Flip This Wholesaler

Just got back from putting out signs again. It's 2:18am. I put out 35 tonight, so I have about 65 out total (minus some that have been taken down). I got one call today from a security guy telling me I can't put them up in that subdivision. I told him no problem and apologized. He actually called me back a couple minutes later and told me that he would hold the signs for me if I wanted to pick them up. I thought that was pretty nice.

Over the weekend I talked to a guy who is selling one of his properties and moving out of state. He has 3 empty rentals right now and needs to sell asap. The ARV of the property is around 220-230. He was asking 169k originally. I offered him 155k. He told me he had another buyer @ 165k, so I told him to keep me in mind if the buyer didn't work out. He ended up calling me today telling me the buyer is jerking him around. He asked if I could go higher than 155k, and I said 159k was the best I could do. He was supposed to talk to his wife and call me back, but he never did. He sent me an email later on saying he was with a client and would call me later, but he didn't. I hope he calls tomorrow because I would like to get this house for my Dad.

I am also talking with another investor who is liquidating his properties and moving out of state. He called me again today to tell me he wants to sell fast and that he will lower his price. The property is really hard to value, because the area that it's in is being revitalized, and comps are all over the place. I know his mortgage balance is pretty low, so I think I'm going to call him first thing in the morning and try to get his bottom line.

The buyer for the nightmare deal sent me an email today saying it is closing this week. I'll believe it when I see it.