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I Hate Real Estate Investing (Don’t You)

March 6th, 2008 · No Comments

I hate real estate investing, it doesn’t work, it full of problems, I can’t find a contractor, a tenant, I can’t refinance this freaking thing, I can’t find someone to buy this d%$m property, I’m running out of money.  I hate real estate investing and I am going to sell all of my properties and move to some damned island in the wherever and live off of coconuts and water. No worries, no problems nothing.

This is a call from a fellow investor that went to the Section 8 office in Philly because he had not received his rent for the 8 properties he owned all Section 8 properties only to find out that the Philadelphia Section 8 office had lost ALL OF THE LANDLORDS PAPERWORK AND SUSPENDED ALL RENT PAYMENTS. What a freakin disaster. As he was standing in line, waiting to submit (or re-submut) paperwork there where investors in line that hadn’t received more than $10,000 dollars in rent and Section 8 was not going to have the problem fixed for two months (maybe longer)

Whats an investor to do (I don’t know about you but sometimes I feel like one the “individuals of the mind”  in Ayn Rands book Atlas Shrugged, that went on strike and refused to contribute their talent to society because they beleived that society was basically incompetent)  anyway, what is an investor to do when it feels like the world has come to an end. Should they RUN FOR COVER? Well you try to ride out the wave, you again try another strategy or tactic. You try to use every tactic to conserve cash, if you are trying to sell a flip maybe you also try to find a rentor, maybe you try a mortgage take back (we will buy the note and it’s a viable process, call for info), maybe you try a lease option. My point is you do someting different because one thing I know for sure and that is the defintion of insanity is doing the same thing over and over expecting a different result. Try something new.

Tags: Real Estate Investing

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