Show094: Should You Make Low Ball Offers?

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Our Newest Rehab Project

This year we definitely stepped out of our comfort zone with our flip project that we completed throughout the middle part of the year.  While it was something we always wanted to do, there were a lot of new things we had to learn because we've only been buy and hold investors.

While there was a bit of a learning curve, we enjoyed the process so much that we have just bought our 2nd rehab project.  With this new property, we are excited to be embarking on our second flip project and to put into practice some of the things we learned from our last job.

Even though we do enjoy the total rehabbing of properties to see them become a new, clean ,modern home again....we definetly are not leaving the rental property niche.  That is our bread and butter and just as we purchased this new flip project, we've closed on one duplex and our under contract for another one in the last two months of the year.

In this episode, we share with you how we were able to get the property for only $30,000 when the seller was asking $80,000 and how our new shift in mindset enabled us to feel confident enough in offering a price that low.

 

 In the show we discuss:

=>the importance of making offers that work for you (even if they're really low)

=>the process of negotiating a deal with a for sale by owner

=>what we plan to do with the property

=> and more...

Links Mentioned in the Show

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