If at First You Don’t Succeed, Offer 45k Less

Monday, March 15, 2010

So, the investors from up North sent Murphy an email earlier today telling him they would pay 75k for the vacant land that they were going to buy last year. We kinda figured their offer was going to be lower than what they agreed to previously (120K), but didn’t think it would be THAT low. Geeze Louise.  What do they think this is, anyway?  A down real estate market where you can low-ball the crap out of sellers and get great deals?  The nerve of some people.

The investor who owns the land told us to email him a contract once we were ready to make an offer, so we sent one over a little bit ago for 50k cash. My ESP tells me that he is going to come back with a counter of 75k. Just a little hunch I have. I’ll keep you posted.

I’ve also got another JV deal that I’m hoping to get locked up tomorrow morning. The buyer is a new guy who recently found me through one of my signs (have I mentioned how much I heart my signs?), and he is buying up all kinds of properties in Tampa. I imagine we will be doing quite a bit of business together this year. Just another hunch of mine.

I have a few other things I’d like to write about, but I’m seconds away from passing out on my keyboard. I’ve been getting up at 5:30 every morning and running 4 miles on the treadmill, and it is really kicking my ass. Also, the whole Spring Forward thing is really messing me up, too.  Not complaining, though- I’m ecstatic that Spring is finally here after the long, crappy, sunshine-less winter we had this year.

Jim is happy to see the sunshine again, too.  He spent the whole day on the patio soaking it all in…..

020 400x266 If at First You Dont Succeed, Offer 45k Less

Lucky dog. :)

Blur

Saturday, March 13, 2010

Do you guys like how I said I was going to start posting more frequently, and then I didn’t post a thing all week?

I had one of those weeks where I woke up on Monday morning, blinked, and then next thing I knew it was Friday.  And I’m not even really sure what I did all week- it’s all kind of a blur.

The buyer from NY that I was supposed to meet up with on Monday ended up blowing me off, which made me really happy because I just LOVE having my time wasted.  I probably spent an hour on the phone with the guy talking about the market here and the different neighborhoods, blah, blah, blah.  Then lined up some deals for him to look at while he was here.  And then he just up and blew me off.  Awesome.

What else?

Murphy and I are in the middle of a deal that we thought was in the bag last year, but ended up falling apart at the last minute.  I think I mentioned it in a prior post but didn’t go into much detail…..  He has been working with a buyer from up North that is buying up all of the properties in this tiny little section of Tampa, with the intent of knocking the houses down and putting some sort of commercial property in their place.  They’ve already bought 4 or 5 houses in this area, along with some vacant land, and they are paying WAY more than your average investor would be willing to pay.  This is good for us, obviously.

So anyway, I hunted down one of the investors who owns several pieces of vacant land in the area where this group is buying, and sure enough, he was interested in selling.  We had the deal negotiated last year with us purchasing the lots for 89k, and selling to the out of state guys for 120k.  Weeeee!!!  And then the buyers decided at the last minute that they wanted to hold off, although I can’t remember what their reasoning was.  I think it was probably just to piss me off.  It worked.

As luck would have it, the out of state guys called Murphy a few weeks ago and said they were in buying mode again and asked him to bring them anything he could get his hands on in this little neighborhood.  The guy who we originally negotiated the sale of the land with is still interested in selling, and told us to make an offer.  We are just waiting on the buyers to give us a price so we know where to start.  They are supposed to have an answer  by Monday, so we’ll see.  I’ll crap my pants if it actually works out.

So that’s what I’ve got going on.

My quest to become a famous chef is still not going so well.  My latest creation, which I like to call “Olive Oil Overload” (O cubed, for short), quickly made it’s way into the garbage can earlier this afternoon.  I was actually thinking of starting up a cooking blog, but someone stole my domain name: EverythingICookTastesLikeShit.com.   Oh well.

Alrighty then, that’s all I’ve got for today, folks.

Have a great weekend Everybody! :)

P.S.
Fan me up on Facebook! All the cool people are doing it. Hehe.

P.P.S.
Is anyone else taking the Red Pill? I think it is phenomenal so far.

The Roof, The Roof, The Roof is On Fire.

Tuesday, February 16, 2010

Hola Blogosphere!

How’s Everyone’s week going so far?

Things are off to a great start here (minus the weather).  Brrrrrrrrrrrr.

It  looks like I may be putting another deal together with one of my wholesaling compadres.  This particular property hit the market at the end of last week at a ridiculously low price.  I thought about making an offer on it, since one of my new buyers is looking for deals in this neighborhood.  I sold her a similar property towards the end of last year, and she just called me a few days ago asking if I had anything else.

So, anyway, I thought about making an offer on the property until I saw who the listing agent was. I’m sure I’ve probably mentioned this before, but a good majority of the REO agents around these parts are in bed with some of the wholesalers (not literally, that I know of), and this particular agent is in bed with one of my wholesaler buddies, so I didn’t even bother to make an offer on it, because I don’t like wasting my time.

Anywho, my buddy who is in bed with the listing agent knows that I have buyers in the neighborhood where this particular house is located, so he called me yesterday to tell me he’s getting the deal and to ask if I have someone for it. The contract price with the bank is 22k, and I think I can get 30k-ish from my buyer, so we’ll see.  I’ll call her first thing in the morning and have her check it out.

