Flip This Wholesaler

Well, I'm officially a full time wholesaler! Kind of scary, but I know if I made it through the last couple of months, I will be OK. I picked up a 10k check from the title company yesterday, gave 5k to the investor I worked the deal with, and kept 5k for myself. The closing for the Nightmare Deal which was supposed to be today has been rescheduled for next week (big surprise). I did talk to the buyer today who said everything is still OK, the mortgage broker has just not been on the ball with this deal. I will be amazed if this actually closes.

I have been taking care of some other stuff for the last couple of days, so I really haven't been able to look for deals a whole bunch. I have a few things to do tomorrow morning, then I'm going to start looking for deals again. It is going to be such a huge benefit to have those extra days free to look for deals. My goal is to get two deals under contract by the end of the month, with a minimum of 5k from each. Then I have to start looking for a house for my Dad to work on when he comes down. I really am not looking forward to doing a rehab at all, and I do not want to lose my focus on wholesaling, so I'm going to see if he just wants to do the deal himself (I will find it for him). I really can't afford to take a month or so off to work on a rehab when I have just started getting the ball rolling doing wholesale deals. My problem in the past (one of them), was not sticking to one investment strategy. I do not want to make the same mistake again.

Now that I have a little bit of money in the bank (not much, but more than a few weeks ago), I am going to start making more offers on mls properties. I haven't really been able to do this much lately because I didn't have any money to use for a deposit. I am going to focus mostly on calling sellers directly, and mls offers. I like these two methods best because they are the quickest and also the cheapest (free).

Tomorrow I am going to get a bunch of listings sent to me with the word "motivated" in the remarks section. I am also going to try to call 20 sellers that I think may be motivated. I also have some leads that I need to follow up on.

I've decided now that my weekends are free, I'm going to start going to open houses on Saturdays and Sundays to meet with different realtors, get to know neighborhoods better, and pass out my biz cards. I want as many people as possible to know that I am looking for deals.