Third post twice that good! I hope everyone has a great day, we finished yesterday on the subject ...

Original publication date on the United States Real Estate Forum on Facebook:
2018-12-31T13:36:01+0000

Third post twice that good!
I hope everyone has a good day,
We finished yesterday on the 1031 law so we can roll the profit into the next deal and thus use more capital.
I'm looking for the next deal. You have to start looking before you sell the property. Looking back, I can say that the time between the moment you entered the contract and the day of sale of your property is the most important time.
On my part today I would stop doing anything else that I do just to take advantage of the opportunity, if you can even play a little with the buyer and with the clearing times do that too.
I sold the building but still had no property on the horizon, I am looking for a regular every day, the market is boiling and I currently do not see light but only properties that have no choice I will buy them just so as not to pay taxes.
Then comes the long-awaited phone, there is a building that is not famous on the market!
Two apartments and a shop, located on a street between the years 2006 to 2009 I would pass there almost every day, even if there was a red light I would try not to stop with the car, which I was sure to make sure the doors are locked.
7 to 10 years ahead, beautiful area, young people, educated, private homes at inflated prices.
The price of demand $ 1.5 million, I entered the building and we did a quick turn, realized what we were looking at, I went outside and told my agent to bring the contract at any cost even if you have to pay the price of demand, just bring the contract!
Here I want to sharpen a point I learned from a friend who is an older contractor and deals with much larger properties, we all want to get a deal but in real estate many times it is important not to buy just because they took some money off the demand price, at the end of the day there will be only one buyer per property If there's a good deal here, make sure it's yours!
I got the contract!
I signed, we sent back to the seller, do you think everything goes easily?
Definately not!
For almost two weeks the seller does not sign the contract, we bother them every day, nothing helps.
Get a phone with the gospel, they did not sign that someone came up with a $ 1.650 offer !!!!!
150 A thousand dollars above me !!! THIS IS MORE 10 !!!!
What the hell?!?!?!?!?!
Two or three days of confiscating the matter etc.
Remember the hourglass I have on my head with 45 Day to report what building I'm buying?
So he came, I shot 3 addresses, I had no direction even on one of them! But I added this building as well.
A few days later I see that the seller still does not give up on us and that I do not see any building worth buying more than that.
It turns out that the buyer who agreed to pay more came with a list longer than my wife sent me to the supermarket before Pesach and this bothered the seller, he just wanted to sell a building that is in excellent condition.
Out of the ordinary, six people were on the line: a seller, a buyer, two lawyers, two brokers.
I thought that within 10 minutes we would sew it up.
3 A few hours later, everything was stuck and I could not find a way out. I asked everyone to listen, I told the salesman I was talking to him, I gave him 3 options:
1. The first way of doing it.
2. A second way of action at my price after I raised ($ 1.600 million).
3. We do not decide now that for me he does not want to do business with me and that they will not call again!

It took him exactly 10 seconds to tell his lawyer that they would go with my course of action.
It took another week for us to formulate the contract, but everything went well, $ 1.600 million.
Two apartments and a shop:
A shop (a laundry owned by the guy who just sold me the building) $ 4700 per month.
Apartment 1 - $ 2425 per month.
Apartment 2 - $ 3000 per month (the apartment was empty and the bank asked to rent before closing).
Monthly mortgage payments, taxes and insurance are just under $ 6,000
I got to the point I wanted before I decided to sell the first building, the goal was to double my monthly income.
I do not know about you, but I did not light up the thought of seeing a large sum in my bank account. I'm turning on the interest that a fixed amount will come in every month, that's what I'm here for!

This is for today,
If you want to ask questions or share experiences, be fun!

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