Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago,

User Stats

176
Posts
103
Votes
Mark Graffagnino
Pro Member
  • Contractor
  • Atlanta, GA
103
Votes |
176
Posts

Funny How the Brain and Subconscious Works

Mark Graffagnino
Pro Member
  • Contractor
  • Atlanta, GA
Posted

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.

  • Mark Graffagnino
  • Loading replies...