5/8/2007
The deal I had that fell apart last week (was it last week or the week before? I can't remember) is alive again... The guy who now has it under contract is a friend of mine (it's the same guy whose properties I've been marketing). He was going to close on it and keep it as a rental if he couldn't wholesale it (it's a 3/1 block house that only needs paint and carpet, and he has it under contract for 45k). Anyway, I found another buyer for it today, and it is supposed to close next Tuesday! Nice, huh? Also, he got it under contract at a lower price, so I'll be making double what I was going to last time around. Sweet. I'll believe it when I see it, though. This property has been nothing but trouble from the get go. The buyer was supposed to drop off a 2k deposit to my friend this afternoon, and I haven't heard otherwise, so I'm assuming everything is A-OK. Will be nice if it closes, that's for sure. Me likey getting paid.
Today, the mastermind/mentoring group that I am a part of had our monthly group call, and it was awesome. I got some great input/advice on how I can improve my current wholesaling strategy, and also learned a lot just from listening to others talk about what they are doing. It's an outstanding group of people, and I'm lucky to be a part of it.
I had this dream last night that was so awful, it screwed me up all day. I actually woke up sweating even though I had the air set on 69 (I can't sleep unless it's really, really cold). Anyway, I had this dream that I couldn't get a deal to save my life, and I had to go back to waiting tables. Bar tending is one thing, but waiting tables is, in my opinion, the worst job ever. I'd honestly rather shovel horse shit (or any shit, for that matter) than wait tables. Nothing can turn you into a bitter people-hater like waiting tables can. Anyway, in my dream I was waiting tables at this Irish place (as in, I had to go to Ireland and work there- no idea where that came from), and I had to work happy hour, and they had this horrible happy hour buffet that I was in charge of keeping full. Everyone was yelling at me and pissed off because we kept running out of bacon, and in my dream, I remember thinking that I was just going to walk out, but then I knew I couldn't because I had to pay my bills, and I just felt trapped and helpless. It was awful, and like I said, I woke up sweating and in a panic, and I've felt like shit all day.
I got some dvds back that I loaned to a friend a long time ago. I'm watching Garden State right now. I always cry when Natalie Portman dances in front of the fireplace. Not sure why, but I do.
Over and out.
Back From The Dead
Thursday, May 8, 2008
Back From The Dead
Posted by Steph at 9:07:00 PM
Labels: finding buyers, flip reo, flip reos, how to flip houses, real estate investing, reo flipping, reo investing, wholesaling houses
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3 comments:
Isn't it amazing how 1% of the deals cause 99% of the grief? That's been my experience!
I believe I had a shift like that, when I was a server oh so long ago.
Quite cool you have this mastermind group to bounce ideas off of and get input from. This lends credence to the "like minded people" theory.
Congrats on the continued success!
I have a similar dream where I have to keep writing ridiculous proposals promising to change the country for the better in some significant way, but it's all crap, but I need to keep doing it to bring home the bacon. My boss gives me outrageous edits like "This semi-colon should be bigger!" and "I don't care if the donor's wife just died--get $10,000 out of him this week or you're out of here!"
Oh, wait--that's reality.
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