After not receiving a call yesterday, I decided to call the tenant first thing when I got a chance today. Fortunately, he called me before I had the chance. According to him, he paid the water bill, but the water company somehow mismanaged the payment and credited the wrong account (or something like that). Anyway, he said he got it straightened out. After we hung up, I called the water company, and sure enough they show it was paid. The tenant also said there was a snafu in the lender's docs that prevented them from closing last Friday, but they are scheduled to close this afternoon. He also said he has the next few days off, and plans to move his stuff the next two days, and get the place cleaned the next day or two, and be completely done by Saturday. I'm not holding my breath, though.
I still need to finish the flat fee MLS forms the broker sent me and fax them back, however, I am waiting until I know for sure the tenant has moved out first and the place is clean before showing it to anyone. He mentioned to me before that the weather stripping on the bottom of the back door desintegrated, so I'll probably have to install another door sweep on it, too. I just hope that's the extent of my repairs.
8 comments:
Hey Steve,
Was wondering, since you follow the other popular re blogs around here is how come you didnt jump on the Tulsa investing bandwagon along with Sean-o & Seattle flipper? If these are such good deals being made by the maiden, I figured you would have forgotten about WV & turned your wagons to Tulsa no?
Yes, I looked at the properties, but they didn't fit in my plan at the time. Nice buys for those guys, tho.
So, are you a RE investor? If so, where, and what is your strategy and profile (i.e., buying criteria, property types, niche)?
Hey Steve, what do you mean you couldnt do anything.. If they were "nice" buys, doesnt rich dad advicate tying a property up and finding the money? its obvious your looking for other property to by or you wouldnt be emailing people in WV right? So give up the real reason why you passed on the great deals in Tulsa..
Starsky - I find your attitude a bit coarse. I have answered your questions civily, yet you not only fail to answer my questions, but instead decide to elevate the questioning of my decisions to an attack level. I understand this is your MO around investor boards, but I decided to take the high road. Unfortunately, any future posts of yours that cannot be conveyed in a non-attack manner will be deleted.
Ok Steve, I apologize if you find my line of questioning to hard for you like your buddy Shawn does, so let me re phrase this..
Steve,
I have read the rich dad books & he advises to tie up any "nice" buys & to find the money to purchase them.. I simply pointed out that you were beating the bush looking for properties in WV, while your buddy Shawn is gobbling up all of the "nice" buys in Tulsa. So i guess i am wondering why a rich dad disciple like yourself refuses to tie up the "nice" buys for himself. Thats all.
Please explain.
Thanks
Oh and to answer your question since i didnt, Id say that Im a investor period. not just fixed to real estate. Anything bought at a discount w/ little money with significant cashflow catches my attention...& that includes businesses, equiptment etc..
Starsky - Thank you for a more civil tone - it's much appreciated.
[...] he advises [...]
So i guess i am wondering why a rich dad disciple like yourself refuses to tie up the "nice" buys for himself.
You said it in the first statement, he advises. As an investor yourself, you must understand there is more to looking at an investment than saying 1 + 1 = 2. You have to look at ALL the variables involved. For Shaun, et al, it fit their buying criteria and they bought. For me, it didn't meet my criteria, so I passed. Yes, I could have tied the property up and did more due diligence, but other variables were involved that simply made it a 'no buy' for me. One variable I muddled with was location, while another was age. There was also financing and CF issues I had.
As far as WV goes, I have relatives and friends there who I can (hopefully) rely on for things I can't physically do myself. That is one of the reasons I'm looking in that area. As witnessed in a recent blog, I missed a great opportunity there anyway, and took from it a great learning experience.
The thing to keep in mind (at least, I do) is that advice is just that: advice. It's not something written in stone for every person, every time, in every situation. It's a guideline to use as you make decisions in life. Every person has their own investment criteria, approach, and belief system. Some may follow XYZ's process to a "T", while others totally object to it altogether, and others still who take away peices of it. Who is right and who is wrong? Or is there even a right and wrong? As long as it fits in the individual's goals and makes sense to them, it cannot be wrong for that person no matter who else claims it is.
Your comment below is very telling
"There was also financing and CF issues I had."
Shows you & I were on the same page when it came those issues. So there was no need for anyone(Sean) to back channel you about the very same issue that we both had about those "nice deals".. My MO around investor boards? I only posted on Seans blog so dont know where that came from..
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