Flip Tip Summary
Are you taking on too much risk and pain by not taking those cash offers? Chris McLaughlin shares his thoughts on why pigs get fat and hogs get slaughtered in real estate investing. Short and sweet…don’t miss this FlipNerd.com Flip Tip!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright from FlipNerd.com and we have a quick VIP tip to share with you from Chris McLaughlin, who’s going to share a tip on why pigs get fat and hogs get slaughtered in real estate investing.
Chris: The reality is pigs get fat and hogs do get slaughtered when it comes to real estate investing and what I mean by this is your cash deal typically is going to be a lower amount that’s offered to you but go cash and go for the quick close because those who try to stretch things out to go for the finance deals end up killing their deals and they implode in 30 to 60 to 90 days. People ask for extensions, they drag your deals on. Take the cash and get out quickly and move on to the next property.
Mike: Thanks for joining us for another FlipNerd Flip Tip.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.