Over the weekend, a seller I'd sent a lowball offer to a couple months ago came back and asked if I'd consider selling at that price now. For a variety of reasons, including a downward market trend, I reduced the offer. We're still in negotiations. But no matter how this turns out, it just shows the more offers you make, the more opportunities you will have.

How I'm Harnessing FaceTime for the Win on a Virtual Land Flipping Deal What you picture first when you think of real estate investing? If it's fixing up and reselling or renting houses, I think it's safe to say you're in the majority of investors. But land investing for quick flips, development or banking offers several advantages you might consider: - You can do it virtually. - It's a LOT (no pun intended) less complicated. - There's very good money in it if you know what you're doing. Example, in my first land flip, I bought a parcel just outside Cottonwood, AZ for $1,800 and sold it a few days later for $35k. And yes, those are the right figures. Not every land deal delivers a return like that. But that deal sure got me hooked! But I digress… By hooking up with a local land agent to help you sell the property, with a simple FaceTime call, they can be your "boots on the ground" and give you a walking tour of the property. Just one of the many ways to harness today’s tech to go virtual! How are you taking advantage of Ai and other rapidly evolving technologies to accelerate your investing?

So cool putting together JV deals virtually. Just connected with a potential JV partner in North Carolina, working from my home base in Boulder, CO. Why do I love these deals? 1. You can go anywhere in the country. 2. The cost is zero. 3. It increases your number of opportunities exponentially. Got buyers and need deals, or got deals and need buyers? DM me — let's see if there's a fit.

Pulled the plug on a deal I had u/c today following a revised ARV based on physical walkthroughs by me and a couple other local investors. Learning points: - Never, EVER count on what you see online to represent actual physical reality! Physical walkthrough before EMD goes hard is a MUST. - If the deal is iffy, get your DD done ASAP so if it’s a no-go, you can let the LA know quickly. You may lose the deal, but win the relationship. - Don’t forget to check the surroundings. Things like commercial buildings, busy streets, ugly neighbors, etc. can impact pricing. As always, you can either win or learn!

