I am getting ready, after completing ONE of Dean's books 2 weeks ago, to make an offer on my first deal. It is planned to be a rehab that someone started and is physically and financially unable to complete. A lot of work is needed on the home, but the current owner has already purchased most of the materials needed to complete the home. I am planning on offering 25% of what the home will be worth after it is completed, which is just below what he is asking. I am going to go take a look at the home in the next day or so and make my final offer decision or decide to walk away. It sounds like a LOT of work...but may be worth it in the end.
All that can happen is it does not go through...SO WHAT!
NO is not a 4 letter word!
Decisions are a 50-50 shot: yes or no!