Greetings everybody- I’ve got a new Q&A video for you guys today!

In this installment, I give my thoughts on shotgunning low offers on MLS listings, and also share some insight into how I hunt for motivated sellers on the MLS….check it out below and let me know what you think!

Enjoy the video, and have a fantastic week!

-Steph :)

Hey guys and gals!

I’ve been getting a lot of questions lately about transactional funding for REO and short sale flips, so I recorded a quick call yesterday with my friend Brian Meidam who owns Tailwind Funding (aka FundThisWholesaler.net).

Say hi to Brian (and his adorable family):

The call is about 20 minutes long, and Brian covers all the bases about what to expect when using transactional funding, how the process works, how to set up the closing, etc.  He also gives out the contact info. for the title company he recommends who will do back to back closings nationwide!

If you have any questions about transactional funding, or anything else we talked about during the call, feel free to leave a comment and either myself or Brian will answer them for ya!

***Click here to listen in on the call!***

Later Alligators!

P.S.
There is a “Funding” tab at the top of my blog with a link to Brian’s site, so if you end up needing his services down the road, you know where to find him. :)

P.P.S.
USA! USA! USA!

P.P.P.S.
SUCK IT, refs.

Hi guys and gals!

I’ve got another Reader Mail video for ya- this one came from Laura, who posted the following question on my Facebook fan page:

What is transactional funding?

Here’s your answer, Laura….

[vsw id=”aTggWoyzRgo” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

Have a great weekend y’all! :)

Later Alligators.

P.S.
Got more questions about wholesaling REOs?  Pick up my Flip This REO! eBook and get all the answers!

P.P.S.
Thanks, YouTube, for another lovely freeze frame.


Hola Blogosphere!

Sorry for being a terrible, lazy, pathetic excuse for a  blogger lately.

After getting the following messages from my buds Dorn and Justin on Facebook yesterday:

I decided I’d better get my ass in gear and write a blog post already.  (Speaking of Justin, I have a guest blog post from him coming up this week, so keep your eyes peeled).

So, anywho, I don’t have a whole lot of exciting news to report on the real estate front.  I’ve cut way back on my MLS offers as of late.  Partly because dealing with the banks kinda makes me want to tear all of my hair out of my head and then stab both of my eyes out with a sharp object, but mostly because I have easy access to my wholesaler buddies’ deals, and I don’t really have to do any work to get them, and I kind of like it that way.  Kind of a lot.

Less money, yes, but zero risk, zero hassles, and zero dealing with the stupid banks and their stupid, incompetent title companies.  It’s a fair trade-off in my eyes.

I’m still making 1 offer every day just so I don’t feel like I’m being lazy, but my days of making 10+ offers every day have come to a screeching halt.  And also, if I can’t make 10k or more on a deal, I’m not putting anything under contract with the banks.  That’s my new rule.  If I’m going to do small deals, they will be JV deals with my wholesaler friends.

So, that’s the plan for the time being anyway…

I didn’t get a whole lot accomplished this weekend, as I was being held hostage in my condo while the craziness of Gasparilla took over downtown Tampa.  In case you aren’t familiar with Gasparilla- it’s Tampa’s version of Mardi Gras- complete with pirates, beads, booze, boobs, and drunken mayhem.

This year the parade ended at the brand new park that is right across the street from the building I live in, so it was a nightmare down here.  Great for people-watching, though.  I have a telescope and a pair of binoculars, so I sat on my balcony with a few of my neighbors all day, drank Zing Zang bloody marys (thanks Craig!), and made fun of the crazies on the streets.  Good times.

After the parade ended, there was a Collective Soul concert in the new park, so I got to watch that from my balcony which was pretty cool:

024

I really love the building I live in, btw, and plan on staying here for quite some time.  Except now I’ve got my sights set on one of the penthouses on the 32nd floor.  How cool will that be?  I’m shooting for summer of 2011.  Mark your calendars. ;)

Let’s see, what else?

Oh, one of my goals for 2010 is to learn how to cook.  My idea was to learn one new recipe each week, so at the end of the year I’ll have 52 recipes under my belt.  It’s been interesting thus far, and I’ve documented all of my creations with my trusty camera.  Since this post is already 12 miles long, I’ll share some of my cooking adventures with you in another post. Including the 4 minute spicy garlic shrimp that I’m attempting to make for dinner tonight. Wish me luck.. :)

And that’s all I’ve got for now, folks.

10-4 over and out!

P.S.

Don’t forget- The Flip This Book Club will be meeting here on Monday, Feb 8th to discuss January’s book: The Five Major Pieces to the Life Puzzle, by Jim Rohn.  The book is awesome, btw, and a quick read too.