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Hey guys, this is JP Moses back again with an important lesson that I want to share with you. It’s important because it has caused us to change our company policy based on this one fact. It’s worked for us, and quite frankly, it can apply to all of you who are reading this.
This has to do with how we get earnest money deposits from anyone that we assign a deal to. This means anyone – across the board.
Let me bring you in on an interesting story about two deals that almost didn’t happen. They are the Brownsford Cove and Court Street deals.
Brownsford Cove Deal
Brownsford Cove is a fantastic house in Memphis with a high-profit margin in an area known as Bartlett. It was a sweetheart deal, and we had a lot of interest right from the get-go. It was very easy for us to sell.
The guy we sold to, the one who was the quickest to pull the trigger, was a guy that we are now referring to – not so affectionately – as Mr. X. It turns out that Mr.…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.