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.
To be able to do it you have to have a very big buyers list. I have actually done this on a deal just last week. I had a seller pitch the deal to me that he was desperate to sell. I told him I would think about it, as I already had 4 properties picked up the week before that I was trying to sell.
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 love doing that, talk about no risk. Hahahhaha
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