Flip This Wholesaler

I went to look at the REO property first thing this morning (got lost on the way, of course). To my utter shock and disbelief, it was actually not that bad inside. Paint and carpet, appliances, a few broken windows are all that need to be fixed (unless I am missing something major, which is possible). I called my wholesaler friend who has been helping me out, and he told me he just got a property under contract up the street. He said to try and get it in the 80's. My original offer was $81,500. The bank's counter was $103k. So, I countered back at 86k. Now I get to wait for a response. Like I mentioned in my previous post, I am at a little bit of an advantage because I have built somewhat of a rapport w the listing agent, and also, the property has been listed over 6 months.

I got 3 other counter offers today that are worthy of going to take a look at the properties. I also made 7 more offers.

Tomorrow I will be driving out to the 3 properties I got counters on to check things out. If I have time left over, I will try to get some more offers in.