Flip This Wholesaler

Hola amigos!

I hope you all enjoyed your Halloween weekend.

My plan to dress up as a hot dog never materialized, so instead I decided to be Steph with pink hair and sunglasses….

I kind of look like a transvestite, no?

Anywho, I don’t have too much to report on the real estate front.  The deal that I was working on with Murphy never materialized.   My buyer decided to take his sweet old time getting back to me with a contract and deposit, and by the time he made up his mind and decided to go for it,  it was too late.  Yay!

Today I went and looked at 6 properties and put offers in on all of them.  Right now I’ve got a handful of buyers who are chomping at the bit for new deals, so I’m making offers on anything and everything.  I’ve got a list of properties to look at tomorrow as well.  I’ll just keep making offers until I get one.  That always seems to do the trick..

In other news, after reading this article by Tim Ferriss for the 100th time, I’ve decided that I need to do something about my addiction to my Crackberry.  My email habits are totally out of control, and I need to put my foot down ASAP.  So……from here on out, I’m only checking my email ONCE A DAY.  I’ve tried implementing this strategy several times in the past, but was not able to stick to it. This time I mean business, dammit.

I’ll keep you posted..

Oh, I also recorded a Saturday Night Reader Mail on Halloween, which turned into a 4 hour production because Windows Movie Maker is a steaming pile of dog crap. I posted it to my blog late Saturday night (after many Halloween cocktails), then I went back to edit the post and accidentally deleted the whole thing. I was seconds away from punching my laptop in the face, so I decided to wait until I cooled off to repost it.

So, here it is….(it’s about using bandit signs to find buyers, btw).  Enjoy!

Click here to get your FREE BANDIT SIGNS!

Later Alligators!

P.S.
Try not to pay attention to how many times I say “Um” in the video.

P.P.S.
Don’t forget to pick up your copy of Flip This REO!

P.P.P.S.
Like my videos? To subscribe to my YouTube channel, go here, then click on the yellow “Subscribe” button above the video!

Ahhh, it feels nice to be back in the swing of things..

I kind of fell off the face of the Earth over the last few months- locked away in my condo working on the new blog, and then the eBook.

I was a little apprehensive about jumping back in, but as it turns out, it’s just like riding a bike..

I spent the last few days touching base with all of my buyers, and also all of my wholesaler buddies.  Turns out my buyers are still buying, and my wholesaler buddies are still wholesaling, so I’m back in business..

Murphy called me last night at around 10pm to let me know about a great REO deal he just got under contract.  The property went to highest and best, and the agent sent him an email last night letting him know where he needed to be to get it (those damn dirty agents!).

This house is in an area that one of my favorite buyers likes, so I sent him the info on it last night, and he’s going out to look at it today.  I should have an offer from him before the day is over.  There’s not a ton of room on the deal, but if I can make a quick 3 grand for sending out an email, I’ll take it and run.  Rinse and repeat, rinse and repeat..

I’ve got a list of properties to look at today, and also a list of potential buyers that I will be stalking…

Gotta run- later Alligators!

Hi Everybody!

Sorry I’ve been such a bad blogger lately.  I’ve been busy working on the ebook, which should be ready to go a week from Monday.

Once that’s finished up, I’ll be able to get back to posting more than once a week..

Anywho, I put together another Reader Mail video for you guys last night.  Hope you enjoy it…

.

P.S.
If you haven’t already subscribed to my YouTube channel, you can go here to do so.

I finally got an email from the buyer for the Nightmare Deal telling me that everything was fine with the financing so far, it is in underwriting right now. I guess I need to stop always assuming the worst of every situation.

I made a bunch of phone calls (not the 20 I had planned on), and in the process, added two more buyers to my buyers list.

A little bit ago, I received an email from a seller who received my postcard. This is what it said, verbatim (except for the address):

“How fast can you give me cash for my home? I live at
XXX Drive, Tarpon Springs 34689. What will you
give me for it? There are no liens and it is paid for
with no mortgages. I paid $112,000 for it. You can
check the other info on the pinellas public records.”

I sent her an email back immediately asking if it was too late to call (this was around 9:30 pm).

I ended up calling her a few minutes later.

The house is 3/2 1300 sf, built in 1957, and needs updating. I asked her what the the least amount she’d take if I could offer all cash and close quickly.

She said 105k (She paid 112k for it 3 years ago).

I’m not familiar with the area, so I said I would check comps and call her right back.

There are two solid comps (within the last 2 months), for 150k and 178k.

I told her I could get her close to what she’s asking, and set up an appointment to look at it tomorrow @ 1pm. I am going to try and get it for cheaper than 105k, but even at that price, I’m pretty sure I can find a buyer no problem.

Actually, one of the guys I added to my buyers list today buys properties in this area. Also, it seems like houses in this price range (close to or below 100k), are much easier to get rid of. It would be great to get this under contract tomorrow.

I can at least get a good night’s sleep tonight now that I know the buyers of the Nightmare Deal are still planning on buying. I was up until about 2am last night worrying about it.

I finally managed to screw my head back on straight after a couple days of stress and anxiety. I’m trying to get better at adjusting to the ups and downs of this business, but it is tough. It really feels like a roller coaster ride sometimes.

My contact management software (ACT) decided to stop working yesterday. I have no idea what the problem is, and don’t really have the time to try and figure it out. So, I’ll have to stop sending postcards for the time being. I’m looking at it as a blessing in disguise, since I am trying to make myself be more pro-active, instead of just sitting around waiting for the phone to ring.

I got the newspaper today and made myself cold call a bunch of ads. I ended up with 3 decent leads that I’m going to look at tomorrow.

I also came up with a new set of daily goals that I’m going to make myself accomplish: (#1) Make at least 20 phone calls to ads in the paper, ads online, signs on the side of the road, etc. (#2) Send out at least 20 postcards per day- this may have to wait until I figure out what the heck is wrong w my ACT program, but I think there is a template in Word that I can use for printing address labels (#3) add at least one buyer to my buyers list per day (#4) Make at least one offer a day on a listed property. I think these are realistic goals as long as I manage my time wisely.

While calling ads in the paper today, I added another cash/hard money buyer to my buyers list. I”m now up to 19.

I really need to focus on marketing in the next couple of weeks. I have spent a lot of time looking for buyers for my current deals, which has taken away from time I could be marketing- another incentive for me to build my buyers list as quickly as possible.

I’m down to 3 weekends at my bartending job- New Year’s Eve is my last day. I still question myself every once in awhile, but I am not turning back.

I keep feeling like I just need to get one more deal to prove to myself that this is for real. I wonder how many I’ll have to do before I stop feeling that way.