Flip This Wholesaler

Busy day again. Mailed out some more postcards along with a letter to the owners of a property in probate. I called on a bunch of ads from last Sunday’s paper. In doing so, I got a lead on another property from a realtor. It was a duplex that needed a lot of work. Not enough room to do anything with, but I had a nice talk with the realtor and gave him my contact info. in case he came across anything I might be interested in.

I am going to look at a house tomorrow @ 10am. It’s been listed since June, is vacant, and the listing says the owner is motivated. It’s listed for 159k, ARV around 170, not sure what repairs it needs.

I also got an email from a guy tonight who is in the process of moving and needs to sell asap. He called shortly after he emailed. ARV is 165, he’s asking 145 obo, and said he is willing to negotiate. Home doesn’t need any work. I was busy pulling daggers out of my back when he called (will explain in a second), and forgot to ask him what he owes. I told him I would call him back in the am.

Just for kicks, I decided to look up the listing for the townhouse I am living in that I rehabbed. I bought it with a friend 2 years ago, and now I know why people say to never do business with friends. Anyway, she apparently took the liberty of lowering the price without asking me. I thought it must be a mistake in the system, because who does something like that without consulting first with their business partner? I tried calling, but of course there was no answer. I left a message and haven’t heard anything back. I’m going to try to not let this bother me too much, although I must admit I ain’t too happy about it.