BCRELLC NEW JOURNAL

I hope you didn't forget abut me. My teaching skills of the southern accent should be worth something. And if they are not I will still accept a blank check. But it must be signed. Enjoy the beach.

Randy

Randy, I would have to charge you for using a southern accent in NY. It could get me mugged. I am taking the risk of being taken for a tourist. lol.
Checks are in the mail.
rehab may cost a little more than expected but I am hoping not much more.
I have to contact the Title co in the morning to see whats going on with the closing. Then I need to hook up the repair guy with the property management guy so he can show the repair guy what sec 8 needs to make the apts rentable.
cant wait to get this thing up and running and work on the next one.

Never EVER give up!

Richie.

You can call the City and they will e-mail their regs for section 8. At least you will know then what they require. On most sec 8 they will do only 2 inspection and if you don;t pass they will take you off the list. I not saying ever city is like this but most are, If have the reg at least you will know if your rehab guy is shooting you straight till you get to know him. Good luck. And no I wouldn't want you to get mugged.

Randy

Nice to know you took some beach time with the family! At least with closing delayed a bit you know your check will clear Always a bright side!

Richie I am so proud of you my man. You are looking real good out there on the playing field of REI. You definately practice what you preach. "Never EVER give up!" I just got a chance to catch up with your journal and you are looking and sounding like a bonafide REI. Keep up the great work!

Best Regards,
Shane

Hey Randy, thanks for the tip my friend, I really appreciate it.
I really wouldnt get mugged I only go from home to work and from work to home lol, what an exciting life i lead these days

Laura, Your correct, thats how I took it, I thought the same thing, great minds think alike talk to ya soon.

Shane, thanks, Keep up the aggresive work ethic you have and things will break wide open soon. It has to with all the effort you put into it.
good luck with that pastor deal.

Richie.

Spoke to the Title co today, They are still wating for the corrected recording from the previous sale. Hopefully we can close by the end of this week.
I set up my property manager to meet the repairs guy so they can do a walk through together so there is no misunderstanding on what I need done. Both agreed with no problem. I aksed the repair guy to get back to me afterwords with a total on the added things and a date he thinks he will be done.

waiting to hear back on house# 2, The bid is in so its just a matter of the bank getting off their butts and letting me know if they accept my offer or not. I gave them 120 days for an answer, I had to negotiate that with the agent from 180 days in order for her to submit my offer, But like I said, I did get away with crossing off the addendum that they would be aloud to keep advertising the property after accepting my offer.
Now I can move to the next one and see which one comes in first
I havent heard anything from the SS I started, but its kind of early on that one.
Never EVER give up!

Richie

Popping in to say hello my friend. Heading to the Jersey shore tomorrow for a visit - wish I had time to connect with you...will make that a priority next time! Who knows - maybe we'll be meeting in Florida soon to check out props have a great week and keep me posted on the closing...keeping a cold frosty one on hand and ready

Hey Laura!! always glad to see you pop in. Definately let me know when your here and have time to do lunch or something, my treat
That would be too cool looking at deals in FL,you never know
I think I will chill my grey goose for the closing!
good luck in KC, You guys will make it happen for sure. I am assuming your flying there this time going by Rina's post. Let me know how it goes.

Richie.

Had to come in and catch up on your journal! I LOVE seeing how much you've got in the works. And your posts give a sense of the confidence you have in juggling all these and still fitting in work and family time. You are truly a man to look up to, Richie. And someone i am so proud to have as a friend and colleague in REI! Thank you for ALWAYS sharing and being so giving of yoursefl and even what you're learning.

If Laura comes out just for a visit sometime I might just stowaway in her suitcase to get in on the reunion!! miss everyone.. can't wait til next year's EDGE.

Love ya friend! Keep it up!!

Rina

P.S. How is your wife feeling about all this now? You'll have to take her to see your FL props when everything is said and done.

Hello Rina! Im always happy to see you stop by. Yea I am trying to pick up momentum, like you and Laura said to me,its really addicting once you start. I just decided to put another offer in on a duplex I had known about a while ago. Dont know how Im going to close it out if it gets accepted but I will figure that out some how later.
As far as my wife goes, she won't believe me until she see's money coming in lol. But thats ok because I know where I am headed. I think once Iget the appts up and running she will come around.

