Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

Account Closed
  • Denver, CO
3
Votes |
48
Posts

I'm in an extremely hot market"Denver,CO" and need help..ASAP!!!

Account Closed
  • Denver, CO
Posted

OK....so about the complaining...I'm sorry.....Ive dedicating a lot to memorizing scripts and presetations. I can spout them off with out any problem and say them in a way that would make most sales coaches happy. I just found out that a lost contract of a preforclsosure deal was getting door knocked constantly for 2 weeks and up to midnight of most days. They put up a sign that read, "Solicitors between 8am-8pm" And worst cast up until midnight the last week going up to the auction date. The house was of a close friends mother in law that he recently got into a "family altercation" and I lost my edge in being in the mix of getting the deal. Since I know the extent of repairs needed to bring up to rent or flip....I was way out bided.. by a lot! I pride my self in knowing negotiations tactics and presentations. Right now it doesn't matter with soo many people trying to get into wholesaling in my market. They are driving prices way way way way way up. Worst I've seen is 84% of ARV. I can get contracts to 50-60% of the ARV but not get them to stick. they have 3 days to cancel no matter what. Ive seen yellow letters that read the investor will guarantee 5k over the highest offer....dealing with one now..... 3 months ago my market started HGTV ads for houses for flippers to work with them and blah blah blah....how do I go about a hot market and a lot of new investors? I read that some investors get the contract at 80% of ARV and work backwards to the price they want. I don't like the strategy but i'm thinking that might be the only way right now....please leave your 2 cents!

Loading replies...