Crazy update: Last Monday, right after I came back from lunch, my dayjob informed us that the Philadelphia office would be closing, and our last day of work would be August 31st. Yup, that means I’m getting laid off! HAPPY HAPPY JOY JOY! HAPPY HAPPY JOY JOY! (that’s from Ren & Stimpy, and if you don’t know what that is, you’re probably too young to be reading this blog anyway). So yeah, I’m super excited that I’m getting laid off. This gives me the opportunity I’ve been dreaming of for so long: work on getting my businesses to full-time status, while being able to collect an unemployment check. God willing, I will never go back to needing a job. I know the mistakes I made now, and I don’t plan on repeating them.

Good news: I got two new listings in the pipeline, both from my Facebook friends. Between FB and CL, there’s really no reason why someone can’t make money in real estate these days. I also found an investor-friendly title company that will do back-to-back closings for my shortsale flips. So that is a huge plus for my investing business. Yay!

Bad news: The cash buyer that I thought I had for my shortsale flip has backed out. I kinda had the feeling when, even knowing that the property was being sold as is, he wanted me to provide a roof cert, heater cert, turn on all the utilities for “proper inspection”, “special cleaning” for the bathrooms,  and wanted a home warranty. Yeah right, not gonna happen. I crossed all that stuff out and sent the offer back to his agent, and it died today. I’m confident I’ll find a buyer soon. I will not be anxious

So that’s it for now. I have to get back to marketing from my new favorite toy (my netbook), so I can continue enjoying Food Network. I need ideas for my Girl’s Day at the Beach this weekend. Woohoo!

getting laid off · Notary business · philadelphia real estate investing · unemployment compensation · vending business

I uploaded the file for my first job and it job accepted. Payday is coming. I can get used to this real quick. Yeah baby!

Virtual freelancing · vWorker.com · work approved by employer

I may be shooting myself in the foot by posting this but… I am working towards leaving my job. Real estate investing is fun, and it brings nice paydays when I actually have a closing. But the fact is, it’s hard for me to create a reliable income from real estate investment. I’m not interested in being a landlord, so wholesaling is what I’ll be doing.

That said, I need to create other income streams to be able to step away from the job. I’m slowly building my vending business to have a reliable passive income. But in the meantime, I’ve grown weary of the job, and I want and need to do something else. So, I’ve decided to go back to my old-school methods like RentACoder! Actually, the name of the site has now changed to vWorker (that should be a clue as to how long it’s been since I checked in). I bid on three jobs so far, and just got one of my bids accepted today! So I’m very excited. I’m  ExpertRating certified in English/Spanish translation, so I expect to have more bids accepted for those job categories. The best thing about doing virtual work is that I can potentially work from anywhere as long as I have a laptop and Internet connection.

So here’s my overview of how my business ventures will make my life nicer: real estate investment for fun and to payoff debt, vending business for passive income, virtual work to pay the bills in the meantime (and be able to travel anywhere while doing so). The pieces are finally fitting together! Now to make it happen

Updates:

Real estate investing – I met with a seller who received one of my letters yesterday. I’d only inquired about one house, but it turns out he has four that he needs to sell to avoid foreclosure. I’m only interested in three of the homes right now. I got one contract signed last night, and the other two he needed to take home to get signed by his wife who is also on title. While were sitting in my car signing docs (the Dunkin’ Donuts closed just as we got there), I casually ask him: so… do you know of anyone else that has a property they need to sell? He says: oh yeah, I’m the pastor at my church, and we need to sell a big, empty commercial building that we’ve owned for years” Yeah baby, I’ll be all over that one as well. I haven’t wholesaled a commercial property yet, but I will certainly learn how to do so now I also have a potential end-buyer for my recently approved shortsale, but he’s kind of dicking around. I’ll put the property on the MLS by this weekend if I don’t have a signed contract and deposit by Saturday.

Vending – I’ve slacked off and forgot to return calls of people who responded to my email. I will put those calls on my to-do list to be completed by Friday. I broke down the double-head I still have at home to a single, and I’ll be ordering an additional stand and gumball wheel set this week. I’m sticking with my gumballs only plan.

Virtual freelancing – Got my first job accepted today, and it’s due in 48 hours. Actually, this isn’t the first job I won at vWorker, but since I closed my old account a long time ago, I had to open a new one and create a new profile. So, this is the first job for the new profile, hehe. Maybe I can use this as an excuse to finally get a Macbook, hmmm…

That’s it for now. Thanks for checking in!

financial independence · passive income · real estate investing · vending · Virtual freelancing