Hey DG Fam! It's been over 5 years since I posted to this site (even tho I'm sucking up knowledge everyday I'm on here). Soooo much has happened since my last post I really don't know where to start. Anyways here it goes.
Last time I posted I was a broke college kid trying to find my path. I have since been working tirelessly for as many companies who were willing to pay me the pennies they pay everyone else. I worked for a number of retailers up to my last Job at Saks Fifth Ave. in Washington, DC. April of last year I found out that I was going to have my first child, and now my daughter Aubrey, who's the love of my life. I knew I had to change something if I would ever be able to support her and still not have to live paycheck to paycheck. Its ok for me by myself to live like that, but soon I was going to have someone else depending on me. So something had to change! I started to invest a little more time in REI after I found out about her. It was the first time in 5 years that I did so. I did that up until my birthday this past September when I turned 25, and realized that every second I was working that job at Saks that was paying me pennies, was time I was loosing from an industry and profession that was so much more profitable. 4 days after my 25th birthday I left my job w/o telling any one, because I knew they would not understand and only try and convince me not too!
So now that I had all my time to Invest in real estate I started to dig in harder. 1 because my daughter was months away, and two I had to make myself believe that I could make a dollar without punching someones clock. So the more I networked the more I learned and started to map out where I could find my deals! All of my networking with buyers, agents, and other wholesalers lead me to the probate court!!! I will put that in caps PROBATE COURT!!!!! I found an executor of an estate who was not related at all to the family just worked for animal control, and helped the decease up until the day she passed. Long story short. I got him under a purchase agreement that was assignable, at 250k. Renovated homes in the neighborhood where selling for upwards of 550k. YES a 300k spread. I knew the bottom of the market was around 300k just because a similar foreclosure sold around that price. I could have found my own buyer, but after locking it up I kinda wanted to relax. lol smh... anyways I let my SUPERSTAR AGENT find a buyer for me. we ended up selling the contract for 290k. and I gave her 25% for finding the buyer for me! I KNOW RIGHT I WAS ESTATIC.
AFTER THE DEAL
So of course I didn't make all the investments I should have and Im paying for it today. That deal closed jan of this year, but I did set myself up with a laptop and just enough working capital to get more leads from the Probate courts and reproduce that same outcome. ITS NOT GOING SO WELL. I moved back to Atlanta which is where my daughter is to be closer to her, and now I'm working with over 300 leads from 3 different county courthouses. I think either something is going wrong with how I'm negotiating or something. I am setting up meeting, building relationships, and finding hot buttons, just haven't been able to reproduce that outcome and its been 4 months now! It could be just as simple as more work and more offers!
Im in the atlanta area now and if there are any investors on here that are interested I am working on a great opportunity in buckhead, but at the same time I just need to get around some fellow investors again. Im dealing with quite a few sellers and a handful of agents. but I need the networking of some like minded investors to bounce some ideas off of and hopefully partner with!
If you get a chance to read this, THANK YOU SO MUCH FOR OPENING MY EYES WHEN I WAS A LOST COLLEGE KID, AND I THANK YOU MORE THAN ANYTHING FOR HELPING ME BE A GREAT ROLE MODEL TO A BIG GENERATION OF MY FAMILY COMING UP AFTER ME AND MOST OF ALL!! I OWE IT ALL TO YOU THAT I WILL BE ABLE TO PROVIDE THE KIND OF LIFE I WANT FOR MY DAUGHTER, THE ONE I DREAMED OF AS A KID! YOU ARE A BLESSING TO PEOPLE YOU NEVER MEET JUST BECAUSE OF THE THINGS YOU TEACH. I FELT LIKE I OWED YOU THIS POST BECAUSE YOU TAUGHT ME EVERYTHING I KNOW ABOUT REAL ESTATE!
"Progression beats any recession"
Good faith on all future ventures guys