We officially canceled the contract on 9248 Ridge Blvd, Jacksonville, FL, and while it stings to walk away from what could’ve been my first closed JV deal under contract, this experience taught me more than any win could have.
Here’s what happened:
After weeks of negotiations, analysis, and guidance from top investors like Zack Ginn, we uncovered some crucial details that completely changed the numbers — structural issues, flood zone risks, demo costs, and inflated listing values.
We adjusted our offer accordingly (to a realistic $50K–$60K), provided full breakdowns, comps, and scenarios to the listing agent… but unfortunately, the seller was too upset by the price change to even review the data in full.
I’ve since signed the cancellation agreement and moved on — but I’m walking away with new rules that will guide every deal going forward:
🔥 1. Always get a contractor to walk the property first.
Repair estimates = leverage. Never negotiate blind.
💰 2. Only work FSBO (For Sale By Owner).
Agents are usually motivated by commissions, not logic. They often avoid relaying the tough truths that could risk their deal — even if it’s in their seller’s best interest.
🧠 3. Always double-check county data and zoning records before sending offers.
Google and county resources can reveal information that makes or breaks your entire deal.
👥 4. Build a solid network of experts.
Without my investors and mentors, I would’ve missed the key details that exposed the real numbers behind this property.
I’m choosing to see this not as a setback, but as a setup — because I now know exactly what to do next time.
I still have buyers ready to buy in Jacksonville right now — serious, cash-ready investors who just need a property that makes sense at the right numbers.
If you’re in Florida and have FSBO or off-market properties that need quick cash buyers, let’s collaborate before the end of the month.
This deal may have slipped away, but the momentum is real.
The breakthrough always comes right after the lesson. 🚀