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Updated over 6 years ago,

User Stats

769
Posts
432
Votes
Cassidy Burns
Agent
  • Investor
  • Washington, DC
432
Votes |
769
Posts

Scaling Up Your Flip Business. When does OVER NEGOTIATING hurt?

Cassidy Burns
Agent
  • Investor
  • Washington, DC
Posted

Good Morning BP,

I wanted to see what other flippers/ developers thoughts were on this topic.

When does it become OVER NEGOTIATING?  I find myself when making offers, obviously wanting the bottom bottom line price, for good reason.

BUT, when does the potential of losing the deal over a few thousand dollars become not worth it?  The deal works at the particular # but I am still extending, trying to get the lowest price.  

I currently have my criteria set at 30% margin, which works great for my area.  But am trying to scale up the volume that I am doing on an annual basis for 2019.

Would love to hear others thoughts on this !