Updated almost 6 years ago on . Most recent reply
Small Steps to Financial Freedom
What’s up bigger pockets! I checked out an open house with the realtor I’m working with today! I also drove around different areas in the city the day before but at least 3 properties I thought had potential were already pending(all under 10 days on the mls). I am trying to stick to “making you numbers work” but starting to think I should bend some. Are you guys going over asking price or finding better luck off market?
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@Cory Remekun
My 2 cents: you make money on the purchase, not in the sale. If market is overheated maybe its not the time to invest. Or you haven’t studied the market before and is trying to impose your numbers, when was not realistic.
For example, i live in NJ, its going to be very hard for me to invest in NJ expecting to have yields of 7% in a non leveraged property if dealing classes A or B clients.
Imagining you have done your homework previously, i would step back and do exercise
In other cities. The worst you would do it to enter in the investing war. Its never ends well...