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re: Generating Multiple Revenue Streams
Posted on 10/18/12 at 11:20 am to Fat Bastard
Posted on 10/18/12 at 11:20 am to Fat Bastard
quote:
Doing it all yourself takes a ton of time. Especially if you are busy working a full time job.
This is 100% right. It was extremely stressful the whole way. Since it took them 6 months to clear the title, Isaac cause the insurance policy I had gotten approved for (but had not yet paid for) to be cancelled. Also, I had to change lenders several times since the other 3 units in the association are all rental. No one could spin the loan off. Had to go with a small, local homestead.
quote:
aking calls to get numbers, if all is good you look at property, if that is good you make offer. it is a numbers game if you are trying to buy wholesale. you might make 50 offers before one is accepted.
It was listed at 129k. There were multiple offers so we had to all give our best offer. I went with 132K, I feel like the place is worth 175K long term. Luckily they accepted.
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