Flip This Wholesaler

1/3/2009

I got a counter offer today.

On a Saturday.

This is shocking.

I’ve never gotten a counter offer on a weekend before. Ever. I didn’t even know that REO agents and banks worked on the weekends. It’s hard enough getting an answer out of them on a weekday, let alone on a weekend. Again, I’m SHOCKED.

It’s especially shocking because I’ve been offering on this stupid house for the last six months. The listing just expired with the (worthless) agent who’s had it the whole time it’s been on the market, and it was just relisted a few days ago with another guy. I’ve come to the conclusion over the last year of making offers, that the agent who had this house originally, does not like to make money. Either that or she is just stupid and lazy. Or, maybe all three. I’ve probably made over 100 offers on her listings since last summer, and I have NEVER, EVER, received a single response. I’m not kidding. And, these are not all low-ball offers, either…. For example, this house that I got a counter offer on today…I made an offer on it 2 weeks ago when she still had the listing.. I offered 8k below list, with a closing in 1 week (or maybe 10 days, I can’t remember), all cash, no contingencies. And I got no response. Nothing. Crickets. So, I finally called her up a few days later and asked her if she got a counter from the bank, and also told her (in so many words), that I was willing to come up a little if they were willing to come down a little. So, she tells me she will call me right back, and then I never hear from her again. This was on a Friday afternoon that I called her, and so I waited until Monday afternoon, and when I still hadn’t heard from her, I called again (twice), and left 2 messages, and then I sent 2 emails. No response. More crickets. This is unacceptable to me. Seriously. WE ARE 8K APART AND THIS HOUSE HAS BEEN LISTED FOR 6 MONTHS! WORK WITH ME HERE, YOU LAZY PIECE OF WORTHLESS REO AGENT.. Geeze…

Anyway, so the property came back on the market a few days ago, I made an offer on it yesterday, and I got a response back today. That’s more like it.

I’m pretty sure California Guy will take it, but he’s kind of been pissing me off lately and not giving me any feedback on the houses I send him. Maybe he wants to go find the deals on his own?? Have at it, Buddy. Look out for me and my cohorts, though, cause we’ll probably beat you to the punch every single time. Hehe. Just kidding.. Not really.

10-4. Over and out.

12/17/2008

Ahhhhhh.. These REOs. They are so much fun. So much dang fun I don’t know what to do with myself sometimes..

So, the deal that was supposed to close Monday, that they moved to today, that I am closing at my buyer’s title company because he doesn’t have an ID……well, that is quasi-closed. And by quasi-closed, I mean that all of the docs are signed, and my buyer’s funds (see below) are in escrow at his title company……BUT…..the stupid freaking seller has not sent the deed package to their title company yet, and my buyer’s title company will not release his funds until they get a copy of the signed deed from the bank’s title company (this could take years).

YAAAAAY!!

My favorite thing in the world is going to a closing and then leaving without getting paid. LOVE IT. This is the second time in a month that I have gone to closing, signed docs, and then walked out without a check. This really irritates the living crap out of me.

I think, perhaps, that the Universe is trying to teach me to be patient.

The Universe can kiss my ass.

P.S.
My sans-ID-buyer brought $25,000 CASH to closing today. No, I’m not kidding. 25k in cold hard cash. Thought about taking a picture, but I didn’t think it would go over too well.  WTF?

12/12/2008

I really, truly, want to drive up to Destin, and kick someone’s ass.

I’m starting to think I’m on candid camera. Or, MTV’s Boiling Points. No kidding. Because I do not see how it’s even possible for people to fuck things up this badly, unless they are doing it on purpose for the sake of entertainment.

I don’t know- maybe I misunderstood the email I got from the bank’s title company last night that said this:

We are ready to close on our end. We have clear title, and searches are back. We can close whenever you are ready..

So then, I contact my title company to set up the closing for Monday, and then tell my buyer that we are ready to close Monday. And then I get a call this afternoon from one of the “closing coordinators” for the bank who informs me that they just started the title work YESTERDAY.

WTF?

Seriously, W. T. F?

