Flip This Wholesaler

Do you guys remember like 3 years ago when I used to rant and rave about how much I loved Craigslist?

Man, times sure have changed.

I can’t stand Craigslist these days (for real estate, anyway), mostly because of the annoying spammers who bombard me with their annoying emails.  I get so irritated.  They should change the name to Spamslist.

My buddy Murphy, however, is always finding buyers on CL (he just sold an overpriced piece of crap on there last week and made 6k), so every few months I’ll decide that I’m going to start posting deals on CL again until I actually sell something.  This usually lasts about a week or so until I get fed up and quit.  That’s pretty much where I’m at right now, and a couple days ago I decided to just start posting obnoxious ads to see what would happen.  Just for fun.

Normally when I put ads up on CL the only responses I get are emails from time wasting idiots that say “Gee, sounds like a great house, are you flexible on price?”  or some variation of that.  Then when you respond, they hijack your email address and start sending you ads for Viagra and the like. Which is awesome, because I’m totally in the market for some cheap Viagra.

So anyway, I posted the following ad on Monday, and my phone seriously rang off the hook…

Hehe. I was so amused with myself.

I think I’ve gotten 11 or so phone calls on this deal since I put the ad up, and I’ve been marketing that same house on there at the same price for over a week with zero response.

It didn’t keep the spammers away, however.

I got this email a few hours ago, which I found particularly amusing:

Apparently Caleb didn’t read the post title.

Or maybe he considers cockroach infested houses “nice places.”  Who knows.

At any rate, I thought I’d share this little marketing tip with all of you. Give it a shot and let me know how it works out.

Later cucarachas!

Amanda McNall- Author of MLSWordSearch!

Congratulations Amanda McNall, and thank you so much for plagiarizing this article that I wrote for the BiggerPockets Blog!  I can’t tell you how excited I was to see it posted (verbatim) on your blog yesterday!!!!

That’s totally awesome, because I secretly love spending my time writing content so that random lazy assholes on the internet can steal it and then try to pass it off as their own!

Way to go Amanda McNall- plagiarizing rocks!

I mean, what’s the point of spending time writing your own articles or paying someone to write them for you, when you can just head on over to the BiggerPockets blog and steal content from someone else- FOR FREE!!!! Woooooohoooooo!

So, without further ado, Amanda McNall, I’d like to present you with the esteemed Flip This Wholesaler Douchebag of the Month Award!

Keep up the great plagiarization work, Amanda McNall- you’re making the douchebags of the world a proud bunch!

P.S.
I’ve written 25 other articles on BiggerPockets- please feel free to steal those, too.

P.P.S.
Don’t forget to hit me up on Facebook- I have over 3000 contacts, which provides a great opportunity for you to spam affiliate links on my wall! I enjoy that almost as much as getting my articles ripped off!

P.P.P.S
Is douchebag one word or two? My spell checker tells me it’s two, but Lord Google says otherwise…

P.P.P.P.S.
Photo courtesy of BrooklynSucks.com

P.P.P.P.P.S
Have a great weekend Everybody!

Happy Friday, y’all!

I’m pleased to announce that I found my Mojo and am up and at ‘em again- woohoo!

I should be good to go for another six months or so,  so don’t expect any more 2 week hiatuses (hiati?) for awhile..

Anywho, I’ve got some possible deals cookin’ that I should be finding out about by the end of the day.  One of them is a deal that Murphy got under contract 3 weeks ago.  I thought it would be a no-brainer deal for a buyer of mine that I have done quite a bit of business with.  The house fits his buying criteria perfectly- neighborhood, price, beds/bath, all that stuff..

I sent it to him 3 weeks ago and he wasn’t interested because it is too small.  He gets pickier and pickier every time I talk to him, and now he’s only buying stuff that is 1200 sf or more, concrete block, in nice neighborhoods, and 3 bedrooms/2 bath minimum.  Smart guy.  He’s got over 20 houses right now, and wants another 30.  He’s going to hold all of them as rentals (all are producing positive cash flow), and I’m guessing he’s going to be sitting on a freaking gold mine 10 years down the road..

So, anyway, he passed on the deal, but called 2 days ago to ask if it was still available.  He’s now working with a group of investors from outside of the US who want to do the same thing he’s doing, and apparently they want the property.

