I was several months into Real Estate Investing at this point and I was starting to get a name for myself. The Six Million Dollar Green story had begun to get out and then the Big Online Retailer buying a project I was working on for double spread even faster. I was becoming known for finding myself in predicaments that benefited those who worked with me. I attracted the attention of some local investors, who helped me get an audience with some banks in my market. They wanted to see if I really knew what was happening in the Real Estate Market or if it was just a fluke so they conducted an interview of sorts. At the time I didn’t know it, but I was with some of the most important people in my market, when it comes to Real Estate investing.
They asked me to evaluate several properties they had selected. I was within a few thousand dollars of what their projected value of the properties for the area’s the houses were in. The last one however was different. It was a red-herring, in that it was greatly overpriced. I came to my assessment and stated the property was only worth about four hundred thousand maybe a little bit more but nowhere near the asking price of the property. When they prompted me to explain I told them there were no internal pictures, and judging by the foliage in the area, it was taken months ago and not current. Generally, when you get a house with no inside pictures there is going to be a lot of work that needs to be done to make it presentable. The banks had come to the same conclusion and I my estimation was only fifty thousand off from theirs, which they had already seen the inside of the property.
