21d • DEALS (Lost/Won)
Deals: Cleveland OH (LOST)
This was a deal that was brought to my attention by . I was helping with dispo and even though we had the deal under contract and ready to market, this deal just happen to be in a poor buyer activity area with nothing to validate it as high activity for end buyers or investors from our repeat buyer list or buyers in that area near that zip code.
I normally dont work with daisy chain deals as this was a deal on her list that she wanted to find a buyer for them and I wanted to prove my concept but the deal was botched by bad numbers and was counter productive to our strategy and exit plans. The asking price was $56,000 and anything near by was only showing $70K-$100K in resale. The profit margins and rehab expenses would of crushed the deal.
This would of been a $6000K assignment fee.
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Deals: Cleveland OH (LOST)
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