Flip This Wholesaler

The inspection for my townhouse was was today @ 9:30 am. There were a few small things that turned up, but nothing major. I'm still waiting to hear back about when the exact closing is. Hopefully it will be the 30th of this month.

I went over to a friend's house today and had her husband (who is a lawyer) break down all of the tax savings that my ex-friend (I will call her Mrs. McGreederson from now on) has received in the last 2.5 years from me paying the PITI on the house. I figure if I agree to split the tax penalty with her, then it is only fair for her to reimburse me for the savings she has received. I am going to call her first thing tomorrow and see how things go. Hopefully we can work it out. If she doesn't want to cooperate, then I am going to burn her house down. Just kidding.

I really haven't had a chance to get much marketing done lately, because I've been busy stressing about this townhouse. I managed to get 44 letters done tonight which will go out tomorrow. I wanted to put signs out, but I am totally exhausted. I think the stress and lack of sleep is starting to catch up to me, and I am not feeling very well. I want to get a good 8hrs in tonight and start the week off right.

I had very few leads come in this weekend. One guy was looking to get into a lease option. He wanted to spend $1200/month, live in a $300-$350k neighborhood, and had no money to put down. He also informed me that his buddy told him about a new law that makes wholesaling properties illegal in Florida. According to him, you now aren't allowed to own a property for less then a year. I guess you go to
the "Flipping Prison" or something. I better start rethinking my investing strategy before they come and get me.

I am going to try and get the rest of my signs out before my Dad gets here on Thursday. I think I have 140 left. I put 80 out last week and got maybe 3 or 4 calls. Not worth my time.

I am going to put a chunk of money into advertising when my place closes. Not sure what I'm going to do, or how much I'm going to spend yet. Depends on what Mrs. McGreederson decides to give me.