Flip This Wholesaler

1/27/2008

I've been having some technical difficulties (shocking) with my blog lately. Not sure what the problem is, but I hope it doesn't persist. Not sure if it's my computer, or Blogger, or just my horrible luck with all things electronic....

So, the REO that was supposed to close Friday SHOULD be closing tomorrow. That is, if the bank's stupid, worthless, title company can get their shit together. I'm not holding my breath. Here's the last email we received from them Friday at 4:14 pm (this came after trying to get in touch with them on the phone all day to no avail)....

Lee- (Lee is my buyer)

I added the proration for taxes- gives you a credit of $144

The only other thing I need to run by you . . . you remember yesterday I was waiting on completed lien search, which I do have back. . . the only issue is that the city placed a code violation against the property for “trash, debris, and vegetation overgrowth on the property”. Good news is that as of now it stands as a warning and no liens/fines have been assessed. I called the city earlier and according to the code enforcement dept. the city will complete a final inspection of February 11th- if at that time the violations have not been brought up to code then the city will attach a fine to the outstanding violations. . . its fairly standard and the violations are probably due to the fact that the property has been vacant. Just so you have it, here are a few contact #’s-

City of Tampa- Code Enforcement- 813.274.5545

Ryan Shepard is the city inspector who will be completing the final inspection on the 11th- his direct line is 813.426.6026 (I called him earlier and left a message)

I’m forwarding everything to Kristina now- should be okay for closing later on tonight. . . Let me or Kristina know if you have any questions. . . Thanks!!
..................................................................................................................

And that's the last we heard from Nate.

I tried to call the office shortly after we got this email to find out what time the closer (they are using a mobile closer because their office is a few hours away) was coming, and also to give him the address of where we wanted to close (my buyer's house). No answer.

So now, we are out of contract, and have to get an addendum signed by the bank and to the title company, and since both parties take FOREVER to get shit done, I'm guessing we are looking at another 2 days or so. If we were using my title company, this would have been closed at the beginning of last week.

Stupid banks.

Still haven't heard back from the other REO, which I'm guessing means that someone else bid higher. I'm sure I'll see it in my inbox in the next day or so from another wholesaler.

I just got done faxing out 4 offers, and should have 5 more to make tomorrow. Still time to get in one more before the month is over......

12/07/2007

Nothing too exciting going on. I've been doing a ton of marketing for buyers. Those handwritten signs really get the phone ringing. Most of the calls are tire kickers and people who are just wasting time (mine and their own), but I always manage to gather at least a few serious buyers from each batch. I also managed to drum up some accidental business for my contractor friend......... One of my signs said "Handyman Special, 3/1 block 1300 sf, $109k!! 813-123-4567." Some guy saw the sign and, naturally, thought it was an advertisement for handyman services. I guess he just honed in on that one word and ignored the rest. Or, maybe he thought the handyman who put the sign there was, just for fun, including a description of the house he lived in and what he paid for it, just in case any of his potential customers might want to know. That makes sense. Either way, I passed the lead on to my friend, and he got a job out of it. What's funny (aside from the obvious), is that not even a week ago, I was talking to this same friend about advertising his business via bandit signs. His response was basically, "That will never work."

Have you guys started thinking about your New Year's resolutions and goals for the new year? I have, and I'm going to OWN 2008, dammit.

Come hell or high water.

P.S.
My email is effed up (shocking, I know), so if anyone has sent me an email that I haven't responded to, that's why. I'm switching to gmail this weekend.

Today

I spent the day wrestling with my stupid p.o.s. computer, and trying to figure out a way to email pictures without making my entire system shut down. Now, I know HATE is a strong word, but let me tell you, HATE does not even begin to cover (cover is not the word I am looking for here, but I will use it anyway) the feelings that I have towards this sorry-ass piece of garbage computer. I had to get up and leave my office at least 5 times today just so I would not put my fist through the computer screen. I'm not exaggerating, either. This computer has it out for me for some reason. So does my digital camera. And my ipod. Apparently none of my electronic devices learned a thing from the unfortunate fax incident that occured earlier this year.

So, anyway, I've really not had a very good response from the marketing I've been doing for the property I have under contract (which is generally a sign that my deal sucks, although I really do think it is a good deal, and the numbers say so, and I don't understand why no one is interested. WTF?), so I decided to call in the reinforcements to help me out. I called pretty much every wholesaler that I know of (except the shady ones), gave them the information (except the pictures, because for whatever reason, this p.o.s. computer decided it wanted to turn my images into white boxes with red x's in the middle when I tried to email them), and offered them 2k for finding me a buyer. One of the wholesalers I was talking to suggested that I upload my photos to Photobucket to make life easier. OMG !!!! You guys probably will not understand what a gift this website is to me. Seriously. I'm not kidding when I say it takes about 15-20 minutes for me to send someone an email with a picture attached (not 15-20 minutes for them to receive it, but 15-20 minutes for me to put the email together). And now I can just upload photos to Photobucket, and copy the link into my email and send it out to all of my buyers!!

WHY DIDN'T ANYBODY TELL ME ABOUT THIS AMAZING WEBSITE BEFORE TODAY?????

Does it make my life really pathetic-sounding if I say that this is the best thing that's happened to me all year?

Before you answer, check this out.....

Oh, almost forgot- my ad on Rehablist is still pending, which I think is awesome. I totally understand why it should take 5-7 days to review a listing. Totally.