Guide to Weeding out Bad Buyers
by Steve Washington (a.k.a. Amp)
This list is important for real estate investing newbies to know because when I was a newbie wholesaler I tended to feel grateful that someone would even talk to me about buying one of my properties. I let my guard down and didn't weed out the bad buyers. It wasn't fun! So here are a few quick tips for weeding out the bad buyers.
1.) Bad buyers won't put down a reasonable deposit. When I'm buying a property, I have no problem putting down $3,000. Some 'buyers' will offer $200, $500, or even nothing as a deposit. The more serious investor is the one who will put down a few thousand. There is a direct correlation between the deposit amount and the flake out rate.
2.) Bad buyers don't return phon...
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