Flip This Wholesaler

4/18/2008

Well, one of the REO deals I had going (the one where the listing agent forgot to send the contract to the title co. until 4 days before the closing, and who also told me to get a cashier's check for escrow made out to the wrong company, and then the title company FedExed the check back to the wrong address and someone else signed for it, and it was MIA for 5 days..... you know, that, one.. ) Well, anyway it closed yesterday! Woohoo! My first simultaneous close in the books. I got a call from the listing agent at 4:45 while I was on my way to the closing letting me know that the HUD was effed up. Hahaha. Shocking. It had something to do with the commission, but we got it figured out without having to get the title company to make a new HUD (which would have taken at least 3 weeks). What a pain in the ass this deal was, but at least it's OVER.

Now I'm stressing out over the other deal that is supposed to close Monday. The buyer sent me a text yesterday asking if we were still closing on time, and I sent him back a text telling him I was trying to get it done on time, but didn't know if the title company could do it by Monday. We've already extended the contract once, and I can tell he's kinda getting pissed.... So, the lady from the bank's title co. sent me an email earlier today letting me know that we could close it on Tuesday (the contract expires Monday). I called my buyer to see if that was OK, and I haven't heard back from him yet. It's not like him to not return my call, so, naturally, I'm imagining the worst case scenario- either he's dead, or he had a last minute change of mind, and is just going to bail. If he doesn't call back by tomorrow afternoon, I'm going to go into full-on panic mode. I have been harassing the listing agent and the people at the title co. for the last two weeks to get this thing closed ASAP. I can not even imagine not being able to close this on Monday, if they are ready. I will be exploring options B, C, D, and E if I don't hear back from him by noon tomorrow. Hopefully, I am just over reacting, though. Wouldn't be the first time....

Yesterday, I had the pleasure of meeting Deborah, who drove all the way up here from Venice to discuss working together. She's a newly licensed broker in FL, and I foresee us making a lot of money together....




And then John came over to celebrate the deal I just closed.......



Also, we decided that we are using the proceeds from the commission of this deal (he's my buyer's agent, if I haven't mentioned it before), to book flights to Costa Rica!! I can't freaking wait to go! My friend who moved down there last fall gave me the go ahead to come down anytime.... There's a small chance that once I get there, I won't come back, but I guess I'll ride that wave once I get to it (hehehehe).

P.S.
I bought a video camera for 50 bucks yesterday (I'm a bargain hunter, if you haven't noticed), so I'll soon be adding some video clips to my blog.