(NOTE: Want the absolute EASIEST way to find houses at 50% off their value? Learn more with our latest this special report.)
Hey Moguls, Steph Davis coming to you with some uber-helpful information about negotiating deals. Well, actually it’s more about renegotiating. I’ve offered up lots of great negotiating and wholesaling info here on Mogul, so make sure you check those out here too.
For today, though, I’m hitting on this subject because recently a student of mine asked me about a wholesale deal that he needed to renegotiate. Here’s the situation…
His situation was that he’d contracted to purchase a property for $110k, and he’d been marketing it at $120k for a couple of weeks with no response. The seller owned the property free and clear and was highly motivated.
Finally, the investor (my student) got a cash offer, but it was for $110k. This buyer was a legitimate player in the area and let it be known that he’d done…
Steph Davis
started wholesaling in October of 2006. At the time, she had been stuck at a job bartending for the past 10+ years. She was broke and miserable, and desperately wanted out of the bar scene, which I had been stuck in for the last 10+ years.
She ended up closing four wholesale deals by the end of 2006.
Since then, she's closed more deals than she can count, has written two best selling wholesaling courses (Flip This REO and The Cash Buyer Ninja) and continues to teach others how to wholesale with videos, interviews, and as much useful information as she possibly can, because she knows what it’s like to be a broke beginner, struggling to get that first deal.