Hey that would be awsome if you could come in with Laura!! We could do the city, of course I would need a little advanced notice to make sure I am free .
Keep making those deals happen my friend. You really deserve all the great things that come from them. You are a great person and friend more so.
Richie.

I have a message into the REA we talked about this morning and will keep you posted. Just e-mailed you a little update.

Talk to you soon my friend,

Lea

Ok, I got the call today that we will be finally closing tomorrow am on the duplex, the title recording is fixed and good to go. Set up a wire transfer of the funds to go tomorrow. spoke to my repair guy and property manager to get them to step it up and get the repairs finalized and in motion. Once I close I will call the electric co to turn on the electric. I have to get the insurance done also. working on that in a min lol.

Offer is in on the property next door like i said, and now on a duplex and maybe another duplex Lea has found as well!! omg!! I am going to need more PML if this keeps up.
My SS is on the MLS Just need to get my exit strat down to a science, I am still bouncing around a few different scenarios. Cash buyers is probably the best way to go but its a lot of money even if there is going to be around 70k in equity.

Never EVER give up!!

Richie

by now you have probably closed! way to go! i'm so happy for you. can't wait to hear about the other deals!

Yesterday we were going to close on the duplex. So in the morning I decided to check on the wire transfer I set up the day before to go through.
When I signed into my acct I had a message that the money was pulled back from my partners bank. Of course my heart jumped in my throat when I saw that,here i am closing in 1 hr and there is no money!!! I quickly called the title co and explained what happened, I then called my partner to see what went wrong with the bank. He ran to the bank and found out it was his error. He wrote the check out from the wrong acct#. So he had his bank wire the money to my bank. The my bank wouldnt release the funds til This coming Tuesday. I called them and asked how they can hold a wire transfer for 4 days? and said they are going to make me loose a deal by doing that. In the end I had to call the guy selling to make sure he is ok with waiting til next week to close. he was cool with it and the title co has no problem either. Whaaaat an experience :0 I think there is a greater force that just doesnt want me to succeed But I will never give up
best of luck to all. frosty is back on ice again Laura.

Richie

Hi! D.C...Just want you to know how helpful your journal entries have been and
how appreciated they are. Your perseverance is obvious and a lesson in REI.
Best of luck on the properties you found...and having such a great Buyers List. Will be looking forward to your new entries on your progress. Semper Fi!!

Richie

Your drive is the greater than "the dark side" force. Like D-Lo said, your determination to persevere is a good lesson for DGers to learn from.

You ARE an insipiration, and we thank you for that.

Cya,
Denny

Ok, canceled family outing today, everyone is ok with it I went to the Bank this morning to argue my case that a wire transfer is cash. I went in and asked to speak to the manager, after two others spoke to me I finally was able to sit with the manager. I explained my situation and told her I need that money released today in order to close my deal on Monday. She released it while I was there. SO since I was sitting ther twidling my thumbs while she worked I had to ask her what their stance was on refinancing. I explained to her that I buy cash. She said since I dont have a mortagage that I can get a mortgage asap and didnt need a seasoning period, just that the deed was recorded. I did a double take because this is a big bank.( CHASE). Turns out she lives in my neighborhood. So after speaking to Laura. J once I walked out, she gave me an idea to ask the manager if I can work a loan through her with a Florida branch. She ( the manager ) is going on vacation but I will definately make it a point to go visit her again and see what I can do. So I guess even though my closing was delayed, something good came from it .
Never EVER give up!!

Richie.

See?? What did I say about going in person to the banks? What do you think their answer would have been if you just CALLED and talked to someone?? (and GREAT IDEA, LAURA, about using her to contact other state branches!!!)

Woohooo!!! Richie! You da man!! (actually, that even surprised ME, being it was a large bank. lol)
Thank you SOOO much for sharing that! One more piece of "happy" in the refinance puzzle. Hmm... Maybe you should start a thread saying what happened.

I wish your old journal was still here so you could look back and see how far you've come. I don't know what happened, but since the EDGE you're like a lion!!

Way to NEVER EVER give up, mister!! Woohoo!!!

a little excited for you,

Rina

P.S. I'm gonna use your demand that a wire is cash. I've been in that situation before and it's really irritating. (Did I tell you how proud I am of you??!!! Sheesh! Ok, I'll delete SOME of this later if it looks a little much. lol)

Richie,

Way to go brother!! I guess you going to have to write a book soon.
Hmmmm... 'Never Give Up' would be a good title!

