Flip This Wholesaler

1:57am. Just getting back from putting out 37 signs.

Today was a long, stressful day.

After 5 months, we finally got an offer on the townhome. My partner didn't even consult with me before making a counter offer (I'm not on title, so that's the way that goes). I am furious. This buyer has perfect credit and is ready to go with her financing. She offered $134k. It's listed at $145,900k.. My partner countered with 141k. Keep in mind that I found this deal, did all the rehab with my own money, paid the assessment, covered the escrow shortage, and am paying the mortgage and taxes. Plus, I've been marketing the heck out of it. I am ready to take everything out of here that I put into it and just leave. I do not even want to look at her or speak to her. It makes me sick to my stomach to think about. I am NOT staying here another 6 months waiting for a buyer. This should have been my decision too.

The other buyer came to look at it around 5pm, and is supposed to be putting in an offer as well. I am still hoping for the best. I just want it to be over with.

I got several leads today. One was a short sale lead that I forwarded to my short sale guy. It will be nice when a few of these pay off.
I got another lead from a mortgage broker who was trying to refi a couple in pre-foreclosure. He wasn't able to help them, and now they only have 2 weeks until they lose their home. It was just appraised at 345k, and their payoff is 225k. The house doesn't need repairs and is in a really nice neighborhood. I need to call them first thing in the morning. This could potentially be a really good deal.

We had our second investment meeting tonight, and it turned out very well again. We had a lot of the same people from the last time, plus some new members. It really is a nice group of people with great energy. Some of us stayed there talking shop until 11pm. I made some great contacts again. One of the guys does door knocking to pre-foreclosures, and I am going to go with him sometime to see what it's like.
The guy that stood me up last week for the meeting, sent me an email apologizing and saying that his Mother-in-law passed away and he was out of work for a week. We are going to schedule another meeting to hammer out some details.

Since I am pretty much desperate right now, I think I am going to pursue properties on the mls shot-gun style. I am having my friend email a bunch of listings to me, and I am going to go through them and make offers on all of the ones that fit my criteria. I will call the listing agents first to give them a heads up, tell them that I will be making a low offer, and asking them if they know of any other deals. I think I can knock out quite a few offers each day this way. This is the only thing that I could think of that would get as many offers out as quickly as possible. I will continue to do my signs and letters after hours, and then make offers during the day.

Something good has got to happen here eventually. I mean seriously, this is RIDICULOUS!!!!! I can not work any harder. I am giving it 100%. I got three deals within a month and I was doing half the marketing I am now.

Excuse me while I go contemplate the irony of it all