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Author Topic: He Luvs Direct Mail  (Read 37285 times)

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #210 on: December 23, 2019, 12:55:35 pm »
I was getting a bit worried, the finder Sam had not replied to my email asking him to sign the partnership agreement and to send photos. Finally this morning the signed contract arrives with a dozen photos. I've already sent the property out to my 2 fav buyers and got an ad started on Craig's List. Price on CL is 149,500 and I sent it to my 2 buyers for 140.
Looks like since the photos were taken and posted on Zillow the deck has been removed and a funky step was put up.
I think the deck was probably rotted and burned in the wood stove.
I also learned that my finder Sam was not a bird dog I recruited but had actually contacted me from this REI site.
I've done a few other joint venture deals from readers contacting me from this site.
Anyways, the interior of the mobile home does not look bad at all, I was expecting the worse condition imaginable because of the description on Zillow stating it was inhabited by a hoarder and was a teardown. But it looks like a stable structure and looks quite live-able, especially for an old okie like me.
Scientists have discovered an unimaginable amount of microbial life deep below our planets surface with an estimated combined weight much more than all the biological and plant life on the surface, what the heck are they eating? They don't need photosynthesis to survive? Does this suggest that life is abundant throughout the Universe?
Also, drilled core sample show there have been 7 mini ice ages in the last 100,000 years, what's that, about every 15 or 16,000 years? Does that suggest some orbiting body enters our solar system regularly to cause this phenomenon?
Will Rando and Sam sell this mountain retreat fixer and make some desperately needed profits?

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #211 on: December 24, 2019, 01:01:18 am »
I sent this property out to a bunch of my contacts. I waited all day and no calls, no emails, no txts, no nothin.
I like it when I can sell these fixers in 2 hrs, but not today.
Finally at almost 9 PM while I was chowing on a few chocolate chip cookies and a cup of eggnog,  my wild and crazy wholesaling buddy Alan calls. He wants to know if I've got any offers, I say no, I just got the property this morning, Then he wants to know if I can do better on the price, I ask him if he can do 130. He says what kink of condition is it in, I tell him its in surprisingly good condition and he shud go look at it. Then shortly later he txts me and wants to know about the well. I tell him it is community water.
Then he txts for me to send the assignment of contract for 130. I txt back that I wud do it, but I better check with my partner Sam. Now I'm waiting to hear back from Sam.
Will Rando and Sam in desperation grab the first offer that comes in and take the fast 10 grand each and run?
Or will they try to get a meatier bone and risk it all?

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #212 on: December 24, 2019, 12:12:49 pm »
My wholesaling buddy Alan and the Investor Dean, he's the one that said he had hungry hippo buyers, want this mountain property at 130K. They must have a hungry buyer lined up.
My partner Sam is probably not as desperate as me, he has a full time job, he has agreed to sell for the fast wham bam price of 130K
Alan is asking for the assignment of contract, Sam just sent me the signed purchase contract, and I'm putting it all together. Will this deal really go down? Will Rando be able to keep the internet and lights on?

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #213 on: December 26, 2019, 11:31:25 am »
I sent the purchase contract and the assignment to our buyers Alan and Dean this morning.
Now Alan is asking to do a walk thru and inspection today and now Sam tells me our seller James has left town for a few days visiting relatives for Xmas.
Sam tells me the place is locked up so tight that even the mice can't get in.
Will Rando and Sam be able to keep this deal on track?
Will there be a joyous outcome or will Rando and Sam be crying in their beer and singing the blues?

