What are you waiting for?

Day 16 and I still haven’t made a deal.  What am I waiting for?

OK, I’ll tell you what I’m waiting for…a buyer.

The magic of investing really happens when you have both a buyer and a seller already in place. Basically you’re brokering a deal between the two parties without taking any risk.

Right now we’re having fairly good success locating motivated sellers.  They’re all over the place.  No we’re working on building our buyers list so we can liquidate these properties as soon as we get them under contract.

This technique is used by real estate wholesalers all over the US.  You tie up a property, put it out to your list, then try to find a buyer before you close.

Since we’ve started this challenge with only $2,000 we will need to get our investment back as quickly as possible in order to reinvest and continue to grow it.

Just for those of you keeping score, we’ve made 4 more offers this week and one of the properties we were watching has sold to another party.   Now I’ve got my eye on this one if I can get it for $1,500.

What a beauty

Advertisement