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Updated about 1 year ago on . Most recent reply

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41
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32
Votes
Hector Serna
32
Votes |
41
Posts

Just canceled my 3rd deal… time to start over

Hector Serna
Posted

Hey guys,

So I recently got out of my 3rd deal in Cicero, IL (Chicago Land Area). I’ve gone through the process 3 times (Offer accepted, appraisal, inspection) and for some reason something always needs to come up. So it’s time to start looking again. I have faith that it’s all in Gods hands to decide when it’s the best time for this to go fully through, however, I’d like some pointers from the BP community. 
Has anyone else gone through this? What did you do differently? Is it the location I’m trying to work in? The state? The town? Is there something I should consider? 
For the past 7 months I’ve listened to several podcasts and read books.. I truly feel like I just need to execute now to get that hands on experience. I refuse to stay in the “analyzing” stage.
For now, I’m going to take a month or so to readjust, read more books, save more money.

Thank you.

Most Popular Reply

User Stats

955
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1,977
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
1,977
Votes |
955
Posts
Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
Replied

I'll take what may be an unpopular stance with some - you did the right thing by backing out of those deals. You didn't know what you didn't know. I've learned that pain is the best educator. I bet you'll check tax records for double lots, look at foundations and plumbing, and inquire about water being turned on for inspections much sooner on your future deals. 

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