Flip This Wholesaler

I went this morning to look at the 2 properties I got counters on. The first (the REO) was a whole lot worse than what I expected on the inside. Good thing I offered low. Also, good thing I have someone to help me out w the repair estimate, because when it comes to places like this one, I really don't know what the hell I'm doing.

The second property will work if I can get it for 55k. The realtor told me yesterday that they will not go below 60k, but you never know. The other investor who backed out of the contract is still trying to get it, so I guess I will have to wait and see what happens. I think he is offering more, but his track record with her isn't very good thus far.

I only got one offer in today, but have a bunch that I want to offer on tomorrow. Most of them are properties that have fallen out of contract in the last couple of days.

I am setting up a lunch tomorrow with an attorney/investor/real estate broker who I have spoken with on the phone several times in the last few months about various deals. She called today to tell me about a couple high end deals she is doing short sales on. The properties seemed like a perfect fit for the mortgage guy's investors, so I sent him over the info. He has two buyers that are very interested, which is good, but there are still a lot of details to work out. If she can supply me with these types of deals at the numbers she is talking about, and the mortgage guy's investors are really serious about buying (which he assured me of), I could stand to make a tidy profit from the whole scenario. Like I said, there are still a whole lot of details to work out (like, how am I going to get paid?), but the potential is there. A 30k assignment on a 700k deal would not be too bad at this point. Especially if I can repeat the process.

I almost passed out while I was running earlier. Seriously. When someone gets on the treadmill next to me, I play this game with them called, "I can stay on longer than you." They don't know we are playing, but, we are. Anyway, this guy gave me a real run for my money tonight- no pun intended. I still won, though. :)