OfflineI am just getting started I have read deans book "Be a real Estate Millionare". Since then I have been through this site every day for two months. My prospecting realastate agent ask me if I had 500 thousand in cash when I submitted the 25-1 offer. I founf 25 properties that were atleast 90 days on the market(dom), were a forcloser and under 100k. I made offers from 30-50% lower then the asking on all the propoerties and emailed it. He then asked if I had enough money to cover them if they all got excepted. What do I do?
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"The regrets of YESTERDAY are the TWIN thievs that ROB us of the MOMENT!!!
Assuming you can pick up the properties at a deep enough discount, you can consider assigning or double closing as many properties as you can. That way, all you need is an active buyers list that is ready to move quickly if you present them with the types of deals that they are seeking.
With this type of exit strategy, you don't need ANY of your own money. You are using other people's money to fund these deals and getting paid for putting the motivated seller and motivated buyer together.
Best of luck.
Your friend,
SHINE