Finally made first offer.... Unfortunately didn't get it.
Well I have been reading and learning a ton over the past few months, looking at properties in the KC market and finally found one to make an offer on. The purchase price was at $67k and after running the numbers fit my cash flow criteria. I made what I thought was an aggressive offer... $72k cash purchase, 21day close, 10% earnest money. After a day of waiting just found out didn't get it, and went to someone who bid over $80k.
It was a little bit of a let down to not get it, but need to keep moving forward. I'm wondering if it would be better to try and find a wholesaler for deals instead or start a direct mail campaign, what are your guys thoughts?
Want to get my first deal by the end of the year.
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Don't give up - that deal wasn't yours to have apparently - and you learned a ton in the process. I live in KC and AZ - both markets can be tough. Being new also makes it a bit tougher -- the right one will come along. Chalk that up to learning............ best of luck. Go Chiefs!