I had a fairly busy week. Sadly very little to help my progress in real estate. I thought I would give a quick update.

I am still waiting on the probate house. The owner is still hesitant of selling just yet. The wholesaler is confident that it will happen soon. He doesn’t know it, but I am in no hurry. I will keep working all my other deal paths in the mean time.

I looked at a house on Thursday. The owner is asking 120k now originally 150k. FMV is 120. Their agent is uninformed. I wouldn’t pay more then 50k for the home with the amount of work it needs, its location and a host of other factors. Even if they took that low, I would have to throw an asbestos contingency into the contract. They have some funky tile on the ceiling that I honestly don’t know about. The home is owned outright, so I may throw in an offer and see what happens. I wouldn’t want to do the work, but I can certainly wholesale it. I can also have a buddy at work check the asbestos content.

I want 200/leads per month. With probate costs per lead, that is somewhat cost restrictive atm. I am think of other options to add to that list. Driving for dollars, making low bids on reo’s, and possibly searching melissa data for homes without mortgages. I also like Nick’s subject2 course. I’m trying not to get distracted with 100 ideas, but the real idea is to buy and sell homes. Any one of those things are ways to find the homes, with little extra time and cash.

Some ideas, I’ll have to toy with. I’ve been time mapping my days to improve my efficiency. Mondays are pure work day, Tuesdays are errands and mastermind., etc etc. It has helped somewhat. I’ll have to stick with it. Weeks like this don’t help though. I’m not complaining mind you, but I get frustrated when I can’t get what I want done, because of outside influences. Small update, but thats it for now.