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Updated about 10 years ago,
I'm in an extremely hot market"Denver,CO" and need help..ASAP!!!
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!