Well I'll be.. A year later.. We finally have a deal (or two :D)
Friday, December 29
This year. It's been HIGH.. and it's been loooooooow. Shopping, analyzing, offering. Wash. Rinse. Repeat. 13 months of learning. 8 months actively seeking properties. Going into three properties and having to say buh-bye after the inspection comes back with a laundry list of items which look mess...
Seriously. WTF. Can we get a property already?
Thursday, June 15
Man. Thought we had one. FINALLY. It was a six unit in Detroit. Good cash flow. Right price. Lending all set up. Then. The inspection. I shouldn't be mad. I should be thankful. The laundry list of items which came back from the inspector. HOLY HELL, BATMAN. Seriously. New roof. New driveway. New ...
For the love of.... GAAAAH!
Wednesday, March 22
Thought I finally had one, well, two, in the bag. Two 4-plexes in Phoenix. Price was high, which is why they'd been sitting on the market for six months. Or, so I thought. I ran the numbers. Cash flow was great, expenses not bad. There was a good case for rent increase, as the owner hadn't had on...
Here come dem butterflies!
Thursday, February 23
I think, well, I HOPE I've finally found one. It's a 6-plex deal in Florida. The listing says turn-key, but the photo's say otherwise... But, I'm expecting that. As long as there's nothing major. It'll be a private money, interest only/first year deal @ 10%. My stomach is turning. The self doubt ...
The frustration... she's a killin me!
Wednesday, January 18
To say I'm... frustrated.. would be an understatement. Things should be easy, in my mind. Properties are for sale. I want to buy. My credit is good. I have a decent down payment. You have the money to lend. So lend it!Stop with the.. "You're a new investor, and you're out of state." And?! So only...
STOP THE INSANITY!!!
Wednesday, December 14
I've hit the point where I feel like I'm spinning my wheels. I think I have a great offer, only to be told by my broker "I don't think you'll get financing for that area." Well... F**K. So then I get down, thinking, gah, what am I doing? This is insane. So I take a break from reading real estate ...