We’ve all had embarrassing moments. Some laughable and some downright humiliating… like, bury your head in the sand and don’t come out for years kind of embarrassing.
But if you could find ways to avoid those embarrassing moments, if you could take advice from someone who’s been there (um, me), wouldn’t you?
The answer goes without saying. Hey dudes and dudettes, it’s Cody Sperber back with some awesome sauce to help spare you some red-faced moments by sharing with you 5 rookie mistakes to avoid.
#1 Don’t Base Your Price on the Bank
Just because the bank lists a sale price doesn’t mean you should take that price, well, all the way to the bank. What I’m saying is the bank’s listed price isn’t the end all, be all. You’ve got to do your research. But, simply accepting the bank’s price as is, and then reducing it by 30% isn’t the way to go.
You need to calculate market value, add the repair amounts and account for your profit.…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).