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Updated 12 months ago on . Most recent reply

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Joe S.
#5 Investor Mindset Contributor
  • Investor
  • San Antonio
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Better to lose your earnest money, than buy a bad deal

Joe S.
#5 Investor Mindset Contributor
  • Investor
  • San Antonio
Posted

 Once a person lets earnest money  go hard, they become emotionally attached.

If you find yourself in a situation, where there was something majorly different than what you realized, then it is my firm opinion that it is best to let the seller have your earnest money and take stage left.

Remember, no deal is better than a bad deal.

No, I have not always been the master of that particular principal. And I have a couple of problem properties. 
 

  • Joe S.
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