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Updated over 8 years ago,

User Stats

7
Posts
2
Votes
Jacob Horan
  • Investor
  • Boulder Creek, CA
2
Votes |
7
Posts

Don't give away your good ideas

Jacob Horan
  • Investor
  • Boulder Creek, CA
Posted
So I learned a valuable lesson today . I checked out a local mls listing that was owned by investors. The home is in the Santa Cruz mountains and has a current redtag . To make a long story short the home has erosion issues, I came up with a rehab game plan and got my team on board . I contacted the listing real estate agent who works had and hand with his personal investors . He declared that it was a mistake (they purchased through a tax sale) but and he and his investors were not going to fix the home because the whole house would have to be moved .This is were I make my mistake I tell him my whole plan , it was to cut the house in half and elude the erosion and rebuild the home on the other side of the property, I gave him way to many details on how I would accomplish the mission. He was very interested and said if I could do that he would hire me , I told him I still work for a contractor and don't actually hold my license yet. So I told him to forward me all his info so I can put an offer ,he concurred . I called him back in a hour to verify he had my correct email AND then he told me all the sudden his investors had a change of heart and we're going to keep it in house with another investor. I feel like if I would have concealed the way I was going to accomplishthe rehab I would be the owner of this project just a thought

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