1/23/2009
So, I didn't get any offers accepted this week.
That's just the way it goes sometimes, though.
It always happens this way- I'll get a few offers accepted all at once, and then NOTHING for a few weeks. Then I'll start panicking and thinking that all of the deals I've done thus far were a fluke and that this stuff doesn't really work.... and then I'll get another one accepted, and my faith is restored.
I still haven't sold the house I got for 16k, although I now have 3 offers on the table- two for 18k, and one for 22k. The one for 22k is using hard money, and hasn't been able to cough up a 2k deposit, so I'm pretty sure that is not going to work out. The 2 who offered 18k are both cash buyers, but I'm still holding out for more. I'm going to put some more signs out this weekend and see what happens. I'm pretty sure I can get 21k or 22k if I am patient. I still have a few weeks left, so I am willing to wait. Not too long, but I will wait until the end of next week, and then I will go with a lower offer if I have to.
There is an auction coming to Tampa in February, and my sans-ID buyer offered to "give me his checkbook" to bid on properties at this auction. We haven't ironed out the details yet, but he is essentially offering up his cash (500k), to purchase properties for himself (he can't bid on them personally because he does not have an ID), and also to bid on properties for us to wholesale. I was planning on going to this auction anyway, as I have a few friends who have done very well with this company in the last few months, but I only have the resources to bid on one, or maybe 2 properties.... If I have 500k to play with, well, that changes things completely. Like I said, we are still ironing out the details, but it is looking pretty good at this point (I will explain more of the details later). Even if the auction doesn't work out, it's always nice to know that you have someone with 500k liquid cash (although I think he has much more than that), who trusts you with their checkbook- ya know?
And, finally- look what I found in the mailbox yesterday..
Wooohooo!
Countdown to Costa Rica..... T-minus 30 days!
Friday, January 23, 2009
Passports and Auctions, and Stuff..
Subscribe to:
Post Comments (Atom)
10 comments:
Hey Steph, which company is doing the auctions in Tampa?
Hi Shae- here's a link:
http://www.ushomeauction.com/
Looks like they have one in Ft. Lauderdale on Feb 8th.
What part of Costa Rica are you going to?
Jaco. :)
For long Steph? Luckeeeeee :p
6 glorious days..
Hey Steph,
It's interesting that if you have a dry spell of no accepted offers, you start to believe this stuff doesn't work, and you panic again, even after all your success last year. That fear thing just keeps trying to creep in, even with lots of success. That is a good thing to know, thanks for being real about it!
Also, I am reading this e-book about the economy, and where to put your money now that the US is being flushed down the toilet. It mentioned three places, Switzerland, Panama, and Costa Rica. It said Costa Rica is the perfect place to invest your money because of great government, easy regs, low taxes, stability, and a bunch of other good things. Maybe you should think about looking for a vacation home there? It got me interested, maybe I can make a trip there sometime in the future. I just renewed my passport in 06, too.
See you later!
Hi Tim,
Yeah- those fears always creep in, but I don't ever let them linger in my head for long.
My friend who I am going to be staying with in CR is involved in real estate developement there, so this is sort of a business trip as well as a "party my ass off" trip... :)
I was in Jaco early last year. I would suggest taking a day to go down to Manuel Antonio. The place is amazing - we're talking monkeys climbing around you in the trees on the beach. And expect whatever you take to the beach in Jaco to be stolen - so cheap flip flops, no camera, no cash, etc. Take some surfing lessons there, the waves are crazy. No storm surge or anything coming in, and we had consistent 8 foot waves for several hours.
http://tinyurl.com/islatortuga
Cheers.
Wow, Joe- those pictures are awesome! Thanks for sharing.
I can't wait to go..
Post a Comment