😅Bad buyer experience 🥲 · Wholesaling Real Estate

😅Bad buyer experience 🥲

So my first ever contracts taught me a valuable lesson! I was able to get 5 properties under contract from the same motivated seller and look yall I ecstatic! I used my resources to source out different qualified buyers and someone contacted me! This person had 600K followers on instagram and is a known “guru” Joseph Nantomah aka Theblackmentor (instagram) understand that everything is not what it seems. This guy and his wife flew 8 hours to meet me personally walked and viewed all 5 properties we had drinks and good time and before 7pm I got a liquid signature on all 5 assignments totaling $125,000! My BIGGEST MISTAKE was not a making them pay an EMD of $5K or more. The EMD was only $1250. 1%. We talked a few days here and there and my title company finally cleared all 5 properties for closing. I remember it was June 6th 2022. I called him June 1st, 2nd, 3rd, and 4th. NO RESPONSE. June 5th he calls me and says he catching a flight in the morning and to meet him at the title company. I get there and after about 4 hours and no answered calls I realized he wasn’t showing! Luckily I had the contracts for an additional two weeks so decided to void them. He then goes to make a post as if he closed on the properties and I called him out and got blocked! Moral of the story everything isn’t what it seems if it sounds to good to be true more than likely it is. I’ve closed multiple properties since then and I didn’t let that stop me so what’s stopping you? I thought I was about to make $125K on my first multi-SFR deal ever! I laugh about it now but man what a lesson learned

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