3rd Times a Charm

3rd Times a Charm

Had 2 deals fall through at the last minute.

#1 - Was going to do a Sub 2 with the seller and then rent it out. At the last minute the seller decided he wanted to try to sell his house outright again even though I had shown him all the comps for that area, and he was about $60k over priced. Can't push people too hard if they don't want to do it. He thinks his house is worth more than the market is willing to pay. Maybe he'll be back in a few months.

#2 - Found a desperate seller. Had 2 different buyers interested. Got them under contract for 50%LTV, only needed about $10k of work. I even had a future buyer interested after the rehab. Seller was behind about $7k in taxes so needed to sell asap. After I got it under contract, both of my buyers backed out for personal reasons. I scrambled to find someone new in a short time frame, but couldn't. I ended up terminating that contract. I did give the sellers a few hundred bucks because I did feel bad it fell through, as I know they were counting on it.

#3 - The same day I got a call from a landlord moving out of the state. Ended up getting a house under contract via seller financing. Nothing Down. Balloon payment down the road. Price was $60k. Value $90-100k. Minor touchups needed. House is already rented for $1200/month with tenant paying all utilities. My only payment is to the seller at $650/month.

Ended up being a good day Smiling


Hey, I am a real estate investor. I buy/sell rental properties in Iowa/Minnesota. Im always looking for new techniques to use, and new people to network with.


Congrats on your deal. As you discovered the key to success is to never give up and keep on pushing forward with persistence and effort. It came true the third time was a charm for you. Good luck on this deal and thanks for sharing with us. Believe and Achieve! Smiling - Joe


YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures

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Joe Jurek CPA

That's great

Way to keep going and not give up,great job.

congrats huismn

you may want to fill out some info on your profile so that other investors here can know a little about you and where you're from so that we can network with you.

As I read about your first deal that fell through... if you network with other investors, someone may be able to bring a buyer for your deal, and you can share the profits; better than losing a deal and maybe even you credibility with sellers.

Wishing you continued success,



“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


Thanks for the informative post and I'm glad to see that perseverance pays off again. All the best to you in future deals and building your wealth.


John 14:6

3rd time

Congratulations to you!


Patti D

There is no such thing as

There is no such thing as long lasting business in real estate. - YORHealth




https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Great job! Persistence always pays off! If you can make it past the deals that don't work out and chalk it up to learning experiences, then success always finds you in the end!

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