After the Grief, Love was in the Air

By
Real Estate Agent with Pilkerton Realtors

After the Grief, Love was in the Air

A couple of years ago I met with a man I had know very well growing up. We went to school together. I remember he had been incredibly smart. He would blow off Chemistry and still make all A's.

It had been a while so there was much catching up to do.Love is in the air

He had had some successes but he had also had many failures. He was living in a hotel and selling the papers on the corner of a major intersection. He had stopped drinking a couple of years ago so he was headed back in the right direction.

The reason for our meeting was sad and happy at the same time. His father had recently passed away. It was sudden and they had been estranged. But his father had left him some money.

He wouldn't be rich, but he could, hopefully, use it to continue turning his life around. If we searched carefully, we might be able to find a couple of condos that he could rehab and then resell at a profit.

The plan was to eventually own a couple of rentals and then something for himself.

We got busy looking and quickly found a little one bedroom for $13,500. I know. Crazy low price.

Believe it or not, the complex was not that bad. The units sold for low prices because Buyers couldn't get financing on them. They're not FHA approved and are almost all rentals.

This unit, in fact, had a tenant in it paying $450/month in rent. We found ourselves in multiple offers but managed to win at full price and a quick closing.  

Two weeks later he closed paying cash and went to meet his new tenant.

In less than a month we had another property, a foreclosure, under contract that he could live in while he did the rehab. 

Fast forward another year, he is starting on his third property. His father would be proud. Yep, love is in the air.

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Rainmaker
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Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Connie, 

AWESOME!  Love the good news - mind boggling to find a unit for $13,500 that you can rent for $450.  We need some of those around here.

All the best, Michelle

Feb 27, 2014 05:37 AM #1
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Michelle - my office manager asked me if I left off an "0"!

Feb 27, 2014 05:45 AM #2
Rainer
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Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Connie, what a great story! It just goes to show we can make a huge difference in someone's life regardless of the price.

Feb 27, 2014 07:21 AM #3
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Connie... this is a great story that illustrates there is hope! With your guidance and his fathers small fortune he turned his life around for the better. I'm so happy you shared this story! With a healthy mind and good head on his shoulders this man will continue to go far! 

Feb 27, 2014 09:43 AM #4
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Congratulations. You are making a difference by helping this buyer get back on his feet. Great story.

Feb 27, 2014 10:20 AM #5
Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Connie - As we get older we tend to no longer have those opportunities to start over. What a wonderful turn-around in life story to be a part of!

Feb 27, 2014 04:35 PM #6
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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Connie.  I am glad he turned the corner and is among the productive.

Feb 27, 2014 07:20 PM #7
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Alicia Utz
EXIT Realty Associates - Lorton, VA
REALTOR & Military Relocation Professional in NOVA

Connie, Great Story!  Many young buyers are finding themselves needing financial assistance from their parents.  A home is one of the best investments we can make for our children.  Thanks for sharing.

Feb 27, 2014 07:28 PM #8
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Tom - I've tried to help him make good investments.

Patricia - If he will stay focused he can really turn this around. He doesn't work fast enough.

Margaret - I only hope so.

Laura - He's in his late 50s so it does show that you can start over later in life.

Conrad - Me too.

Alicia - I wish he had started much younger!

Feb 27, 2014 11:00 PM #9
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Connie, I am so glad you have been a part of getting him back on track. He is certainly headed in the right direction. Who knows how many units he will have five years from now.

Feb 27, 2014 11:21 PM #10
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Connie, Love this turnaround story!  While the commission checks may not be large, the ability to help has to be one of the warmest feelings you can get in life :)

Feb 28, 2014 04:23 AM #11
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Debbie - His goal, right now is 3-5 rental properties and one to live in. I hope he makes it.

Bliz - Absolutely. Sometimes it's not about the money.

Feb 28, 2014 05:11 AM #12
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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Connie,

Yes, his Father is watching from aboe and feeling very proud indeed...lovely story!

Mar 04, 2014 03:55 AM #13
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Lisa - Thank you. It's a good story.

Mar 04, 2014 06:03 AM #14
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Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

I believe I had the pleasure to meet this guy and have been to that first condo complex.

Mar 06, 2014 05:01 AM #15
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

OK Smarty! Yes you did! It's a good story without giving away the details! LOL

Mar 06, 2014 10:53 PM #16
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