Finally, the blogosphere is complete--we now have a blog about real estate investment from a newbie's perspective.
Wait...what?
There are thousands of them?
Why didn't somebody tell me that? I would have made my name more distinctive and original. I would have put my back into it.
I hate you all.
I'm sorry...I apologize. I didn't mean that. It's just that I'm a little bent out of shape these days. I know, it's no excuse, but sometimes when you find your...ahem..."boys" in an industrial wood chipper, you get a little "tense." That's me these days: N. Tense.
Let me start over. Hi. My name is Christopher. I'm a man of questionable intelligence and optimistic leanings who bought into some of those Internet "Make Money in Real Estate--Fast!" deals. You know how it is--your boss is breathing down your neck, you just dropped a drive shaft onto the freeway, and your wife tells you you're expecting a little bundle of poopy joy. Maybe you see one of those infomercials on a Saturday morning featuring a parade of doofuses across the screen who made tens of thousands of dollars "in just two weeks!" buying and selling real estate "with no money down!" Maybe you saw a banner ad on YouTube and, looking guiltily over your shoulder, clicked on it. Maybe you went to check your spam filter and saw an ad for something that will help you "make it big," but to your chagrin--and then interest--discovered it was all about real estate.
That's me. I'm the guy who, against his better judgment, clicked on the ad.
But let me tell you something--it's not ALL a scam. There are people out there making more money than a 1920s robber-baron. They're honest, hard-working, and even good Christian people. And they're happy to tell you what to do to copy their success.
The problem is, I haven't copied it yet. I'm on that razor's edge of success, though. Right now, I'm waiting to hear back from the realtor regarding our counter-counter-offer to the bank. If we get it, we could make a ton of money...
But I'm getting ahead of myself. Let me explain the purpose of this blog before I start sharing my life story...
I've gotten into real estate investment full-bore, gung-ho, balls-out, 100% A+ max. (I think I just spoke Japanese for a second...) I've been married for a year, and in our haste to get a "home," we inconveniently bought a tiny condo at the top of the market with a ridiculously high mortgage. Topping that off, we decided to have a baby, who, by the way, is apparently an Olympic gymnast already. (Four months to go). We're living on one salary, and that is only keeping us afloat right now. In a few months, we're going to become one of the statistics in the great march to foreclosure--IF we don't start bringing in some significant cash.
A risk? You bet. It's a total gamble. We bought into two (relatively cheap) "home study courses," and while we have yet to close a deal, we believe we're close to it. So...damn...close...
This blog is my journal to keep track of the process. I hope you will be entertained, informed, and make more prudent choice than I have.
On the other hand, my "imprudent choices" have actually been the best thing for me. But more on that later.
Cheers!
Christopher
Wholesaling REOs- Motivated Listings
6 years ago

1 comment:
Christopher, run the numbers and keep making offers. It is a numbers game on both sides of the coin. You are doing the right thing. ARV * 70% - rehab costs and 16 to 20 offers per month.
"You miss 100% of the shots you never take" - Wayne Gretzky
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