OfflineSo Locking up a deal on contract was the Easy Part, it's the Title company that is taking way too long to
do a Title Search. So I din't know that 5days would turn into 5 wks. Apparently the seller didnt record the title when he purchased and paid off his loan to the original owner so it posed for problems, of which I am learning all the lingo to boot! Not sure if it "conveys", my broker, "yes it does convey", Title Co, we need to order a survey of property and "metes and bounds".....and the terminology goes on and on.
Yet it posses a great deal since it is a C-4 zoning and I already have an interested buyer, hope he holds out for the long haul! If he does we will sell at 75k
I have it locked at 53K and my broker and I share the profit (he brought the buyer) 
" I can't control what life does to me---but I can
control how I react to what life does!"---Lewis Timberlake
"Go confidently in the direction of your dreams.
Live the life you have imagined."--Henry David Thoreau
Kathy from the Sun City!
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096
Sounds like a great deal, and a learning experience all rolled into one big headache! By the time it is all worked out you will have earned every penny of your profits! And it will be SWEET indeed!!
Hang in there!
Those who kill time murder opportunity.
"Beloved, I wish above all things that thou mayest prosper and be in health, even as thy soul prospers." III John 2
"To get up each morning with the Resolve To Be Happy is to set our own conditions to the events of the day. To do this is to condition circumstances instead of being conditioned by them." Ralph Waldo Emerson
However, you are gaining valuable experience along the way.
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
sounds like you have a great deal in the making; and it is good that you have a Title Company doing what they're suppose to do, or better stated, what they're paid to do...
you will be happy with your end result!
Valerie
“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 possitive reenforcement, it helps to know that there is light at the end of the tunnel and glad that others see it as I do. Now for Monday to see what else Title Co has done in order to move forward and close!
Happy Profits!
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096
" I can't control what life does to me---but I can
control how I react to what life does!"---Lewis Timberlake
Take your own advice, and learn from it. Best wishes on this endeavor and learning experience and many more to come.
Kim
Taking my own advice is what I HAVE done! Silly, it's why I'm posting, learning experience, Crazy is just a fierce analogy, to explain that I haven't given UP!
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096
Making big strides!
Talked with Title company this morning,they have ironed out lots of issues for us and are very close to closing. I locked the contract up on a house that had many issues but I locked it so low that I knew I would have lots of wiggle room to assign it if Ineeded to. I found a partner to join venture with, he brought the interested buyer and I the contract with a Wholesale Price offer. It just so happened that the property was in what is classified as a C-4 Zoning. Great for commercial business and sold at 53k plus my 5k assignment is a steal for any business owner looking to buy his own property. So my luck progressed from there as my partner who was bringing the buyer is a real estate investor/Broker mentioned it was worth much more and if we sold to his buyer at 75k we could split the profit! Sounds great, so I will double double close and we will sell later that day to end buyer for a steal even still since his property he was renting was eating into his profits, he out grew his space and needed to rent another to store his materials for his business. After all is closed and fees are paid, I will make a conservative 9k for a small amount of work on my part, the only nail biting was waiting on all the issues to be ironed out with title company, they did all the work!
Awesomness!
" Today I begin a new life. Today I shed my old skin wich hath, too long, suffered the bruises of failure and th wounds of mediocrity. Today I am born a new and my birthplace is a vineyard wher there is fruit for all."-----
------OG Mandino
"I can do all things through Christ Who Strengthens Me"
"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia
Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096