Hi Guys and Gals!
How was your week? Everybody making lots of offers and lots of money?
All is well over here in Tampa, minus the fact that I haven’t seen the sun in about 4 days, and also, I’m FREEZING MY ASS OFF. I know many of you are buried under seven hundred feet of snow and are without electricity and you probably want to crawl through the computer and strangle me when I complain about it being fourty effing degrees here, but I can’t help it. THIS WEATHER BLOWS. It’s no accident that I live in the Sunshine State, so I feel entitled to complain.
Anywho, enough about the weather- let’s talk real estate, shall we?
I thought I was going to be writing a post today about a new REO deal that I just got under contract, but that ain’t happening, apparently. I’ve actually been negotiating with the bank on this particular deal since last week and thought it was in the bag. The house has been on the market on and off for over two years. Two. Years. Seriously. It’s currently listed for $25,000 and my initial offer was $12.2k. The house is a piece of crap located on Piece Of Crap Street, but I’ve got a buyer who happens to like this little area and he’s looking for something in the el cheapo price range, and this dump fits the bill…
So, anyway, I offered 12.2k, all cash, no contingencies, with a 3 day closing. The bank came down from $25k to 16k on their first counter, which was quite shocking, in a good way. Nine times out of ten when they come off their list price that much right out of the gate, they will come down more. So, I countered back at 13.5k last week and have been waiting and waiting for a response. I already ran the deal past my buyer, who said he would be interested at 20k-ish.
I finally got a call back from the agent yesterday letting me know that they got a full price offer and asking if I was interested in coming up any more. HAHAHAHAHA! Yeah, no thanks.
I figured it was a wholesaler who put it under contract, so I checked Craigslist a few hours later, and sure enough, the property was listed with a nice little 7k markup. There’s no way in hell anyone is going to pay that much for that property, so I expect to see it hit the market again in the next 3-10 days, depending on how long the inspection period is. I already let the agent know that I’m still interested, and I’ll be checking in with her every couple of days so she doesn’t forget…
Aside from that, I’ve got a few other deals I’m working on with my wholesaler buddies, but nothing under contract at the moment. I’ve also got a few out of state buyers that are looking for deals in Tampa, as well as some of my local buyers who have been calling me looking for houses.
And that’s about all I’ve got for now, folks. Gotta run- time to make the doughnuts.
Have a great weekend, Everyone!
P.S.
Things are not going so well for Chef Steph. My Scallops Parmesan turned out disastrous and had to be thrown away. Seriously, it was that bad.

Ewwwww. I can barely look without gagging a little bit.