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Joint Ventures Listed Properties Makin' Offers Networking Random Ramblings Wholesaling

Awwww alpacas are cute!

alpacas

Ok so this post really has nothing to do about alpacas other than Kathy and I drove past some for sale today and I said “awww alpacas are cute. Let’s get one.” I didn’t really mean it tho lol I swear.

Anyway, I didn’t get much accomplished today but hopefully I’ll make that up now that I have a phat new HP 6500 all-in one wireless printer.

hp 6500 all-in one wireless

Well, this morning I met with another wholesaler. Big shout out to Bruce for buying me some breakfast, well actually it was my lunch since I already had my breakfast (my 4 organic carrots and 2 organic apples juiced. Yummy. Plus a banana, not juiced tho lol)

Anyway, Bruce and I are going to do some joint marketing deals when we get some wholesale properties under contract. Bruce…if you’re reading this….give yourself a shout out lol

I also have a scheduled appointment with a real estate attorney next Wednesday morning to talk about doing my settlements from now on. Since I’ve moved into this area (Oxford…aka boonyville) I don’t really have an connections here as far as title companies and such go. I think I’ll give Bruce’s company a shout too but in the meantime I’m going to meet Ira Binder on Wed. The broker of the new office I signed up with referred Ira.

Of course, I could use my old title company/attorney but the reality is he’s too far away. And we were always trying to struggle to find a settlement place closer to where the deals were. He was great, very creative and did the deals the way I needed them to be done, but I just need someone closer.

Now on to my 8 offers that I made the other night. Here’s the breakdown:
1) The agent submitted it (she was the one that used me as the agent cuz she was embarrassed by the offer 🙂
2) An agent told me that I needed to submit an offer on an agreement of sale and that she wouldn’t take a LOI.
3) An agent told me that there were 2 other offers on the property higher than my offer and 1 was significantly higher. He asked for my highest and best. I wasn’t going any higher.
4) An agent just told me that they have an accepted short sale offer at 65k so if I didn’t submit an offer for that he couldn’t help me. I think I’m going to email him back and be nice and ask him to SUBMIT my offer anyway 🙂 But now that I think about it, I think there’s a lot of bullshit going on with short sales that you to hold it for 90 days or some shit, etc. I may just nix that one unless someone posts on here giving me a reason not to.
5) Another agent told me that I really needed to put my offer on an agreement of sale, otherwise he couldn’t present it. He also told me there was another offer higher than mine (as if I care lol Btw, I’m sure most agent tell the truth when they say that, but overall I don’t believe them.)

The other 3 offers I’ve heard nothing about. I will email the wife of one of the agent’s tho. I know them personally…as a matter of fact I brought them into Keller Williams. They are in my Keller Williams downline and I get paid profit sharing each and every month from KW because of them and others I brought in (yes, even tho I’m not an agent there anymore.) Anyway, 99.99999% of their deals are reo’s so I’ll email the wife and see what’s up. I’ll also tell them to put me on their mailing list for future listings they get.

As for the other 1…guess I’ll call the agent and see what’s up. So far so good tho, I haven’t had one agent yell at me or tell me off about my low offers 🙂 That’s always a positive thing.

Ok so now I’m going to print out an Pennsylvania agreement of sale and scan it into my computer. Kathy showed me how I can make the text editable….so I’ll see if I can swing that, so I can just have it on my computer and easily change prices, address and such. I’m trying to make this process as seamless as possible. I seem to remember Steve Cook having his agreement set up a certain way and he would just send it to his agent, etc. Hmmmm…anyone remember what he did?

Oh and just so you know why I’m trying to make this as easy as possible…the PA agreement of sale is 18 friggin pages long. It’s soooo annoying and boring. Ughhhh.

Okey dokey pokey’s, I’m out like trout.

Flippin’ Carey

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Categories
Joint Ventures Makin' Offers Passive Income Random Ramblings Wholesaling

It’s an awesome day!

It’s just beautiful outside and I’m psyched up to get some real estate deals going. No deal yet, but I’ve had some technical difficulties. Since Kathy got laid off she had to send back the printer/scanner/fax that we used for everything so I couldn’t scan in my proof of funds for offers (I got 2 from a high school friend totaling $100k and I got 1 from my uncle totaling $176k.) Soooo kinda hard to make offers without proof of funds.

Anyway, my neighbor hooked me up last nite (and he had technical difficulties too lol but ended up just scanning it for me and putting it on a zip drive for me to take home.) Kathy and I moved one of our worst performing ATM’S (in the month of October the store was probably open for maybe a week?? IF that.) So we moved it to a 24/7 diner and we’re excited about that. We have one other ATM that we need to place somewhere right now.

What else what else? Oh I think Kathy is going to be getting another J-O-B…..since she got laid off she’s had recruiters and other pharmaceutical companies calling her like crazy and even offering her more money. So we talked about it and I told her if she wants to do it and feels more comfortable doing the J-O-B thing with a guaranteed income instead of doing our plan for both being self-employed then I’m all for it, I just ask that she sticks to her budget so she gets out of debt quicker (like we BOTH planned) and therefore can invest in more ATM’s and real estate (we want to buy multi’s together as kind of our retirement and of course as to increase our passive income.) She agreed to stick to the budget.

Oh and believe me when I say how we talked and we agreed or what have you, when we’re talking about a budget and planning money the conversation does not go so smoothly. Kathy is a spender, that’s how she’s lived for a longggg time, that’s how she knows and that’s how I’m sure she’d like to keep doing, but after some tiffs she’s seeing the “light” so to speak but sometimes I have to give her a lil nudge (like yesterday afternoon she wanted to stop somewhere and get something to eat. I reminded her that eating out is not in our budget anymore and we argued for a hot minute, didn’t speak and came home and had lunch and then made an amazing dinner.) I’m sure the only thing about me that she wishes was like her ex-husband has to do with money………all they did was spend, spend, spend…without a care in the world. I’m quite sure tho that she’ll thank me at some point in the future 🙂

I emailed a wholesaler to make sure she was cool with paying each other if we marketed each others deals and sold it, etc. And she was….we just have to still work on the split end of things….she was like “it depends.” I’m more of a “let’s quit the bullshit and say it’s a 50/50 split or whatever.” Know what I mean?

I also emailed another investor/realtor/wholesaler that I know and proposed the 50/50 split for selling each others deals and he said “yes, I’m interested in that arrangement.” He even sent me a form that he uses for his joint venture deals.

I got more bandit signs in finally. Ordered 200- 100 horizontal fluting and 100 vertical fluting with of course 100 H-wire stakes. I’m gonna start putting these bad boys out today. These are the smaller sized ones, so I’ll see how they go. I think they will stay up longer on the poles being this size.

Okey dokey pokeys I’m off to look at houses (for sale,) houses that sold (for cash,) and then back home to make some offers. I’m feeling really good about everything. Oh yeah….I even sold a Rainbow Wednesday nite so will probably make an easy $500 to $700 off of that (remember that’s what I been doing for the past year when I took a hiatus from real estate.)

I’m going to be posting soon a few couple goals/lists that I think are extremely helpful and I’m going to share mine with everyone here in hopes that you do your own at home (you don’t need to post them here, you can keep them private.) But I think they are beneficial.

Flippin’ Carey

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