Updated over 11 years ago on . Most recent reply
DONT BE TOO THIRSTY!!
Just figured to share what happened to me...
I had to decline submitting an offer with an agent today because I felt the margin was too close. I wanted to badly put this deal in contract today as my first deal but couldnt.
Although I'm putting zero into the deal financially, I am putting in the sweat labor of finding a good deal.
I found a deal that I thought was good at one point however because of a miscalculated rehab cost by the realtor in comparison to the true rehab estimate by the gc's, the margins became closer than I felt comfortable with for my partners money.
I told her that I would treat her money as my own and we agreed to the points of bowing out of the deal. I explained our position to the realtor and gc's ..all was good.............on to the next one...got 2 lined up!! Theres always another deal.
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@Vinny Gaines Last time I toke my realtor's advise/input on a rehab i worked my ..ss off for 4 months and broke even on the property. And my realtor friend made two easy commission(buy/list) of about $22,000!
And he was a good friend was not out there to screw me. I did take a while for me to realize that he is not a rehab expert rather a sales expert!
Good luck to you be persistent it does pay off soon!!!