Flip This Wholesaler

12/3/2008

This is really unbelievable.

Just lost another deal.

This is the one where I said I knew it would never close because the guy who I am working the deal with (Murphy) and I are cursed. All of our deals that we try to work together always fall apart.

This one, though, I think is my favorite.

This one was supposed to close on the 24th of last month, and we have been waiting for the bank to sign an extension. Well, they just came back today and said they are not signing it because they are selling this house to someone else as part of a package deal. WHAT THE FUCK? You’ve GOT TO BE KIDDING ME.

Now I get to call my new buyer and try to explain this to him, and he is not going to be happy.

I am so ticked off right now I feel like punching someone in the face. Preferably an asset manger/ bank title agent/ etc.

11/26/2008

Well, it looks like out of the 4 deals that are supposed to close this week, not a single one is going to close on time.

Dang.

Should have kept my big mouth shut, huh?

All four are being held up by the banks and/or their title companies.

I have a feeling that one of them is not going to close at all. This is a deal that I am working with another wholesaler (Murphy), and together, we are cursed. Every single deal we work on together ends up falling apart for one reason or another. It’s the strangest thing.

He was involved in the Shady deal, and we have worked on 4 or 5 deals since then, and none of them have panned out. This one was supposed to close Monday, but we do not have clear title yet, and I have a sneaking suspicion that there is going to be some sort of title problem that can’t be resolved easily/quickly. Just a hunch I have, and have had it since the day we signed the contract. The buyer is a cash buyer and really wants the house, so there are no worries on that end. Which is good, provided we can get clear title.

Apparently everyone in the industry is taking this week off except me……I can’t get a phone call returned to save my life. I called 4 realtors yesterday for lock box codes, and as of this morning, have not heard back from any of them. I got in the houses anyway, but that’s beside the point. Hehe.

That’s all I’ve got for today.

Happy Turkey Eve!