My Real Estate Dream

[Shiloh Lundahl]

My business partner and I, along with my assistant, where going down the street knocking doors looking for properties to buy.  We got into a home that was pretty cluttered with things (semi-hoarderish property).  We were talking with the man (mid to late 60s) who owned the house about his property.  I looked out back and noticed that the house was on anchorage and that It had a guest house in the back.  The wife took me through the guest house that was 2 levels, and had 3 bedrooms.  The main house was a single level probably around 2000 square feet.  She started sharing that they raised their kids there but now all their kids were gone and they needed to move pretty quickly because of a situation like a foreclosure or something.  I started to get excited and I asked my business partner to go over numbers on how we could buy her house right a way with cash.  She only owed 107k and my guess was that the property would probably sell in the 500k range after we put 150k or so into it.  

The only problem with this whole deal was that it was absolutely not real.  It was a dream that I had last night. Talk about waking up to disappointment.  

I know that it is common to have the "going to school and suddenly realizing you are now wearing pants" dream.  Or the dream where you are falling and all of a sudden your body jerks itself away.  But have you ever had the real estate dream where you find an awesome deal just to realize that it was only a dream?

Thanks for your posts.