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Thursday, August 6, 2009

The Deal of a Lifetime...


The two properties featured in the videos below will likely go to other buyers bidding more. We have one outstanding bid on a great property, and we have 3 more bids on the way next week. It's a numbers game. So far, we have put in 6 bids since July...with 3 more on the way, that's 9.

Robert Kiyosaki's book, Real Estate Riches, teaches the 100:10:3:1 Rule. "If you look at 100 properties, put offers in on 10, and try to arrange financing for 3, you may end up buying 1. We have definitely looked at 100 deals or more, and by next week, we'll have put offers in on 9 properties. Let's see what happens!

Another great real estate investor says, "The Deal of A Lifetime Comes Once a Week." :) We believe that's true, so we'll see what deal the new week will bring. Keep you posted!

Tuesday, August 4, 2009

IPMs + iClub Tour Potential Investment Sunday 8/2

We are waiting to hear from the bank on this property in the 16th Street Heights neighborhood. They countered our original offer for $11,000 more, we submitted the paperwork to accept, then all of a sudden we were facing some competition from another buyer! That's the name of the game. We will not overpay for a property, so we will keep looking if we have to (actually, we're always looking).

Stay tuned for the latest news. Here's a video clip of the one we are currently negotiating (those are the tenants voices in the background...they are in the process of moving).