Thankfully, today was 100% Caroline free. I told myself that if she called, I would not answer the phone (which is not something I do often) or call her back until I was mentally prepared and in a happy place (aka heavily sedated).
I should have called the title company today to make sure they got in contact with the seller, have all of the information they need, and are moving ahead with the 85k deal. I did not call them, though. This probably sounds ridiculous, but I just wanted to enjoy the day, and be blissfully ignorant to anything that might be going awry over at Accutitle. Just one stress-free day. That's all I was looking for. I will call them first thing in the morning to make sure eveything is on track. I don't even know why I'm so stressed out about it- I guess Caroline's paranoia has worn off on me, and now I am afraid the seller is going to back out for some reason.
I put an ad on Craigslist yesterday for one of the properties I am marketing for an investor I know. I got a great response from this ad, and have several buyers who are really interested. One of the buyers was on vacation in PA and flew back tonight so she could look at the property tomorrow. I spoke with her earlier this afternoon while she was at the airport getting ready to depart, when she decided to roll out her "creative offer." Not sure why she didn't mention this before she decided to hop on a plane and head back to FL. Basically, she is willing to pay the asking price of 120k (This includes a 4k fee for myself, btw), but wants to give us 50k "over the table" and 70k "under the table." So, she wants it to go down on the books as the sales price being 50k. Why, you ask? Well, to be honest with you, I have no idea. Taxes maybe? Laundering money? I should be getting a call from her bright and early, though, so I will find out soon enough. This lady spoke with the seller earlier in the day and didn't mention anything to him about any of this, so we are both kind of scratching our heads.
I hopped back on the REO train today. Made 3 offers. Will be making more tomorrow......
10/11/2007
Thursday, October 11, 2007
10/11/2007
Posted by Steph at 10:38:00 PM
Labels: flip reo, flip reos, flipping, flipping houses, flipping reos, 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, Wholesaling REOs
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3 comments:
I am going to take a guess. I bet the offer has something to do with the courts and quite possibly a divorce. Let me know if I got it.
J
Hey Jason,
We never got around to discussing her deal structuring idea, so I guess it will remain a mystery......
DAMNIT!!!
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