We put alternative exist strategy triggers in our project schedules :  The triggers:Short term balloon note date- If we've borrowed $ then 6 weeks before a balloon note is due we'll start the process of paying off the balloon & move the project from a flip to a hold.Sales comparable average Days On Market (DOM) - We'll qualify a project for a flip if the sales comparable average DOM is < than 90 days.  

Even when you want to scream, shake your fist and pull your hair out. 

Think about this, where would you be had you pulled the trigger back in 2011 when you started?

I have been investing in Chattanooga, TN for over 10 years and have used multiple Realtors with mixed results. So after much debate I decided to get my Realtors license. I am already seeing the benefits. I can see hou...

People respond to free educational information, specific emotional triggers that exist in their mind, and reassurance that the information you provide is (either directly or indirectly) going to help them solve their problem(s).  

My experience is not enough charge them.I can instantly tell the difference between two vendors between one will do everything for free and one values their time.The one that does everything for free will be lower priced, lower quality, hard to communicate with, frustrating to work with, price oriented instead of quality oriented, typically late all the time, cutting corners, easy to have misunderstandings with, be unsophisticated in his business practices, typically will always lead to deep, ugly problems of some sort due to personality issues, will be reactive during the project, voice mail that is full or phone dead, will require a tremendous amount of babysitting and aggravation from start to finish.The one that values their time will be higher priced, easy to communicate with, quality oriented, on time, will require no baby sitting, will be proactive during the project, typically will be a very easy and painless working relationship.There is more money to be made in the long run when you focus your time on what's important to move your business ahead, freeing up your time and aggrivation allows you to increase your income faster than babysitting everything and pulling your hair out and everything taking 3 times as long.

But as a first time REI deal, should I make sure I get the best situation before I pull the trigger or take what I can get just to get the first one out of the way?

The place is in good shape.They have a first mortgage on the property for about 88K.They have a second for about 11K.They were charging $700 per month in rent ( tenant just moved out).They are planning on contacting a Realtor to sell the place.They seem motivated to sell - fed up with it - want it out of their hair.  

Actually just pulled the trigger on the first deal remotely, so you don't have to wait until you move back to get started, either

I was literally on the verge of pulling all my hair out when I found my way to NREIG.