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Updated about 11 years ago,
Funny How the Brain and Subconscious Works
This isn't a success story yet, but could be in a couple of months.
I have an opportunity to pick up a good deal from an investor associate who is looking to get out of a house that has left a bad taste in his mouth. He's willing to give me owner financing with nothing down, but the house needs about $30K in rehab. I thought I had a lender/partner to loan me the $30K but he decided he wasn't ready yet. So I told my associate I needed to find another lender/partner and he said to let him know something by Friday.
So for a couple of days I'm racking my brain trying to think of who I could bring in....approached a few people, but no luck. So Friday rolled around and I decide I need to call him at the end of the day and tell him I'm going to have to back out. Around lunchtime I go to check my box at the UPS Store and run into a friend. Its a guy I've known for probably 20 years....he's never had a steady work history....always been a paycheck-to-paycheck kind of guy......probably the last person I'd think to ask about investing or lending.
So after we get finished catching up, we're walking to our cars and he asks "how's your rental property business going?". I tell him its fine and I'm looking for more deals. He says the reason he's asking is because he's been appointed trustee of a trust for an elderly neighbor and he's supposed to invest the money for the trust. Are you freaking kidding me.....I was halfway expecting him to start laughing and say "Gotcha!". But it's legit.
We're going to look at the house on Monday plus show him another rehab I'm finishing up. If things work he could fund 2 or 3 deals.
Put your brain and your subconscious to work for you.