In the words of Tom Petty, "The Waiting is the Hardest Part". I put in an offer on an investment property on Monday. My realtor called me and advised that the offer has been forwarded to the bank's asset manager for final approval. There are no other offers on the table and I made a full price offer so it looks like I should get the property. I am excited and nervous all at the same time. One of my dreams is to be able to build a portfolio of real estate and this purchase will help me get closer to fulfilling that dream.

One of my character flaws is that I am very impatient. This is also one of the reasons I got in debt. I did not have the patience to wait and save up for a purchase.

Hopefully, I will hear something tomorrow so I will know if I am adding another property to my portfolio of if I need to continue shopping.

1 comments

  1. Dimples // October 25, 2007 at 11:57 AM  

    I am thinking about buying a condo and renting it out. More info on it on my blog. The community is located in the heart of Orlando and is close the Disney and Universal Studios (15 minutes). I am pretty excited and super scared at the same time. It's a great opportunity but I am just worried about it being to good to be true. Keep posting about your progress on this. I get encouragement from them. I open to any advice you may have.

    Good luck on your purchase. I am sure you'll get it.