Who is responsible on a bad deal?
What is everyone excited about!?
- Hawaii adventures, a beautiful day in Seattle, The lower woodland park outdoors skateboard park!!
Did I hear Julie refer to skateboarders as Knuckle Draggers!? 😉
Julie: Who is responsible for a bad deal?
Let’s start from the beginning– Where are investors finding deals?
Buying from wholesalers, agents, auctions, investor friendly brokerages, searching for your own deals.
*On investor friendly brokerages– Are charging you in many different ways. As a newbie, your vulnerable with different payments that may be charged. They are in business to make money…just like you, and me. They also will help you with contractors, money, layout, etc. *
Questions for referred contractors–
When are you available?
Do I get the same price for the job as the investor friendly brokerage?
Can I get a bid?
-Trust your comps! –
Real Estate 101 on comps– The comps you get need to be within 6 months, 1/2-mile radius, not cross main streets/borders.
Tip– Don’t buy a a house as a newbie that has no comps! Or Julie opens herself up for questions on this subject, contact her before you pull the trigger!
Who is responsible for a bad deal?
You are. It’s always 100% your fault. When it comes to purchasing a bad deal. You alone are responsible for your own due diligence.
- Check your comps
- Ask the right questions
- Crunch the numbers and make sure they fit.
- Don’t depend on another person’s info! Do your own research.
Thank you everyone for tuning in! Please give us feedback on I-tunes & rate us to help get our message out!
Go out and kill it!
Resources Mentioned:
- How to comp Video
- 1st Action step for new investors.
- 20 line items in your deal analyzer
- Podcast 008 How to find deals
BEEP! BEEP! HONK! HONK!