Flip This Wholesaler

4/14/09

Well, I found another upside to the dwindling supply of REOs on the market: the bank's crappy title companies are actually getting deals closed ON TIME (Gasp)!

I feel like I'm in the Twilight Zone or something...... one of the deals that I'm working on has a closing date of 5/1, and the bank is actually ready to close NOW! I kind of want to ignore them until April 30th, just to give them a taste of their own medicine.

Right now I have 3 deals locked up (2 are JV deals with friends of mine), and am working on 2 others (also JV deals). I'm seriously considering giving the middle finger to the mls, and strictly doing joint venture deals with a few of my buddies. The profit margins are usually smaller on my JV deals, but on the flip side of the coin (no pun intended)- there is no risk involved, no 6,000 page addenda to deal with, no earnest money to cough up, no title companies to babysit, etc. All I have to do is make a few phone calls and then sit and wait for my check. Easy, Peasey, Japanesey.

That's about all I've got for now.

Over and Out.

P.S.
Someone found my blog today by googling "gruesome murder photos".

P.P.S.
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