Flip This Wholesaler

Thursday I went and met one of the REO realtors I have been trying to establish a relationship with at one of his listed properties. It went very well. I try to ask as many questions as possible without being annoying. He told me that he was trying hard to get one of my offers accepted, but the bank wouldn't go that low. Thank God, because this was one of my first offers, and it was way too high. He also gave me a heads-up on an REO that is about to come on the market in my farm area. Not bad for only meeting with him twice. I can see how valuable these relationships will be in the future. For now, I just want to continue to establish credibility with him, and let him know I will do what I say I'm going to do when I say I'm going to do it. From talking to him for just a short period of time, it became obvious that he deals with a lot of shady investors on a regular basis.

I got another counter yesterday on an REO that has been on the market for about a year. They came down another 12 grand. I need to go out tomorrow and check the property out. It is getting close to being a decent deal.

I spent the day today going through old posts on the Flippinghomes.com forum made by people who are successful at what I am aiming to do. There is so much valuable information there it isn't even funny. I think I have read every single post made by Steve Cook at least twice. It's like getting a wholesaling course for free.

This next week I need to meet with at least one local hard money lender and get to know their lending guidelines, terms, etc.