Flip This Wholesaler

My day started off with a phone call from the investor that is buying my latest deal, asking for my fax number so he could fax over the assignment. It was nice to get that squared away first thing.

I made some phone calls and sent some emails to sellers. Around 1:30, I got an email from the buyer who I assigned a deal to a few weeks ago (the one that had to re-sign the contract). He said he just got back in town and his mortgage broker hadn't yet received the new contract (we signed last Weds.) The realtor was supposed to fax it over once she got the seller's signature. I called the title company and they said they hadn't received it either. After leaving several messages with the realtor, and getting no response, I figured that the realtor had either (1) forgot to fax the contracts in or (2) went around me and sold the deal to another investor- or was buying it herself. After about 4 hours went by, I was on the verge of a nervous breakdown. I had to go to the investor meeting @ 7pm to try to find a buyer for the latest deal I'm working on (the subject-to deal with the California investor). I really wanted to stay home and cry, but I had to go. I called the realtor 2 more times on the way to the meeting just to see if maybe she would answer. No such luck. While I was sitting at the meeting trying to imagine how fun it was going to be telling the seller that their deal had been yanked out from under them, my phone rang. It was the realtor calling to say she had recently faxed the contract to the mortgage broker and the title co. She said she was sure she had already sent them, maybe the fax got screwed up or something. riiiiiiight. My guess is the contract was sitting in the back of her car until about right after she got my first voicemail. Whatever the case, the title co and mortgage broker SHOULD have the contracts now. I can't imagine what an idiot the people at the title company think I am. I'm almost too embarrased to do business there anymore. My buyers must think I'm a complete moron as well.

On a lighter note, there seemed to be some genuine interest on the deal I presented at the meeting tonight. I am expecting to get a few phone calls about it tomorrow.