Just updating...

[Ed L.]

Hey BP Community!

Been busy lately and haven't been visiting the forum as much as I used to..

Some observations I've made over the past few months...

Rural land market has been slowwwww.... This has been my bread and butter since getting started in RE and I find myself feeling depressed I'm not showing much land.. My investor clients are getting kinda hard to work with..

My commercial office building has been doing great.... Maint has been almost nothing lately. Am losing a tenant on Jan 1st, but my wife was needing a place to operate her ebay operation... I look forward to having her back next door at my RE office.

Set to close on a flip sale tomorrow morning and am looking forward to getting a payday.

Submitted 2 offers on REO today.

One is a early 1900's farm house on 5.5 Acres for $25,000.

Other is a house in town that was remodeled and sold in 2008 for 130,000.. Asking price was $65,000 and it actually was in great shape... I was shocked to see it looked exactly the same as in 2008..

My real estate brokerage is doing well, but it seems like I'm just getting lucky lately... Call volume isn't as high as I like it to be.

I was supposed to purchase a duplex a few months back... Luckily the seller had title issues and the contract was canceled.

I was accepting apps on the duplex before closing and the tenant quality for duplexes was crap compared to SFR.....

I also found out that long term fixed financing for rental property is exceedingly complex to obtain at this time... My banker could only do 5yr fixed with 20yr amm.....

I'm going to avoid rentals until I have some large cash reserves that are collecting dust in my savings account...

My wife has always dabbled with buying and selling clothing on Ebay...

Lately she has been using my LOC to buy and sell on ebay and it has really allowed her to grow the operation...

That's life lately! Bit stressful at times, but I'm lovin it...