5 Offers in One Day for the Deal He Found on MyHouseDealsReading Time: 1 minute
After 15 years working in IT, Sid developed an interest in real estate investing. When he completed his first wholesale deal with none of his own money down, he was hooked.
Sid attributes some of his success as a real estate investor to the relationships he has built and maintained over the years. From his listing agent to his contractor, he recognizes that these relationships make or break a successful deal.
Sid also stresses the importance of due diligence when assessing a potential deal. As part of this process, he does his own research and compares his own numbers against the seller’s, plugs them into his formula, and determines the profit potential of the deal. With this process down to a science, it takes Sid an average of three months to buy, rehab, and sell a property.
Head over to our success stories section to listen to the interview, including…
– The benefits of working with small banks to finance deals
– How to ensure your contractor is loyal to you
– The importance of working with a flat-fee listing agent
NOTE: Since Sid is a Premium Elite member, he received a FULL refund of his upfront membership fee for simply doing a deal! Find out more about our Premium Elite membership here.