Sweet.

Today's a good day. We got the signed contract from the bank so we're solid now. Now its time to pray for God's favor and market like crazy :-). We have about 15 folks on our buyers list now so we will get busy calling tomorrow. Of course I had a number of questions and this 60 days of free mentoring from Tim Winders is great because we're getting 24 hour or less responses back to all the questions we have. It's incredibly helpful to have someone to bounce ideas off of.

Here's what the property looks like (you can't see the carport that has all the graffiti on it and the windows are all jacked up now and need new glass). We'll have to take some more pics of it tomorrow so when we market it on the web we can have pics of the interior.


Oh, the bank did insist that we use their title company to close. No biggie. I spoke to the attorney at the office today and told her what we're looking to do and she said they can get it done. I'm taking the $1K earnest deposit over to their office tomorrow.

Another cool thing is that the listing agent told me about another REO her brother in law has in one of our target zipcodes. He hasn't even listed it yet because they just got the tenant ("the crazy tenant" as she called her) out of the house. She told me I can drive by it and make an offer through her as soon as I'd like, even before they list it. We'll go take a peek at it tomorrow and if it looks like a winner we'll make another one of our lowball offers...their list price won't mean much to us anyway!

More soon.