I lost an estimated 10-20 Grand today Cuz I got no Gonads.
I got a email from a realtor a few days ago, he had an 8Plex in Houston for 225K He sent the rent and expense roll. These friking apartments were pulling in $3,500 in rents to long term tenants. The expenses came to about $1500 a month
They had been updated some and they were 2 good looking buildings.
I estimated if someone paid 248K for them with a good loan and interest rate they wud have a $2,000 a month cash flow.
I sent it to my regular buyers, they were asking questions but buying in another State makes them a fearful bunch of limp wristed pansies.
I told the realtor I wud take them, he said he needed 3K for a non refundable deposit. What did I do, I hesitated, just a few hours later he emails to say he accepted a deposit on them.
If I had some gonads I wud have jumped on it like an ant on a bug.
I cuda afforded to lose the 3K but I was dancing down pansie lane in doubt and hesitation. You wuss, A real investor wud have taken the risk.
At some point I will start buying some of these insane deals with some private funding and profit sharing.
Buying a few of these insane deals cud be a game changer.
Rando
Apparently Realtors are good for something
Well it seems that occasionally they come across some discounted properties.
I did an $8,000 deal and a $12,000 deal thru realtors and a $6,000 on a burned house.
Wouldn’t it be great if we could train them to find us discounted properties that we could profit on consistently??
That means they would be doing their job. Retail buyers are easier to deal with, they pay full price.
Don’t get me started on realtors. I luv them and hate em.