Well said, Kevin.

I had a lady call me and state she got an offer before mine for 4K. My offer was 3K.
($100.00 AC) She asked if I would honor the 4K, and I politely said “No.” I told her she would get more money if she sold it herself, she said she’ll be in touch.

Calls back in a week and states she’ll take my 3K. I said “I’ll get back to you…[Read more]

Kramer – I smell a rat in this deal. First, not only did the seller sign two contracts but two contracts have been submitted to the same title company. Second, your offer must have been significantly higher than the first offer. That makes me wonder if you offered too much. Please check your comps carefully. You can not go ahead with the purchase…[Read more]

Great, thank you, Kevin! Thats what I was thinking but doesn’t hurt to ask someone who has seen a few of these.

Yeah I’ve seen them flop around some. But not that much. Wow. You mean county GIS website map? Or an actual plat? How does it look on google earth? Something is weird.

Aroldo – Congrats! You sent the mail and now the phone is ringing. That is how this is supposed to work.

Ok

Here’s my conclusion:

It is doable and can be an awesome retirement strategy. But I think it would be best used for larger single purchases rather than multiple smaller purchases. There is nothing wrong with getting a great deal and then selling it for a profit. That’s the basics of investing (buy low, sell high!). Doing that, I conclude, would…[Read more]