Flip This Wholesaler

I tried to get an option on the house I went to look at last week because I wasn’t sure if the numbers were good enough, but the sellers wouldn’t go for it. I ended up telling another investor about it, and she now has it under contract- we are going to split the assignment if/when we find a buyer.

I got a call today from one of the realtors I spoke to last week. His client has dropped his price again, and he called to see if I’d be interested. The ARV is 175k, it needs minor work, and he’s asking 125k. He lives in California and just wants to be rid of it. I’m going tomorrow morning to check it out, and most likely get it under contract.

I haven’t spent a lot of time looking for deals this week, as my brother is in town from Illinois, and I have some other stuff going on. I still want to get another deal by the end of the year. Hopefully the one I look at tomorrow will work out.

One of the deals I have going may be closing tomorrow instead of next week- I’m still waiting to hear from the title co. I will be getting 5k, which I really really need, so I hope I don’t have to wait until next week. Nothing like being broke for Christmas.

I never heard from the buyer who looked at the house on Saturday. I’m glad I just have an option on this one because I don’t think it’s a good enough deal and don’t think I’m going to find a buyer. Also, it is a subject-to deal, and I don’t really feel good about assigning it to someone I don’t know.

I didn’t get much done today. I am starting to panic about finding the next deal. Also worrying about what would happen if the two deals I have under contract don’t work out. I will basically be Screwed (with a capital S). Just one of those days, I guess, where I start to doubt myself. I had a long crappy weekend at work. Had to break down and ask a friend for a short term loan to get me through the month. Have been dreading doing it and now feel like a big fat loser. Just need to regroup and forge ahead. Going to get up extra early tomorrow and get as much accomplished as I can.