Hello and welcome to another installment on my newsletter blog. This week is going to show you the tips to find a good agent. I was a agent a long time ago when I first started, so I know how they are trained. Most agents will waste your time and energy, so you might have to go through a few til you find a good one. Most older agents don't believe that you can't wholesale houses with no money "Get out of my office". So don't get frustrated when they say, just move on to the next one til you find the right one. I have came to the conclusion that a good agent is one that is new to the game. This is even more important when you are trying to start a successful short sale business. I bought short sale riches program and it was a great wealth of knowlege, so check it out! because to do short sales right, you have to have a full pipeline of deals. So a agent who is new can be very helpful, because they will do what needs to be done. Short sale can be trying so be ready to get your butt kicked, but keep moving forward. So in my long career of real estate I have went through alot of dead beat agents. Let me give you one example that happen a few years back. I had a agent who had been in business for many years. When we first started working together everything went very well and we flipped around six houses. so everyone was happy. But then I put around 6 offers a week in through this agent. She gave me a call one day and said I had got a offer accepted on a 4 bedroom in Forest Park at a very good price. I was so excited because I have alot of good cash buyers for that area. So all I had to do was make 2 calls and my buyers ran out and  looked at the property. Within one hour I had one of my cash buyers called me and said I will pay the $45k you are asking. So I went over to his office and got the deal under contract, he said he could close in 3 days once the title search came back. I left his office and was feeling great, i was going to make a quick cool $8k in 3 days. But here is where the story goes bad and shows you to find a good agent. I was on cloud 9 feeling great then I was checking my voicemail and there was a message from my agent. She said your offer was accepted as she had thought. The sellers had signed the contract which made her think the offer was accepted, but at the bottom of the contract there is a box that if checked it means your offer was rejected. That blew my mind thinking she didn't even take the time to read over the whole contract before contacting me. Let's just say i was a little upset, because i had to call my buyer back and explain how my agent was a dumb a_ _. It made me look as dumb as my agent was, so the moral of the story is find a agent who follows through and looks over a whole contract before telling you it was accepted. SEE YA ON THE FLIP SIDE!!

Here we are in another week of a wholesaler, this week has had many trying moments. I found out two new things about short sales I didnt know. 1) The deal I talked about last week with the lady that called me after a year. After calling the customer service line for US Bank they informed me that the only way they will do a short sale is if the owner agrees to pay the difference of what they owe on thier real estate and what the short sale price is. Now this was not the short sale department, so I will keep you posted on that one. This will be my first short sale with US Bank because on all the other ones we have closed on they do not seek judgements on the owners of their real estate. These banks can be very hard to work with, so if you are trying to do short sales be ready for alot of curve balls. If we do short sales my main goal is to get the owners out of the debt forever and no judgements. But you must realize that you can't save evryone with their real estate, just do the best you can and be honest with yourself and the home owner. Lesson 2 is that you have worked on a short sale for many months got approval and you have a buyer lined up. The short sale is through Bank of America and then you get your approval letter and in the small print it says you can do a double close. It says that you must hold the house for 30 days before you can sell it, that sucks I say. Because my transactional lender I use will not wait for 30 days for their money. There goes $14k down the drain, but after talking with some friends of mine down at my local REIA group I found out a trick of the trade. When I first started working with seller I had him sign a deed, bingo there it is. My friend down at REIA said he had one with Bank of America and he had a deed that was dated from a year ago, now pay attention closely. As long as you have a deed that is signed and notarized that house has transfered even though it has not been recorded. When the deed is recorded it makes the transaction public knowlege. So back to my story with deed in hand that was signed and notarized from last March, I can do the short sale. Make sure to get with attorney that fully understands short sales and has closed many of them. Because if I would have noit talked with my friend at REIA, I would have lost out on $14k. So we closed that deal on Wednesday and I walked out with a check for $13,898, this was my short sale from hell. I have been working on this short sale for over 14 months and have had 5 offers rejected, one accepted then my buyer lost his job. So this deal has been a roller coaster ,but as I always say never give up on a deal. Just when you think the deal is dead you find a way to make it work. So this week will go down as a great one, having a closing is always a great thing. I have just ordered my next shipment of bandit signs, I can't wait til they get here. I love putting out signs because I know that deals are coming. Bandit signs are very important to my investing career, so get yours ordered today and you phone will not stop ringing. See ya on the flip side!!!!