4/20/2008
As I mentioned in my prior post, I was getting a little concerned about my buyer for the other REO deal that is supposed to close tomorrow. I called him twice Friday asking him if it was OK to close Tuesday instead (the bank's title co said they needed an extra day to get everything ready). I told myself I would give him until noon Saturday to call me back, and then I would just start blowing his phone up like I have learned to do when people involved in deals with me don't return calls in a timely manner.....it's really quite effective. Anyway, I went out to my new Starbucks yesterday morning and forgot my phone at home. When I got back, there was an email from him sent at 11:57, saying that he was fine with closing Tuesday. So, that's good news.
2 closings in less than a week- never thought I'd see the day...
Third deal I have under contract is supposed to close a week from tomorrow. There's 4 wholesalers involved in this deal (long story), so I'm only making $1250 on it. Although it isn't the biggest payday in the world, I'll still take it all day long and be happy with it. The little ones add up, ya know?
I'm pretty excited about my new $50 video camera. They should hijack Geico's slogan "So easy a caveman could do it." Seriously- I am the biggest moron when it comes to technical stuff, and I was able to figure out how to upload videos in less than 20 minutes. This thing will be great for getting videos of properties to send to my buyers. I think I may bring it to the closing on Tuesday, so you guys can witness my 2nd simultaneous close, and also meet my new buyer.
10-4, over and out...
My Buyer Is Not Dead, After All...
Sunday, April 20, 2008
My Buyer Is Not Dead, After All...
Posted by
Steph
at
8:57:00 PM
Labels: flip reo, flip reos, flipping houses, flipping reos, getting started in real estate, how to flip houses, learn to flip houses, learn to wholesale, real estate investing, reo flipping, reo investing, simultaneous close, simultaneous closing, wholesaling houses, Wholesaling REOs
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5 comments:
Looked at getting the Flip Cam this weekend as an easy video option. Thinking of setting up another YouTube account to show the process and basics of the job of rehabbing.
Nothing like video of a simultaneous close to get the heart pumping! You're joking I hope. Nothing more boring than a closing. Unless of course the closing officer performs a striptease and does some fancy stuff with her/his notary embosser?
Seems like all the closing officers/agents are female. Why is that, I wonder?
I don't know, Jason. Most agents are famale, too. And most mortgage brokers and wholesalers are male. Hmmmm..
Never had thought about any of that. I guess I brought it up, but I hadn't thought about any of it till now. Very peculiar.
Hey! I think the double close cam is a great idea. Just to prove to the doubting THOMAS's (see - they;re boys) that is actually works!
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