This week was interesting. I didn’t spend a lot of time on the business as I got married on Friday and knew the following week I had off work. I decided to focus most of my effort and emotions on the wedding! The start of the week I did want to make sure I at least managed the deals we had and even worked on 2 new deals.
Monday March 14th – Sunday March 20th, 2016
Our OH deal fell through. We were able to get a realtor inside and boy oh boy was this place TRASHED! While the neighborhood supported higher values, the condition, layout, and size of home made it a much less desirable and valued home than we anticipated. We walked.
Tuesday (1 hour)
- Voted – It’s our duty and right (plus these candidates are a mess and our vote matters now more than ever).
- Heard back on 2 of my offers on new FL assets. I believed they were accepted based on the sellers language “sale date __/___/16 – will hold”. It was my belief that will hold and sale date meant our closing date. I started contacting our private lenders and had SEVERAL interested partners within just 24 hours.
Wednesday (Day off – Final Errands for Wedding)
Thursday (2 Hours) – BIG LESSON & LET DOWN
- Emailed the seller of my FL assets for the electronic collateral files and came to findout the “will hold” meant they are no longer interested in selling and will hold the deals. I had spent about 2 hours working on executive summaries to send to our lenders just to be let down and they were GREAT deals.
My ah-ha from this experience is to ask for clarification if wording is vague or easily misunderstood especially when working with new sellers.
Friday – Sunday (Day Off/Honeymoon!)
Total Income for this Week: $169.00
New Sellers Contacted: 0
Offers Accepted: 2 (well, see Thursday)
Total New Bids: 0