I’ve also got one other buyer who is always looking for properties in this neighborhood, but I hate dealing with him because he is a cheap bastard.  I seriously could call him up tomorrow and tell him I am selling a 4/2 2000 sf home that was built in 2009, needs no work, and is worth 200k, and offer it to him for five dollars, and he would try to get it for $3 with me paying all closing costs. He drives me up the freaking wall.  I have learned to jack my prices up between 8-10k when I bring him a deal because he LOVES to beat me up on price.

So anyway, I’m pretty sure I can get one of those two to take it, even though it is a piece of crap property in the hood.

It’s all good in the hood, ya know?

Ima sell me a house in the hood.  Teehee.

In other, non-real estate related-news…… check out what my Mom got for me:

0052 400x266 The Roof, The Roof, The Roof is On Fire.

PINK POTS AND PANS!!!!

Aren’t they the cutest things you’ve ever seen in your entire life?  This is actually the very first set of pots and pans I’ve ever owned in my 30 some years of life on this planet.  I feel all grown up now. (THANKS MOM! XOXO)

I’d like to say that my first attempt at cooking in them was a great success, but then I would be lying.  This is the recipe I tried, which, thankfully didn’t turn out as bad as the Great Scallop Disaster of 2010, but was nothing to write home about either.  I’d give it 3.5 stars out of 10.  It photographed well, though, which is almost as important….

0071 400x266 The Roof, The Roof, The Roof is On Fire.

Looks just like the picture in the recipe, doesn’t it?  Too bad it tasted like spicy cardboard (I went a little overboard with the crushed red pepper again).

Alrighty then folks, that’s about all I’ve got for now.  Hope you all have a great week!

10-4, Over and out.

P.S.
I had no reason for naming my post what I did, other than the fact that I have had that song stuck in my head ALL DAY, and I was hoping you all would join me in my misery. You’re welcome.

P.P.S.
“We don’t need no water let the mo*#er fu$#*r burn…..”

Saturday Night Reader Mail

Saturday, February 13, 2010

Hola Ladies and Gentlemen!

I hope you all are enjoying your weekend.  I also hope you didn’t forget my Valentine’s Day present for tomorrow…

My gift to you is this Reader Mail video that I just threw together.  And when I say “threw together” what I really mean is that it took me 4.5 hours to make because Windows Movie Maker hates my guts.

Anyway, hope you enjoy it!

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Later Alligators!

P.S.
If you haven’t subscribed to my YouTube channel yet, you can do so by clicking here, then clicking on the yellow “subscribe” button above the video. :)

Eight Ways to Find Buyers for Your Wholesale Deals (Brought to you by Mr. Hustle)

Sunday, February 7, 2010

Hi Everybody!

Hope you are all having a great weekend so far!  

Are you getting ready to cheer on your favorite team in the Super Bowl? (Or as I like to call it- the Stupid Bowl. Hehe).  I’m not a big football fan (at all), but I do like to watch the commercials.

While all of you are eating chicken wings and drinking beer, I’ll be answering phones at my brother Niko’s pizza shop in Clearwater.  This is always a real good time, as you can imagine.  The phone literally rings off the hook for like 3 hours straight, and the majority of the people who call are hammered, don’t have a clue what they want to order, and can’t be heard over the 685 people screaming in the background.  It’s awesome.

So anyway, I told you earlier in the week that I had a guest post coming up from Justin McClelland (I call him Mr. Hustle, btw), which I had meant to post on Friday, but I felt so inspired about giving away the Douchebag Award that it didn’t happen.  So I’m bringing it to you today, on this lovely Stupid Bowl Sunday. :)

If you aren’t already a reader of Justin’s blog, I recommend you add him to your blog roll.  If you look up the word “Hustle” in the dictionary, I’m pretty sure you’ll find a picture of him staring back at you.

Please give a warm welcome to Justin as he talks about 8 different ways to find buyers for your wholesale deals (it’s broken up into 2 videos, as it exceeded the YouTube time limit)…..

YouTube Preview Image YouTube Preview Image

Thanks Justin, for doing the videos for us!

If you guys have any questions or comments about any of these strategies, please feel free to ask away- we’ll both be happy to answer!

Enjoy the Stupid Bowl, Everybody!!

P.S.
If you decide to order pizza during the game, don’t forget to be nice to your order taker. Also, it’s helpful if you figure out what you want to order before you call. Just sayin…

P.P.S.
Don’t forget, The Flip This Book Club will be meeting back here tomorrow at 8pm sharp!

P.P.P.S.
Do any of you tech-y guys out there, have any idea why my Facebook Fan Page badge decided to break? I had to take it down today because this is what it looked like in my sidebar:

 Eight Ways to Find Buyers for Your Wholesale Deals (Brought to you by Mr. Hustle)Then when I went to Facebook to try and get new html to put in the text widget, it looked like this:

fan box error2 400x156 Eight Ways to Find Buyers for Your Wholesale Deals (Brought to you by Mr. Hustle)

Any advice would be appreciated- thanks!!

P.P.P.S
I’m going to be in pizza-order-taking hell for the rest of the day, so if I don’t respond to comments or emails ’til tomorrow, that’s why. :)