Nothing coming my way

Okay every one of my offers was either rejected or countered for a whopping $3k - $5k discount. Well, with the exception of one HUD property. I thought they would discount at a 60% NET of asking price but they countered at 70% NET asking price. We're going to look at the house tomorrow but I think that is still too high for me. That sucks b/c I've been watching this property for a looooong time and it will probably sell to an o/o. This is in a neighborhood that sells but my price would not have a big enough discount even for an o/o. I guess I'll find out tomorrow what the property is really like?

I just feel like things have stalled. I know something will come up eventually but I want something now, of course!

Enough of the venting...

Life and more offers

I'm looking out the window today with a beautiful sleeping baby in my arms thinking, "this is the life". I looked around and have a completely messy house (the 2 and 3 year olds are not happy unless there is crap thrown around everywhere), the kids were feeding the dog their lunches and I have a mound of laundry. BUT, I still thought I would love to have the option of staying home. I know I sound like a broken record but this is WHY I continue with REI. My main focus is my family. Without them I don't know if I would have been successful, not that I am all that successful now but I'm doing it! Don't get me wrong, some days I wonder how I will make it through the day without killing someone but I STILL do not want to go back to work. I guess I should be lucky that I have a job to go back to with everything that is going on with the economy. I will try not to complain too much, some people have nothing.

On to the offers - I made 7 offers this week. The 2 HUD properties I've been watching FINALLY went down in price. One was a 1st "Significant Price Reduction" and the other was a 2nd "Significant price reduction". So I offered accordingly. I'll find out next week if they were accepted or rejected. Another property I put an offer on went to auction yesterday. I haven't heard whether it was bought at auction or if they will counter my offer. I imagine I'll hear some stuff Monday. I hope something pops soon because we're broke again. With all the work we've been doing on the house and having to get the mini-van, all our reserves are gone... again. This sucks! I can't wait to be somewhat in the clear of debt. It is a terrible thing!!

Gonna go give the kiddies a snack.

Almost........

So a property came on the market in a good town for $59k, I put in an offer of $55k right away (sight unseen) to get something going. They accepted the offer but I had to go see it and I had an inspection contingency in my offer. Well, the property was WAAY worse than it appeared in pictures so I lowered my offer to $20k (I know, you can all laugh). They came back with an offer of $50k. I told my realtor the highest I would go is $25k, cash. I wasn't crazy about the property and truly didn't want it but lo and behold they accepted my offer of $25k. Woo hoo! This was Friday.... Monday morning rolls around and I get a call from my realtor saying someone else put a higher offer on the property over the weekend so they're taking that one. CRAP! The acceptance was verbal and only I had signed the counter offer of $25k as of Friday.

This would have been a great deal! Urrgh. I am looking to put 2 more under contract before the year is out. I'm submitting 4 more offers this week, maybe 6 we'll see.

I only have 4.5 more weeks at home and then have to go back to work. I'm going to go cry now... Oh yeah, I actually did 2 chapters in my real estate course today. I only have 2 left. Now I have to sign up for the test. Not sure I'll pass but I can take it again - ha, ha!

Closing yesterday & offer

We closed on the 2nd HUD property yesterday. Glad that one is done. We sold to an o/o who needed to be handheld through the process. She used a local bank so that made seasoning a non-issue. From the time we closed ourselves to finding a buyer to closing with that buyer was about 3 weeks. I thought we were going to make more on the property but ending up netting about $5k. I was a little bumbed it wasn't what I was initially thinking but that is my fault, I screwed up the numbers. Hey $5k is better than a sharp stick in the eye AND for 3 weeks worth of "work", it's not too bad.

We have an offer on our Jefferson Street property too. They are first time homebuyers so I hope their financing doesn't fall through... They came in about $8k lower than list price but we're taking it. We do NOT want to sit on it through winter and would rather sell with a lower profit than do some type of owner financing (if possible). With this one we should net $8k - $9k. Still sucks for the time we've had it (4 months now) but we should make a profit instead of a loss. Again, better than a sharp stick in the eye.

Nothing in the pipeline but looking/watching/making offers every day.

I'm off to a crying baby... 5 weeks left at home. Even more of a reason to bust my butt so I can be home in 2 - 3 years!

Closing and offers

I'm not sure how to move pictures and do not have time to figure it out right now so the top is my 2 girls, the baby and my 2 dogs.

So it's been a while since I posted but I'm finding it increasingly difficult to set aside time these days to blog. Every time I turn around something is happening in the house. The girls are fighting, crying, hungry, etc... the baby is crying, hungry, wet, etc.... Good times!

We're on point to close next week on the 2nd HUD property (to sell it). YEAH! We'll have a bit more money coming in. I was planning on paying down a credit card BUT we need to get a mini van. So, 1/2 of it is going to a down payment for the van and we're still going to have a hefty payment. It's always friggin' something, ya know?! I know you all know that! With that said at least we'll have a down payment and some cashola in the bank. Not a lot but some. It will come in handy. We have to fix the roof on our personal residence (we had some water damage over the summer) and replace the roof on the garage.

I put in an offer on a 3rd HUD property but it was rejected. I'm watching 2 others as well. I have to wait for each to be reduced again and then place offers.

We put in 5 other offers this week too. Nothing to mention though. One we're pretty close but it appears to have more damage and less bathroom (.75) than I expected. We'll see if it gets accepted and take it from there.

There are 2 other properties that were reduced by $10k so we're resubmitting offers on those too.

I haven't done anything for the RE classes but plan on starting up on that next week (hopefully). I would like to finish before going back to work.

Okay, gotta run.