Wholesale real estate - Put yourself in position to succeed
Mr. Lima has successfully executed over 1,000 real estate investment transactions, with a cumulative transaction value of over $150,000,000. Such investments have included Residential Deals, Multi-Family, and Raw Land Development, ranging from single-family homes to 138-acre parcels, under various investment companies.
Mr. Lima is a former corporate executive who leveraged his previous part-time real estate investment activities into full-time endeavors the past dozen years. He was born on Long Island, New York, and grew up near Philadelphia, PA. He graduated Summa Cum Laude from the University of Pittsburgh system, and started his professional career with Arthur Andersen & Co., where he became a CPA and got broad experience with diverse industries.
Mr. Lima spent 18 years in corporate management positions, where his responsibilities included Sales, Marketing, Accounting, Finance, Strategic Planning, Business Development and Operations. At the age of 26, Mr. Lima became the Corporate Controller of a $100 million consumer products company (American Beverage Corp.) based near Pittsburgh, PA, and later was promoted to the position of CFO. In 1996, Mr. Lima relocated to Arizona and took a management position within a Fortune 500 technology company (MicroAge, Inc.). Three years later, he became the COO of an international software development company (Cablesoft, later rebranded as iTRACS Corporation). He has done extensive international business travel, has helped raise over $10 million of venture capital, and has overseen all aspects of corporate organizations.
In real estate, Mr. Lima has been a real estate investor since 1992, and has been a full time investor/developer since 2003. He has executed hundreds of remodel/flips, along with ~ 1,000 wholesale flips and ~ 100 buy/holds. He buys with cash, private money, and is also adept at buying on terms (structuring seller financing). His investment companies are highly profitable, routinely providing cash on cash returns of > 25%. In addition, Mr. Lima coaches/mentors other investors and provides educational training.
Mr. Lima lives in Phoenix and is married with 3 children, including 8-year old twins. In addition to his family, he enjoys traveling and endurance sports such as running/biking mountains and playing basketball.