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Updated over 10 years ago on . Most recent reply

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49
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Summer Segeleon
  • Titusville, PA
0
Votes |
49
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What do you say when people know what you paid for your flip? Feeling defeated!

Summer Segeleon
  • Titusville, PA
Posted

Ugh. Just showed my first property today and was caught a little off guard by the fact that the guy had checked public record and knew what I paid. I'm selling a 2bed 2bath mobile home on 2.66 acres for $25,000. He was asking how much money i had into it, etc. etc. KILLING ME> I told him" Look. I checked other similar properties with less land and they are listed for $50K.  He offered me $15K for it (bc he can see that I paid $10,250). I just said " I have that into it" .. But ANYWAY, what do you tell people? How do you justify the high markup when you've negotiated a good deal? How do you get around this? 

Most Popular Reply

User Stats

6,201
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
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6,201
Posts
Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

Say "you didn't see what it looked like when I bought it; I had to sink a bunch of money into it just to get it to this condition."

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