So I’ve been working a lot on getting my wholesale deal straightened out lately.? I haven’t been giving a lot of detail about it because I don’t want to speak to soon about a deal that’s not completely wrapped up.? But just to give a little info, I found a buyer for the house, have accepted a deposit, and have completed the assignment agreement.? The only things that worry me is that there are about 5 title issues that the seller will need to clear before we can close.? The buyer is ready to go, he wants to close in two weeks, which will be about three weeks earlier than the contract states.? I’ve been assisting the seller in getting to the bottom of his title issues, on one hand I don’t have the obligation to do so, but on the other hand if this deal doesn’t close I’m back to square one.? Nooooooooobody wants to go back to square one, especially me.

I spent about 3 hours in the county recorder’s office today, just looking at the liens that are tied to the property.? I even found one error that is on the title, which is a good thing.? There is a lien attached to the wholesale property that really belongs to another house.? Someone who wrote the note for a different property, put the correct address and wrong PIN.? The PIN which belongs to the wholesale house.? To be honest, I was proud of myself when I found that.? Sherlock Holmes is my kinfolk.? But anyway, I printed out all of the liens on the property (at the very low price of $1 per page!) and made copies and gave them to the seller.? I explained all of the liens and told him where to call for more information.? My worst fears are that since some of the liens were a surprise to the seller, the ones that aren’t errors will of course come out of his sale price, then at closing when he see’s what I’m making on the deal, he may refuse to close unless I fork over some dough.? This happens sometimes, surprised?? Me too.? I first heard of this two days ago as it came straight from the mouth of my lawyer.? I don’t want no parts of that.? That’s why I have new customized, titanium contract and addendum’s for all of my deals going forward.

Anyway, I’m praying that this deal will close.? Because I have have WHOLE LOTTA marketing to do with the proceeds.? You’ll see!? Then when it closes, I’ll give an in-depth analysis of what I did right, what I did wrong and I’ll do for next time.

- Peace Out

P.S.
I need to be in NYC next year to watch the ball drop in person.? Enough of this watching-it-on-TV stuff.? Happy New Year!

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