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Updated 3 months ago, 09/04/2024
The house that taught me a $40,000 lesson in 2019...
It was a nightmare which only made me $4k.
After securing the deal, the buyer made my wife and I go through three-feet deep of snow to "winterize" the house so there wouldn't be any plumbing issues.
It was a 2 hour drive there, and a 2 hour drive back.
So much time and effort put into it for only $4k...
The person I sold it to made $40k weeks later doing nothing to the property but listing it on the MLS.
All because he had more leverage.
He knew I was in a tight situation financially and took advantage of me.
He turned me into a motivated seller.
As painful as this lesson was, it made me make major operational changes.
As well as it forced me to have a mindset change too.
A much needed one!
I no longer work from a place of scarcity.
I set myself up for success and work from a place of abundance.
I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.
It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.
Embrace your mistakes, learn from them, and adapt.
This is the only way to grow.