The title company called me yesterday and told me the closing for House 4 would be today. But, as I was preparing to go–I called to get a figure for the cashier’s check– they told me otherwise. Apparently, they couldn’t get the titlework together fast enough, so they’re postponing for a couple of days. I [...]
Alrighty…. Someone please explain to me why real estate transactions are still done primarily with the antiquated and obscenely slow fax machine. I’d really like to know. We could all be using email for our contracts, made possible with the advent of digital signatures.
The contract for House 5, since the seller is Wells Fargo, has [...]
I read other REI blogs on a daily basis and get lots of details I always wanted to know regarding how other investors work. I don’t particularly like blogs done by real estate investors when they are also agents, since they typically are more in the “active income” mindset. But, of course, sales and marketing [...]
I have been expecting to hear a closing date any day now on House 4. I called the title/closing company I like to use and asked for an ETA. I had heard about a week ago that there were issues with the title–mainly, there were 8 people listed on the title of this property! Apparently, [...]
I suppose this would be the perfect time to discuss my goals. So far, I haven’t taken the time to formulate goals past the next two years. There are just so many variables in this business, I choose to concentrate on the here and now for the most part. Oh, I have general goals for [...]
I may have over-spent a little. We have 36K in proceeds from the HELOC on House 3. However, I found two more great prospects that will take every bit of that, not including fixup. Hmmmmm, creative thinking……
Anyway, here’s what I’ve got. House 4 is in an older area (quite old actually, it was built in [...]
I found House 3 (a 3/1/0) on the MLS. I contacted the listing agent to see the property. They were asking 15K for it. So, you can just imagine how bad it was. My partner wanted to run for the hills. I looked around outside the house–saw a couple of broken windows, some peeling paint, [...]
House 2 and House 3 worked out much better for us than House 1. House 2 is my current residence. But, I still tend to think of it as part of my growing real estate empire. Though for now, it’s a liability–not an asset. I plan to sell it to our business after living in [...]
I know I will say “I” when I mean “we” during these posts, but that may be because I’m the birddog, negotiator, contract approver, bookkeeper, and real estate investing scholar in a prosperous partnership. I also handle the networking aspects, like with real estate agents, lenders, attorneys, and accountants. My partner takes care of all [...]
I’ve been investing in real estate for almost 2 years now, though I’d only bought two properties (three, if you count the one I’m living in) until recently. I’ll call those House 1, House 2, and House 3. Don’t get me wrong!–I have definitely been looking for deals all along. But, I let life (aka, [...]
