Bakersfield, CA · Member since 2017 · 6 posts · 1 vote
I am in between referring a deal for a 2nd time or debating about putting it under contract myself and looking to sell the right to the contract. I have a few contacts who are always open to making cash offers for homes. The deal is an off market deal in a good neighborhood. The reason I am in between is because I did my first deal about 4 years ago and hadn't ever tried to do another deal. I have been learning of real estate now for a few years and feel confident in what I know. As a beginner still, who is interested in investing in the near future, what do you feel is the best thing I should do? I feel that Numbers are there to make a deal and the price it's up for sale is about $40-60K less than potential ARV. What do you suggest I do between going for a finders fee or putting it under contract? I appreciate all Of the help. Thank you!
If the deal is there and you have people in mind you think would buy it, put it under contract. Worst case scenario if you're off on your numbers you can go back and renegotiate. I would let the seller know though that you aren't capable of closing on the property but will be bringing a cash buyer to the table