Cathyb's REI Journal

Hello Cathy
Im glad to see your still rolling along. I hope your deal works out with the other DGer. Keep at it and you will get there as things will get easier along the way.
Hope all is well
Never EVER give up!

Richie

Would love to hear how things are with you, I'm sure it has not been easy.
Keep in touch.

or read that.

Awesome rooming with you at The Edge!!!

Let us know how your bandit signs go. Look forward to hearing. Congrats on that other DGer deal too!

Can't wait to see you in a couple weeks!!
Louisa

It is baseball season and 2 of my boys play baseball. I am writing however, about a nasty tenant that I was finally able to evict. He was a rent to own buyer that I tried to evict during April but lost. The door was left open, when he was supposed to pay me back rent by the 19th of April and didn't pay it until the 22nd. I got the writ and the sheriff posted a sign saying they had 24 hours to vacate. He must know how this works, because he went to court and got an emergency stay and we were back in court today. This time however I WON! So I will be free of him in one week.

I want to "like" your latest journal post a million times for you Congrats!

What a relief you must feel for getting rid of that nasty tenant!!!! So happy for you, and way to go for going all the way to court and win it!

By the way, it was very nice meeting you at the Edge!!! Next year we'll have to join Louisa at the shopping! or at least go out for a margarita to celebrate!

Im glad you got him out Cathy... Those professional type tenants are a pain. How are you doing? Drop us a line.

I posted in the my deals section recently about a deal where I bought property with hard money did a cashout refi and got 15k at closing. Last
week one of my tenant buyers exercised their option to buy and we closed on
the property they have been renting to own for the last 3 years. I haven't cashed the check yet, due to an issue that the title company has to fix, but
it was a nice 48k+ check. The cash flow on this prop was over 500/month, am sorry to see it go, it was my favorite house that I acquired back in 2010.

Sad to lose the monthly CF, but what a NICE chunk of change!!!

Go find a new favorite!

Karen

PS Just remembered I haven't answered your email. Sorry.

Cathy,

Congrats on taking a big leap. Investing is tough in the beginning. However, as you document your work and move forward you will find things getting easier. Like most things in life, things get easier as you practice.

Your journal helps you focus on areas you need to improve. It also reminds you of the things you have done to succeed. Keep moving forward. It is the best thing you can do to find and continue success.

Best of luck to you. Work hard and make you dreams come true.

Congratulation on a great deal Cathy! Whether you keep it for cash flow or getting it all at once, it's still money...lol. So happy for you and Merry Christmas!

Lloyd

Great to see you on here. Thanks for stopping in. Hope you had a great holiday as well.

I just closed on a new rental yesterday. Purchased on a contract for deed. The owner and I tried to get this one done a year ago but I backed out because the numbers weren't working for me. He called me in November and told me he had another buyer whom he negotiated terms with, but he got a bad feeling about them and would I buy it with the terms they negotiated? Since they were WAY better terms than what he was giving me I said sure! I paid 5k down, and will cash flow a little over 200/mo. I collected 3800 from the new renters for first/last and deposit so actually have 1200 in the deal, which I will earn back in 6 months of cash flow. The part I like the best was a 12 year balloon. I hadn't been getting that long from other C4D. So first deal of 2014 done and working on the 2nd one.

Just wanted to stop by and read your journal, ok not all of it you have been doing it for awhile and thats great!
Congrats on the new deal keep it up,we love hearing about the deals people do its such a great motivator thank you for sharing.

Aaron-n-Suzy

Thanks for checking in with and for the congratulations. Best of luck to your RE business in 2014!

congrats on the new deal! Looks like you are stay busy. Keep us all posted on your progress.

Cathy are you going to the edge this year? I'd love to see you there.

I agree I think this year is going to be big for a lot of investors that are in the market and working it. There will be some big money to be made.

I'm excited to see your deals on here this year.

See you soon