Negotiation Strategies in Houston

[Tristan S.]

Hi everybody,

I had a question concerning wholesaling strategies in general. I have heard from numerous sources that putting the property under contract should be your primary objective when you get to meet the seller at the house, and that afterward you could come back and renegotiate to get the price down. I have an hard time understanding how that could go well and how the seller would still take you seriously if you play that game.
What do you guys think?

Thanks

[Jeff Keller]

Unless there is a newly discovered reason for a lower price such as hidden flood or termite damage, that strategy will earn you a reputation as someone who can not be trusted. 

The seller could even potentially get money out of your pocket for not fulfilling your part of the contract.

It's a terrible idea.