Flip This Wholesaler

8/13/2008

Well, the pink house deal is FINALLY closed! Geeze Louise, I never thought that thing would make it to the closing table....

I've got a few offers out right now, and plan to make a bunch more tomorrow. I'm going to just keep stacking up the deals for next month. Normally, since I've already got 2 lined up, I would put myself on cruise control right about now, but like I mentioned in my last post, I'm going to break that habit once and for all, and take things to the next level....

I noticed with the last batch of offers I made, that jacking the earnest money deposit up to 5k (as opposed to 1k), really seems to get the bank's attention. Couple that with a contingency free offer, and 7 day close (even though there's no chance in hell that they can get it done in a week), and you stand a pretty good chance of getting yourself a deal. I wouldn't recommend doing that, though, unless you have an end buyer in mind, or know that it's such a fantastic deal that there's no way you won't be able to sell it. Otherwise, you could seriously screw yourself, and nobody wants to do that.

Over and Out...