As of late last week, I secured a 5/2 property that’s in serious disrepair.? I got it at a steal and hope to wholesale it to a cash buyer.? I would discuss numbers, but the potential buyer could be reading this right now.? You never know who finds what you do online after a good ole’ Google search.? I only have until January 9th before my inspection contingency expires and I have to close on the property.? If I have to close on the property I could continue my efforst to wholesale, or complete the rehab myself.? There is about 30k in rehab profit potential on this house, so the flip seems tempting.? But then again, I’ve never done a flip and am not a flipper.? We can just consider flipping the house myself as plan C.? But with the wholesale option still as plan A, I am going to really ramp-up marketing on this thing and see what I can come up with.

Speaking of buyers-list, my mass mailing has only generated in 5 responses so far.? That’s five responses out of 162 outgoing letters.? I guess it’s still early yet, the quickest a recipient would’ve received my mailing was on Tuesday.

But right now I have a property under contract, and two other possible deals on the table.? One is a lead where a lady wants to sell her late mothers’ house, the other lead is where a lady is being foreclosed-on her house and just received a 30-day notice for sherrif’s sale.? These other two leads seem like they may turn out to be solid deals, we’ll see.? I actually contacted John Michailidis about the short-sale lead.? Since short-sales aren’t my thing, hopefully we can work together on it.? If you haven’t heard of him, check out his site.? He’s been doing video updates on a frequent basis chronicling his short-sale experiences. ? I initially planned to birddog those leads, but I got a gut feeling that I should get my feet wet and learn about this short-sale stuff too.? We shall see.? And this lead came from my yellow-page ad too.? Well, what do you know…people still use the Yellow Pages.? My hunch has been proven true.

Lastly, I got a call from a guy from REIwired.com, this call was in addition to two emails sent yesterday.? Apparently he saw my YouTube videos and thinks that I’d be good to be a guest-speaker on the REIwired site.? I explained to him that I’m merely a poser in this real estate game and that I had a ways to go before I became Carlton Sheets of the game.? The commission break down applies to the sales of your course that you’re peddling.? Basically, you place videos on their site with an affiliate link to your course or mentorship program (I have neither).? They get half of that course profit because you’re hosted on their site.? I told the guy I’d call him back in a few months.? I wonder who else received a call from this guy…

- Justin

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