Private Real Estate Investors
posted August 26, 2007 - 2:24amI just wrote for about and hour on my last blurb and it was erased so that should tell you a little about my day. I have been working with my new boss for 3 weeks now and I am beginning to feel a little walked on. Not to mention I was told by another woman that I defiantly am getting walked on and that my boss just so happens to be extremely greedy. That’s always nice to hear especially when I had such high hopes. Hope is a bad thing to have in some cases. I set myself up for disappointment. Then again I should have seen it form the beginning.
I am still going to stick this job out for about a month because I want to give my boss a standing chance and because I like him (I really do) but even you will think this is a little nuts!
I work for a private investor who assumes peoples mortgages for anywhere between 10% to 30% gain. If a person is in for closer my boss will get them out of for closer and sell their house back to them a year later charging them and extra 10 to 30%. (I hope that helps you understand a little). Anyways I was hired to do all of his leg work. As in find these people in for closer, drive 100’s of miles between 15 different cities, go to these individuals houses knock on their doors and tell them they ARE SAVED! As in we will get them out of for closer. If they say o.k. and agree to an appointment with my boss I get 50 bucks. HERES THE KICKER: If my boss than assumes the mortgage I get 1000.00. So of course I agreed to do the Job.
Three weeks later. I have driven well over 400 miles on my six-year-old car. Not to mention it’s really bad for the environment, (I don’t have a catalytic converter) and he has giving me 120 dollars total for my time. I have made four appointments! If you do the math he told me 50 bucks per appointment. 4 times 50 does not equal 120.00
He has also change the 1000.00 part of our deal, if the home owner agrees to have him assume the mortgage it’s no longer 1000.00 dollars any more. He changed it. He now works on a tear system. Which means the less he makes the less I make. THEN HE SAID. “IF I ONLY MAKE 4000.00 I WILL GIVE 500.00”. What the hell happened to the 1000.00! And if he can AFFORD to give me a thousand on bigger deals HOW MUCH IS HE MAKING? 10,000.00! The crazy part about it is that he isn’t using his money. He’s using some one else’s! I am doing all the leg work because he knows the guys with the money! What a struggle, what a business, what a really crappy situation for the people going into for closer. 10,000 dollars is a huge price to pay for not paying your bills. For all those people losing there homes be careful.
Jane

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