Naked Lady Real Estate, The Bare Truth About Real Estate Investing

This was 2 weeks of real estate hell

But don't get me wrong - I wouldn't change what I do for anything in the world!  I love real estate - even when it sucks!  That is - when your deals aren't closing!   OMG, seriously people what the hell is going on here?  Is Mecury in retrograde?  Nope - I checked with my astrologer.  Is it bad Karma?  Nope I checked with my psychic - I'm good. So que paso?  

Our property on 43rd has been in escrow for almost 3 months!  YES!  You heard me.... 3 months!   The buyers had a list of 46 conditions to meet before their loan would fund and then on top of it, they had a lender who was a mother humper and who pretty much didn't seem to care when they closed.   But today - THANK GOD, we closed the son-of-gun!  I will say it again - Thank you God!

All the while - this past several weeks have been filled with other rollercoaster-OMG-you've got to be freakin kdding me - moments with many of our other properties.

Property on 47th - after a month and half of being in escrow -  and it not looking like the lender was on top of it - we had to move our buyers to use our lender and now its been another month and 2 appraisals later that we are just getting loan docs.  From my lips to Gods ears - that puppy is set to close this week.

Deal we got under contract - on 58th - quick wholesale flip. Easy money....  Come to find out 2 weeks ago that the short sale has not been approved by the bank... Uhhhh - you have our $5K deposit!  Are you kidding me?  The son-of-a-bee hive agent - didn't mention this minor detail to us that this deal didnt have formal approval.  Still waiting to hear on this mofo.

Deal that we just funded last week for property on 49th.... Some random lein showed up when they ran the title report again - for $35K !!!!  WHAT!?  Now escrow got that cleared but there is some other weird notice on title from "Bureau of Street Lighting" that is called "substandard dwelling notice".... Really?  This house is in So. L.A.  Of course it's substandard!  I need a freakin notice from some crazy street lighing bureau to tell me this?  Oy Vey - still working on this.  Do we go ahead with it and deal with this problem after?  Do we get our funds back and say screw you?  Stay tuned.

And don't even get me started on our complete rehab on Exposition..... 
All I can say is that our broker is freaking  LUCKY that we just got 2 offers on it - otherwise my broker would be.....

Now the good news.  I still love this business no matter what.   I feel so fortunate that I am able to do what I love and make money from it.  I feel lucky that I even have these kinds of "problems".  I know a lot of people who wish they had these problems.  We just got another deal yesterday and looks like several more are popping as we speak.  and I do have a rehab that is going pretty smoothly right now - thank you Jesus!  

So the bottom line is - yeah - sometimes work sucks - but for the most part I thank my lucky stars.... 

This is what's wrong with this industry!

What's up with all the greed with some of these speakers?  I tell you what - I've just about heard enough from (some) speakers bloviate how they scan ebay all the time to make sure someone is not selling their product there.  What the heck is up with this anyway? 

First of all - I thought we lived in a free country?  Once you buy a product and no longer want it aren't we free to sell it to whomever we want?  What's next they start trolling the yard sales to make sure that Suzie Smith isn't selling your product too?

Lack consciousness begets Lack.   Don't they know this?  Why in sweet tarnations should they care if 10 out of every 100 people ends up selling their product at a garage sale or on ebay?  Seriously - do they need the money that badly?  Aren't they all supposed to be stinkin' rich from doing real estate deals anyway?  Jeez.  Also think about how stupid this is.  By their product being on Ebay, wouldn't it seem that this is a way their name might be getting out to people that don't know them yet? Hello - is this thing on?

It's all just so silly and petty.  I had a conversation with a lovely couple today who bought a famous speakers product from a friend who didn't want it anymore.  They liked what they heard in the product and decided to go see this speaker and person and ended up buying his $4000 bootcamp. And because they already had his "home study" course they bought from their friend, they got the bootcamp for $3000. The speaker then said they couldn't get that discounted price because they had no record of buying the product directly from the speaker himself!  Can you believe this?   I nipped that in the bud right away!

I ask you... what's wrong with this situation?  I know of many speakers who are proud of the fact that they have this policy of not "allowing" people to resell their product.  I don't care for those folks and I tell you what - they will never be promoted by me.  Ever. I will fight this ridiculousness as long as it takes. 

I will also say that there are some wonderful speakers who I've seen be so generous and giving.  I guess they are the ones that know the truth about "you get what you give in life" and they will be the ones you always see me promoting!