A two-for-one package deal seemed like a dream come true for Jazmine Gittens. There’s already some difficulty finding properties in Newark, New Jersey, so Jazmine was thrilled when the landlord assured her that both properties, which were located near each other, were also in similar condition.
In fact, Jazmine was so confident about the houses that she scheduled both open houses within thirty minutes of each without ever having stepped foot in the second house. But the minute she walked into the second house, the smell just knocked everyone back and her buyers turned around and walked out.
Even though she was a newer real estate wholesaler, Jazmine had some amazing protections in place. She used every tool at her disposal, and you’re going to learn why you should:
- Do your own due diligence.
- Collect earnest money deposits.
- Continue marketing in case of deals fall through.
- Assume that every house needs a full gut rehab.
Deals can go bad, but when you put in some guardrails as Jazmine did, deals can also be redeemed. Even if you’re a virtual wholesaler like Jazmine, you need an inspection contingency to protect you in case a seller lies to you.
Watch and Learn:
Listen and learn:
- Having an ironclad contract protected Jazmine more than once when the deal kept heading south after unexpected contingencies kept popping up.
- As a hardcore cold caller, Jazmine also makes sure that everything single seller gets an offer so she has something to follow up on.
- Why you need to assume that every house needs a full gut rehab.
Mentioned in this episode:
- JoeMcCall on Youtube
- Text the word BAD to 313131
- Jazmine Gittens on Facebook
- Jazmine Gittens on Instagram
- Jazmine Gittens on Youtube
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