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Updated almost 5 years ago, 03/07/2020
Missed the Last Good Deal on Earth
As new investors, seeing a home that appears to be a fantastic deal slip through our fingers is pretty hard to swallow. Especially when it’s because we are still slow and have to double check every nook and cranny of our numbers and confirm our price estimates through a professional contractor. It really takes a blow to the motivation seeing all of your hard work fall flat for nothing.
As a seasoned dividend investor I know certain quality companies will dip and return to value levels again, even if i missed the boat the first time around. It’s good to have that experience to transpose to our real estate experience.
Going forward, we will learn from our mistakes and try to be ready faster.
I believe this is a common occurrence in real estate. Does anyone have a similar story? What lessons did you learn that helped to prevent it? How do you motivate contractors to look at your property faster?
Look forward to the responses.