Flip This Wholesaler

So it’s been quite the busy/productive December so far over here at Flip This Wholesaler HQ.

I managed to put a deal together last week with one of my wholesaler buddies (W00t!).  It’s not a home run by any means, but I only have an hour or so into the deal and I’m making a few grand, so I’m happy.   I ended up bringing the buyer to the table on this one.  I’ll give you three guesses how this buyer found out about the deal….

#1) Handwritten Sign

#2) Handwritten Sign

#3) Handwritten Sign

If you guessed handwritten sign, you would be correct.

I actually have a picture of the exact sign that my buyer saw- she pointed it out to me as we were on our way out of the neighborhood to go to Amscot and make copies of the contract and deposit.

Here it is…..

I wasn’t even going to put any signs out at all for this property, as it is priced a little high for the area, and I figured it would be a waste of time.   Turns out this lady was the only phone call that came in from this batch of signs, and she ended up buying the deal.  Nice.  She’s also looking to pick up another property in the area ASAP, so I’m on a mission to find her another one before the year is up.

This deal is supposed to close next week, and the bank is actually using a local title company that doesn’t suck, so we won’t have to deal with the hacks over at Watson title.  So that’s a good thing.

What else?

I got two really nice counter offers Friday afternoon from REOs that I offered on earlier in the week.  I’m going to counter back first thing this morning and hope that I get at least one of them under contract before someone else beats me to the punch…

As I mentioned in a prior post, I set a goal of finding 20 new buyers to add my list, and I accomplished that over the weekend (woohoo!), so now I’m just going to hit up the MLS and start making offers like a crazy person.  There are still almost 4 weeks left in 2009, and I plan on taking full advantage of every single day.  And then I am going to CRUSH 2010.

Speaking of crushing it, I’ve been kicking some serious ass in the gym as well.  I’m sticking to my goal of running 84 miles before I go up North for Christmas.  Yesterday was day #9 that I’ve ran 3.5 miles, which brings my total to 31.5 miles.  9 down, 15 to go!  I’ve been marking my calendar with a big red dot every day when I get back from my run.   It helps keep me motivated.  Check it out….

December is going to be one red hot mess when I get finished with it.  Hehe.

Other than that, I’ve been spending a lot of time working on my goals for 2010.  Yesterday I spent about four hours making a “Mind Movie”, which is something that’s been on my to-do list for about 6 months now.  I already have a vision board, and a list of positive affirmations that I go through every morning and night.  A Mind Movie basically combines all of them together into a slide show of what your perfect life looks like.  Pretty cool if you’re into that kind of stuff.  I created mine for free using Windows Movie Maker, but actually hijacked the idea from a Mind Movies product that I stumbled on while I was surfing the net…

So, anywho, that’s what I’ve been up to.

Hope you all have a fantastic week!

Later Alligators.

P.S.
I got an email over the weekend from a girl who bought my Flip This REO! eBook and just closed her first deal . She’s been working her ass off for the last 2 months and just made $7300! Woohoo- congrats Meghan!!

P.P.S.
If you have a success story you’d like to share (doesn’t have to be from an REO deal), please send it my way. I’m going to be adding a “Success Stories” section to the blog soon and I’d love to have yours to add to it.

Happy Friday, y’all!

I’m pleased to announce that I found my Mojo and am up and at ‘em again- woohoo!

I should be good to go for another six months or so,  so don’t expect any more 2 week hiatuses (hiati?) for awhile..

Anywho, I’ve got some possible deals cookin’ that I should be finding out about by the end of the day.  One of them is a deal that Murphy got under contract 3 weeks ago.  I thought it would be a no-brainer deal for a buyer of mine that I have done quite a bit of business with.  The house fits his buying criteria perfectly- neighborhood, price, beds/bath, all that stuff..

I sent it to him 3 weeks ago and he wasn’t interested because it is too small.  He gets pickier and pickier every time I talk to him, and now he’s only buying stuff that is 1200 sf or more, concrete block, in nice neighborhoods, and 3 bedrooms/2 bath minimum.  Smart guy.  He’s got over 20 houses right now, and wants another 30.  He’s going to hold all of them as rentals (all are producing positive cash flow), and I’m guessing he’s going to be sitting on a freaking gold mine 10 years down the road..

So, anyway, he passed on the deal, but called 2 days ago to ask if it was still available.  He’s now working with a group of investors from outside of the US who want to do the same thing he’s doing, and apparently they want the property.

