Flip This Wholesaler

I am exhausted. Lots of ups and downs today. At 10am I went to look at the house I found on the mls. It was in good condition, but the back yard was the interstate (the listing didn't give this information). At first I was going to forget about making an offer, but a sentence from one of Steve Cook's articles that I've read 1 million times stuck in my head- something about making an offer on every property that he looks at. Then I started thinking- if I took the time to look up comps, talk to the realtor, get lost on the way here, and actually view the property, I might as well make an offer. So, I did. I warned the realtor ahead of time that I am an investor, I make many offers a week, and that my offers are generally around 70% of market value. I asked him if a letter of intent would be ok to fax over, and he said it would be fine. So I later faxed over my pre-approval letter along with a letter of intent offering 91k. I'm sure they are still at the office laughing at me. On the way home from looking at the property, I stopped at Starbucks (my guilty pleasure) for an overpriced eggnog latte, and from the parking lot, called the seller that I spoke to last night. He said he would take $113k for his house that is worth $165 (I checked comps last night). I said I would be right over. I stopped home first to print up a contract, then headed over. We ended up agreeing on a price of 112k, but he had to run it by his wife first . I thought I would never hear from him again. He ended up calling back, we renegotiated a price of 113k and I'm going to sign tomorrow @ 8am. Hopefully.

I got 2 calls from postcards today. The first was a seller who bought a condo last year (another speculator), hoping to "flip" it for some fast cash. She owes 130k, and was willing to sell for what she owes. It's now worth maybe 150k. The other call was from an out of state owner who has a vacant townhome in need of repair. We talked about a possible subject-to scenario (her pmts are only $740 per month). She's supposed to call back.

I decided a few days ago that I'm going for broke, and I'm not going to get another part-time job. I promised myself a long time ago that I would never get another job bartending, and I'm sticking to it. I think one of the reasons I haven't been more successful in my investing is that I've always had something to fall back on. I know that I can do whatever I set my mind to. So, I'm going for it. I still have a part-time job, so I'm not being totally reckless, I just know it is time to make a change.