Last night I got an e-mail about a new wholesale house on Realnet (a company that sells houses for investment purposes). Emily and I immediately went down there to check it out. It seemed like a great deal! We could buy it for $92,000 and sell it for $125,000 after repairs. We checked the numbers and found that the after repair value was a bit heigh (typical of houses from Realnet), but we were still interested in the deal. So, I called one of my mom's borrowers who specializes in that area. He checked it out for us and noticed that the square footage listed on Realnet was about 200 sqft more than what was listed on the property appraiser site. Abe and I went to the house this morning with a tape measure and checked it out for ourselves. Sure enough Realnet was wrong. I asked them about it and they said that there had been an addition. I didn't see any additions and we certainly didn't measure any extra square footage. So we tried to get in contact with the guy who actually buys the houses for Realnet and prepares the numbers, but he was hung-over and didn't show up for work. Abe and I put in a bid of $75,000. Later they called me and said that someone else had put in a full price offer. I hope for their sake they measured the house!

Later that afternoon I went driving around with Chuck and Bruce, two more of my mom's borrowers. They were in the middle of buying two houses worth over a million dollars each. The first one needed very little work, so Chuck was planning to move in. The second will be worth $800,000 more than they paid for it after they finish bringing it into the 21st century (currently it is firmly planted in the 1980s). They were very helpful, answering all of my questions and giving me some pointers.

Around 8:30 Abe and I went to the studio of the local talk radio station. The guys who do the new evening show recently relocated from Washington DC (where I use to listen to them). On Friday nights they have an open house, and let members of the community come on their show. It was great! Their intern "Chunks" needed to be punished for going through the suitcase (and looking at the panties) of El Jefe's cousin, who is visiting from Texas. So they took a pair of underwear, covered it with Icy Hot and hot-sauce and made him wear them. Then they gave him a wedgie and smacked him in the balls. He was screaming in pain for ten minutes before running to the bathroom, where he screamed for another 20 minutes. Hilarious!