I don't know what's with the early morning seller phone calls. I think I got the first call today around 8am (it's a weekend for Pete's sake). The guy wanted too much for his house. This was another investor who paid too much for a fixer at the top of the market. I would say that at least half of the calls I get are from "investors" who jumped in when the market was going nuts, paid too much, and are now in big trouble.
The second call I got was a seller who had a sinkhole property (again), and was 3 months behind. I sent the info over to the guy who I'm referring my short sale leads to. He was happy to get the lead, and also informed me that one of the leads I sent him a while back looks like it is going to go through. That should translate into a couple grand for me when it closes. I'm glad I hooked up with this guy. I don't see the foreclosures letting up any time in the near future, so I think the amount of money I will make from these short sale leads will be pretty substantial. I kind of feel lazy not learning to do them myself, but for now I'm happy to hand them over to a pro and collect my check for doing nothing.
The mortgage guy I talked with last week about referring him my crappy deals wants to meet with me on Monday. I already sent him one lead, which he wasn't able to buy, but may be doing a refi for the seller, so I will get a referral fee for that if it closes.
My new goal (as of a few hours ago) is to be able to turn every lead I get into a profit in some way, shape, or form. Multiple streams of income.
I had a couple come and look at my townhouse today (they were responding to the Jolly Rancher ad). I haven't heard anything back, but I put a spell on them while they were here, so I'm pretty sure they will be calling any minute with an offer (full price, most likely).
2/24/2007
Saturday, February 24, 2007
2/24/2007
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