I was talking to a friend of mine today.  After discussing how the kids were, the holiday and all that jazz.  We got down to brass tacks.  I asked him what is going on with you and short sales.  The enthusiasm changed and the climate of the conversation.  My friend has been working short sales for his associate/boss for a few years now.  He is only now starting to see the el dinaro $$$.  But he is not getting the percentage that was agreed upon initially.  He has a contract with the guy he was working with for a year.  The contract has expired and my friend for the last year has been working without a contract. Swinging without a safety net.  No legally binding document to protect himself.  Now what was agreed upon a few years ago is now out the window.  After numerous attempts to reach a new agreement the associate/owner will not go into a new contract.  I'm telling my friend move on to new and better things.  But next time get it in writing.  

As a wholesale investor your like a matchmaker.  Find the right seller who is motivated to sell and get them to the right buyer who has the cash to buy quickly.  Everyone on board wins.  Sounds easy but experienced investors know this process can be challenging.  I find a new buyer who will buy quickly provided it is what they are looking for and in right area.  I am introduced to another investor who has access to a large stock of inventory.  I can cherry pick till my heart is content for the right deals.  Has the ship come in?  Is the gravy train stopping on my block/ Anyway, I discuss with this investor how we can make it a much better Christmas this year and make a steady stream of closings.  Everyone is on board.  I get out my handy dandy Limited Partnership Agreement and email away.  The investor has received it and bada bing bada boom.  3 phone calls and 10 excuses later still no signed contract.    To divide the Red Sea you have to have the right staff.  The staff is the contract.  It will divide the men from the boys and tire kickers from the real investors.  Say what you mean and mean what you say.  Say it in a contract.  Get it in writing.  

If you are reading this and have any feed back or stories that have to do with good deal bad deal with a contract involved, I'd love to read about it.