12/15/2008
Well, I had one closing this morning (yay!), and am supposed to have another one sometime this afternoon, but not sure if that's going to happen. This is the one where I'm using my buyer's title company because the buyer doesn't have an ID, and also, the bank is using a title company in Tampa which is a new one for me. I sense impending doom with this deal. I'm just waiting for the phone call any minute now. The attorney from my title company told me this morning to give him a call if I ran into problems, so that's always good.
The other 2 are supposed to close Friday, but I doubt they will. Would be nice, but I just don't see it happening. I'm leaving early next Tuesday to freeze my ass off in St. Louis for five days, so if the other 2 don't get closed by Monday, we'll have to wait until after the holidays, which is going to piss me off, but what can you do?
My buyer from the closing this morning told me he is ready for more. That is a good thing. I've got several other investors looking for more houses, too, so I'll be making offers like a mad woman this week and hopefully will get one more deal in before the end of the year (well, not closed, but at least under contract).
I still have to do a little Christmas shopping, and I can't think of anything I'd rather not do than set foot in a mall the week before Christmas. I don't know if I can do it. Maybe I will have a bottle of wine first and then take a cab to the mall. That should dull the pain a little bit...
Offers to make- gotta run..
Monday, December 15, 2008
One Down, Three To Go..
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4 comments:
Congrats on getting 1 knocked out, Steph! Did the second one get done yesterday?
By the way...why do you think that there are so many investors who don't make offers on REOs on the MLS directly? Is it because they are just too busy?
Hi Shae,
No, it didn't close yesterday. It's now scheduled for tomorrow.
A lot of the guys I sell to are also making offers on mls properties themselves, but most of them are not quick enough. There is a lot of competition for the good stuff, and I think some of them find it easier to just have a wholesaler do the leg work for them.
Steph
Ok, that makes sense...if you're getting really good deals from the wholesaler, its probably worth it to have it done by someone else rather than have to deal with the agents and banks and waiting (and waiting and waiting).
Exactly.
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