🚨 Walked Away From My First Deal 🚨
I thought I had my first wholesale deal locked in… Found a property with an ARV of $230k. Seller had it listed at $165k, dropped to $145k. I put in an offer at $120k and thought I had a steal. But here’s the truth 👇 After running the numbers and looking deeper, I realized the house needed: - A new roof 🏚️ - A new porch/deck 🔨 - Tons of other repairs… almost $60k+ worth of work 😬 On top of that, since a realtor was involved and I’m in Georgia, I would have to do a double close – which eats into profits. At first, I wanted to force it to work because it felt like a “deal”… but the numbers don’t lie. 📉 This deal would’ve been a disaster. Instead of losing money, I made the BEST decision: 👉 I walked away. Not every lead = a deal. The WIN here is knowing when to say NO. And honestly… I’m celebrating 🎉 because every “bad deal” you walk away from is one step closer to a great deal. Onward & upward. 🚀 #WholesalingRealEstate #FlipWithRick #FirstDeal #LessonsLearned