I just posted a new video. This one is about the basics of a wholesale deal.
Check it out...
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Monday, February 15, 2010
Wednesday, February 10, 2010
Where was I? Oh, the wheels falling off.
Ok, now it looks like everything is lined up and ready to go. Except it was all a mirage.
To get the ball rolling I called the city of Duquesne to ask about the occupancy inspection...is it needed prior to closing or is it something the new owner would need to have done? After many attempts to get in touch with the inspectors office (apparently one guy who is hardly ever reachable) I contacted the city manager's office. I was told that the inspection would be required prior to closing and that it is the seller's responsibility to get it done.
Ok, not a big deal. I had just done a deal where that was the case and it did not cause too much of a problem. I contacted the seller to let her know so she could get that arranged, it is now Sep 22. The ball is rolling a little bit faster now.
Wait, it's now slowing down. The seller was not having any luck getting a hold of the inspector to set this up. I called Aaron for an update on the progress and mentioned the inspector issue. He said that guy is notoriously hard to reach. There is like a 15 second window each morning around 10am and that's it for the day.
I contacted the seller to let her know this. Since she is in California, she needed to get up a little bit early to call him in his sweet spot. It took a few days, but on Sep 25 she had reached him and sent him a check.
Uh, yeah, but that call did not actually schedule the inspection. Apparently he would not schedule anything until after receiving the check. Awesome. He got the check Sep 26, but it took until Oct 14 to get a hold of him again and get on his schedule.
Ok, Oct 14 it gets scheduled...and now he had to actually get there and then write up his report. How long could this take? The inspection is set for Oct 20 at 3:30pm.
Well, the last red tape hurdle and we are only at what, 5 weeks since the end of the auction? Well, at least there is a light at the end of the tunnel...or is that a train?
Uh oh.
.
To get the ball rolling I called the city of Duquesne to ask about the occupancy inspection...is it needed prior to closing or is it something the new owner would need to have done? After many attempts to get in touch with the inspectors office (apparently one guy who is hardly ever reachable) I contacted the city manager's office. I was told that the inspection would be required prior to closing and that it is the seller's responsibility to get it done.
Ok, not a big deal. I had just done a deal where that was the case and it did not cause too much of a problem. I contacted the seller to let her know so she could get that arranged, it is now Sep 22. The ball is rolling a little bit faster now.
Wait, it's now slowing down. The seller was not having any luck getting a hold of the inspector to set this up. I called Aaron for an update on the progress and mentioned the inspector issue. He said that guy is notoriously hard to reach. There is like a 15 second window each morning around 10am and that's it for the day.
I contacted the seller to let her know this. Since she is in California, she needed to get up a little bit early to call him in his sweet spot. It took a few days, but on Sep 25 she had reached him and sent him a check.
Uh, yeah, but that call did not actually schedule the inspection. Apparently he would not schedule anything until after receiving the check. Awesome. He got the check Sep 26, but it took until Oct 14 to get a hold of him again and get on his schedule.
Ok, Oct 14 it gets scheduled...and now he had to actually get there and then write up his report. How long could this take? The inspection is set for Oct 20 at 3:30pm.
Well, the last red tape hurdle and we are only at what, 5 weeks since the end of the auction? Well, at least there is a light at the end of the tunnel...or is that a train?
Uh oh.
.
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