Justin B. McClelland

I’ve been slipping up on my blogging lately.  A once a week frequency, isn’t really blogging.  But I’m still out here in these streets making things happen.  I’ve got two closings that are of utmost priority at this point.  I’ll have tons of stuff to write about once those happen.  I mean I have some things to write about that you could learn from…even from a rookie like me.  So with that said, doing all of this blogging with no deals to talk about is getting old.  I know this is supposed to document my journey and all, but it feels like I’ve been writing for the last year about a cake that hasn’t finished baking.  I mean…I already told you the recipe I used, I don’t know what else to tell you besides it’s still in the oven.

Accountability Week:
I didn’t accomplish any of my weekly advertising tasks.  I have put a lower priority on those for now.  Priority #1, get to closing.  However, I did organize my home office last weekend.  That may not sound like alot, but trust me…it was.  I had receipts all over my desk, contracts all over the floor, envelopes, etc.  One thing about me though is that I’m very organized, even when I have an “organized mess”.  I just enjoy the organization without the mess much better.  Now I have my papers filed in the correct folders, my receipts in the correct boxes, I even performed a backup of my laptop to my external hard-drive (much overdue and takes forever).  By the way, I need to get with the program and start backing-up online.  What services do you guys use out there?  I just realized that if something happened to my laptop ‘and’ my external hard-drive….I’d be S-O-L.

I haven’t hit yall with a video update in a minute.  I take my flip camera almost everywhere I go and have beaucoup footage.  I’m usually just too lazy to go through the motions with Windows Movie Maker and YouTube.  But, I was feeling extra today.  So here’s a lil snippet of what I’ve been up to.

Marketing, Wholesale Accountability, courthouse, Hard disk drive, Windows Movie Maker, YouTube

So I will maxin and relaxin yesterday and cooking up some heart-attack food (fried chicken and french fries) before the super-bowl and I get a call from the owners of the “wholesale deal from hell” (that’s its’ new name).  I said I wasn’t going to blog about it anymore but…..I lied.  The sellers called to arrange a meeting so that perhaps something could be worked out.  Just as a refresher, this deal is the one where I negotiated a short-sale as their 10K property was upside-down by 60K dollars.  After the short-sale was negotiated, the liens were reduced to the sum of 9K, which took all of the sellers’ proceeds.  I spoke with other local investors about this and one resolution is to write-up a bill-of-sale for the personal property inside the of the house in the amount of what’s negotiated between the seller and buyer.  So for instance, a bill of sale could be written for 9K for the personal property in the house, as that was the original agreed sale price of the house.

Apparently, this is a common practice in this unique situation.  However, it sounds fraudulent as hell to me.  I mean, if not, then why wouldn’t ALL short-sale investors do this to compensate pre-foreclosure sellers.  Maybe they do…do they?  My buyer that the contract was assigned to is willing to shell-out another 7K, if I shell-out 2K.  It’s not a problem for me, but I’m going to run this by my lawyer first.

Welp, off to the 9-5

Real Estate, Wholesale hell, Lien, Short Sale, Wholesale

So it’s late Saturday night.  And I’m contemplating hitting the streets to “advertise”, because late at night is the best time to do it.  But the bad part is that it just snowed today and I know my white advertisements do so well against a white background when stuck in a frozen ground (I’m being kinda subliminal for a reason that I can’t explain here), I need to order yellow ones.  So anyway, I think I may do something else with my time tonight.

The booty-butt cheeks deal is likely to fall through.  And I don’t even give a sh!t anymore.  I just spoke with the sellers today and they said.  We feel like we should get 9K regardless of the amount of liens on the property.  Uhm….okay lady…that’s not how it works.  Especially since, they’re not going to get sh!t for that house any way that they look at it.  But oh well, I don’t even feel like going into detail anymore about it.  I’m passed being pissed-off about it.  I’m not even going to blog about it anymore (maybe).  But I don’t think I’m going to let this go.  After all of the work, that I put into this thing…aw HELL NAW!  They haven’t seen the end of Justin…AKA “J. Stacks”…AKA “I work harder than hard-working”…AKA “Mr. Who put this Sh!t together? Me! That’s WHO!”

I’ve got other deals in the pipeline so, it’s all to the goodie.  I’m not superstitious…but I think I’m about to stop blogging about deals before they close.  Big-ass waste of time.  I’ll either wait until after they close or don’t close to give details.  I think that’s the route I’ll take from now on.

On another note, “nonchalant Justin” is slowly dieing from the self-inflicted stab wounds of being “too nice”.  And Type-A Justin is slowly emerging.  I remember being a kid and listening to my Dad on business-calls with the last words being “f*** you” before he hung-up on them.  And I also remember as a kid, running to my Mom and whining about how some kid on the playground didn’t like me.  And she said then what she says now, “Boy, everyone CAN’T be your friend”.  So with that said, things ’bout to change ’round these here parts (don’t think I’ll ever take it to the “edge” like my Dad did though).  I can only be Type-A Justin while I have to though…I do realize “Type-A”-ness and the side-effects can kill.

I’ve got BIG plans, that only I can vision and the naysayers are coming out of the woodwork, like I care what they have to say.  I know what I’m capable of, so I don’t need you to tell me what I “can’t do”.  This must be how Kanye West felt before anyone would sign him.  He didn’t fit the mold of a typical “rapper” and many wouldn’t give him the time of day.  As Kanye stated, he played the song “Jesus Walks” for a label and they didn’t sign him!  This “Jesus Walks” music video is one of the best videos of all time.  I’ve gotta remind myself sometimes that Jesus has got my back.

Marketing, Real Estate, Wholesale Jesus, naysayers, Wholesale

I’ve got good news and that is the latest wholesale deal is coming together like butt cheeks.  I received the completed appraisal today from my appraiser via email, I then forwarded it on to the head guy at the DHFS. I waited about 3 hours and I gave him a call.  I didn’t expect it, but he was ready to wheel and deal right-then.  He saw the CMA that I had submitted to him in my short-sale package came in at about 9K and the appraisal came in at 11K, he offered to split the difference at 10K.  I countered and asked if he could knock 1K off and take 9K, he agreed to only if I ate the cost of the appraisal (which initially he offered to cover).  We had a deal.

So long story-short.  I now have the 65K DHFS lien, with other Champaign city liens, reduced to the sum of 9K!  The pros are that it looks like this deal will close after all and all of this learning will come with an added bonus in the form of a check.  The cons are that I’ll have to eat the tax lien, appraisal fee, title work fee, and seller lawyer fees.  So instead of the planned 6K, it looks like I’ll net around 5K.  That’s better than zero.

All I need now is to get the seller to an attorney so that an “Affidavit of heirship” and a “Personal Undertaking” can be composed.  These documents are needed in addition to copies of the owners on title death certificates, to close.  Since the owners of the property passed away without wills, probate can be avoided since their are only 3 members of the family left and they are all in agreeance with selling the property.

So, I’m not going to consider it a done-deal until I have my check…but this one’s pretty much in the bag.  So, I’ll part with this video for your viewing enjoyment.  I think I’ll feel like Bill Cosby in this video when I get my check, but I won’t make it rain on ‘em yet…5K ain’t enough, that’s just a drizzle.

P.S.
If you are not laughing at the video above, you have absolutely no sense of humor!  I can’t stop laughing at it, just focus on Cosby, not the booty.  Let the booty stay in your peripheral view and enjoy.

Liens, Real Estate, Wholesale CMA, Death certificate, Tax lien