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Updated almost 9 years ago on . Most recent reply

User Stats

270
Posts
111
Votes
Elliot Smith
  • Investor
  • Vancouver, WA
111
Votes |
270
Posts

First week full time! Can it get better?!

Elliot Smith
  • Investor
  • Vancouver, WA
Posted

Well after a full year of investing part time as a wholesaler and landlord ( 2 SFR) we took the plunge into fulltime. My wife has been fulltime since August of 2015 as she runs all the marketing accounting and day to day of the business. All I had to do was answer the phone and meet the sellers ( still hard to do as I worked 65+ hours at job) We finally decided back in February that it was time that I go full time as well! We were very strategic about this as we have no debt besides 3 houses, had 15 months of expenses in the bank, and had built great momentum with closing 4 deals just in January.

So the first week has been awesome, we closed on our first short sale deal on Monday with a partner $108500 PP $35k Rehab $220 ARV. We have a $10k wholesale deal closing on Friday. I started a new short sale, and I have 2 offers out that I expect to get accepted as I was able to basically give the sellers what they were asking for. I also started to volunteer on a 7-9 year old little league team which I am very excited about and got to play golf twice. At this point I am not really sure what to do with all the extra time that I have as I have basically had no time in the last few years for anything but work. I am very thankful for all the people that have helped me get to this point in my life and am very excited for the future!

Couple key people @Tarl Yarber @ Tucker Merrihew and a few others that are not on BP.

Most Popular Reply

User Stats

5
Posts
1
Votes
Emma Morris
  • Draper, UT
1
Votes |
5
Posts
Emma Morris
  • Draper, UT
Replied

Great to hear of your great news! Keep it up, it will only get better. As a newbie, I hope I can say the same in the next year. Congratulations to you and great success to continue!!!

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