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Updated over 2 years ago on . Most recent reply

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23
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17
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Quinton Phillips
17
Votes |
23
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Do your due dilligence!!

Quinton Phillips
Posted

Seen a post today about wholesale companies.  In the real estate investing world or any investments you should always do your own research no matter anyone tells you.  Should never go into a property without asking more than what you are given.  Yes there are sale people out there just trying to make a commission but you should find that out yourself.  It usually shows when someone is desperate for a sale vs someone who really want to get you a good deal.  The way to be successful in this business is by having repeat business as a salesperson and consistent inventory as an investor.  My advice to investors out there is to always do your due diligence and run your own numbers and be strict to them. Advice to other real estate agents is to not lose your morales over $$ it will kill your  Not every deal is a deal.

Most Popular Reply

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263
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217
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Dan Travieso
  • Investor
  • Fayetteville, NC
217
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263
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Dan Travieso
  • Investor
  • Fayetteville, NC
Replied

Well said. I am not sure whether it is inexperience or laziness (perhaps a little of both) but I see too many investors simply take the word of another investor or seller versus developing their own "Buy Box", conducting their own estimates, and only buying if the deal fits within their box. 

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