I did not Get a Deal Today.

This is the first time I go home empty-handed. There are record foreclosures this month, and I have a longer list than before. But somehow there are not good deals in my area today, and the bank priced them high. Are the banks playing a game here, thinking that they will get a boost from the $300B rescue plan, they are pricing the properties high so that nobody will buy and they get them and then sell on the regular mls market? I do not know.

It is a hot day, and I stayed outside from ten to four, for six hours, in the heat. People have to constantly drink water and my head felt dizzy. I tried to eat light so that my body can hanle the heat better.

The daughter of the renter of my buy last month wants to buy the property. She is a trucker driver, and her mom is a schol teacher. Her mom was the renter when I bought it, and I did not try to evict her or anything, just telling her we are selling the property and she has to let us show it.

While we are standing in the heat, we received a phone call: someone else also wants to buy the property. He was trying to buy the property when the previous owner was trying to sell it, but he wanted to live in it and could not break the lease the tenant has. When I bought it from foreclosure, the lease automatically expires and the renter can be evicted, which means there is no lease in standing right now, even the renter is allowed to continue to live in it. Is there going to be the bidding war? I do not know, but it looks like the property is going to be bought soon.

Oh well I cannot really count on getting a deal every time, it is just the way it is. The other side of it is that sometimes I could have bought two if I had enough funds.

There are some deals out of my area, but I want to adhere to my rules. Still the strange thing today is that there are more listings, but fewer deals.

Because I did not use my money today, if last buy gets sold when I come next time, I will have fund to buy two. Hopefully my next trip will make up for this one.