John Corey

Screen Name: JohnCorey

JohnCorey
Points: 18216
London,
United Kingdom
OFFLINE
Business Name: Chelsea Private Equity
john(dot)corey(at)gmail(dot)com
US & UK RE investor
Endorsements: 1
rank 5 Ambassador Leader Board overall ranking: 1 Top 10 Inviters Leader
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My Details
Activity Level: Teaching
Investing Since: 1983
Reason on REI: Investor Networking
Make Partnerships
Other Website: www.ChelseaPrivateEquity.com/blog
Member Since: 03/13/2008
Last Login: 07/25/2011
Enabling the dreams of others
Always open to answering questions. See the contact page on my blog; link below.

Pay it forward.
www.ChelseaPrivateEquity.com/blog
Other Interests
Professional cycling
Buy To Let (BTL) investing in the UK
Travel to locations around the world
Fine dining
Borough Market, London
Wine
About Me

University degree in computer science with a number of years working for both manufactures of technology and end user companies (telcos, banks, insurance companies). Most recently my technology career has focused on the banking sector (retail and investment banks)

I stated investing after reading a book, taking a 2 day seminar and then buying a house 'Nothing Down' the following day. That was in CA and it was in 1983 so some time ago. I have been an active investor ever since.

I enjoy offering advice to others. It is a great way to give back and it helps me stay in touch with what is going on in the marketplace. Generally, RE investors are rather generous with their time. I have certainly benefited from friendly advice over the years. Call it pay back time for me and a fun way to meet new people who are making it happen.



 

 View John Corey's profile on LinkedIn

Real Estate Experience

Multiple states in the US and multiple countries. Current portfolio is focused on US and the UK. The US being the better opportunity given present trends.

I started investing in 1983. My focus is residential, normally 1-4 unit stick built homes. I buy off-plan (pre-construction condos) and I buy older homes. Each deal needs to make sense but what that means varies based on the exit strategies planned per property.

I rarely directly manage any of my rentals as I have proven that I make more money finding good deals than I do managing the tenants or the property maintenance.

I will continue to grow the portfolio and to focus on value investing. By that I mean finding deals where there is real value at the time of purchase rather than buying with appreciation being the end game.

  Check out my profile on Wanna Networks

 

My Comments
From: ReiFreeClassifieds
10/19/2011

Hello John,

We wanted to stop by and introduce ourselves.  We're REI Free Classifieds, a brand new online classifieds specifically for real estate investors, investor-friendly agents and REI-related services.  We would love to have your participation and input.

 

Thanks,

The REI Team

Real Estate Investing Free Classifieds

 


ReiFreeClassifieds

From: jctennis123
08/06/2010

 Hey John. Hope this message finds you well.

 

Just wanted to present you with something, you might be interested in.

 

We are selling cash-flowing properties in Orlando. Fully rehabbed and with tenants in place! So cheap, were practically giving them away lol. If you or anyone you know might be interested in an opportunity like this, just visit this site.

 


jctennis123

From: SFCaptain
07/19/2010

Hello John  I am Frank Lawson and I am contacting you because I need some advice or guidance on a funding issue I am haveing.  I have a hotel project that I am working on it is a 2.95 milion dollar hotel.  we have placed $410,000 into escrow and need another $50,000 to close. I have terrible credit and need to close quickly.  I have done everything but sell my house (because I don't own one) Do you know anyone that does short term loans this small that would take either third position or make a personal loan for the deal.  I am desperate what would you do and how can I get this done

 

Frank


SFCaptain

From: ahtrent
07/08/2010

Dear John:

What type or kind of "Partnerships" are you looking to make?


ahtrent

From: ahtrent
07/05/2010

 

Dear John:
 
I am a 66 year old artist with “day-jobs”, being my five businesses. The beginning of this year I decided to retire and started to shut down four of my five businesses. I plan to spend most of my time doing my art works and less time in the business world. But, one cannot just end cold-turkey after some forty years of doing business. So right now, I am looking for partners to take over some of my properties and projects and buyers to sell off the properties that are no longer needed. I would also be looking for the right active person to network with for helping to find partners and buyers. That person could also make some money for their help. Once the new art studio is built and the non-needed items are sold, I will be looking for new investments. But for right now all of the incoming cash is going to build the new studio, which is not cheap. If, you might be interested in a limited type partnership, or buying some of my properties, please feel free to e-mail back or contact my by phone at 217-357-3108. (You should get my answering machine before 7:00 pm, and me after 7:00 to about 11:00 pm.) Yours, Tom

ahtrent

From: Brian Lucier
06/23/2010

Hey John,

Have 4 new multi-family deals under agreement. Looks like we are going to busy with some rehabs in 2 of the buildings. The other 2 of the buildings are actually in good shape without rehabs and have current lead certificates. Those are move in ready. Looking at a 6-unit doing seller financing on Friday. Busy, busy.


Brian Lucier
Ambassador
From: Brian Lucier
06/22/2010

Happy belated Birthday John. Hope it was a fun one for you! ttys.


Brian Lucier
Ambassador
From: rondellrandall
06/12/2010

Hey Thanks for the contact request. I plan on crossing the pond one day and when I do I will look you up! Happy Investing Bro!


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I place discounted single family residential properties under contract and then either assign/close with my end buyer
rondellrandall

From: Dreamhome
06/08/2010

Hi John, Thanks for the contact. I look foward to getting advice from you as I am a newbie and have not completed a deal yet but I am currently working on a short sale(ugggh!) I started this before I really knew what I was in for so I look forward to the advice! Erica


Dreamhome

From: Wholeseller
06/04/2010

 I have a property that for sell in the Baltimore,MD. This is a 2bedroom 1bathroom townhouse. You can turned this property around and less then a month, I mean it's very little work needed on this property. It's an investor dream house with the condition it's in. The area is a home owners friendly neighborhood and have a school right across the street and one around the corner. The sale comps in this area are at $79,000 and the rental comps are at $650,00 to $750,00. The asking price is $55,000. If you like to see some picture just email me and I'll be more then happy to send them. Here is my email address kornegay1@verizon.net


Wholeseller

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