Flip This Wholesaler

5/23/2009

Holy crap, can you believe that shot by Lebron last night? I almost peed my pants. Here it is in case you missed it..

GO CAVS!!

I got an offer accepted yesterday on a short sale that was just approved. It was listed for 49.9k, I offered 35k and they ended up taking 39.5k. Murphy thinks he has a buyer for 49k, so we’ll split it 50/50 if his buyer takes it. I’m not sure if my title company will do a simultaneous close on a short sale, so I may have to bring cash to closing on this one. I’ll have to find that out on Tuesday.

Tomorrow I’m going out bright and early and dropping a bandit sign bomb in the neighborhood where this deal is. I need some new buyers in this area, and nothing does the trick like going on a sign Ninja mission. I’ve got 25 signs all written up and ready to go. I planned on putting them out this morning, but I decided to sleep in instead. It’s a holiday weekend after all, so I figured, what the heck.

Today I’ll be doing some research on the mls to see who is buying what, and for how much, and then I’m going to read this blog from beginning to end. Someone sent me a link to it earlier, and I am intrigued. This girl is pretty much living my dream, and I hope to follow in her footsteps sometime in the near future…

Have a great weekend Blogosphere!

P.S.
The French Open starts tomorrow-GO R-FED!

5/18/2009

I had a fantastic weekend. Didn’t get a whole lot of work done, but I had a good time.

A friend of mine was in town for the weekend, so we hit the beach, threw some steaks on the grill, and had lots and lots o’ cocktails. Good times.

Oh, I also bet on Rachel Alexandra in the Preakness and won! I don’t usually bet, but I was feeling lucky, so I said what the heck.

I basically took the entire weekend off from all things real estate, so I’m ready to jump back in today and do some serious damage this week.

As soon as I finish this post, I’m heading to Laird Plastics to pick up 100 more signs, and plan on putting 10 out every day this week. That will get my phone ringing, and should land me some fresh new buyers. Buyers=money in this market, so I’m always on the hunt for new ones.

My goals for the week…..

(1) Put out 70 signs

(2) 21 offers (3/day)

(3) Run 3.5 miles/5 days

(4) Listen to T. Harv Eker’s Millionaire Mind audios (thanks to Kelly for sending them to me!)

OK, what about you guys/gals?

Let’s keep this going….. what are your goals for the week?

5/14/2009

Well, it looks like one of the deals with DB (the one where I’m making the most money), is going to close later today, or first thing in the morning. We are just waiting on a final HUD from the bank’s title company. They screwed up the commission on the first HUD, so now we have to wait for them to fix it. Normally this would only take an hour or so, but we’re dealing with Watson Title here, so you know how that goes. If they don’t have it done by the end of the day, they will be hearing from me bright and early tomorrow..

The lien search finally came back on the other DB deal, and it looks like that one is going to close Monday or Tuesday. DB already has a contractor lined up for this property (I know this because the contractor also does work for a rehabber friend of mine, and he told him he was going to be doing the rehab on this house). So that’s good.

I may be getting another JV deal signed up with Lee today. Hopefully. I’m still negotiating with my buyer (McHotterson), but I’m pretty sure he is going to take it. I’m just waiting on his call…

I also found a new buyer today (he called on one of my signs) who is looking to park his cash into some cheap rentals, so I’m going to be meeting with him this weekend to get a better idea of what he’s looking for.

So, anywho, things are going pretty well over here…

Gotta run. Later alligators!

P.S.
Happy Birthday Brett!

P.P.S
In case you missed the REO Rockstar webinar last night (or in case you couldn’t hear what was being said because of all of the background noise on the line), Lee is doing another one tonight @ 9pm).

4/27/2009

Hope everyone had a great weekend…….I spent most of mine working. I put out 30 signs yesterday so my phone should be ringing off the hook this week. I also managed to smash my thumb with a hammer while I was nailing a sign to a fence, which felt really good.

Take a look at my handiwork…

My friend already closed on this house, so I thought I would take advantage of the free advertising space and throw a sign up in the yard. I put this sign up around 3pm yesterday, and already have received 6 calls. The house sits on a corner lot right by a busy intersection, so it will get lots of exposure.

2 of my deals ended up closing late Friday, and I’ve got 2 that are supposed to close this week- one tomorrow, and one Friday. Watson title is handling the one that’s supposed to close Friday, and you all should know by now what that means: Ain’t gonna happen. I’m actually working on getting some “Watson Title Sucks” T-shirts made up. Because they suck so very badly…

Oh, I also finished up the goals I set for myself last Monday (finished the outline, and found 2 new buyers). I didn’t get them accomplished by Friday like I had planned, but had them done by the end of the weekend, which is good enough for me. Reading through the comments, it looks like about half of us accomplished what we set out to do, and the other half did not.

This week, my goal is to get at least one more deal locked up, and to get the FAQ section written for my new website. I think the Friday deadline comes a little too fast, so how about I give us all a full week to accomplish our goals?

So….. let’s hear your goals for this week. If you slacked off last week, now is your chance to redeem yourself…

4/23/09

You guys are probably going to think I’m making this up, but I now have 7 deals locked up, and am waiting on a contract and deposit on an 8th! No kidding.

I sold one of them to a guy who responded to my Craigslist ad that I posted over the weekend. I haven’t used Craigslist in a long, long, time, but decided it wouldn’t hurt to start throwing some ads up every once in awhile- it only takes a few minutes to do, and it’s FREE. I love me some free advertising. So anyway, I got 2 calls on the ad I posted, and ended up meeting one of the guys yesterday for coffee. He didn’t buy the property I was advertising, but ended up putting a contract on another one that I have an option on. My option price is 30k, and this guy is going to buy it for 35k. This makes me happy. Craigslist rocks.

Today I’m meeting 2 of my wholesaler buddies for a power lunch. The 3 of us together are a dangerous combination. In a good way.

I’m also going to be putting out a bunch of signs today- I just bought 100 last week. My goal is to put out 25/week. That will keep my phone ringing for sure.

And that’s all I’ve got for now.

Have a wonderful Wednesday!

P.S.
Thanks to all who are participating in Accountability Monday- I look forward to hearing about all of your successes this week. I’m kind of slacking on my goals at the moment, but will be sure to have everything done by Friday.