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #214 on: December 26, 2019, 02:49:52 pm »
I got the seller James and our buyer Alan coordinated to meet tomorrow at 10 am for the inspection walk thru.
Alan seems ready to jump on this.
Everything can still go so wrong here and yet everything can go so right.
There is only one thing to do now, nothing.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #215 on: December 28, 2019, 04:52:37 pm »
Yesterday was wild. Sam started emailing mid morning and asking if Alan was going to be there, then Alan was emailing and txting to make sure the 1 PM appointment was happening. Earlier Alan had sent me the signed Assignment of Contract for 20 Grand, and he's starting Escrow Monday, yea baby.
Then by early afternoon Sam was asking if Alan made it to the property, and then he txts back that he talked to seller and they indeed had all met & did their walkthrough stuff.
It's always scary and risky to put a buyer and seller together b4 closing even though we have signed contracts with seller and buyer.
But now it gets more wild.
Sam had been txting me for awhile mid afternoon, but my buddy David an I were out in the man cave (the garage) smoking one, then Sam calls , and I answer, he seems a bit frazzled and he tells me the seller is asking him some, OMG in ur face questions like, are you wholesaling this? are you the one that's buying it?
Oh crap, In my stoned stuper, I tell him, well hell Sam, let's go with the truth, we got him on contract. 
I then said, tell him that Alan has a cash buyer and that shud shut him up.
Then Sam wants to know the name of Title company, I told him Baringer, and then he comes back with he cant find it online, Alan tells me its in LA and I shuda spelled it with 2 rs. I'm thinking, sounds squirrely, but wer good as long as their not based out of Nigeria.
Then things get more wild.
Alan txts me that he wants another inspection tomorrow. Oh man, it seems he has another prospective buyer. Now is it ethical to not tell our seller that not only are we wholesaling your house, but it's going thru 3,,,  count em wholesalers. First there is Sam, then me and Alan. It's not a record cuz I once did a deal w 5 wholesalers in the mix.
Anyways, then seller wants us to wait till morning to give us a time to meet. Sam is txting wanting to know if Alan has a lock box we can use, Alan says he has one shud he bring it? then Sam comes back with, seller wants to hold off on the lockbox cuz he's worried bout liability issues. My phone was overheating from all the txts.
Sam is now asking if Alans buyer is a sure thing. I laughed and told him, nothings for sure in this business. But if Alan and his buyer are doing a 1 hour drive to this property, it sounds pretty friking serious to me. He said ok.
This is the only excitement I've had for awhile.
 Will Rando and Sam and Alan pull this off b4 seller goes ballistic?

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #216 on: December 30, 2019, 01:18:19 pm »
My finder and partner Sam is driving me up the wall. Countless txts. He txts that Alan didnt make it to the appointment with seller and it was other people there and we had agreed that Alan wud be there. I replied  back, Alan already seen it, he don't have to be there. Then he's txting asking if I can contact Alan and see what's happening. I replied back, I know exactly what Alan is doing, he's trying to find us a buyer.
Then he txts back and says, I partnered with you and you said Alan was a buyer and wat if he don't find one. I reply again. Let's give him 2 weeks and then we go to seller for a price reduction and if he won't, then we tell him ,, good luck.
Then he wants to know again if escrow was started. Then he sends me a photo of an ad that Alan is selling his house.
I explained over the phone that I sent this out to every investor I know and I put an ad in Craig's list and nobody wants it except Alan and Dean. I told him to chill.
Sam says he's done a bunch of RE deals virtually but I was thinking, he's a high strung newbie and I'm avoiding the phone. He did say he had an offer for 113 he might take, That's only 1500 each if he remembers he signed a partnership agreement.
It looks like this deal is out the window, it was fun and games till Sam started badgering me. He seems to blame me for this deal not going down fast enuf for his liking. I'm gonna have to lay this fact on him. The price is to high pilgrim, for a mobile, get your whiny ass over to seller and get a reduction in price, if not,  I can go back to hibernating.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #217 on: January 04, 2020, 02:05:16 pm »
It's difficult to go back into hibernation cuz its 64 degrees with sun shining and blue skies here in Central Cal.
I only got a few txts from my partner Sam asking if we cud lower price to 120K. I told him yea.
So I lowered the price on Craig's List this morning to $129,500 Or Best offer. The winter months of Dec Jan and Feb are always slower than a cop leaving the donut shop. But with weather like this, maybe somebody will be motivated to do some real estate.
I'll be at the river with my drone and my 1 yr old German Shepard puppy Rambo. He's all black with brown legs big and scary lookin and playful at 70 pounds and out of control. With the remote shock collar I only have to hit the warning beep and he stops fast, no more jumping on people and terrorizing the little dog. I got him a nice dog house with a warming mat for these cold nights, but my back yard is destroyed, what the hell was I thinking?


Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #218 on: January 05, 2020, 04:40:58 pm »
My buddy Jim came over today and we smoked a big one an was watching some of our go pro river and lake kayaking videos. He was impressed, the video quality and colors etc of these little GoPro's 5 cameras is awesome. But the video is jerky and not always smooth. But now I'm looking at the new GOPRO 8 with hyper smooth stabilization and more of this and more of that, it's what I'm drooling over now.
Anyways Jim asked if I knew of any house for sale cuz his friends are moving here from Oraville. I told him  this Coarsegold mobile fixer is all. Then I went on an on and told him how bad ass it is and told him if he gets his friends to buy it, we pay a 2k finders fee.
In our stoned stuper I asked what he wud do with 2 grand. Oh crap, new exhaust for his vintage pickup he's restoring and new tires and I forgot what else. The 2 grand was already spent.
then later he calls and says his friends want it. And soon they began txting me wanting a Tuesday after noon view.
I'll just get that new GOPRO8 and hope for the best.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #219 on: January 06, 2020, 05:02:45 pm »
My new GoPro 8 with Hyper Smoothing Image stabilization with Turbo Boost (Come to daddy) arrives this Thursday.
My buddy Jim called wanting to know if his friends Jack and Kaye called me about the mountain mobile. I tell him, heck yea, we been txting, I sent photos, they really interested and are driving down this Tuesday for a looksie.
Then Jim wants to know if I'm going to meet them there, I said no, I'll have the seller meet them and open it up and give them the grand tour. Then we go on about this and that, Jim knows how to talk and after 20 minutes I tell him, oh man,  my corn bread is cookin and I gotta go.
Now if we can pull this deal together we all make a good chunk of change, seller gets what he wanted, Jim and I and Sam cash out and the buyers are overjoyed with their purchase.
Jim says the buyer is his buddy from High School so the guy has to be as old as the hills.
How crazy is it to hookup with an old buddy U found on Face Book, and he brings you a buyer on a house that was just sittin there w nobody wanting it within a hundred miles and going out the window fast??
I'm too excited to hibernate.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #220 on: January 09, 2020, 01:22:47 pm »
Our buyers arrived from Oroville finally, something about a delay and this valley fog, and now it's raining. They txted me they are in town and want to see property. I txt them back that I will try to set it up and to stayed tuned.
Of course by now our seller is going ballistic, he tells my partner Sam that he wants to know the name of escrow company that Alan has it open with and he dont feel like showing the property no more.
Haha, except they don't got no stinkin buyer and most probably never started escrow.
I'm thinking,, Mr seller, your property is overpriced and the grubby wholesalers want to make a few buks.

I tell Sam,,,
Tell seller that, Alan and Dean cudnt get their sh-t together, we got a private couple ready to buy this mo fo and they came from out of town to do just that.

Let the chips fall.




Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #221 on: January 10, 2020, 02:20:29 pm »
It's like a wild west shootout.
My buyers from Oroville went to see the property yesterday with my buddy Jim while my partner Sam was trying to get seller to meet them, to no avail.
Finally my friend Jim calls an says they viewed the property and the mobile is beyond repair and I shud check these properties out b4 I try to sell them, he also tells me it's in a mountain community with frikin HOA monthly fees.
Then later Sam Txts me that seller is willing to meet them.
I tell Sam the bad news. Our last and only hope of selling this crap hole is gone. I also tell him to forget this deal and let's find some better ones.
Then this morning I get an offer for 100K and he will buy it unseen. Oh man, here we go again. Sam has called James our seller and actually got the price down to 90K Our new potential buyer is asking for photos and wants to know what Escrow company we are using.
I'm not sure if I shud be excited or annoyed. Sam is txting that I shud send the assignment b4 he changes his mind. I tell Sam, he's asking for photos, keep your shirt on.
I also got an older guy looking at it today who was asking if horses are allowed.
I shud be in Idaho at my cave with my pet moose Nanuk, much less stress.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #222 on: January 11, 2020, 04:32:21 pm »

