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Last deal was a dud, but moving on

July 11th, 2013 | posted by Arcey

My deal in San Antonio didn't go as I wanted. I was unable to find any interested investors to take the home for the offered price. The owner could not lower the price due to still owing a mortgage payment, and the rehab costs were too high. So, I moved on to another out of state deal. The owner was selling it for 39,000. The home was built in 2011 and does not need any repairs. Its ARV is at 72,000. I negotiated 35K and he accepted my offer. He also has a Real Estate Attorney that will get us through closing. I will keep you posted.

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