© 2009-2010 | REItips.com|FreeREIforms.com | KissFlipping.com Page 3And after a couple of those... I made a couple grand doing a couple bird-dogs. I finally found a deal. I gotpretty excited and motivated. And I ended up wholesaling a REO to a contractor. And I made sevengrand on this wholesale.And that's where the floodgates opened for me when it came to wholesaling REOs. That has been mymain source of finding deals for just about six years now, five and a half years. And for about a two tothree year period there, I was doing just about eight to 10 wholesales a month. So I've accumulated a lotof wholesales underneath my belt. Again, almost every single one of those were REOs.And that's when money was easy. Buyers was easy. Buyers are still easy. It's just the type of buyer andtheir buying patterns have changed. So I've always been in the REO arena. After awhile I said, "Gee whiz.The people need money. I know these are great deals."So I started wholesaling deals and I became a hard money lender. And I lent money on REOs. And that Idid just about 180, 200 hard money loans in about two years.I continue to do flips today, except now my approach has changed just a little bit more. Now I wholesaleor flip REOs to homeowners. And I like to call them "clean REOs," but I've created a niche where I reallysell. I'll buy a foreclosure. I'll do enough work to take away the ugliness and scariness, and then passalong a great discount to a homeowner, and make better margins and sell it very quickly.All in all I've ended up... You know, I've probably done 500 to 600 wholesale flip hard money loans in thepast five to six years.
: Quite impressive, to say the least. Now, there's a couple of things that I think make you ratherunique as an investor. Not just your level of success in the amount of time that you've been doing this,but there are a couple of things about your personality, your makeup, and even your physiology which Ithink make you unique. And they're worth bringing into the picture, so people kind of understand. Couldyou cover a couple of those for me?
: Sure. One of the things that people look at me and say, "Man, Bob, you know, why are you alwayschanging and how are you able to stay ahead of the market and not get burned, like the rest of use realestate investors?" Just about every investor I know that was investing six years ago has filed forforeclosure or bankruptcy, and really had to go through some struggles. One of things that I considermyself, and I'm always practicing, is the ability to stay ahead of the market. To recognize market trends,see what's coming down the pipeline, and adjust my flipping strategy. I'm always flipping. I can't get itout of my blood. I'm always going to flip.There's just something about putting a deal together and making a quick 10, 20, 30, 50 grand within aweek or two, or 30 days, that I just can't stop doing it. I know that people say, "You should buy and hold,and, you know, there's other ways to make more passive income." But, it's just one of those things thatI'm a house addict, a house flipping addict.So that being said, I have the unique ability to see what the market's going to do. It doesn't mean I'm agenius, it just means that I'm always accessing different resources to try to stay ahead of the market.