Flip This Wholesaler

Trying to get back into the swing of things after the holiday. I had plans of putting out bandit signs the night after Thanksgiving, but it never happened. My Thanksgiving turned out to be a complete nightmare and I spent the next day unwinding. Thinking about putting them out this week, but not sure if it is worth the time and effort.

I got 3 calls today from my advertising. Made offers on all of them, but the sellers were looking for more money. 2 of them I will follow up with in a few weeks, the other guy was a complete jerk and not willing to budge on his price. Maybe I will call him in a few weeks just for fun.

While speaking with another investor today (emailing, actually), I learned that it may be very difficult for the guy I’m assigning my contract to to get conventional financing. I don’t know how I missed this very important detail in all of the reading and studying I’ve done over the years. Luckily I still have over a month until the closing, so I will do what I have to do to get it closed. I met an experienced investor a few years back who is also a mortgage broker, so I am going to try and get in touch with him tomorrow to see if he knows of any lenders who will finance an assignment deal. I also have a few other investors who may be able to help me out.

I have always read that this business is a business of problem solving, and now I am beginning to see why. It seems like there is always some sort of glitch that has to be figured out. I guess that’s why most of the sheeple out there never succeed at it. It certainly isn’t easy (at least in the beginning).

I had someone look at my townhouse today (for the 3rd time). She’s a college student (I live very close to USF), and her Dad wants to buy her a place instead of having her rent somewhere. I really thought they were going to put an offer in today, but haven’t heard anything. Keeping my fingers crossed.

A have 30 postcards to send out tomorrw. Also going to call on some ads from the Sunday paper.