I won't get into the whole messy story, but I found out today that the mortgage guys were completely bull-shitting me about the deals I sent them and the buyers they supposedly found. I ended up calling one of the homeowners to see what was going on, and he told me they (the mortgage guys) quit returning his phone calls and emails about a week ago, so he ended up listing with a realtor. Nice. What a bunch of assholes. I sent off a nasty-gram basically telling them to go f themselves (I refrained from dropping the f-bomb, although I really wanted to). I don't expect to hear back from them, nor do I care to.
I have had quite a bit of interest in the 85k house today. The word is out on the street that it's available, and I think I will get a contract on it by the end of the week. I've had a couple verbal offers for the high 80's, so I know if all else fails, I will still make 5 grand off of it. I really think I can get 95k, though. The seller miraculously called me today to see if I needed him to sign the addendum to extend the contract. I faxed it over to him and actually got it back within the hour. Sweet. Now I have until the 26th to close, so that gives me a good bit of time to find that 95k buyer. I know he/she is out there. I just have to find them. Meanwhile, my bank account is in the negative, but at least I know I have money coming. That's always a bonus. It's interesting how your tolerance to financial stress increases when you have been on the brink of financial disaster for an extended period of time. Last year at this time I would have been balled up in the corner crying if I was in the same position. Now it's kind of like, "been there, done that". Not that it isn't stressful anymore, but I figure if I've somehow made it this far (and I'm not sure how I have), then I will make it no matter what. Is that the lesson that I was supposed to learn during this whole nightmarish year? I sure hope so, cause I don't feel like learning any more life lessons right now. I get it. Please throw me a bone.
I got my first offer on one of the properties I am marketing for the investor I am working for. It is way low, but you never know. At least I am getting some action in response to all of the marketing I have been doing.
I finally got my birth certificate in the mail today. Costa Rica, here I come!!!
10/01/2007
Monday, October 1, 2007
10/01/2007
Posted by Steph at 10:05:00 PM
Labels: flip reo, flip reos, flipping, flipping houses, getting started in real estate, how to flip houses, learn to flip houses, learn to wholesale, real estate, real estate blog, real estate investing, real estate investing blog, reo flipping, reo investing, wholesaling
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