My last property I acquired took almost 3 months of counters.ARV = 115KRehab = 7KCost = 20KProfit = 17250 (15% Min)MPP= 115K-7K-20K-17250=70750Listing Price = 92K, 240 DOMOct 1st Offer 52K cash, rejected 92K counterOct 7th Offer 55K cash, rejected 88K counterNov 1st Listing Price Reduction to 82KNov 1st Offer 55K cash, rejected 79K counterNov 14th Offer 57K cash, rejected 75K counterDec 1st Listing Price Reduction to 72K(I smell BLOOD)Dec 14th Offer 59K cash, close by 12/21.AcceptedI was able to go far below my MPP based on the DOM, pattern of price drops, and the end of the year that was approaching (plus stubbornness).As you go through more of these you'll learn the banks pattern for reductions.

I remind them that it's not "work" if it's also your hobby and in your blood lines.

You can always get a judgment for this, but it is hard to get blood from a turnip.Higher deposits will indemnify you more, but it will also make you less competitive in the market.

After some research, a longstanding close relationship with a non-blood relative can still qualify for the Kiddie Condo Loan, which shouldn't be a problem proving with one of the investors who is also willing to cosign.

A good lesson to always use gloves, safety glasses and maybe a mask too when doing this in the future.Sorry to tell you but that blue liquid was smurf blood.

If a shark even thinks they smell blood they go for it not really that hard or impressive to get investors to call you on a craigslist ad lol.

I am a commercial real estate broker as well as an investor.I would say what has made me successful is the WILL to never QUIT.When I get on a workout machine I go for an hour doing cardio.Most will do 15 minutes,some 30,a few 45,hardly any will go 60.When I run a marathon my mind wants to quit before the body but I push on.The last part of finishing takes the most mental toughness and a will not to quit.You will need this skill in real estate.Making a deal happen will be like being on a roller coaster with many highs and lows.It has taken me a year to close a deal before.When I was assembling land deals I had to talk to the owners sometimes 50 times and it took 6 months to agree to terms and get under contract for the developer I was working with.It will take a lot of time and blood,sweat and tears in the beginning but it will build toughness and character.Remember if it was easy anyone would do it.Their is competition in EVERYTHING you do.You have to find something you enjoy and then strive everyday to be the best at it.Work it like a business and constantly gain more knowledge and develop systems to maximize your time.When I close a hard deal that takes a long time I get a great satisfaction that I made a deal work that many would have just quit on.

You might be right in the case of a really crap tenant out for blood...but then again we have to think of what action got him to that point of seeking revenge to go to such an extreme requiring such effort.I have low income tenants and I have never once owned a building where the tenant supplied/paid for heat.

How tremendously int’resting that is – to you.He built up the thing with the blood of his life?

To me this is a small peace premium to pay relative to blood and guts of young folks and the upheaval of war on our soil.