And then when I tried to call the lady who sent me the email last night telling me they were ready to close- she does not answer, and does not respond to emails.

Good times.

12/8/2008

Well, what can I say? Phoenix was AWESOME. I can’t even tell you how lucky I am to be a part of the mastermind group that I am in. There is an amazing cast of characters that belong to it, and I have learned so much from all of them already. We crammed so much into the 3 days we were there, and I left feeling more motivated and positive than I have in a really long time. I set some new goals for myself to achieve before our next get-together, and let me just tell you, the consequence for not achieving them is something that I can not let happen….. So, needless to say, I’ve got some work to do over the next few months..

I ended up getting another offer accepted while I was in Phoenix (right after I landed, actually). I already had a buyer lined up for this while I was countering with the bank, so that’s good news.

I have another REO-title-company-disaster in the works right now. (Yaaay!) So that makes two. Both deals are supposed to close on the 19th of this month. One of them is the one that was supposed to close last month where they forgot to get the addendum signed. The other is one I got accepted about a month ago, and the bank’s title company lost the file or something, and no one knows what the hell is going on, and no one really cares, either- well, except for me and my buyer. That’s pretty much the status of the other one, too. I am SO, SO, SO, SO, SO, SO, SICK of dealing with these incompetent, effing, morons. Seriously, I am just FED. UP. It’s like I have to do the job of 4 other people if I want to get a deal to close in a somewhat reasonable amount of time. It’s so frustrating. I probably spent 3 hours on the phone today trying to get in contact with someone who knew what the heck was going on, and I still got nowhere.

The one that I got accepted in Phoenix is also supposed to close on the 19th, but I highly doubt they will be able to pull it off. It would be nice to close all 3 in one day, and then a few days later head home for Christmas. Is that too much to ask, I wonder?? Can I request a Christmas Miracle??? Please?

I have a few other offers out there that I might be getting accepted this week, and then I still have to sell the one that I got accepted the day before I left. I have an entire 30 days to sell that one, and I’m making at least 10k on it, come hell or high freaking water.

And now I’m off to bed.

Adios.

12/4/2008

Gosh, lots to write about- and I still have to pack for Phoenix, clean my condo, and figure out how I’m getting to the airport….

Well, lets see…..the deal that was supposed to close Tuesday where they forgot to get the addendum signed……that has turned into the biggest circus that I have ever seen. I’m not kidding you. I really, truly, have never seen a bigger mess before in any of the deals I’ve done….The contract expires on this deal tomorrow, and the asset management company still does not know what is going on. I will explain it in more detail when I get back, but just trust me when I tell you this has turned into one ginormous fiasco. It’s almost kind of funny, except for the fact that my paycheck is once again at the mercy of a bunch of bumbling idiots.

I finally gave up on the property where the asset manager disappeared… the last counter I received from them was Monday, so I just figured it was a dead deal and I had lost it to someone else. Well, I got an email from the listing agent at around 4pm today telling me they accepted my offer!! They didn’t even counter back, they just took my offer of 24.5k. This is phenomenal news, as I’m pretty confident I can make 10k on this one. Woohoo! My favorite part of this deal is that the listing agent was too lazy to check the mls history on this house (or actually walk through the house and look at it), so it is listed on the mls as a 2/1 (that’s what it says in the tax records, which are often incorrect), when it is really a 3/2. Hahahahaha. Nothing makes me happier than capitalizing on other people’s laziness. Really.

I also am probably going to get another one accepted tomorrow. We’ve been going back and forth on this one for a few days and are now only 4k apart. The listing agent told me he’s pretty sure he can push it through, so hopefully I will get a confirmation tomorrow. I already have a buyer for this one if I get it (he’s the buyer for the deal that fell through on Wednesday where the bank screwed us over and sold to someone else).

I have more to write about, but it is 1am, and I need to get at least a few hours of sleep- my flight leaves at 6am, and I always like to get there extra early, just in case.

Have a fantastic weekend y’all……..I’ll be back Monday with tales from the Flip Vip’s trip.

P.S.
I hijacked the title to this post from Vanilla Sky. In case you were wondering.