About a year ago, I went to a REIA meeting and landed one of the best house flips I’ve ever done.
At this particular REIA meeting, I was given the chance to get up in front of the group and ask the group what I was looking for at the time. This is one of the really cool things about REIA meetings and is something we do in our own MeetUps as well.
I said I was looking for short sale opportunities in any market. Lo and behold, there just so happened to be a short sale specialist in the crowd.
I spoke with this woman after the meeting and quickly discovered that she was a real deal short sale specialist real estate agent. After we spoke, she put me on her very “short” (yes, bad pun) list of people to contact when she comes across a short sale in her market.
Her market is a good 30 miles from my office, but I kept her card on file and emailed her the next day telling her it was great to meet her.
About a month later I got a call from her. She said she had a short sale property in Scituate, Massachusetts that I had to see immediately. She had other real estate investors are list, but she had called me first because of our meeting.
Needless to say, I drove up to see if the next day. She ran some comps and I then put in an offer.
It was accepted the next day and off to the races we went.
To make a long story err, rather short (sorry, that’s twice now), we made over $42,000 in profit on that flip before taxes.
That flip alone made me a tried and true FAN of real estate agents…and it’s not just because my wife (the lovely …read more