About a year and a half ago I hit the jackpot all at one time. I believe in putting in a lot of offers and letting the law of averages take over. Well, it almost back fired on me and I was forced to get creative quickly. I had about 5 deals accepted all at one time. Now I could have passed on all but one of them by executing my escape clause but all of these deals were pretty sweet. The bad thing was that they all needed rehab accept for one. Anyone playing the game knows that 4 rehab projects at once is a problem when you are out of money and the mortgages are due in 30 days. Here is what I did with one of them. The house I am talking about I bought with no money down. It needed some rehab before anyone could move into it. I was guessing that it would take my crew about a month to get it done. Remember-rehab is the devil! I hate rehab and try to avoid it when I can. The reality is that it will always be necessary when you are buying a lot of foreclosures. Here is what I did. I sold the house on a lease option to a family who couldn't get a home loan. The deal was that they would have to do all the rehab within 1 month before they could move in and I would not charge them a formal "consideration paymnet". They agreed. So I sold them the house for $15,000 more than what I paid, plus I get the tax bebefits, and amortization. They did all the rehab and created about $20,000 in equity for themselves. Now I have monthly cashflow of about $125 per month and a $15,000 payday looming in the future. If they decide not to exercise their option I will resell they house again for a bigger profit. They win. Plus I didn't have to rehab the property and was able to get it cashflowing quickly. Just one way to make a bad situation pay off!
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!