Ok, you may not know, but I am a very active real estate investor.  It’s my day job so to speak (even though it’s really a 24-7 job).  I honestly can’t say that real estate is my passion, it’s not.  I enjoy it at times, like when I get paid for example.  It’s not uncommon to earn $10k for just wholesaling a property (wholesaling is simply finding a property and then connecting that seller to an end buyer…so in a way it’s sort of like a finders fee).  If we actually rehab the property, well that profit can be anywhere from $35k-$200k or more.  Of course it has a level of risk involved, but we try to limit that as much as possible.

So anyway, I have pretty much devoted all of my time working on real estate these days.  I’m not really marketing any of my other services in any aggressive sort of way.  And as of righting this right now, I’m sort of wondering if I have chosen the right path.  You see, my real estate team has just lost a wholesale deal that should have closed (transfered ownership/processed, etc) yesterday.

Ok, well we lose wholesale deals all the time.  I mean if you can’t connect the seller to a buyer, well there isn’t much you can do.  But with this deal, we HAD a buyer.  A buyer who said, “no matter what the appraisal comes in at, we will be able to go to close on Friday”.  It was a slam dunk deal done situation.

Well apparently not. Read the rest of this entry

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