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Friday, March 2, 2007

3/2/2007

I'm just getting back from putting a few signs out. I know I said this before, but once this batch runs out, I'm done with them. It's just not worth it. Also, there are about a million signs on every street corner, and it looks awful.

I only got 3 leads today. They were a little more promising than yesterday, but not much. Here are the numbers: (1) Appraised @ $160k, Asking $140k. (2) ARV $250 (6 month old appraisal), Asking $229k. This one I might refer to the mortgage guy if I decide to do business with him. I think I can get the seller down to $220k. I haven't checked comps yet. He's getting a new appraisal today, and is going to let me know what the result is. The house has been rehabbed from top to bottom, is in a good neighborhood, and is a 3/2, so it could work out well for a landlord. (3)- My favorite.... ARV $139k (per the seller), asking $145k. I didn't bother to ask what her reasoning was behind this price, because I'm sick of wasting my time.

My realtor called today to tell me there is another showing tomorrow @ 1:30. So, that makes 3 showings tomorrow. I also have a friend who is going to be "looking" at my place tomorrow @ 11 when the 2 couples get here. She may want to buy it, too. Not really, but she is a good actress.

If I get an offer on this place tomorrow, I am going to be the happiest person on the planet.

I've decided that I'm going to ask a friend for a loan if I don't get a contract on my house in the next couple of days. I know he will be glad to help me out, and I know he knows I will pay it back as soon as I get the money from the sale. I'm tired of worrying about it, and it is starting to become very stressful for me. Nothing's worse than having to borrow money, but it is a decision I had to make. I never thought I would go this long without getting a deal, especially with how hard I have been working. I know in my heart that I will start getting deals consistently very soon. Actually, I know that I am going to be making a ton of money soon, but I just have to make it through this rough time. As stressful as these last two months have been, I am glad that it has worked out this way. I now have a pretty good marketing system in place that I didn't before, and that is a direct result of the position I am in. When I look back at the way things have worked out since I first started this blog, I see that even though it has been a rough road, things are still falling into place. I am glad it has been hard, because once I get to where I want to be, I will appreciate it even more. I'm not just saying that- I truly feel that way. These last two days have been particularly difficult for some reason. I guess because I sort of feel like a failure because I am going to have to ask for help. It is not the way I had things envisioned, but that's how it is, and I can't do anything about it.

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