This is STILL an inspirational blog, even though the big deal is dead. The investor we were dealing with, who had the properties under contract, ran out of time. His contract expired, and the owner of the properties put them under contract with another buyer that promised to sell them all. Also the investor we got the properties from did not have time to detail the repairs that our buyers wanted. We could have possibly grabbed them after his contract expired, but felt the original investor who had them contracted may have felt cheated, even though we STILL could have, and would have offered him his cut of the deal. It was a touchy situation to try to get the contract direct with the seller after our contact for the properties had his contract expire. I feel it is best to keep clear of even the illusion of dishonesty. Networking is THE most important part of investing. You have to have buyers, you have to have sellers. And it is important to be trusted by all involved. There will be other deals, and other money. Instead, we are now still working with the investor who had them under contract, securing a future relationship, building our investing team. We now have a different deal going. 1 property waiting for the contract to be returned signed. This time it is with the OWNER of the property. We have orally agreed to the terms, and the contract is in his hands to be signed. After receiving it back, we will issue the earnest money, and present the property to our buyers. We are expecting to split a $14,000 profit on this one, and expecting our buyer to close on it within 7 days. So there you are. Like I said in my previous post, nothing is for sure until the check is in hand and cashed. ALWAYS continue making other investors aware of the properties in case a deal falls through. Never expect a deal to close. It is a done deal when it is a done deal. In this case, that would not have helped us either, but would have if it was a buyer that backed out instead of an owner selling to someone else. I post this to encourage new investors to keep driving towards their goal. I hope that when I start getting deal after deal closed, they will be encouraged by seeing how I overcame all my setbacks along the way. This is my first promising big deal to fall through, and it won't be my last. All I can do is analyze what went wrong, and try to figure out how to minimize it happening again. So stay tuned to see if I end up showing you my $7000 check from my latest contract. Now go, and "Just do it"! -Denver P.S. - I am always looking for buyers and sellers to work with. If I sound like the type of person that you would like to have on your team, contact me. Especially if you are in the central Ohio area.

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