Glenn & Amber Schworm tell us why knowing when to turn down a property deal is an important part of investing.
Glenn & Amber visit a property their team has under contract to wholesale. Wholesaling the property only works if they can make a profit between the purchase and the re-sale. To make a profit they need an attic they can refinish for a low cost that will add square footage & rooms.
When they get to the property, there are two issues: solar panels and a small attic. They share why each of these items is a problem for wholesalers and the numbers that make them walk away from this property.
As Glenn says at the end, sometimes saying “no” is the best thing you can do for an investment!
Watch on YouTube: When to Turn Down a Property Deal
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Learn more about Glenn & Amber here!