Could it be??....Will it happen??...I say YES!!!!

Nice work John!

Prayers are going out for you right now.

Thank you for your comments and prayers!....

I noticed we share a connection of similar backgrounds, being in the food service industry. It definitely takes a kindred soul to to 'hang' in that business; much less as a server! I was let go from my server's job of almost 3 yrs; 2 months ago today!! Little did the 'jerk' know, he did me a favor. Desperation and necessity has no doubt, ignited a sense of urgency and helped to 're-light the fire'!!!

That is so exciting!!! I am so very happy for you! Your perserverance has certainly paid off, and big time!

Wishing you many, many, many more deals!!!! Woooohooooo!!

Trust is key no matter how you slice it. Trust in the Lord your God and Thank HIM in advance for bringing this deal your way. Its all about timing. Be patient while you are excited and work your way thru this. All will be well. Praying and giving thanks.

Outstanding John, love hearing my fellow DG family continue in their success you and everyone here rocks !

Seller countered Buyer's first offer today and I felt it was fair and decent! He removed one property (best one), felt he had too much money in it, compared to amount offered. Also, passed on info that 2 of remaining 7 had tenants that were in arrears...both due to "acceptable" circumstances.

Got an email (followed by a call) from Buyer that due to this; he might not be able to take ANY of the properties!!! I went to work FAST and did some heavy 'splainin'!! Knew I had him on the hook and that he REALLY likes the deal!!....yes, I could 'read' him thru the phone! Told him that it was a huge shame to let such a deal go. Gave him details on the 2 delinquent tenants....that one had previously lost his job; the other recently had a child and could not work! They are both on 'payment plans' that will bring them current w/in 4 months.

I also, explained why Seller had removed the "best" property. I then asked why he had not offered on ALL 9. This ninth one has a 1/1 apt in back and rental income for both totals $1075/mo!!!....note this is a 'distressed' area!! Buyer said he didn't understand why there were 2 properties listed and only one asking price; so he didn't offer on it!!??

Anyway, to make a long story short; I have smoothed things over and Buyer is still VERY interested!! I am waiting on his counter for ALL 9!!!! Can you imagine; 18 G's coming my way????!!!! Like I said....I got a feelin'!!!

@ Val - I REALLY appreciate the well wishes and you standing in my corner!

@ Diane - I've always "thought" that I trusted in Him, but have recently learned that I must wholeheartedly have FAITH, and know that I am favored! I know He will provide and is truly responsible for this opportunity. Do not worry; my knees are hitting the floor HARD these days!

God Bless,

It is your time....

Karen

If you add air, heat and smoke what do you have????? Clear the smoke and it's all John because he's on fire...Great work my friend...NOW GO GET SOME

Don't think you could clear the smoke Keith...it's BALZIN' in here!!! LOL!

Real time....Just getting what I think is a REALLY good counter by the Buyer!!! If it's what I think it is; might have a deal by mornin'!!??

Yes SIR!!!

Karen, You are a true, true, friend! Thank you so much for your support!

*BLAZIN not BALZIN!! bahahahaha

Check it out Tammy!? LOL!

I saw that above and was laughing my head off!!!!! Then I saw you corrected!!!

HAHAHA!

I am proud to be your friend, John and always happy to lend support. (except not in the BALZIN part)

Karen

Now I'm gonna be getting another email from Jeremy....

I've been SO good for SO long!

K

Get your mind out of the gutter girl! LOL.... I had to read it twice to catch the typo!! hahahahahahaa.

Karen's right... it IS your time.. and I'm keeping my fingers crossed for you and will send up a prayer right now!!!! Good luck..
Shirley

Would be so awesome to see you close on these! GREAT JOB!

And even the BALZIN comment isn't as bad as my iPhone incident!

(If anyone wants to read about what John is talking about, you'll have to check out my journal; although I haven't posted all the details quite yet until I know everything's ok. But, it does have SOMETHING to do with BLAZIN BALZIN!) *snicker*

I've been cracked up about that ALL day!!, Seriously, you ought to let me send a copy of text you sent me to the Ellen show. She does a segment were people send in screw ups that happen with predictive texting. Freakin hilarious!!!! :-0

I have to agree.....it IS my time! I continue to think positive thoughts, amidst all adversity!

Thank you for the prayer....

I'm constantly amazed at how I'd be down,'cause I've yet to do a deal.I go onto DG and find someone who is overcoming huge obstacles,that would no doubt force many to quit-yet YOU PERSEVERE !

And that my friend,makes all-the-difference,in the world.

I am putting you in my prayers.

Thanks for sharing your very-inspiring story.

I know my day,my deal,will come soon,also !!!

"FAITH IS THE ASSURANCE OF THINGS HOPED FOR,THE EVIDENCE OF THINGS NOT SEEN"

Ray

from the recipient *IF* he ever talks to me again. Because I deleted it after copying it; I couldn't believe it, so I had to copy the darn thing. But, in my attempts to keep it from getting through to him, I hit delete. (Wishful thinking I guess...) so I had to copy it and show it to a few people, because it is probably the funniest thing I've seen in a text. OH HOW LUCKY IT WOULD HAPPEN TO ME! * * Waaaaaa!!!!

way to be a "Problem Solver

Sounds like it'll work out for all

Nice Job

Mike

John! Great job!!

