Has this ever happened to you? You set the price (perhaps for a wholesale deal) a little higher with the thought that you can always come down—you can always negotiate.
In the meantime, the property is sitting there costing you money and that “extra” you thought you might get is eaten up in holding costs. Plus, the chance of an investor trying to talk you down in price is slim to none.
This hits home with me. In this episode, I’m giving you an example of how I – still today – fall into this trap.
Please learn from my mistakes.
As I’m talking to you, I’m headed once again to the ginormous VBS summer camp held here in St. Louis. My family is involved with this event every summer. See the link below for more information.
Listen and Enjoy:
- Setting your price too high—where it gets you
- Why investors usually are not willing to negotiate
- Why it’s good to get on all the buyer lists you can
- Why a quick nickel is better than a slow dime