Want to know when I’d walk away from a wholesale deal?
Well, of course, there are a few reasons why you’d walk away from a deal… can’t agree on price, you find weasel clauses in the buyer’s paperwork, too many repairs are needed making the deal simply not worth it, lack of motivation and on and on…
But today, I’m talking about one thing in particular: Not getting a deposit from your buyer.
Bad move, friends.
Hey Moguls, Andrew “The Maestro” Massaro here and let me tell you that one of the BIGGEST mistakes I see wholesalers make these days is demanding your buyer write the deposit check out to you, personally.
Let me be super crystal clear:
The deposit from your buyer is mandatory.
No check… no deal.
Plain as day. Super simple.
Why must we have a deposit?
It shows us that your buyer is serious. And, it insures that we make some money, if this guy flakes out and walks…
Andrew Massaro
, also known as "The Maestro", is the founder of Wholesale Coaching, Inc. and is one of the most sought-after wholesale and REO coaches in the U.S. A University of Florida graduate, Andrewís house flipping career started in 2005, during one of the most dramatic and awe-inspiring real estate booms in recent memory.
After many years of success flipping houses in Tampa Bay, Andrew began also pursuing his passion and purpose: hands on, one-on-one coaching and mentoring other investors. Through Wholesale Coaching, students interact with and are coached by Andrew, personally. He has the unique ability to teach and guide his fellow investors to the results they desire. The one-on-one interaction and partnership is the key and what really sets him apart from others who offer coaching.
Andrew is also a loving husband, father to a beautiful little girl, Charlie Lynn, and an active board member of Current of Tampa Bay, a non-profit focusing on humanitarian efforts and showing love to underprivileged individuals.