Tulsa Rental Still Not A Done Deal

I spoke with the owner of my property management company yesterday to get a status on the potential renter. Turns out, both the leasing agent and the potential tenant have the flu, so no paperwork has been signed yet...

They Start Them Out Young

My daughter is 4 years old and she will be getting her tonsils out soon. Yesterday, the doctor gave her a comic book that explains the procedure. Apparently, they are preparing her for a career in the adult entertainment industry. Check out the title...

Tulsa House Is Likely Rented!

I say likely, because it's not official yet. A potential renter saw the property on Saturday and wanted to make sure I was ok with his dog before he signed a lease. Actually, he asked if I was ok with his malamute. My first thought was what is that, a ferret or something? A quick wikipedia search showed me what he was talking about. This dog doesn't bother me. I charge a $250 pet deposit, which should be enough to cover the extra cleanup that will...

Slow February

It's been a slow week, mostly because I caught some sort of bug that knocked me flat on my back for a couple of days. I'm still getting over it, but the worst appears to be behind me. My energy level is still pretty low, however.No new news on the apartment deal. I suspect the principles are working away busily as escrow is set to close at the end of the month.I also had a couple of leads on two new potential hard money lending deals, but those fell...

Flipping LLCs Having Hard Times

Time for another update on the four LLCs I am invested in that flip foreclosures in the San Fransisco area.Times are indeed hard in the California real estate market. I received a letter from the LLC manager stating what everyone already knows - the market sucks. Prices are depressed due to a flood of inventory, especially REOs and short sales. The LLCs have not been able to sell any properties. Since the companies are paid by taking 25% of the sales...