Patience , Patience , Patience . Things come to those who wait .

[Matthew Paul]

I put in an offer for a house 2 1/2 years ago . As is cash , full of old furniture , the man is in a nursing home . The daughter didnt want to quite part with it , and was a bit upset with the price . Comps were $250K refinished . This house was nice outside but 1950's inside . Needs paint ,kitchen , baths flooring etc . I offered $135K . So I told them if they change their mind , just give me a call . In the 2 years , comps have gone up about 15K . And I just got the phone call tonight , and she asked if I was still interested and could I do $ 140K and close in 30 days ?  I had the phone on speaker and looked over at my wife and got the thumbs up , so I told her , I can do that , but may need 40 days due to a vacation thats planned . 

Now this house is a toss up , do I rent , or do I rehab and flip ?  i can knock it out for about $30K in 6 to 8 weeks, price it around $240K and clear around $60 to $70K or I could rent it for $1900 a month and sell it in a couple years and still clear the same . 

When I buy I like to use the " I really dont care if I buy the house attitude "  No pressure , I dont pick the house apart that they grew up in , but I do tell them I have to make money doing this or whats the point ? 

 What made them go with my offer ?   The wholesalers did . They responded to some of the yellow letters and got some insulting offers , and insulting attitudes , all while insulting their "home " . My offer wasnt the highest and it wasnt the lowest , but it was in the lower end .  

[Matthew Paul]

@Account Closed The title was from my father , when I was younger I was very impatient , He use to say " everything comes to those with patience "  Well it took a few years but I understood what he meant . I have gotten deals on houses , cars and trucks , equipment just by saying " When you are ready to sell give me a call " . This recent deal worked out well , 6 months after I first talked to her I found another deal working on a customers house , the mother in law was moving and they were cleaning out the house and the husband was complaining about cleaning out all the junk and he was too old for that kinda work . He wanted to sell the house with the old furniture in it an be done with it . So I bought it junk and all .  It would have been difficult to buy both within 6 months , but in 2 and 1/2 years , not a problem .