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Kids Random Ramblings

Real estate schedule

Well I didn’t finish off any of those deals that I spoke about. Thursday I was suppose to meet up with the Oxford wife but I got a text early in the morning saying that the roads were icy and to be careful cuz it was suppose to snow too later. And me? Well i’m a HUGEEE baby when it comes to driving in the ice and snow, so I canceled that appointment and we will most likely reschedule for early next week. I see the husband called me today but he didn’t leave a message so I’ll call him back.

I was suppose to meet the Reading husband and wife today at 4pm but he’s stuck in Harrisburg so we will touch base mid-next week and probably meet end of the week or something.

And I finally came up with somewhat of a plan for msyelf. I need to get back into the swing of things to make money but I don’t know if this happens to any of you who do this full-time but does it ever seem like your wife, husband, girlfriend, boyfriend, partner, significant other whatever you want to call them…kinda ALWAYS thinks you’re available to help them out because well “you don’t have a real job.” That happened to me Wednesday into Thursday and I was FURIOUS. But I kept it inside and then I shared it with my best friend and we talked about it and she helped me work through my furiousness lol and to come up with a plan.

So here it is: My OFFICE days are Monday, Wednesday and Thursday…and when I say office, I don’t necessarily mean that I’m actually in the office all day. I just mean that those are the days that I do NOTHING BUT REAL ESTATE. No lunch meetings with my baby, no christmas shopping, no taking Brandon to therapy, nothing BUT real estate. And if anyone, mostly Kathy tho, needs me to help out with Brandons therapy or anything else or even just lunch then they can happen on either Tuesday or Friday as long as I don’t have a scheduled appointment. Because even tho my office days are Monday, Wednesday and Thursday I still could potentially set up appointments on Tuesdays and Fridays, but I will try to still with my office days if at all possible.

My best friend, Donna, made a good point she said “you know and I know that you won’t ever work a 40-hour week….so just pick 3 days to work and those are your office days and that’s all you do is work.”

I thought it was a good idea. So that’s what I’m doing.

We are going away for the weekend to Atlantic City to play in a poker tournament tomorrow. So we’re both excited about that. I think it will definitely be good for Kathy…for the first time since October 20th, the boys’ father will have them BOTH. Their custody arrangment is going to resort back to every other week even though Brandon still isn’t perfect. But he’ll be just fine. Kathy is a lil worried about him going with his father because she doesn’t think he’ll take care of him the way he needs to be taken care of (and that’s a whole other blog, but I understand why she feels that way) but in reality I said that Brandon will be fine…if anything isn’t done properly or whatever he’ll just call or text you (or me.) lol So that made her feel a lil better.

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Random Ramblings Real Estate Investing

Kidney stones, deals and marketing

Ok so can things get any more crazy for me? Just as I promise myself that I’m going to start sticking to my real estate guns so to speak because I’ve been totally out of the loop for like 3 months now guess what happens? I’ll give ya a minute to think…….

Times up. Friday afternoon evening, Kathy, Brandon (her 15 yr. old,) Joe (her 7 yr. old,) and I were out shopping and going to see Santa and all of that stuff. Well from 3pm on I had this horrible pain in my lower back and my side. I, honestly thought it was gas. It was pretty uncomfortable…..I mean I wasn’t much company for anyone to be honest with you. Later in the night after the kids are in bed Kathy tells me she thinks it’s kidney stones and that we should go to the hospital. I’m like nahhhh, it hurts but I think it would hurt even MORE if it was that. So, all night I’m in pain, nothing helped…standing, no, sitting, no, laying down, no. heating pad, no. Nothing. Midnight she suggests the hospital again and I say no way…it’s probably just really painful gas and I’ll be embarrassed. Finally, Saturday morning at 3am Kathy wakes up to find me curled up on the couch in pain, crying like a lil baby. She says “that’s it, I’m getting Joe and we are going to the hospital NOW!” (Brandon didn’t want to go…lol he was smart and kept sleeping….the 7 yr. old doesn’t have a choice but to go with mom tho lol)

Anyway…as it turned out yep….I had kidney stones. They first said it looked like 2 that needed to pass and 1 just hanging out in my kidney. But after reading my preliminary radiology report to my family doctor and my new urologist….it turns out only 1 needed to pass and the other one is hanging out in my kidney. (I passed it Saturday afternoon, btw.) But I’ve been taking my pain meds ever since cuz I was told there were 2 that needed to pass…..and I’ve gotten NOTHING down. I’ve just slept. I’m a light weight and just about any kind of drug makes me sleepy…so every 6 hrs. I was taking pain meds and sleeppppppppppppping. Now I’ve stopped the meds and on to real estate again (urology appointment is Jan. 3rd to find out about the stone, etc.)

