8 months of persistence and hard work for this deal! Finally!

8 months of persistence and hard work for this deal! Finally!

Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes

After 8 months from initial contact to closing, I can finally say this baby is done! After cold-calling hundreds of houses in one of my farm areas here in Miami, I received a call back from the son who told me I called asking about his mothers home and that she was interested in selling.  We both agreed to an appointment to see the house and meet his mother but he cancelled on me 3 times.

After the last time, I thought the deal was dead...and it was until I got a call from the mother herself about 2 months later.  I meet with the mother (80 years old) who had been living in her house for 50 years and just wanted to leave Miami and go up to Alabama to simplify her life/surroundings.  In the midst of that first meeting she mentions that she also owns another house a few blocks away that used to belong to her mother who passed away in 1981.  I asked her if she would be interested in selling that one first since it was a rental and would be a faster/easier closing than her own personal residence and she agreed.  

The house was rented but needed a full rehab, it was very outdated and old.  It was also still in her mothers name since 1981 so she was going to have to file for probate.  Also once the tenant found out she was going to sell the house, she stopped paying rent unfortunately.

So long story short...I helped her evict the tenant by filing the eviction, I then helped her with probate and got it into her name.  While waiting months for all of this, I drove by the house once a week to keep an eye on it, got to know the neighbors and even cut the grass!  

In the midst of this deal her younger sister (72 years) got diagnosed with cancer and things aren't looking to good :(  I still vividly remember the night she found out because I spoke to her, hanging up the phone that night I remember thinking to myself..."all these real estate books I've read and still none prepared me for that".  

Throughout the entire time I tried to be of service and provide value, always trying my best to make the entire process as easy as I could for her.  The rapport and trust was so high that even after she received a call or two from other investors she called me first to ask me about them.  

Happily I was able to make it as stress free as possible for her to sell her rental and we got a good deal in a good part of town :)  

Yea the deal is great but the feeling of genuinely being of service is pretty hard to beat. 

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Investor · Akron, OH · Member since 2016 · 2k+ posts · 4k+ votes
7y

What a great story! What do you plan to do with the property?

See this reply in the discussion

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  • Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    Well done.  You profited by being helpful and patient as well as applying knowledge.  Doesn't get any better.

  • Investor · Akron, OH · Member since 2016 · 2k+ posts · 4k+ votes
    7y

    What a great story! What do you plan to do with the property?

  • Real Estate Agent · Sacramento/Placer ~ San Francisco Bay Area counties · Member since 2012 · 1k+ posts · 743 votes
    7y

    Congratulations @William Salas

    Besides creating a service you may have also created a legacy. After the probate journey, you've reached a destination that was already determined.

    I'm sure referrals will soon follow..

  • Member since 2019 · 1 post · 1 vote
    7y

    Reading your post, I am reminded of the counsel of Napoleon Hill and of other great thinkers/orators who steadily urge us that it is through offering value and providing real service that we become rich...in every sense of the word.

    Hearty congratulations on a much deserved successful deal. 

  • Specialist · Miami, FL · Member since 2018 · 72 posts · 24 votes
    7y

    Congratulations William!

  • Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes
    7y
    Originally posted by @Bob B.:

    Well done.  You profited by being helpful and patient as well as applying knowledge.  Doesn't get any better.

     Thanks!!

  • Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes
    7y
    Originally posted by @Amy Thompson:

    Reading your post, I am reminded of the counsel of Napoleon Hill and of other great thinkers/orators who steadily urge us that it is through offering value and providing real service that we become rich...in every sense of the word.

    Hearty congratulations on a much deserved successful deal. 

    Thanks! As Zig Ziglar himself has said... "How do you guarantee that you get what you want?  By helping others get what they want!"

  • Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes
    7y
    Originally posted by @Jill F.:

    What a great story! What do you plan to do with the property?

     Thanks!  Plan was to rehab but might resell "as-is" as the spread is there and it's a very investor friendly area.  

  • Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes
    7y
    Originally posted by @Mark Pedroza:

    Congratulations @William Salas

    Besides creating a service you may have also created a legacy. After the probate journey, you've reached a destination that was already determined.

    I'm sure referrals will soon follow..

     Love that, thanks Mark!

  • Specialist · Miami, FL · Member since 2017 · 82 posts · 40 votes
    7y
    Originally posted by @Bob B.:

    Well done.  You profited by being helpful and patient as well as applying knowledge.  Doesn't get any better.

     Patient indeed! :)

  • Rental Property Investor · Orange County, CA · Member since 2016 · 740 posts · 529 votes
    7y

    Well done! That is a lot of learning which is PRICELESS!

  • Real Estate Investor & Consultant · Los Angeles, CA · Member since 2016 · 620 posts · 386 votes
    7y

    Congrats @William Salas !

  • Omaha, NE · Member since 2017 · 15 posts · 5 votes
    7y

    @William Salas great story! Way to be persistent and see the deal through. I am in an almost identical situation. Currently the out of state owner has a sister with health issues so just waiting to put the final touches on the deal. Keep up the massive action!

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