OFFER ACCEPTED ANALYZING 3 DEALS A DAY

[Dante Foreman]

I was watching a Brandon Turner video and said something along the lines of analyzing 3 deals a day just for practice. And then you should feel confident enough to make an offer. So I analyze a great deal and said you know what the heck and made an offer. Well as they say I was a day late and a dollar short,but now Im motivated I made a adjustment based on what i read from J.Scotts Flipping Houses Book. I analyzed a different potiential deal but this time sent it to a HML they liked the deal and pre-approved me. So the next time I made a deal I made it a point to show I close faster than a traditional bank,and I wasnt to far from their asking price not even 24 hrs my offer got accepted. This is really a blessing to me I know the journey has just begun I have a little exprience but I love learning keep at it.

[Dante Foreman]

Update @Keith Thomas @Zac Hall @Michael Rosenblum I had made an offer on 3bed 2 bath home they asked 74,000 I basically got it down to 66,000 needed 25k rehab 91 all in 120,000 ARV number being conservative. After running the numbers again with my lender he was charging 3 points and like 12% interest on a year term. interest and point were high because its my first one. We done the math both bout time I closed the property taxes and fees lender points etc I wouldnt make any profit if any at all. Lesson learnded I had to bck out the deal things I leanred its a decent deal if I partned up with someone but not a good for hard money lender. discouraged but in failure you learn and gain experience also Now I know what to expect from my lender now I can pinpoint exactly what I and need