When talking real estate most think of that BIG check they can deposit in a bank account and go hog wild with the "extra" money they just scored!
In this episode Bill (The Deal Maker) explains to Pete (The Rookie) why the cash deal are the least amount of profit when it comes to buying and selling property. In fact once you hear what Bill has to say about this . . . you may never want to do a rehab retail deal again.
It might come down to you thinking you are wasting your time on these low paying deals. I know Bill thinks that way. After culling through this information you will come to realize that rehabbing only has one profit center - buy low sell high!
How about if when you were making offers you were the highest offer. Think you could buy some houses then? And everyone around you would think you were nuts for paying too much. When in fact you were laughing all the way to the bank with profits other only dream of.
And, oh yeah, these deals are what other throw in the garbage. So there is very low competition, and plenty of deals to have. Nobody else wants them. Simple as that. And yet once you listen to these unheard of strategies, you too will want to go out there and start doing it!