Why I Accepted $10,000 LESS On a House Flip…But Made MORE Money Anyway | House Flipping School

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Why I Accepted $10,000 LESS On a House Flip…But Made MORE Money Anyway

Why would anyone in their right mind EVER leave money on the table on a house flip deal?

house flip insanityMost people would think that you'd have to be certifiably insane (see our friend on the left) to take less money on anything you sell...house flip deals included.

After all, isn’t house flipping about maxing out the amount of money you can make on a deal?

It is of course. But on this house flip deal, I actually figured out a way to make more money anyway.

What was really cool is that we had FIVE offers on the property on the same day!

So thankfully I had some options, so we could be fairly picky and pick which one was the best one for us.

FIVE House Flip Offers in 1 Day...What's the Best One?

We listed the house for $219,000. And on the very first day of it being on the market, we got the following offers:

  • $211,000
  • $212,000
  • $217,000
  • $219,000
  • $229,000

Which offer would you choose?

As you can see, we actually got one offer which was $10,000 OVER our asking price!

But surprisingly…this was NOT the offer I accepted…and I’ll tell you why here in these two videos...

 

house_flip_deal_$10000

 

10000_house_flip_deal

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by Mike LaCava

I'm a full time house flipper who isn't afraid to share information and help upcoming investors. If you have a question just ask. I am happy to help!

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