12/4/2008
Gosh, lots to write about- and I still have to pack for Phoenix, clean my condo, and figure out how I'm getting to the airport....
Well, lets see.....the deal that was supposed to close Tuesday where they forgot to get the addendum signed......that has turned into the biggest circus that I have ever seen. I'm not kidding you. I really, truly, have never seen a bigger mess before in any of the deals I've done....The contract expires on this deal tomorrow, and the asset management company still does not know what is going on. I will explain it in more detail when I get back, but just trust me when I tell you this has turned into one ginormous fiasco. It's almost kind of funny, except for the fact that my paycheck is once again at the mercy of a bunch of bumbling idiots.
I finally gave up on the property where the asset manager disappeared... the last counter I received from them was Monday, so I just figured it was a dead deal and I had lost it to someone else. Well, I got an email from the listing agent at around 4pm today telling me they accepted my offer!! They didn't even counter back, they just took my offer of 24.5k. This is phenomenal news, as I'm pretty confident I can make 10k on this one. Woohoo! My favorite part of this deal is that the listing agent was too lazy to check the mls history on this house (or actually walk through the house and look at it), so it is listed on the mls as a 2/1 (that's what it says in the tax records, which are often incorrect), when it is really a 3/2. Hahahahaha. Nothing makes me happier than capitalizing on other people's laziness. Really.
I also am probably going to get another one accepted tomorrow. We've been going back and forth on this one for a few days and are now only 4k apart. The listing agent told me he's pretty sure he can push it through, so hopefully I will get a confirmation tomorrow. I already have a buyer for this one if I get it (he's the buyer for the deal that fell through on Wednesday where the bank screwed us over and sold to someone else).
I have more to write about, but it is 1am, and I need to get at least a few hours of sleep- my flight leaves at 6am, and I always like to get there extra early, just in case.
Have a fantastic weekend y'all........I'll be back Monday with tales from the Flip Vip's trip.
P.S.
I hijacked the title to this post from Vanilla Sky. In case you were wondering.
Without The Bitter, Baby, The Sweet Ain't As Sweet..
Friday, December 5, 2008
Without The Bitter, Baby, The Sweet Ain't As Sweet..
Posted by Steph at 12:03:00 AM
Labels: flip reo flipping bank owned properties, flip reos, flipping reos, how to flip houses, how to flip reos, reo flipping, reo investing, REO wholesaling, Steve Cook mentoring
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1 comment:
Hi Steph,
Kind of off topic, but not really. Have you ever heard of Ken Green with KG Realty Group in Tampa? He has been calling me to come and speak to my REIA group here in Maine. I left him a message and would like to talk to him, but I wasn't sure if he was another one of those guys selling condos in Florida. He's pretty persistent. Let me know if you've heard of him. Thanks!
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