In Greek mythology, Sisyphus was a mortal king who was accused of various misdeeds including robbery, murder and gossiping about Zeus' dalliances. To punish him, the gods sentenced him to push a large boulder up the side of a mountain and regardless of his effort, once it arrives almost to the top, the boulder rolls down the mountain where he must start pushing it to the top again, for eternity.
In my experience, real estate closings are sisyphean, except instead of there being just one person toiling alone, a whole team of people band together to push the boulder over the mountain but anything, a light wind, a wandering pebble, or someone stopping to tie his shoe will send the entire thing crashing back down to the valley where the whole team must all start again. In the last three years I have been involved in over 100 closings. A few times we were able to get the rock over the hill smoothly and on-time, but in most instances, the closings were delayed, pushed back, or rescheduled and we all slumped away drained and dejected to try again later.
All this is to say that after being nearly crushed by the boulder, I finally closed on my first NSP house!! I'll post pictures of it later, but I had to share my excitement at getting through the acquisition phase. Now on to getting contractor bids and choosing the general contractor whose team will make the house irresistible!
1 comments:
If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources?
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