Are You Ruining Your Credibility?

[Dustin D.]

I have been analyzing deals and believe that I have finally found one. Nothing is set in stone and many things can go wrong. So what happens when you make an offer, it gets accepted, your under contract and BOOM something happens on your side where you have to back out for whatever reason? Ie. Funding, further research show it's not the deal you thought it was ect....

Does this happen all the time? Do all parties involved automatically get a bad taste in their mouth? I'd love some insight into this as I plan on being in this business for a long time and just like in any business reputation goes a long way. Being young and starting out should this be a concern at all or am I over thinking this?

About to make my first offer and is just a thought, and insight will be greatly appreciated.

[Rajesh Patel]

If you are transparent that as an investor you may need to back out if the deal does not make sense or things change, people should understand. If they don't that is not your fault.