2/12/2009
Been a busy week so far.
The duplex deal with Murphy closed yesterday, so our curse has officially been lifted! It's about time.
I've been making a lot of offers lately, and have been getting counters back almost every day, which has been keeping me busy.
The deal that I'm losing money on is closing tomorrow. Watson Title has been a slow piece of inefficient garbage on every other deal that I have ever worked on with them, and of course, the one time when I could benefit from their suck-assery, they end up being Johnny on the Spot and have everything ready to go on time. Sons of bitches.. I'll be losing about $800 on this deal, and although it SUCKS to lose my hard earned money, I'm kind of glad this happened, because I learned a lesson.... my deals need to have way more wiggle room in them, and so , I have been making my offers a lot lower. I'm talking, ridiculously, embarrassingly, low. I don't expect many of them to get accepted, but all I need is one/month, (as opposed to 3 or 4 smaller deals), and with the amount of offers I'm making, this is a very attainable goal.
I've been kicking some serious ass in the gym lately. I can almost see a six pack again. Woohoo! Working out is kind of like real estate investing... It's hard as hell in the beginning, but once you get some momentum going, it's a great feeling. Very empowering.
That's about all I've got for now.
Roger Dodger, 10-4, Over and Out.
P.S.
Richard, here's a picture of the mason ladder I use to make stakes for my signs....
P.P.S.
Countdown to Costa Rica: 10 days!
Showing posts with label making larger profit margins. Show all posts
Showing posts with label making larger profit margins. Show all posts
Thursday, February 12, 2009
Curses, and Lessons, and Stuff.
Posted by
Steph
at
6:17:00 PM
12
comments
Labels: closing REO deals, flipping reos, flipping reos wholesaling reos, losing money on a deal, making larger profit margins, reo flipping, Watson title sucks
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