OfflineOk this investor really gave me a chance to prove to him I can get the job done(well that why I believe he allowed me to lock up this piece of property).
He started to renovation on the house and still going through with it. He gave me the opportunity to assign this contracted over to another investor by this Sunday.
I've done everything dean told me to plus more. I've listed the property I'm my site and craigslist and site a like I called my list of investors which happens to be over 13 people.
Each investor submits a low ball offer that I can't accept... here the sum of the math. Offer rang from 198,000 to 150,000(which is totaly out the picture
The property has a long lot 50x 150 I sugusted to add on to the house which will allow you to flip it for a high price
The potential profit for an investor that wants to by is 90 after total renovation with the extention 150
Investor brought it for 170,000
Told me he will let it go for 200,000(30,000 profit)
I'm locked it up for 210,000 (10,000 profit)
Ways that I promoted deal:classified sites, my website, word of mouth, youtube, and paper flyers.
My m question is what can I do to help investor see that this is a good deal or what can I do to promote my deal to catch the interest of more investor....
I don't want to lose out on this deal... please help
I will never accept defeat there for I will never fail
Do you have comps for the area to show the buyers that this is a good deal?
No but I tell them the comps but most of these people are investors that been in the game for a while so they are ready know the comps when they come to look at the property.
I will never accept defeat there for I will never fail
No but I tell them the comps but most of these people are investors that been in the game for a while so they are ready know the comps when they come to look at the property.
I will never accept defeat there for I will never fail
Does anyone have amy ideas
I will never accept defeat there for I will never fail
This scenario is my fear for placing my first offer. I have found many so-so deals but am waiting on the BIG ONE that an investor would have to be nuts to turn down. That's the only way I would know how to do it just starting out. Hope somebody with more experience has some good advice on this one.
Why can't you get the investor that offered 198k to go up to 205? and you take only a 5k profit?
Your using the idea of waiting for the big deal as an excuse not to move forward sumbit those offer learn the lingo gain Confidents... learn what to do and how to do... make the little mistakes on the small deals rather then make big mistakes on big deals....
Try not to make a mistake at all do your research
I will never accept defeat there for I will never fail
They told me they that's their final offer...
Truth be told ill be happy with 2k I'm not greedy...
I'm looking at this as a learning experience....
I will never accept defeat there for I will never fail