Sooo real estate wise, what is up with me? Well still gotta get in touch with a supervisor for that deal whose sheriffs sale was postponed 30 days. I think I’ll get on the phone with them tomorrow and STAY on the phone until I get someone.

And the guy from Oxford returned my call today so I’m meeting his wife 1:15pm Thursday to get our paperwork notarized. Friday or the weekend I’ll probably head over and take pics, etc.

The numbers for this are really confusing. I mean this market is just all over the place. It’s kinda driving me nuts.

ARV: somewhere between $160k and $200k (seriously….but I’m leaning more towards the $160k mark for NOW.)

Repairs: 10k to 20k (mostly updating, etc.)

My offer: I think it was $95k lol I forget. I don’t have the paperwork in front of me.

They owe about $160k but that’s a first AND a second. The thing that confuses me about this short stuff amount and the percentages they say they’ll generally take of the bpo, etc. Is this: it’s the percentage WHO will take? Sure if it’s a first that’s a no brainer…but how does all of that 82% of bpo etc. work out when there is a first and a 2nd??

Then Friday afternoon I’ll be meeting a husband and wife who have a beautiful house in Berks County (Shillington.) It hasn’t sold for like 3 to 4 months now (on MLS) and they get nothing but positive feedback. Again, prices all over the place but the house was priced at what others have sold for…so I’m confused.

ARV: $199k I guess…..I mean it’s not selling over 200k now anyway…..

Repairs: $0

First of $117k

2nd of $59k

Bankruptcy of $20k

He told me everything has to go by his bk attorney first so it gets approved. And the bk attorney said as long as the price pays off the bk and all of the liens on the house it’ll be fine. However, ain’t no way that is happening.

I was thinking along the lines of like $145k to $147k. Pay off the first, pay off the bk and give the 2nd like 10k. If anyone is reading this, what do you think? Will that even fly? I have no idea.

The seller worked out an arrangement, temporary, with Countrywide, they have the 1st, but they are 1 month behind on the 2nd….and well Countrywide wants them to start paying $2300 a month jsut for the first! Plus a $500 2nd, plus $750 a month to the bk. So needless to say, they can’t do that……I don’t know how this one is gonna pan out, but I’ll see. Any thoughts would be GREATLY appreciated As I need to make a buck…slacking off for 3 months does NOT pay the bills. Ok I was only half slacking and the other half I had “LIFE” things to tend to but still…it don’t pay the bills.

On another good note, I sent out 8 postcards lol last thursday, 6 postcards yesterday, and 14 today. I have a headache now..putting things into perspective makes my head hurt.

But this lil guy can always make me feel better:

andrew in bathtub

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Kids Short Sale Deals Short Sale Investing

Short sales and kids and hospitals, oh my

Woohoo! GOOD NEWS to report to myself (and you all) today!

First, the property that I was describing that goes to sheriff’s sale tomorrow? Well the first mortgage called me this morning and said that it’s been postponed until January. Her and I chatted a bit and we both don’t understand what the 2nd is thinking at all! But I’ll keep trying to give them some facts to make them listen to reason. Still haven’t had luck getting in touch with a supervisor per Cory’s advice.

On a personal note: Brandon was released from Children’s Hospital of Philadelphia yesterday. He still has an awesome sense of humor…he texted me asking if I was gonna have dinner waiting for at home when he and his mom (Kathy, my significant other) got there. Then he said he was only kidding cuz he knows I’m a horrible cook. (I’m not THAT bad though.)

They still don’t know what his therapy sessions are going to look like yet, but he still is not allowed to go to school yet. Oh and he’s in full force with his texts asking for songs. (Since he’s been in the hospital I’ve been downloading him songs and making cd’s for him.) So, we’re currently working on a new one for him.

