Hi all. Officially, I’m new here,though I’ve been funding deals for a friend for a while. After seeing the system work, I have joined for myself.
My friend who I’ve been helping, has done a bunch of deals on terms. However, I’ve noticed that a large portion of them back out eventually. He’s selling these properties at 3-4x purchase price, but he often has to start over.
In listening to the podcast and reading posts here, it seems (though not clear) that most are shying away from terms and doing cash deals. In my mind, I’d rather sell a property for 2x cash than 4x terms just to be done with it and get the $ velocity going.
What do most of you do? If you are shying away from terms, what is your most common method of payment?
You must be logged in to reply to this topic.