We're so happy for you.
All the best
Denny

You are on fire! A national bank for you, I'm lovin it my friend. Isn't it funny how these things work out? Had the wire transfer gone the way it should have you and her wouldn't have been talking this morning So that cloud certainly had a silver lining.

Go Richie!

Lea

HEY RINA!!, Yea I was thinking the same thing the other day about how I wish I didnt delete my original journal. There were some great posts in that one and it would definately be great to look back on the journey. And yes you were right about going to the banks in person lol. I am really curious to see if Laura's great idea will work. I have to find out because it would open a big door to investing for me. I would be able to use PM and get a mortgage right away as soon as the deed is recorded and pay back my PML. SOUNDS GOOD
I so have to take Laura out to dinner when she comes back.She was on the phone with me this morning telling me she was going to send a fax for POF to my bank so they release my money, How cool is She .
hey does this count as no season refi"S If so you owe ME dinner Rina j/k. hahaha. I do hope you come to NY/NJ with Laura when she comes back.

Talk soon.
Richie

Lea and Denny!! Thanks you two for your awsome comments. You are guys are becoming like family to me lol, I actually speak to you more than my own family lol.
Hopefully things go smooth Monday and I can then focus on Ed and Neil as well as the electric co and ins.
Keep working those numbers on that bulk deal you guys are on. Then just let me know when your ready to lock them up and I will do what I can to help move them with you. I cant wait to hear you guys finish that off!! I am really proud of the way you went out on your own and all the progress you made. when you look back you will see the incredible journey and transition you went through. keep digging and you will be fine. Tell scott you will pay him for leads now hahaha.
Richie

Thank you for the kind words and for stopping by my journal. It really has been a great ride on my REI journey. It just goes to show that you can really do it if you just put 100% honest effort into it and work around any obsticals that get in the way. I always believed in the line if there is a will there is a way and the words my granfather had told me when i was very young always stuck in my head. He told me ,you can have anything you want in life ,as long as your willing to work for it. And he as so right, Here I am working hard for what I want and I am doing it. Thanks to Dean and all the support from people here on this FREE site that I actually found by mistake (thank god ).
There are some incredible people on here that I was fortunate enough to become life long friends with. So I hope you use this site to connect to people and make some long lasting bonds like most of us have.

best of luck
Riche

Rina said it exactly right. You have been like a Lion since the Edge Event. If I had to give someone a "Most Improved Since the Edge" award it would definately be you. After all of this is said and done I will have to buy you lunch for the sole purpose of picking your brain. I have an account with Chase bank also and I loved how you handled them like a pro. I so feel where you were coming from when you posted how you feel like some force out there does not want you to succeed, but it goes back to the words that you always say, "Never Ever Give Up"

I am so happy for you Richie Rich keep up the Good Work!

Best Regards,
Shane

Hey Shane !
Thanks for the kind words. You can call any time or we could just meet somewhere for coffee or a bite to eat.
I have no doubt that you will get that first deal done soon and then all the bricks will start to fall. keep on digging you are sooo close.

Richie

Today I recieved a call from the title company around 10:30am telling me that the elusive closing on my duplex was finally done. What a relief after all that we had to over come. now I can concentrate on the repairs and getting it rented so I can collect that first rental check
Still have some things to get done like turn on the electric and water. The electric I will do asap but the water I will wait until the repairs are done.
As my friend Laura says ON TO THE NEXT ONE !!

Once its up and running I will do a break down of the entire deal so others can see the steps I took in detail.

best of luck to all!

Never EVER give up!

Richie.

CONGRATULATIONS! Denny & I are so happy for you!! You perservered and this paid off for you. Many more to you my friend. Sent you an e-mail giving you a little update on stuff.

Lea

Glad to see you stuck with it even though some-days you thought it would never get done. This is what separates the winners from the losers.

Randy

"And he walks off like the REI Man that he is" Thats right Richie you are the Man for this one. Blow for Blow you stood up to all of your obstacles and overcame. I like how you handled this deal. I'm sure in your head you are telling yourself "It was not that much at all, Just had to make what you knew was Possible simply HAPPEN"

Congratulations what an honor to converse with a Real Estate Investor of your magnitude. I will see you at the TOP!

Best Regards,
Shane