Sacramento, California Area United States
Authority, Expert, Nationwide Buyer Nonperforming Notes, 2nd Liens-OFF MARKET Distressed Assets at Bontemps Enterprises
Real Estate/ Construction / Architecture
Terry Bontemps' depth of real estate knowledge comes from hands-on experience. He bought his first fixer-upper at the age of 20 and lost it to foreclosure at the age of 25. Terry lost his credit but not his determination to become a successful real estate investor.
He learned with pre-foreclosures you can just take over someone's loan without formally qualifying for bank loans which gave him time to generate a profit out of the property without being obligated financially. It was perfect for him because he had lost his credit earlier and he had minimal finances to fund his investments.
A common problem Terry ran into were people that were in foreclosure was their properties were over-en...