Win-Win in Real Estate Investing!
I was on my way to close my first deal. I had come upon a vacant home, so I asked the neighbor, what had happened to the homeowner. She gave me all the info I needed, to find her. I set an appointment to meet her the next day, her husband had left her with their two kids, a week later she was hit by a drunk driver (who had no insurance and was incarcerated) and was unable to work for a month. Needles to say she was in distress, she had moved back with her parents who had a small home. I was able to obtain a short-sale and flip the property to a couple that would be able to afford it for themselves and fix it up.
What shocked me was after the closing I was driving the seller back home, and she thanked me and told me that she could now sleep at night and get on with her life. I made some pretty good money on the flip but that comment and knowing that I made a dramatic difference in someone's life was my turning point and confirmation that I was doing the right thing, and that this was a win-win for everyone. I was also able to have the lenders waive any deficiency judgement against her.
I tell this story to remind myself and others, that although there is good money to be made in RE Investing, that there are people who need help, and we must always take that into account. Sometimes we get caught up in the money and forget that we have both the ability and responsibility to help others.
Like Zig Ziglar says, " When you help others get what they need, you will get what you want."
Remember make it a win-win, and that means for you too.
Juan 8-)
What shocked me was after the closing I was driving the seller back home, and she thanked me and told me that she could now sleep at night and get on with her life. I made some pretty good money on the flip but that comment and knowing that I made a dramatic difference in someone's life was my turning point and confirmation that I was doing the right thing, and that this was a win-win for everyone. I was also able to have the lenders waive any deficiency judgement against her.
I tell this story to remind myself and others, that although there is good money to be made in RE Investing, that there are people who need help, and we must always take that into account. Sometimes we get caught up in the money and forget that we have both the ability and responsibility to help others.
Like Zig Ziglar says, " When you help others get what they need, you will get what you want."
Remember make it a win-win, and that means for you too.
Juan 8-)

Comments(0)
how long did it take you to do that first deal? How many owners in default did you prospect before landing that one?