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$27,000 Profit in 3 Weeks

by Tom Keill   

I just wanted to send you an email on a recent success I had. I was trying to purchase a home that was up for estate sale. After inspecting the house, I decided I could pay up to $35,000 for the house. So I decided I would offer $30,000, since it was only on the market for an hour and they where asking $45,000.

But before I could make my offer, the Realtor tells me that she knows that they will accept $25,000. So of course I tell her that the best I could do is $20,000. They countered at $22,000.

This is something that we as real estate investors miss--we never listen. We are so focused on what we are going to say next, that we forget to listen. Lucky for me I was paying attention that day.

But, the story gets better. The day after closing on this house, I had a new roof put on. That day I got a call from someone who told me to stop working on the house because he wanted to buy it from me "as is." I agreed to make some more repairs for him. So I have a total of $28,000 invested in the property.

We will be closing on the house next week for $55,000. I will have a profit of $27,000 in just three weeks. And all I had to do was pay someone to put a roof on it. I'm working on a similar deal with the buyer's sister. I'll let you know how this turns out. Thanks for all the help.

 
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