Finally. Money in the Bank...

I knew that it would eventually come together. I just never expected this deal to be the one to crack the shell & let me out.

If you checked my last post about Postlets, you likely clicked on my ad for E. Indian River Rd. I heard about that deal from a friend of mine that is a mortgage broker. The timeline is amazingly short and truly what I originally expected wholesale real estate to be like.

1. Tuesday May 27, got call from my buddy the mortgage guy about a deal that he wanted me to wholesale for him. 2. Went out to property. Took pic's of the outside. Returned to my office (ie. Guest room) and comped the property. It looked like a decent deal, but without interior photos I knew I'd have no chance to get it sold.
2. Wednesday, May 28, Returned to property, talked to seller, got interior photos, banged head on low hanging light in living room and thought to self, "That hurt! I'd better get paid for this one!" Returned to office (Guest room) and put together Postlet, craigslist ad, flyer for REIA and flyer for buyers' list. Emailed everyone. Slept.
3. Thursday, May 29, got calls/emails from interested buyers. Craigslist brought 3, REIA brought 1. Sent them all out to the property.
4. Friday, May 30, sent more buyers to property. Repeat visits from REIA guy and a Craigslist guy.
5. Sunday, June 1, REIA guy wants to make offer. Sent him to my mortgage buddy.
   
6. Monday, June 2..... crickets...
   
7. Tuesday, June 3... still quiet... (by the end of the day I just knew that the deal was dead.)
8. Wednesday, June 4 - the deal is on, closing tomorrow! (at this point I had no idea what I was making, just that I would get paid out at closing.)
9. Thursday, June 5 THE DEAL ACTUALLY CLOSED! Get check tomorrow!
10. Friday, June 6 - Picked up first real estate check!! I went to kinko's & color copied the thing and then immediately went to the bank to deposit in my account.

WOOO HOOO!!!!!

It took 11 days to go from lead to check. Stunning since I have been working on:

• Galt St since February (signed contract on April 7th! and still haven't closed!!),
  
• Jeanne St since October 07, (signed contract on April 12, supposed to close any day now,)
• Norlina Rd since Sept 07, (signed contract with seller March 27th, sold it May 5th, fell out of escrow June 1st, now a dead deal...)

I had come to expect months of waiting for title to clear, buyers to qualify for financing, delays with signatures and working around holidays & mortgage officers' days off...

I guess I'm a real wholesaler now. Quick, easy money right?

Fun, but not easy. Keep rockin! More deals supposed to close this week...

-Taylor