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Updated about 10 years ago on . Most recent reply

User Stats

77
Posts
16
Votes
Thomas I.
  • Flipper/Rehabber
  • Metro-Detroit, MI
16
Votes |
77
Posts

Is it better to shoot first and ask questions later? What is your close rate on properties under contract?

Thomas I.
  • Flipper/Rehabber
  • Metro-Detroit, MI
Posted

Do you guys get a house under contract if there is even the slightest possibility of a deal?

What are your stats on deals under contract that don't result in closings? What should your close rate be? 

Just now saw another wholesaler marketing a property that I dragged my feet on because I didn't really think there was much of a deal. Curious to see if he sells it. 

Most Popular Reply

User Stats

1,527
Posts
514
Votes
Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
514
Votes |
1,527
Posts
Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
Replied

@Thomas I. I wont put a property under contract that I wont buy, and therefore we have a 95%+ close rate (have to have clear title). Of course I buy it so if I can sell it great otherwise we rehab or hold it. I find that many people need these properties sold, and some people lead them to believe they can perform, when if they cant sell they could never perform. Just my .02

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