Flip This Wholesaler

1/23/2009

So, I didn't get any offers accepted this week.

That's just the way it goes sometimes, though.

It always happens this way- I'll get a few offers accepted all at once, and then NOTHING for a few weeks. Then I'll start panicking and thinking that all of the deals I've done thus far were a fluke and that this stuff doesn't really work.... and then I'll get another one accepted, and my faith is restored.

I still haven't sold the house I got for 16k, although I now have 3 offers on the table- two for 18k, and one for 22k. The one for 22k is using hard money, and hasn't been able to cough up a 2k deposit, so I'm pretty sure that is not going to work out. The 2 who offered 18k are both cash buyers, but I'm still holding out for more. I'm going to put some more signs out this weekend and see what happens. I'm pretty sure I can get 21k or 22k if I am patient. I still have a few weeks left, so I am willing to wait. Not too long, but I will wait until the end of next week, and then I will go with a lower offer if I have to.

There is an auction coming to Tampa in February, and my sans-ID buyer offered to "give me his checkbook" to bid on properties at this auction. We haven't ironed out the details yet, but he is essentially offering up his cash (500k), to purchase properties for himself (he can't bid on them personally because he does not have an ID), and also to bid on properties for us to wholesale. I was planning on going to this auction anyway, as I have a few friends who have done very well with this company in the last few months, but I only have the resources to bid on one, or maybe 2 properties.... If I have 500k to play with, well, that changes things completely. Like I said, we are still ironing out the details, but it is looking pretty good at this point (I will explain more of the details later). Even if the auction doesn't work out, it's always nice to know that you have someone with 500k liquid cash (although I think he has much more than that), who trusts you with their checkbook- ya know?

And, finally- look what I found in the mailbox yesterday..



Wooohooo!

Countdown to Costa Rica..... T-minus 30 days!