Ten Ways To Know When To Hold ‘Em And When To Fold ‘Em.

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Here's what I learned (or was reminded of) in a recent deal I decided to pass on during due diligence:

1. Have a strong bench of buyers lined up.

2. Make sure you understand the market.

3. Look closely at the property - a physical walk-through if you can

4. Get a sense of your sellers motivation level.

5. Be professional in your communications.

6. Don't just look at the house, look at the surroundings.

7. Bring a home inspector's checklist when you visit the house.

8. Don't let an appraisal sway your opinion.

9. Sometimes no deal is the best deal of all.

10. Don't give up until you know in your heart nothing else that could've been done.

You either win, or you learn — by taking action and taking note, you simply can't lose!

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