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Updated about 2 years ago on . Most recent reply

User Stats

28
Posts
47
Votes
Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
47
Votes |
28
Posts

GOT MY FIRST CONTRACT SIGNED!!

Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
Posted

Hello all,

I'm so excited. I talked to a seller on Tuesday Nov 29th, went on the appt Thursday Dec 1st and got the contract signed this morning Monday Dec 5th!! I am overjoyed! I'm currently looking for a buyer which shouldn't be a problem because the home is boarded up and definitely needs some TLC. This is the first of many contracts to be signed and I contribute some of my success to the BP forums. All the criticism both good and bad have helped me be a better investor. Thank you!

Most Popular Reply

User Stats

20
Posts
11
Votes
Adam Upchurch
  • Investor
  • Atlanta GA, USA
11
Votes |
20
Posts
Adam Upchurch
  • Investor
  • Atlanta GA, USA
Replied

Congrats Tenetrice! 

So I wholesale 2-4 properties a month.

Advice that I always give newbies is to JV with someone. Have a local dispo house like Keyglee help find you a buyer. It's going to increase your chance of closing the deal.

Sure, you'll give up half a deal. But it increases your chances that you find a buyer at a higher price and actually closing. Things just pop up during the transaction coordinating phase of the deal.

Worth it while you're learning. Learning on your first deal or so is much more important than how much you make. Trust me! But also.. If you don't JV with someone and you don't find a buyer then you'll learn that you should JV withsomeone. Eitherway you learn!

Good luck out there! 

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