Behind The Scenes Part 2 – Massive Frustration
This is a brand new behind the scenes series from Value Investing Journey and Rivera Holdings. In this series, I’ll show you behind the scenes some of the stuff my team and I are working on to get deals done and closed.
This will include the highs, lows, frustrations, and massive headaches along the way.
I’m sharing this with you to show you that not everything is always great and happy. Especially if you are an investor, entrepreneur and business owner. There will be struggle and there will be failure, but if you continue to persevere, there will also be triumphs as well.
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In this series, I will show you deals from me helping clients buy and sell real estate, deals I’m working on myself in the public and private arenas, including potential real estate investments of mine, and more…
If you do like this kind of content, please let me know in the comments below or on social media, so I can continue doing these kinds of videos for you.
I hope you enjoy,
Jason
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In the last post, we were only a few days out from closing, we’d taken care of everything on our end that needed to get taken care of, the buyer took care of everything on their end and was ready to move in so I figured the deal would close with zero other headaches… I was wrong.
In today’s post I’m beginning to tell you about some of the last minute frustrations we had… This one with the Homeowner’s Association – HOA.
Oh and one more note before we get to the video.
I say in the video below that it was 4 emails and 3 phone calls I’d put in with zero response…
It actually ended up being 9 emails and 7 phone calls that I put in by the end of that day… Still with zero response.
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Let’s get to it.
In the video above, I talked about the major frustrations and lack of response from the HOA on this issue that was holding up our closing less than 2 days from closing.
This includes…
- What was going on
- Why this was happening
- Why I still took things into my control when I can
- Why I pushed so hard
- Why the last 5% to 10% of anything is the hardest
- And more…
I thought once I heard a response from the HOA, this deal would close smoothly two days from this video.
I was wrong yet again.
From here, we took a crazy turn to something my broker has never seen in 20+ years in real estate.
Stay tuned next week to see what happened and how this deal almost fell apart, hours before we were due to close.
P.S. While I contemplate writing the second edition of How To Value Invest, you can get a FREE copy here, right now, of the first edition.
P.P.S. If you’d like to learn how to value and evaluate businesses like a world-class investor check out our three programs that can help you do this…
Our Value Investing Training Vault, our Value Investing Masterclass, and our $10,000 Coaching Program.