As investors we are in the business of buying properties low and selling them high. The basic principle is not much different than buying stocks. A big mistake that most real estate investors make is they get greedy and they don't leave enough money on the table for everybody else when selling properties. This is really important. If you get greedy in your business, then you're going to struggle with your business.
If you have a house that you think is worth $150,000 and you're asking $150,000 and somebody comes along and offers you $143,000 and there's room for you to make money, you should seriously consider that offer. If I were you, I would take the $143,000 because if you were to wait to try to get the $150,000, you may not get it for another 3, 4, 5, 6, 7 months. And by the time you wait that much, that long, then most likely you will have paid that and whatever your holding cost is, as well as maintenance, taxes and utilities, insurance. So, don't get greedy. It's very, very easy to get greedy and so many people are guilty of this. Make your money. Your goal should be to get in, get out and get paid. That's it. And move on to the next deal. So, if you think and if you're guilty of being a greedy person and wanting to squeeze every single penny out of each single property, then you're going to really struggle.
Your goal should be quantity. Deal after deal after deal after deal. That is your cash flow. It may be a difficult habit to break if you're already in investing and you find that very rarely do you accept more than your full asking price. It's very easy to get greedy. Especially if you've got a reason to be greedy and everybody's chomping at the bit wanting your house that you've got looking beautiful. Well that's another story if you're doing some kind of auction type situation, and if you really feel the house is worth that and if you've got time to wait for a higher price. I'm not telling you not to milk the house for all you can get. You've got to get paid, that's how we live. But don't get greedy either. It's better to have one bird in the hand versus two in the bush, as they say. I know I have shared how important it is to know how you will sell a property or your exit strategy before you actually buy a property.
Another way to avoid being greedy is to account to the best of your ability all the numbers and make a smart choice on the minimum price you can accept on a property. This way, when a buyer low-balls you on their offer (and they will time and time again) instead of being super annoyed, you will be able to counter offer accordingly. So, be smart, be wise, but don't be greedy. I will gladly share all my exit strategies with you through this incredible offer. Click on this link and be ready to learn! www.freemakemoneygift.com/invitation.html

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