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Friday, June 19, 2009

Typical Real Estate Transaction

So I did eventually kick the buyer out of escrow on my Murrieta deal. Well, I attempted to do so, but he refused. I put the property back on as active, found a new buyer for the same price, and put the property back into escrow somewhere else. Today, the old buyer sends me an email that says he is on track to fund by the end of the month. I just ignored his email. What a joke.

My wholesale deal is taking longer than the contract states as well. I have found that this is typical these days. Nothing moves as fast as it is supposed to and for some reason there is always less netted at the close of escrow than expected. Just the way the deals close. I will still make my $7,500 share on that deal. Just need the seller to get her act together and close.

I have been throwing around the idea of either starting a new Inland Empire real estate club or putting together a seminar I could teach 2x a year. I am leaning towards the later. I would like to do a 2 day class and I think I am going to start seriously focusing on that aspect of my real estate investing career.

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