Phew! It’s been a crazy week. Over the last 5 days I have worked out a game plan. It’s still rough but it’s a workable plan. Based on what I am most comfortable with and have the most experience with, the best way I could think of to make $15,000 in 90 days was through real estate. I have 2 rental properties and have bought and sold mobile homes in the past so I have some experience in real estate already. Here is what I have accomplished in the first 5 days of the challenge:
-Found a realtor that I think I am comfortable and excited to be working with
-Met with that realtor in person and spent almost 3 hours looking at houses online and discussing what I was looking for and what we could offer each other in this venture.
-Picked out 10 properties that looked like they might be options on paper (under 100k asking price, with work that needed to be done to raise value)
-Drove to each of those properties and looked at the neighborhood and peeked in the windows. This eliminated about half of the original 10
-Went and looked at a property that was being sold by owner to a cash buyer
-Made a tentative offer on the spot. It was not accepted so I said thank you and moved on
-Contacted a number of different private lending institutions about getting financing other than a conventional loan
-went and looked at another property that was listed on MLS. I am currently exploring options on this house
I feel like I have run a marathon but when I look back at the starting line it feels like I haven’t even left yet. 5 Days down, only 85 to go.