Flip This Wholesaler

8/21/2008

So, I've decided to try a new tactic to get the bank's title companies to get my deals closed on time: BRIBERY.

I'm going to try it out on both of the deals I have going right now and see what happens. Once the file gets assigned to a processor, when I call to introduce myself, I'm going to tell them I pay $200 if the deal gets closed on time. I think that should be incentive enough to get my deals pushed to the front of the line- don't you think?

I'll let you know how it goes over.....

Roger Dodger, 10-4, Over and Out.

P.S.
Let's keep this strategy on the DL. Wink wink.

8/4/2008

Since it looks like the pink house deal is just not going to close-EVER, and because my buyer is coming back from the Bahamas Thursday thinking that we are going to close on Friday, I decided to take matters into my own hands, and made 5 offers on other properties in the same neighborhood. I offered 5k earnest money on all of them, and to close by the end of the week. If I get any of these at the prices I offered, they will all be better deals then the pink house (It was a good deal a month and a half ago, but now, not so much), and I know my buyer will be pleased. In case you're wondering what will happen if they all get accepted, I can pretty much guarantee that isn't going to happen as these offers are LOW, LOW, LOW. If it does happen, well, I'm sure I'll figure something out. No risk, no reward.

The other deal I just got under contract has had a lot of interest, but no contract yet. I've got no worries whatsoever about selling this thing, and I have until Sept. 9th to find a buyer, which is an ETERNITY. I'm holding out for a big payday on this one since I have the extra time.

I spent all day yesterday looking at houses and looking for new buyers. I found 2 more cash buyers (landlords), by calling "for rent" signs. I'm telling you- this is a FANTASTIC way to find new buyers. Every time you go to look at a house, if you just take a few extra minutes to drive around the neighborhood and call some signs, you will have a whole bunch of new buyers before you know it. Trust me- it works.

I'm off to bed.

Over and out.

7/2/2008

I can't sleep. So, I figured I'd write.

Let's see, the computer guy came out bright and early and I was back online by 9am. Apparently the person who lives in the condo next to me was supposed to have their service disconnected, but the guy accidentally disconnected mine instead. So, that's good news. I was expecting something much worse..

I went and looked at 5 houses today, and discovered new and exciting parts of the hood that I never knew existed. If my camera wasn't broken, I could have taken some great pics today to post on here- like the Texas Chain Saw Massacre House (it was more of a shack than a house, though, from what I could tell), that had so much garbage around it that you honestly could not even see the actual structure. There was garbage everywhere, along with huge posters of Barack Obama EVERYWHERE. There was also a HUGE banner tied from one tree to another that read: "Revolution or Obama- 3rd Option: Adopt More Slavery." I'm still a little unsure of what exactly that means. I can not even imagine the code violations that this property has against it. One of the properties on my list was right next to this place, and I'm thinking they are gonna have a really, really hard time selling it with a junkyard next door. I didn't even offer it- that's how bad it was....

I'm still impatiently awaiting the new asset manager to sign off on the paperwork for the deal that was supposed to close last month. What a joke. The listing agent said that this particular asset manager usually takes at least 3 days to respond to anything or anyone.... I wonder how long it would take her to respond if I set her house on fire? Hehe.

The deal that I closed on with my friend a few weeks ago is set to close this coming Monday. The buyer's hard money is good to go, so I don't anticipate any problems (famous last words). I have a backup offer if for some reason it does go south, so I'm not too worried about it (again, famous last words).

The third deal I just signed up is supposed to close on the 25th of this month, and the buyer is my favorite buyer who is rock solid, so, unless, the bank screws it up, I don't see any problems with that one either...... Oh, speaking of the bank screwing things up- I was talking to a friend of mine today who has a deal that was supposed to close tomorrow where he was going to make 10k. Instead of getting the closing docs from the title company today, he got a phone call saying they effed up the foreclosure somehow, and now have to start the process all over again. Good times!

Well, it's 2am. I guess I should try to sleep....