As a real estate investor, you must be comfortable making low offers. To earn top income and be successful, you have to be willing to set aside any embarrassment that comes with throwing out a lowball property offer.
But, on the other hand, you need to be smart about your low offers.
Hey Moguls, Steph Davis here, and to kick off this lesson, I want to share a really interesting question I got from a fellow investor. It was something along the lines of:
“I’ve been told that a good strategy is to make offers on every MLS property at 50%
of the asking price, just to see if anything sticks. The theory behind this approach is that
wholesaling is a numbers game, and if you make a lot of offers, you’re bound to get a good deal.
I’m just curious what your thoughts are on this approach?”
And actually, this type of question is pretty common. I’ve had many people ask me if just…
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.