Ok so, I have to work on getting in touch with Loss Mit. Supervisor for the Exeter township house. I also REALLLLLLY need to get my sub2 property sold (that I bought on 9/28.) I’ve been getting a lot of headaches lately and Kathy thinks it’s because I don’t have that property sold (I tend to believe her about medical stuff since she’s a registered nurse although now she does drug studies for cancer medications.)

Also, I had a guy that I spoke to months ago call me today for help. I honestly think I may be able to help him KEEP his house, but I’ll know more after I talk to him in greater detail today. I don’t know what has happened over the last couple of months.

And, the deal that I have 1/2 going on in Oxford?? Well I got the agreement of sale signed but nothing else really. The lady had to go back to work so didn’t have time to get docs notarized. I keep calling the husband but he hasn’t called me back. Well he did call me back once to tell me that the key to the house will be in the mailbox waiting for me and all of the docs I need from them (tax returns, etc.) will be in the kitchen. But I told him I still need to meet with the wife to get stuff notarized and I haven’t heard a peep. Maybe it’s cuz of the holidays???

Anyway, gotta get going now as I’m going to watch Andrew today. Andrew is my best friend Donna and her partner, Colleens adopted lil baby boy. They brought him home from Guatemala on October 11th 2007 and ever since I met him I’ve been hopelessly in love with him. Seriously, I would love to spend all of my time with him. He’s awesome. And he’s made me do a lot of soulsearching actually. I REALLY need to get my shit together with this real estate investing because one day when I have a kid I want to be able to be home with him/her every day. I don’t want to have to dread getting up and kissing my kid good bye so I can go to work at my JOB for 8 hours. Nope, I don’t want to do it. And I have to ENSURE that it never happens!

Oh and Andrew, he turned 1 yesterday hehehehe….God I love that kid. I really have never felt this way about a kid before….I mean I get along with ALL kids. Always have, always will. But I’ve never been a big “lil” kid kinda person, if you know what I mean? But I’m definitely a HUGE “lil” kid Andrew kinda person. I’d seriously do anything for that lil guy.

andrew at christmas 2007

Adorable ain’t he? That’s one of his xmas pics for 2007. Sigh…..guess it’s not a good idea to steal the kid of your best friend huh? lmao Btw, I’m just JOKING (well not really…ok ok yes I am, I am.)

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Categories
Random Ramblings Real Estate Investing Short Sale Deals Short Sale Investing

Starting a real estate investing blog

Well I decided to start a blog after checkin out the WI girls blogs and Stephs….and Patricks. I figured this would be good for me to help get things on paper errrr computer for me to see. Ya know? Maybe some lightbulbs will go off when I do some re-reading and also I can keep myself accountable. That’s the plan anyway.

Since I’m sittin at the hospital while Brandon (significant others son) is sleepin and I have nothing else to do so I’m gonna do this for a bit. I may get sleepy shortly cuz it is 1:40am. Btw, I hope I’m doing this right…..can anyone see this?

I’m a lil frustrated by that ss that I posted*. I’ve invested a lot of time and energy in it since August. Grrrrr and now the 2nd won’t even counter cause they are going to the auction! The numbers don’t make sense to me so I don’t see why they are going that route…but what do I know?

Here the numbers:

1st $130k
2nd $ 40k
Back Taxes $14,400

Repairs Needed $10,000 to $15,000
ARV $185k to $199k (it’s been fluctuating with the market, but mid 190’s is probably accurate.)

I only offered 2nd $1k but could do as much as 10k and I have an investor that would pay $160k to 165k…..

The bank didn’t even do an interior bpo! I have no idea what they are thinking. The interior would have come in I’m sure at around $170k to $180k and honestly that’s too much, imo.

Well I’m gonna follow Cory and Shauns advice from the forum and see how that pans out.

I got another deal brewing but I forget the numbers right now cuz well it’s 2:15am and I am sleepyyyyyyyyyy. But boy does it suck sleepin on this uncomfy couch in the hospital.

Oh and for those that inquire: Brandon will be getting out of the hospital on Dec. 5th. Then he’ll have to go to outpatient therapy daily for a month, then he MAY be able to go to outpatient therapy 3 days a week and school 2 days a week. We shall see.

I’ll report back soon and give ya the numbers on the new ss I signed up (half way.) And I gotta talk about my sub2 deal more……….that thing is freaking me out!

*This is referencing a post I made on flippinghomes.com

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