Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

27
Posts
5
Votes
Israel Campos
  • Investor
  • Kansas , MO
5
Votes |
27
Posts

Cought in the moment,

Israel Campos
  • Investor
  • Kansas , MO
Posted

Hello friends!!! I am at the end of my 3rd month and I just signed my 3rd contract, yay me righ!!? Well this third one I feel like it might not be the best deal but I got so cought up in the moment that I was getting another contract that I signed the damn paper and even put up some earnest money... 

After beating my self up the 45 min drive home I came to a conclusion, this here as good or bad even if all I do is break even on this will be a lesson learned for the books, NEVER PUT DOWN EARNEST MONEY ON A WHOLESALE!!! the money I'm going to put in escrow, but if I don't sell it Im out that money. I got the house for 20k under market value and it probably only needs 8k roof paint and carpet, 

What do you guys think, how bad is this deal???

I won't let myself loose that money I rather not make money then loose money. Help me out here people... 

Loading replies...