What are REAL DEALS by the MOB?  Real deals are actual real estate transactions being conducted by Tracy Caywood.  You can visit the posts to get updates as they progress. They won’t all have a happy ending, but you can see for the first time what REALLY happens in the business.  This is real shit right here.

Date of Initial Contact by the Seller:  April 13, 2012

Where This Lead Came From: “Tracy Buys Houses” Bandit Sign

What was the Seller’s Situation: The property was rented to a family member, and they are planning on moving out. He lives out of town, and cant manage the property (and don’t want to) long distance.

Initial Offer: April 13, 2012 When I went to see the property initially on April 13, 2012, the tenants were still living in the house. I had a long conversation with the tenant. He was super cool.  He said they were moving because the family was growing and the house wasn’t big enough any more.  The house is rent ready, and doesn’t need any work for a rental. I offered the seller $15,000 Cash for the house and asked him to reply by April 15, 2012.

Counter Offer from Seller: April 18, 2012  The seller countered my offer at $27,000 and said he wouldn’t sell it for less than that.  He said he was going to give it 2-3 more weeks and see if he could sell it for more. So we left it at that.

Contact Made By The Seller: January 29, 2013 The seller sent me an email that read:

“Hi Tracy – I have not sold the house and want to do business with you but April is probably the best window to discuss this matter. I have your contact info and will definitely be in touch. Thanks for your interest.”

So I let him brew.

Contact Made by the Seller:  March 18, 2013 – He said that he was ready to sell for $25k (which means he came down $2k) I went to see the house for a second time. I contacted him and said that I would have to stay firm at my maximum offer of $22,500.00.

Seller Accepted My Offer (I thought) March 28, 2013  The seller emailed me and said he would accept my offer and asked me to send him the contract. So my VA prepared the contract via HelloSign and sent the request to him for signatures. He never signed it.

Seller Goes into Email Autoresponder : June 28, 2013- I added the seller to my email autoresponder series that sends him an email every 30 days for 6 months. Its very simple. It asks him if he sold the house yet, and lets him know that I’m still interested. At this point, I gave up hope on this guy. He’s been stringing me along for months now, but I don’t want to mark him as “dead” because he DOES want to sell. I’m just not sure what’s keeping him from doing it.

I didn’t get a response from my first email.  But I did get a response on my second email. I even wrote a blog post about it on the MOB website because I was so excited that my follow up plan was working!! Read the article here. 

Well, it didn’t end well after that article was written. The seller never signed my damn contract!!  He got me all excited for nothing. What a tease this seller is.

FORGET HIM.  This guy can’t make his mind up (that’s what I was thinking).

The Beauty of Automation : So even though I think this guy is VERY indecisive, I didn’t remove him from the autoresponder campaign. He continues to get emails from me.

GUESS WHO’s BACK?   August 26, 2013.  I received a text message from the seller asking me if I was still interested. (HERE WE GO AGAIN). Here’s some photos of the conversation:

 

Real Estate Real Deal

So guess what I did? I had my VA prepare another contract and send it to him via HelloSign. This is like the 4th time (I’ve lost count).

HE FREAKIN SIGNED IT!!  August 26, 2013 at 8:23 P.M. Pics or it aint real. See Below. I’m meeting him in the morning at 10:00 a.m. to put a lockbox on the house. Woot Woooooot. I’m still a little hesitant about this. He was so reluctant to sign. What made him change his mind? I’m going to ask him tomorrow. I might even ask him for a photo!!

real-estate-wholesaling

There is a moral to the story here. Can you guess what the lesson is so far????