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Updated over 11 years ago on . Most recent reply

User Stats

56
Posts
13
Votes
Marc Pfleger
  • Real Estate Investor
  • Saint Petersburg, FL
13
Votes |
56
Posts

My $1,000.00 mistake

Marc Pfleger
  • Real Estate Investor
  • Saint Petersburg, FL
Posted

so I ended up selling my 2nd property to another investor and hit my goal for a target profit, however, I forgot the magic phrase NET to seller in the contract. When I purchased the property from the previous owner I agreed to no tax proration so the property taxes ended up coming out of my profit. It was still a good deal for me, but could have been better. I basically wholesaled this property.

Most Popular Reply

User Stats

604
Posts
327
Votes
Chris Adams
  • Contractor
  • Valparaiso , IN
327
Votes |
604
Posts
Chris Adams
  • Contractor
  • Valparaiso , IN
Replied

You just paid 1k for education, Im guessing you'll never forget that again !

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