Cought in the moment,

[Israel Campos]

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... 

[Lynn Currie]

@Israel Campos

I'd say your biggest mistake might be the decision to not let yourself lose the earnest money. 

Do your due diligence on the deal. If it's a good one, you can make it work for you, and you're comfortable moving forward, do so. If it's a turd, let it go.

Better to be out a couple of grand (you didn't say how much earnest money you put down), learn your lesson, and move on, than own something that is going to continually be a bad investment with the possibility of losing more money.