Friday, March 14, 2008

Top 3 Most Interesting

Jordan and I came up with the Top 3 most interesting things in our real estate investing business.


#3. We drove by one of our properties and saw a bunch of people inside the house. There's a guy outside the house standing by a car with a lot of tools in the trunk. There were 2 or 3 guys standing around the front door. The lawn mower was moved from the back yard to the front yard. We though they were trying to steal our empty house and all they could get was the lawn mower. So we called our realtor, he told us to call the cops. We did. The next day, we found out they were just there to fix the front door. They were called in by the seller. They also removed our broken lawn mower. Oops. Sorry.


#2. Our offer was accepted on this property so we went look at the house for the first time. During the time we were there, the house across the street was quite busy with activities. I saw cars driving back and forth on the street. I saw a mom taking her toddler to that house. I thought to myself "what a family oriented neighborhood." Then after we checked out the house, everything was good and we thought we could go ahead and buy the house. As we were driving away, we saw there were a dozen of sneakers in a variety of colors hanging on the power line. Each color of shoes represented a type of drug. The house across the street was a drug house. We called the realtor and canceled the contract to buy the house.

#1. We got an counter offer, so we went check out the house with our buyer's agent. The house again looked not bad. The neighborhood was ok but as we toured down to the basement, there was a nice 2000 something Jeep Cherokee with leather interior and nice audio system in the garage. I naively asked the realtor if the car comes with the house. The realtor found the registration for the car lying on the garage floor and called the owner. It turned out the car was stolen 3 weeks ago. The teenager from across the street came over and ask if we wanted him to move his car from the back of the house (there was another older car in the back yard). We told him it's ok, we've alreay called the police.


Bonus: Young kids in trouble...we don't know what they did...I only heard the police yelled "get down on the ground" when he was chasing the kids. We saw this happen when we were checking out our investor friend's house.