Long story short, we should be getting a contract for 64k by the end of the day (contract price with the bank is 58k), but I’m not holding my breath.  The title work on this one is ready to go, so if all works out, it should close by Friday of next week.  There are a few too many “ifs” and “shoulds” in that sentence for my liking, but we’ll just have to wait and see..

The other deal is a duplex that I offered on last week and just got a counter back from the bank yesterday.   I picked up a new buyer earlier this week from one of the signs I have out (I’ve got about 60 signs out right now),  and he just so happens to be looking for duplexes in this neighborhood.  He just bought one right up the street from the property I offered on, so I know he’s interested in this area.  Right now the bank is at 41k, and I need to get them down about 5k more.  I countered back this morning and am hoping to hear back from them by the end of the day.

If I don’t end up getting this one at my price, I’ll wait 2 weeks and have Murphy put in an offer and see if they will come down a little more.  Half of something is better than nothing, ya know..

Oh, before I forget, my buddy Patrick Riddle, AKA P-Rid, is holding the first annual “Battle of the REI Blogs” starting this coming Monday.   I’m up against some heavy hitters, so I really need for you guys to put on your game faces and help me out.  Some of the contestants are already starting to talk smack (not mentioning any names, TREVOR MAUCH), and I would really like to put them all in their places!

I’ll be back Monday morning to explain the details of the contest, so make sure to check back here bright and early.  I’m actually heading off now for a weekend long Top-Secret-Ninja-Blog-Battle-Boot Camp (it’s known in the industry as TSNBBBC), to brush up on my skills.. I hear it’s some pretty intensive training, so wish me luck!

Have a great weekend, Everybody!

Later Alligators..

P.S.
If you’re ready to get off the fence and learn how to flip REOs, grab yourself a copy of my Flip This REO! eBook today- click here to get it now!

P.P.S.
Don’t forget to check back here Monday morning- I need all the votes I can get!

P.P.P.S.
This has nothing to do with real estate, but if you’re into nature-y stuff like I am, you’ll appreciate this GINORMOUS dead snake they recently found in South Florida. Crazy!  If you look really close at the end you can see his fangs.  (Sorry to all my Facebook friends, I know you’ve already seen this a time or two)

[youtube]http://www.youtube.com/watch?v=W-dB0Itcf30[/youtube]

Hi Strangers!

Remember me?

I thought today would be a good day to come out of hibernation, being that it is my THREE year Bloggiversary and all..

Three years- can you believe it?

Seems like just yesterday that I sat down to write my first post on my original blog over at Flippinghomes.com.  Actually, I take that back. It seems more like 3 lifetimes ago, but you know what I mean.

So, I spent the ENTIRE day baking a delicious Bloggiversary cybercake for all of us to enjoy.  It’s dark chocolate with black raspberry filling and a cream cheese frosting……

Mmmmmmm…. looks delish, doesn’t it?

Go ahead and help yourselves- there’s plenty to go around…

So, anywho, in case you were wondering what the hell I’ve been up to (clearly not blogging), the truth is…. I’ve been in somewhat of a funk lately.

Also, I’ve been suffering from writer’s block, as well as a mild to moderate case of REI burn-out.

And also, my lower back has been kicking like Chuck Norris for about two weeks now, and last but not least, I think I’m coming down with the flu or something. (Mom, if you’re reading this, I just made all of that up for dramatic effect, so stop worrying).

So yeah, I’ve not been very productive in the real estate/blogging departments lately.

I expect this funk to last approximately 0-2 more days, and then I will be back in the swing of things, dammit.

I considered keeping the details of this little rut to myself, but I figured if you guys are on the internets and in the real estate arena, you already have enough people blowing smoke up your ass on a daily basis, so I thought I’d do something a little different and tell it like it is.

Zing.

On a lighter note, I start my orientation to become a volunteer at the Humane Society this Saturday, which I am really looking forward to.  I’m going to be an animal companion, which basically consists of taking the dogs outside to give them exercise. I’m also going to see if Jim will qualify for the Pet-a-Pet program.   Perhaps I’m biased, but I think he would make the perfect therapy dog….

Well, that’s all I’ve got for now, guys.

If you don’t see another post from me by the weekend…..send help.  Just kidding.

Later Alligators!

P.S.
Thanks to all of you for sticking with me these last 3 years- you guys are the best, and I truly appreciate all of your support. For real.

P.P.S.
Don’t forget to wipe the cake crumbs off your chin.

P.P.P.S.
There are still a few copies of my Flip This REO! eBook left in cyberspace. Click here to grab yours now!