First of all....thank you Ray, Mike, and Tammy, for the prayers, compliments and well wishes!

Here's the latest, as of a few hours ago:

- Got counter from Buyer last night that I was hoping for and presented/forwarded to Seller. I’ll give a quick recap of scenario:

- Seller originally was asking for total of $320K for 9 properties. Note that 2 VERY NICE ones; he was asking $50K/ea. w/total income of $1925/mo.

- Buyer countered with a total of $232K for 8…eliminating one of ‘nicer’ ones that had a separate 1/1 apt included. Seller’s total asking price for these 8 = $270K

- Seller countered with 7 properties; total $202.5K. He decided to remove ‘nicer ones’, as he felt that his investment in them was too high!

Note that Buyer was VERY interested in these high income houses (see my comments on 1st update).

- Buyer countered with total of $297.5K for ALL 9 last night. This is 93% of Seller’s original asking price!!!

So, can you see where I got my feeling of confidence??!!

Here’s Seller’s response I received this morning….

“John,

Thanks I will consider offer.

I need to speak to my accountant and I am considering another options as well.”

I really felt we were on the cusp of sealing this ALL CASH – FAST CLOSING deal! Needless to say, I feel pretty deflated and am not quite sure how to respond. The Buyer is VERY anxious to lock this up!!...and OBVIOUSLY, so am I!!!

Don’t know whether to answer his email thanking him, etc.; or call to find out the real scoop. I don’t want to seem over anxious, as I think the Buyer’s last counter has already done so! I interpret his last statement as “other options” than me/us, and not another “counter offer”.

So; what do any of you think? Any advice from some of you seasoned vets???? I’m all ears and in dire need of saving this deal!! If it doesn’t happen; that’s okay, it wasn’t meant to be.....but MAN!!!!

I am not claiming to be a 'seasoned vet' by responding here, but when anyone puts out an asking price, they know that the majority of the time they will not get full price. I think he is probably very tempted on this and just does not want to jump before he consults his money man.

All cash talks and his accountant will probably say the same thing. Hopefully, his 'other options' is not speaking out of an 'all cash' mouth also.

I am seeing this happen for you. I am visualizing you getting that big check in your hand! Whoops! I just visualized you fainting....

Karen

LMAO!!...My heart will be racing too WAY much for me to faint! You and Tammy will hear me hollerin' and praisin' the Lord from "Sweet Home Alabama"!!!

Thanks Karen; what you say makes a lot of sense. He'll surely have concerns about capital gains, etc. on a $300K payday! I feel as though I've built a good rapport with this guy (Seller), and his response definitely seems uncharacteristic! It's hard to resist the urge to call. Patience is a virtue that I was NOT blessed with....I'm a "type A++" all the way!! LOL! Something I need to pray for on a daily basis!

John,
this thread went from a great deal, to a hysterical one, and now back to business...so, let me first say that I'm always rooting for you, and I knew it would only be a matter of time, but I know that you are determined to succeed, and therefore you will make this deal happen. Good times, good laughs!

....and now the wait.... Tic toc tic toc.... Patience my friend....patience.... it will happen

I am constantly "exercising" my sense of humor....sometimes just to keep from crying! LOL! I refuse to be "miserable"!!

Thanks for the good "vibes"; I'll take all I can get!

Still patiently waiting.......

good luck man. i'm a very impatient person myself. i know what you mean. i do hope you get your deal.

the very best of luck.
WALT

Hey John,

Thank you for sharing your deal with us. There is ALWAYS something to learn as I read these forums. Such a sense of comfort knowing that we all go through the emotional roller coaster trying to pull the deals together. It's really awesome to see the support that comes from everyone on this site! I love reading Karen's posts...VERY informative and to the point...plus a great sense of humor .

So, after almost 3 days on pins and needles, waiting on Seller's acceptance, I FINALLY talk to him early this afternoon. I had decided to call because I felt that my Buyer at least deserved some type of response!....my other reason is obvious...DUH!

HE said that after talking to his accountant, it was best to keep at least 4 properties (all in one area) for passive income, and that the capital gains, etc., on a sale that large (almost $300K) would just be too much!

I reminded him that my Buyer would almost certainly still be interested in a package of 5 properties. See, I noticed that he had placed his ad on CL again; the one that I had originally answered....hmmmm?? He said that he wanted, to stick to his original game plan of selling 5 houses. That he would "put everything in a email and send later". He also, mentioned that he was curious (had concerns?) about closing such a "cash" transaction, and the "terms"?? I suggested that he state terms he needed in his response, as he should....everything is negotiable!

Anyway, so far, nada!...hopefully, I'll know something tomorrow morning!

I must contact my Buyer now to give him an update...ugh!

Thinking positive thoughts and praying he's still in a buying mood and that Seller's still motivated to sell!!

argh!!! that is really weird!! why would the seller put them up for sale in the first place??!!!

just keep in mind, that he either gets the terms or gets the price, but not both!
also remember, there are always other deals out there, so don't get hooked on this one and neglect other possible deals out there...

of course, I am hoping that something will come out of this one for you! good luck!!!!