You can sell real estate before you buy it.
Have you ever heard of this concept?
You can’t do it, you say. Well, I have a different opinion. I sold quite a few properties before I even had a contract on the deal.
In order to do it you have to have a huge buyers list. I have actually done this on a deal a few day ago. A seller pitched the deal to me. It looked like he was desperate to sell, but at the time I had already 4 properties picked up, so I told him I would think about it.
At home that night I pitched the property (with my mark up in it) to my buyers list. It ended up sold the next morning.
I called the seller back to tell him that I thought about buying but for lower than what was previously discussed, the reason being I already had 4 properties on my hands. I made an extra 3 grand as a result. Only then I put this property under contract.
See it can be done. But the only reason I could do that was because I had a huge buyers list to pitch the deal out to.
Boy, I really love doing that – talk about no risk, lol!
