The other day, I told you about one of my coaching students that
was locking up his first real estate deal. Well, today he contacted me with
And he will (hopefully) lock up ANOTHER deal tomorrow. We'll see!
Anyway, as for the deal from today I wanted to know if you would do
the deal if it was on your plate?
Here are the specs:
- The ARV (After Repair Value) is $75,000 on the low end.
- It needs $15,000 in repairs
- The asking price is $29,900
- Its a bank owned property.
At first glance, this is a great real estate deal.
But my student listened to what I taught him and offered $18,000 on
his initial offer.
The purpose was to get the bank even lower on their asking price.
So, yesterday the bank counter at $26,900 which means they want to
play ball and they are motivated.
We ended up counter offering at $23,000 and will probably get the
If we get the deal we stand to make $14,500.
Again, would you do that real estate deal?
The answer is obvious.
And this can happen to you as well. All you need is the game