A graduate from Texas Tech University, Tony has been actively pursuing what he calls his "Occupational Calling". After purchasing his first duplex in 1991, he was hooked on real estate. Over the years, he has purchased several duplexes, fourplexes, apartments and recently, a restaurant.
"We've tried to keep things in perspective and see the entire picture. My father has always said, 'It's not how much you make, it's how much you keep.' I believe this with all my heart. Reading the "Rich Dad" books just confirms what my father has been saying and doing for years."
Experience
Education: Bachelors of Business Administration Texas Tech University
Finance with Real Estate Specialization Lubbock, Texas
Post Graduate Courses
Real Estate Investments Basic Valuation Procedures
Real Estate Principles Capitalization Theory A
Business Psychology Capitalization Theory B
Employment: Fortner Properties, LLC/Michael Group. 11/02-Present
Currently managing holdings of 36 rental units, all of which are personally owned or owned by a related entity that I am president of. Duties include active participation in the upkeep of these properties and in retaining tenants. Current occupancy level is 93%. Primary focus is on increasing values of these properties by raising rents, retaining current tenants and performing various renovations. Other duties include locating positive cash-flowing properties to purchase for clients and myself. Through the Michael Group, and as a Realtor, I have helped several clients sell and/or purchase personal and investment properties.
Business Operations Representative. 7/99-8/03
Federal National Mortgage Association (Fannie Mae - NPDC) Dallas, Texas
Coordinated closings on foreclosed properties for seven states. Responsible for selecting and training title companies and attorneys to perform closing duties on an average of 200 foreclosed properties per month. Duties also included tracking and evaluating performance of these vendors to ensure timely dispositions of properties and receipt of sale proceeds. Responsible for evaluating and recommending procedural changes to post foreclosure processes used by Bank of America and Washington Mutual, reducing the amount of delayed closings due to title issues and delinquent tax issues.
REO Coordinator. 7/96-7/99
Homecomings Financial Network (Formerly Capstead, Inc.) Dallas, Texas
Duties included coordinating property preservation efforts for abandoned properties within a portfolio of over 500,000 loans. Responsible for ensuring clear title on foreclosed properties and overseeing the filing of hazard insurance claims on abandoned or damaged properties. Responsible for researching home owners associations of foreclosed properties and ensuring payment of dues. Duties also included protesting hazard insurance claim denials and illegitimate home owners association charges, providing backup for loan repurchases, remedying city code violations, advancing payment for priority liens to protect the investors position and coordinating evictions on Freddie Mac properties. Worked closely with the systems group to implement logic including the automation of First Vacancy and Hazard Cancellation letters. Also assisted in implementing risk scoring logic to reduce the number of property inspections ordered each month, and devising logic to comply with investors guidelines with respect to the continuance of hazard insurance and property tax tracking after foreclosure sale.
Business Manager. 9/93-7/96
Lincoln Property Company, Dallas, Texas
Managed 196-unit apartment community in Plano, Texas. Duties included contractor selection and scheduling for apartment turns and property upkeep. Supervised on-site staff of four employees. Other duties included generating owners reports, performing market surveys and interacting with clients and current residents.
Real Estate Appraiser. 6/91-8/93
Southwest Valuation Consultants, Inc. Dallas, Texas
Derived market values for industrial, office, multi-family, raw land and special-use properties. Other duties included special projects including out of state appraisals and consulting assignments for nation-wide sale/lease-back analyses.
Skills/
Activities: Beverly Oaks Home Owners Association. (1997-1998) President for 96-unit Town home Community in Irving, Texas.
Real Estate Investment. Evaluated and negotiated the purchase of several multi-family investment properties in the Dallas/Fort Worth metroplex, personally performing renovation and remodeling necessary to increase property values. Properties purchased, renovated and sold include an 8-unit building in Dallas, duplex in Arlington and a duplex in Dallas all for over double the initial purchase price . Proceeds from these sales were rolled into other real estate investments tax-deferred. By request, have started writing a book on real estate investment.
Licensed Texas Realtor. Currently have several listings and am helping friends and relatives locate real estate investments and homes. (Texas Real Estate License #0395080)
Computer/Communication Skills. Extensive knowledge of Microsoft Word, Excel, and HP12C. Excellent writing and verbal skills. Very conscientious and detail-oriented.
Zig Ziglar 15 Week Seminar. Motivation course with emphasis on self-image and goal setting.
Youth Sponsor. First United Methodist Church of Cedar Hill. Helped facilitate weekly youth events. Chaperoned trips to Arkansas for canoe trip and Colorado for ski trip.
AIREO. Attend monthly meetings with the Association of Independent Real Estate Owners. A private real estate investing organization with speakers addressing a variety of real estate investment topics.
