Just got a phone call. Another offer accepted this week! My agent can't believe it. This is a sweet deal. I got a call from my property manager the other day about a couple that approached him about finding a 4 bedroom home for rent. He had his eye on this home that was in nice area and has 4 bedrooms 1.5 baths that is in great condition. He called me and told me about them and this house because I told him to keep and inventory of buyers. He sent the couple over to the house to look at it to see if they would like it and they did so he called me back. I ran over there today and really liked the house. The woodwork in the house is awesome. I called my manager back and asked him to have them fill out the application and see if they are fully qualified. They were more than qualified and are willing to do the paint work in the house! So I submitted a low offer. It got accepted just a few minutes ago. The agent said that the offer was too low and that he couldn't see it getting accepted but we submitted anyway of course. Here are the details. House is assessed at $106,575, it was listed at $89,000 for a quick sale, I bought it for $75,300! Keep in mind this is a hot market. Properties in good areas are lasting very long. I had at least 10 properties this week that I wanted to look at that were already pended within 2 days of being listed! Here is the best part of this deal. I already have the renters locked in for $1000 per month. The day I close is the day they move in. Taxes=$135 per month. Ins=$35 per month. Management=$60 per month. 100% financed at $475 per month. Total expenses=$705 Rent=$1000 Total cashflow=$295/month. Equity=$30K Tenants pay all utilities and light maint. No vacancy! I have some flexiblity here because I could flip this one or assign it also.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!