We have been training new and seasoned real estate investors for over 16 years. We have seen a lot of the things that will hold people up in their real estate business. We have compiled a list of 3 of the most common mistakes that most real estate investors will make when they are making their offers.
- You are making the wrong offer on the wrong property in the wrong market. You will want to refer back to this article to better understand what we are talking about here.
- You have made a mistake calculating the ARV (After Repair Value) and the repair cost estimate.
- You are using the wrong Purchase Contract and contingencies for that market.
Normally, you will see that one of these mistakes, if not all of them have been made resulting in your offer being rejected. Keep in mind, the more competitive the real estate market you are working in, the tighter and more accurate your offers HAVE to be to get your aggressive offers accepted.