Long story short, we should be getting a contract for 64k by the end of the day (contract price with the bank is 58k), but I’m not holding my breath.  The title work on this one is ready to go, so if all works out, it should close by Friday of next week.  There are a few too many “ifs” and “shoulds” in that sentence for my liking, but we’ll just have to wait and see..

The other deal is a duplex that I offered on last week and just got a counter back from the bank yesterday.   I picked up a new buyer earlier this week from one of the signs I have out (I’ve got about 60 signs out right now),  and he just so happens to be looking for duplexes in this neighborhood.  He just bought one right up the street from the property I offered on, so I know he’s interested in this area.  Right now the bank is at 41k, and I need to get them down about 5k more.  I countered back this morning and am hoping to hear back from them by the end of the day.

If I don’t end up getting this one at my price, I’ll wait 2 weeks and have Murphy put in an offer and see if they will come down a little more.  Half of something is better than nothing, ya know..

Oh, before I forget, my buddy Patrick Riddle, AKA P-Rid, is holding the first annual “Battle of the REI Blogs” starting this coming Monday.   I’m up against some heavy hitters, so I really need for you guys to put on your game faces and help me out.  Some of the contestants are already starting to talk smack (not mentioning any names, TREVOR MAUCH), and I would really like to put them all in their places!

I’ll be back Monday morning to explain the details of the contest, so make sure to check back here bright and early.  I’m actually heading off now for a weekend long Top-Secret-Ninja-Blog-Battle-Boot Camp (it’s known in the industry as TSNBBBC), to brush up on my skills.. I hear it’s some pretty intensive training, so wish me luck!

Have a great weekend, Everybody!

Later Alligators..

P.S.
If you’re ready to get off the fence and learn how to flip REOs, grab yourself a copy of my Flip This REO! eBook today- click here to get it now!

P.P.S.
Don’t forget to check back here Monday morning- I need all the votes I can get!

P.P.P.S.
This has nothing to do with real estate, but if you’re into nature-y stuff like I am, you’ll appreciate this GINORMOUS dead snake they recently found in South Florida. Crazy!  If you look really close at the end you can see his fangs.  (Sorry to all my Facebook friends, I know you’ve already seen this a time or two)

[youtube]http://www.youtube.com/watch?v=W-dB0Itcf30[/youtube]

Happy Friday, Blogosphere!

It’s been a busy week over here in Steph Land.

I’ve been making lots of offers, marketing properties for my buddies, and hunting down new cash buyers to add to my list.

Of the 12 offers I made last weekend, 4 of them were rejected, 3 went to highest and best (I wasn’t the best on any of them), 2 of them I got counters on and am still going back and forth with the bank, and the others I never heard anything back from the agents, so I’m assuming they were rejected.

My buddy Lee (aka the REO Rockstar) just got a property under contract in my favorite hood, so I spent the morning trying to get it sold. I sent a few of my buyers out to look at it, but haven’t heard anything back yet.

I’ve also got 20 signs out in the neighborhood, so I should be getting quite a few calls from those. Tomorrow morning I’ll head out to get some numbers off of “For Rent” signs and call those people up to see if they want more houses.  I would have done this today, but it was getting close to noon, and the streets were starting to fill up.   Even though I thoroughly enjoy being whistled and barked at (who doesn’t?), I decided I’d rather go back in the morning when most people are still in bed with hangovers.

I’ve been doing a bit of research on the MLS lately, just to see what’s been going on, and I noticed that the City of Tampa is now buying up quite a few REO properties in the neighborhoods that I work in.  So…. it looks like I will be competing with them for deals, too.

Yay!

According to this article,  they have close to 14 million to spend, which will go a loooooong way, especially when they are purchasing properties for 20k and under.

Perhaps I need to look for a new favorite neighborhood.

Or maybe I should send the City a letter telling them they need to get the hell off my turf- OR ELSE. I got street cred in the hood, yo.

Well, that about wraps it up for now..

I’ll leave you with a hilarious video that Shae posted on Facebook today.  It sums up the REO offer-making process quite nicely…

[youtube]http://www.youtube.com/watch?v=SM7oWKgCVo4[/youtube]

Have a great weekend, y’all- and don’t forget to pick up a copy of my shiny new eBook- Flip This REO! Click here to grab one now!

Later Alligators..

6/10/2009

Dear Joe,

From the bottom of my heart.

Sincerely,
Stephani Davis