Why do agents take it personal?? My Journey to find my first flip!!

[Joel Owens]

Okay so I have started putting my own offers out there.

Property

1.Located on main highway.House is a POC had it listed at 80k now expired and re-listed at 39,000.Old house on block foundation needing a ton of work.

Offered 5,000 cash close in 7 days.The land eventually in 4 to 5 years will go commercial but monthly rents will be low as house is right on the highway.40k for it is a pipe dream.Agents gets all mad in an e-mail and didn't even counter and said land value is worth more than that.You would think he would even ask for a counter for his client the bank but no.

2.Ranch house built in 70's about 1,200 sq ft.In a subdivision I grew up in and know well.Other homes have basements and are larger so ranch style is only 5 out of 100 in subdivision.

Needs new carpet,windows,roof,kitchen,baths,etc. Resale maybe 85k to 90k.They want 41k and I offered 5k cash.Agent is nicer and says bank recently rejected 21,000 for it.

This house at best is worth in the 20's.There is another house in the subdivision across the street asking 38,000 and has 1,954 sq ft with less work.

I have a bunch more cash than 5,000 but my thoughts are if I am going to buy and old house for commercial land to hold I don't want to pay a premium.If I am buying for a flip if I can get cheap enough I will use cash but if I have to go to a certain bid level then I will use hard money to preserve my capital.