I'll buy it sight unseen for 100K and close the same day. And if you believe that....
It sounds good on paper but in the real world...  I had a gut feeling about this new prospective buyer. Nobody has ever bragged about how fast they can close b4. But then, I want to believe, I'm desperate.
Then my partner Sam txts me that he thinks this guy is a wholesaler, as if it's a dirty word.
Sam tells me, this bottom feeding wholesaler sent a txt to my associate marketing this property for sale, what a low down thing to do, to test your market and buyers list, B4 you commit. It's exactly what I do.
Then our wild an crazy buyer/wholesaler says, he needs to view property. 
Yea cuz in the real world same day close and buy unseen are just words found in the dictionary.
Then for fun I txt him, are you a wholesaler from the bay area? He txts back that he is a property acquisition manager. I'm laughing now. I txt him back that it sounds like a fancy name for a wholesaler, and I hoped he cud do something with it.
I tell Sam wer screwed.
Were dealing with a grubby lowdown wholesaler that's trying to make money off of people's situations & distressed properties.
He's my kind of guy. But I got that fear, the buyer he brings Tuesday to view property will not purchase this disaster but, will run for the hills and never be heard from again. But then, bay area buyers are used to those astronomical prices along the coast, and possibly have more money than brains.
I better run a new round of Craig's List ads for the new and improved Price Reduction.




Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #223 on: January 12, 2020, 02:24:13 pm »
I joke about having a pet moose named Nanuk. I don't think I wud actually get near these 1200 pound dangerous beasts. However, On You Tube I watched part of a video about a moose farm in Russia. It seems there used to be a bunch of them but even in Russia producing moose meat is not profitable.
But lo an behold, the key is producing, moose milk. It's supposed to be some good healthy stuff. What was really interesting is they feed these meece, (if that's a word?) oatmeal and warm water and tree bark.
Then after the morning logging operation they let the moose's out of their pens to graze and eat the bark off of these fallen trees.
And then before dark they all come back to the pens, a few had to be coaxed back in with some tasty treats.
But what really amazed me is how tame they were, the handlers were hand feeding them and hugging on them and scratching them and picking out moose ticks. They looked like big luvable cows. I didnt see any adult males maybe cuz they are aggressive and dont got no milk.
Anyways, back to reality, I had an older guy call me a few days ago and wanted to look at the mountain mobile and then I never heard back, till this morning. His name is Gary and he's gona buy it for his son that works for the school system and he tells me he has cash. He asks me if I've had any offers, I tell him yea, we got an offer for 100K and I'll make you the same deal.
Now I wud like to pinch him for a few more buks, but when him and his son see this property, oh man.
My buddy Jim went on and on about how dilapidated it was. Our new prospective buyer wants to see it today with his son at 2 PM. Oh lordy, did he say he has cash? I'm salivating here, & then asks if he wants to buy it,  how wud that work.
I tell him you will sign our purchase agreement and we'll start escrow and it will probably take 2 weeks.
I txt my partner Sam 4 times this morning b4 he finally replies and says he will try to get seller to meet him at 2 today. It seems Sam is apprehensive about calling this grouchy seller and getting his butt chewed off, again.
If I had any gonads I wud call the seller myself and tell him, listen you onery old so and so, you got a disaster property that's not fit for a self respecting cockroach that nobody wants and least you can be obliging and help us sell the mo fo. But I'm a wuss, I'll let Sam deal with him.
This new buyer was asking about if a horse was permitted, I'm gonna suggest getting a moose.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #224 on: January 14, 2020, 09:53:05 pm »
This deal imploded.
I had 2 buyers ready, then my partner Sam is nowhere to be found, finally he txts that he wud try to get owner to meet this guy and his son.
Later after no reply from Sam the son calls and I'm embarrassed cuz nobody met them. Then the property acquisition Manager/wholesaler is calling, has buyer. And Sam is not responding..
Then the next day I get a call from James the seller and tells me he decided not to sell, I asked OK wat happened. He tells me he decided to keep it and fix it up himself. I told him OK good luck.
Then I gotta explain the fiasco to my buyers.
Then next day Sam finally replies that yea the seller yada yada and Sam says he was gona keep an eye out to see who buys it and it, and it was too daisy chained. And he learned a valuable lesson.
My reply to Sam....
Wat valuable lessen did you learn? The thing is, with a mountain property you eliminate 90% of buyers, and a fixer mobile home you lost another 9%. then I just found out a few days ago it has HOA fees. It was just a bad deal, and add on a difficult seller and the price too high it was a disaster from the get go. Not because it was daisy chained,  I've done deals with 5 wholesalers b4.
My moose must be hungry



 




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