Flip it Big REI Community - JaredfromIndiana

Another day another lead...

Posted 05-30-2008 at 09:49 AM by JaredfromIndiana

Well, the house that the other investor is trying to sell me probably isn't going to work. We found out that his mortgage is assumable, but only for owner occupant. He advised me to do it anyway, move in for a week and then I would be an owner occupant and could then lease option the house. Um, no. Not only is the unethical in my book but could probably put my ass in a ringer.

Once I told him no he kept pushing. He told me I need to learn to bend the rules and "make things...

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3 more possibilities

Posted 05-28-2008 at 08:46 AM by JaredfromIndiana

Got a call from another investor who is trying to retire but has one house left. ARV $85,000, he owes $65,000, is $3,000 behind on payments and was going to let it go back to the bank because he is tired of dealing with it and doesn't care anymore, but then he saw one of my signs and called.

He has an assumable mortgage on it so that is the way we would go. We are actually meeting him in 15 minutes and I am going to let him know that we will do the deal but only if he brings his...

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More calls comin in!

Posted 05-19-2008 at 03:37 PM by JaredfromIndiana
Updated 05-19-2008 at 03:39 PM by JaredfromIndiana

Well the junker wholesale deal has gone away. We told her we couldn't touch her asking price of $7,000. She said she would think about our offer of $3,000 and we haven't heard back from her and don't expect to. That's okay because that house was a huge POS anyway.

Haven't heard from our guy on the 85 ARV house either. I'll give him a call this week and see how things are going with his buyer.

We got our second box of bandit signs last week and I have them...

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Been a While!!!

Posted 05-12-2008 at 12:26 PM by JaredfromIndiana

I haven't post to my blog in a while so I thought I would let you know where things are for us. We finally sold the Fairoak house a few weeks ago, big piece of **** I tell ya. It's good to have it gone and have our money back after that whole fiasco.

Our second house is closing tomorrow. I have never in my life dealt with a bigger idiot realtor and buyer than on this house. I could tell you all about it but I don't have the desire to relive it. Let's just say that this buyer...

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Time for the newspaper too!

Posted 03-27-2008 at 06:33 AM by JaredfromIndiana

Well... the phones sure aren't ringing off the hook right now!! We decided to put an ad in the newspaper under Houses Wanted

Need 2 Sell?
Need2sell.net OR
call Amanda at
704-BUYS!

We'll see if that drums up a little more traffic. Time to order more bandit signs too. I have also decided to start wholesaling REO properties as well. I'll let you know how that venture goes.

I think it's just awesome where things are right now......

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