I need advice from seasoned Vets here please.
So I am very close to signing my first contract on my first investment property. Yes, I know until the deal is done it's not done. Understood! My GC called today and another woman has a home that her mother passed down to her when she passed and she can't afford the upkeep any longer and needs to sell. That is good news but the only problem is this is my first home and I do not think it is a good idea to do two at once my first time. Does anyone have any suggestions on how to hold her off and still buy the property? I feel it could be a really good deal as well and don't want to lose it to someone else, but I need to stick to one at a time. I don't really see a solution here and she seems to want to sell soon.
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And better advice from Jay. That's the beautiful of getting and having your own real estate license. You can help sellers to get the most amount of money from their property.
I have a couple of stories to share about having my own RE license. A gentleman called me from my mailer. He was 1 week from foreclosure. He didn't want the property due to a nasty divorce. He was ready to deed it over to anyone. I was able to stall the foreclosure, sold the property, and he walked away with over $95k net. Did I say he was driving a beater car with mechanical issues.
A widow was 3 months from foreclosure. She received over 30 soliciting letters. Our letter was the only one stated that she still had equity in her house. We sold her house and she walked away with over $84k net. With that said, consider getting your RE license. One sale can pay for years of your MLS membership and RE license dues.
Good luck.