Flip This Wholesaler

Had lunch w a wholesaler yesterday who is having some luck w REOs. He's several steps ahead of me, and it is very encouraging to see that the work pays off very well if you stick w/ it. He echoed what everyone else has told me about going the REO route- it's all about building relationships, being PERSISTENT, and doing what you say you are going to do. He is also doing quite well in the short sale arena.

I've put in several offers in the last few days, received a few counters, but nothing really good.

I am on a lot of other wholesaler's buyers lists, and have been tracking the deals that come my way that are from the mls. A whole lot of them are ending up right back on the mls. Lots of people backing out of contracts from what I can see. I don't want to be one of those people.

I found 3 new sources for hard money over the last week. Tomorrow I have a tele-conference with the director of marketing from one of the bigger national HMLs. He has buyers in other parts of the country who are looking for Florida properties. I think we might be able to work something out. $$$$$$$$$.

I double checked w my title co. to make sure they will do a double close using my buyer's funds to fund my transaction with the bank. No problem. Once that sale is completed, my title company will wire the funds to the bank's title co. to fund my transaction w the bank.

I have a whole slew (did I spell that right?) of offers to make tomorrow