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Buying & Selling Real Estate

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107
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Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
55
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107
Posts

Finally made first offer.... Unfortunately didn't get it.

Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
Posted Aug 16 2018, 18:00
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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