of $45,000 on an owner financed note. Thus HHP buys the property back from the investor (in typically 8-9 months) for $34,000 and sells for $45,000 on an owner financed note. Another $11,000 gain for HHP.

    And this takes the investor out of the investment in Prime Capital – with a yield of 24%+ for a year or less.

    Second investment product. Trust Deed Preferred. This is the ‘Owner Financed Note’ that we just created at $45,000 with 6 months of prior pay history. We discount the note to provide for a 12% APR yield to the Trust Deed Preferred investor – and have an outside servicing company service it for the investor giving him monthly ‘hassle free’ income.

    And HHP provides a 5 year guarantee of ‘hassle free’ income. That guarantee is as follows:

    1. Never during any 3 year period will the investor ever be out more than 3 months of non-payment if the buyer does not pay – or HHP will pick up the payments to the investor. This is actually easy – if the buyer does not pay – from the point of being 30 days delinquent, we will begin foreclosure proceedings and will have them either worked out or have them out of the property within another 30 days by foreclosure and then spend 2 weeks reselling the property – where the downpayment usually is enough to actually cover any loss of income for the (up to) 90 days of non-payment. Usually the investor is typically ‘never’ out of income “at all” if we move quickly enough and get a new downpayment from a new buyer to cover the missed payments and minor repairs needed to get the property sold on a new note. And – sometimes the new sales price is higher also. So – very steady income – which is secured by real estate.

    2. We will provide during the first 5 years – foreclosure services ‘if it is needed’ (all of it) for $150 (this typically cost $1,000 to $2,000 by a foreclosure attorney – we have two full time attorneys on our staff that handle this on salary). That is not an upfront fee – it is a fee the investor pays – only ‘if it is needed’.

    3. We will provide during the first 5 years – eviction services ‘if it is needed’ (all of it) for $100 (this typcally cost $300 by an attorney). That is not an upfront fee – it is a fee the investor pays – only ‘if it is needed’.

    Our website also provides for numerous listings for Real Estate Attorneys, Title Companies, Real Estate Agents, Renovators, Surveyors, Appraisers, etc. so an investor can (if he wants to) hire outside firms.

    The key here is that we provide investors ‘secured’ investments that will provide them monthly income that has annual ‘hassle free’ yields of 12% to 25%.

    And we offer to you a 5% finders to you if the investor purchases the property or the mortgage note. ALSO – once that investor has purchased something with us – you will be paid a fee EVERY time he buys from us. This is particularly important in the case of the Prime Capital where the investor is bought out usually in less than a year.

    So – we need you. Are you interested in sending out an email for us?

    Respectfully,

    ‘Chase’ D. Fonteno
    President
    Hilton Head Properties, Inc.
    1401 Elm St., Suite 3800 Dallas, TX 75202
    214-712-9800
    214-712-9801 fax
    chase@hiltonheadproperties.net

    http://www.hiltonheadproperties.net
    http://www.hiltonheadpathways.com
    http://www.iBidEarth.com
    http://www.SterlingWorldPartners.com
    http://www.Loans4Sale.com

    This email and any files attached to this transmission are confidential and intended solely for the use of the individual or entity for which they are addressed or intended, and further, may contain information that is privileged, confidential and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including the reliance thereon) is STRICTLY PROHIBITED. If you received this transmission in error, please immediately contact the sender and notify damon@hiltonheadproperties.net and destroy the material in its entirety, whether in electronic or hard copy format. Please note that any views or opinions presented in this email are solely those of the author and do not necessarily represent those of Hilton Head Properties, Inc. Finally, the recipient should check this email and any attachments for the presence of viruses. Hilton Head Properties, Inc.accepts no liability for any damage caused by any virus transmitted by this email. Thank you.

  5. Hey Fellow Cornellian! I to just finished up my education at Cornell University in ’08. I am curious to know where you are now and what you are up to. Shoot me an email as we might be able to share contacts.

    James

  6. Jesse Jamar says:

    Interesting point of view.Thanks for the post. – I have been laid up with intentional flu. – Samuel Goldwyn 1882 – 1974

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