This one shocked me. Made a lowball offer I figured would never in a gazillion years get accepted. And then the seller accepted! 😱 <𝘕𝘰𝘵𝘦, 26-05-06, 𝘵𝘩𝘦 𝘥𝘢𝘺 𝘢𝘧𝘵𝘦𝘳: 𝘞𝘢𝘭𝘬𝘦𝘥 𝘵𝘩𝘦 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘵𝘰𝘥𝘢𝘺. 𝘛𝘖𝘛𝘈𝘓𝘓𝘠 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘭𝘰𝘰𝘬 𝘢𝘯𝘥 𝘧𝘦𝘦𝘭 𝘵𝘩𝘢𝘯 𝘸𝘩𝘢𝘵 𝘵𝘩𝘦 𝘰𝘯𝘭𝘪𝘯𝘦 𝘱𝘪𝘤𝘴 𝘱𝘰𝘳𝘵𝘳𝘢𝘺 😳. 𝘈𝘴 𝘐 𝘵𝘰𝘭𝘥 𝘵𝘩𝘦 𝘓𝘈 𝘢𝘧𝘵𝘦𝘳𝘸𝘢𝘳𝘥𝘴, 𝘐'𝘭𝘭 𝘣𝘦 𝘳𝘦𝘦𝘷𝘢𝘭𝘶𝘢𝘵𝘪𝘯𝘨 𝘢𝘯𝘥 𝘳𝘦𝘷𝘪𝘴𝘪𝘯𝘨 𝘮𝘺 𝘰𝘧𝘧𝘦𝘳.> The agent asked if I wouldn't mind providing an explanation as to why my offer was so low, so her client, as she put it, "wouldn't be offended". So here's what I wrote: 𝘏𝘪 𝘑𝘪𝘭𝘭𝘪𝘢𝘯, 𝘛𝘩𝘢𝘯𝘬𝘴 𝘧𝘰𝘳 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘣𝘢𝘤𝘬 𝘸𝘪𝘵𝘩 𝘮𝘦 𝘰𝘯 𝘵𝘩𝘪𝘴. 𝘐 𝘢𝘱𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘦 𝘺𝘰𝘶𝘳 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯. 𝘈𝘴 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳, 𝘪𝘵’𝘴 𝘢𝘭𝘭 𝘪𝘯 𝘵𝘩𝘦 𝘯𝘶𝘮𝘣𝘦𝘳𝘴. 𝘛𝘩𝘦 𝘱𝘳𝘪𝘤𝘦 𝘰𝘧𝘧𝘦𝘳𝘦𝘥 𝘪𝘴 𝘢𝘣𝘰𝘶𝘵 𝘸𝘩𝘦𝘳𝘦 𝘸𝘦 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘣𝘦 𝘪𝘯 𝘰𝘳𝘥𝘦𝘳 𝘵𝘰 𝘰𝘣𝘵𝘢𝘪𝘯 𝘢 6-8% 𝘯𝘦𝘵 𝘤𝘢𝘱 𝘳𝘢𝘵𝘦 𝘧𝘰𝘳 𝘢 𝘤𝘰𝘯𝘥𝘰 𝘪𝘯 𝘢 𝘣𝘶𝘺𝘦𝘳’𝘴 𝘮𝘢𝘳𝘬𝘦𝘵 𝘸𝘪𝘵𝘩 𝘥𝘰𝘸𝘯 𝘵𝘳𝘦𝘯𝘥𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴, 𝘢𝘣𝘶𝘯𝘥𝘢𝘯𝘵 𝘢𝘭𝘵𝘦𝘳𝘯𝘢𝘵𝘦 𝘤𝘩𝘰𝘪𝘤𝘦𝘴 𝘵𝘰 𝘱𝘪𝘤𝘬 𝘧𝘳𝘰𝘮, 𝘢𝘯𝘥 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨 𝘪𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺. 𝘞𝘦’𝘳𝘦 𝘯𝘰𝘵 𝘺𝘰𝘶𝘳 𝘵𝘰𝘱 𝘥𝘰𝘭𝘭𝘢𝘳 𝘣𝘶𝘺𝘦𝘳, 𝘣𝘶𝘵 𝘤𝘢𝘯 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘢 𝘲𝘶𝘪𝘤𝘬 𝘢𝘭𝘭-𝘤𝘢𝘴𝘩 𝘴𝘢𝘭𝘦 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘤𝘰𝘶𝘯𝘵 𝘰𝘯 𝘸𝘪𝘵𝘩 𝘯𝘰 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘯𝘨 𝘤𝘰𝘯𝘵𝘪𝘯𝘨𝘦𝘯𝘤𝘪𝘦𝘴. 𝘐 𝘩𝘰𝘱𝘦 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘩𝘦𝘭𝘱𝘧𝘶𝘭 𝘧𝘰𝘳 𝘺𝘰𝘶 𝘢𝘯𝘥 𝘺𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵. 𝘐𝘧 𝘵𝘩𝘦𝘳𝘦’𝘴 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨 𝘦𝘭𝘴𝘦 𝘐 𝘤𝘢𝘯 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘧𝘰𝘳 𝘺𝘰𝘶 𝘢𝘵 𝘵𝘩𝘪𝘴 𝘵𝘪𝘮𝘦, 𝘭𝘦𝘵 𝘮𝘦 𝘬𝘯𝘰𝘸. 𝘐𝘯 𝘢𝘯𝘺 𝘤𝘢𝘴𝘦, 𝘐 𝘭𝘰𝘰𝘬 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘵𝘰 𝘩𝘦𝘢𝘳𝘪𝘯𝘨 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶! Now, on to finding a buyer! If you know anyone looking for one of the cheapest ways ever to own long term 'a piece of the rock' (i.e. Boulder, CO, where median house prices typically range in the low seven figures, and where when real estate prices around the state slump, prices tend to just flatten out before heading skyward again), send 'em on over! 😊