Flip This Wholesaler

Holy crap, Blogosphere- long time, no post.

I do apologize for my severe lack of posting lately.   I think I said that last time, but I’ll just go ahead and repeat myself.

I  have a pretty good excuse for my absense, though…

I wasn’t even going to mention this yet, but Oprah (Winfrey) found out about my eBook, and she had her people contact my people, and next thing you know, I’m off to Chicago for meetings and such.  She’s preparing to launch her “eBook of the Month Club,”  and wants Flip This REO! to be a part of it…

I’m still thinking it over.

So, anyway, things have been kind of crazy over here, as you can imagine..

I know it was six years ago when I wrote about it, but remember those two deals that I was working on with Murphy?

Well, one of them, as it turns out, has some serious settlement issues going on (as in, it’s on a sinkhole).   I don’t know if you guys in other parts of the country have to deal with sinkholes, but they’re all over the place in sunny F-L-A.

This isn’t the first time this has happened to me, and if I wasn’t deliriously tired right now, I would search through the archives and find the post about the other time I thought I had the deal of the century and then I went back to inspect the house for the 2nd time and realized that I had a big problem on my hands.  Remember that?

Actually…..wait a sec……..here it is.

So, anyway, long story short, the back of the house looks kinda like this…

Good times.

It’s not quite that bad, but bad enough to put the kibosh on the deal.

In case you’re wondering how in the heck both of us could have missed something like this, I don’t really have an answer for you.   Apparently, we both had our heads up our asses when we walked around the house..

Thankfully, the bank’s addendum included a 10 day inspection period, so Murphy was able to get out of the contract and get his deposit back.

I wonder if I learned my lesson this time? I also wonder if that sentence should have a question mark after it?

We found a buyer for the other deal, which is supposed to close at the end of the month.   Unfortunately,  we have the worst  title company in the whole wide world handling the closing, so I’m not holding my breath.

(BTW, I just Googled “Watson Title”, and apparently I’m not the only one who thinks they SUCK.)  And no, Filip Kunovski is not my alias.  Although, the name does have a nice ring to it..

Let’s see….what else?

I’m leaving for St. Louis tomorrow to visit with my sister and nephew, and then my Dad is coming down from IL and we’re all heading to the sticks of Southern IL for a family reunion where there will most likely be a pig roast, and possibly a tractor pull.

And hopefully, lots o’ beer.

In the can.

I probably won’t be able to post to my blog while I’m there, but you can follow my updates on Facebook and Twitter if you feel so inclined.

I guess I better get going.  It’s almost 3am, and shockingly enough, I haven’t started packing yet..

Later Alligators!

P.S.
Happy Birthday Mom, I LOVE YOU!! XOXOXOXO

P.P.S
Happy belated Bloggiversary, Shae!

P.P.P.S
Congrats on your first year in the flipping biz, Jason!

P.P.P.P.S. (sorry- I’m making up for lost time)
Patrick Riddle is kicking off a 7 part, creative real estate training series over on his blog.

It’s FREE, and if you haven’t figured it out by now- he always puts out awesome, quality content, AND, no sleazy sales pitches! I HIGHLY recommend you head on over and check it out..

P(to the fifth power).S.
In case you’ve been in a cave for the last two weeks, and haven’t seen this video with Tony Robbins, Frank Kern, and John Reese…you have to check it out. I’ve watched it four times already. No sales pitches, just good, quality information, and very inspiring.

Hi Guys/Gals,

Sorry for the lack of posting…. I’ve kinda got a full plate at the moment.

Murphy and I are working on 2 deals together, so I spent most of the weekend trying to get those sold.  Both of the deals are REOs that we’ve been after for the last few months, and the banks finally decided to cave.    Sometimes, if we are going after the same properties, we will double-team the bank, and then when one of us gets the offer accepted, we’ll just partner on the deal 50/50.

Such is the case with these 2 deals.

I think I have a buyer for one of them, and he thinks one of his buyers is going to take the other.

I’m leaving for the Windy City bright and early tomorrow, so it would be nice to get both of them wrapped up before I leave.

I’m still waiting to hear back on a few of the offers I made last week.  Most of them either got rejected or went to highest and best.  I usually just drop out when it goes to highest and best, as I don’t like getting into bidding wars and I am never the high bidder anyway, so what’s the point?

Maybe I will start bribing the listing agents like everyone else does….You’d be surprised at some of the shenanigans that go on with these properties.

I think I’ll write a book about it someday.  I’ll call it “The MLS Mafia.”  Or something along those lines. I’m sure it would be a bestseller.

Hehe.

Speaking of bestsellers, I’ve also been busy working on my ebook, which I’m shoooting to have finished by the last week of this month.   The 25th is the tentative date that it should be ready to go.  Mark your calendars.

Oh-  in case you guys hadn’t noticed- my transactional funding site (Fund This Wholesaler.net) is up and running!  If you need short term funding for your REO and short sale deals, you can go here to get it.  You can also get a free proof of funds letter to submit with your offers.    If you have questions about how it works, check out the FAQ section for more info.

Well, that’s it for now.  Jim is giving me dirty looks as I haven’t taken him out for his morning run yet, so I gotta go..

Have a great day!

P.S.
In case you guys didn’t see my post on Facebook, I’m pleased to announce that I am now a weekly contributor on Josh Dorkin’s Bigger Pockets Blog. You can check out my very first post here.

P.P.S.
To add me as a contact on Facebook, go here.

P.P.P.S
I’m trying to catch up on emails and private messages, so if you sent me one recently, I’m not ignoring you on purpose, I’m just behind. If you have a general real estate question, please feel free to post it on the blog, as I tend to answer questions here a lot faster than via email.

P.P.P.S.
If anybody has any information about that new SIMS product, please send it my way. I was searching around ALL WEEKEND trying to get details about it.