Maybe I shudnt get so excited over these small deals, But hell, I just made 2 Grand today sitting on my butt.
My competitor Alan called me on a condo that he cudnt sell, he tried for weeks. It was a 2/1 & in good condition, just needed paint and carpet. He got it on contract for $22,000 Seller was a bit motivated, he had moved 4 hrs away and was still paying $250 a month HOA fees. I don't think he had the 5 Grand to make repairs and get it ready for tenants. I told Alan I never did a condo b4 but I'll see if my guy wants it for 26K
Well, surprise surprise, my buyer says he'll take it. He never negotiated the price, Maybe I shud of asked for 30K
It took about 2 1/2 weeks, just closed today. This is the 4th or 5th deal Alan and I have done together.