Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller, or are looking for an alternate to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

 

EP027 | What To Do When a Fix and Flip Sale Falls Through

Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

We recently finished rehabbing a property, we had our Property Launch, we accepted an offer, and now the buyer backed out. We talk about what happened and what we plan to do to overcome this hurdle.

Buyer backs out

  • Why
    • Financing
    • Inspections
  • Persistence – inspector, listing agent, buyers agent, random agents

Your recourse

  • Earnest money
  • Sue to follow through
  • Contingencies

The Relaunch Plan

  • Facebook
  • Agent walkthrough
  • Picture slideshow
  • Boosted ads
  • Craigslist

Lesson of the Week – REI specific
                
Understand your bandwidth. As we were focused on one flip we were unable to put attention towards another and there was a cost in holding and lack of action. Be realistic about how much labor you can actually put in. There is value in hiring out and keeping the project moving forward.
            
Coach's Corner – Personal Development Tip or Book or Quote
     
The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results
by Gary Keller & Jay Papasan
 

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EP028 | Property Launch Recap and Update

EP026 | Launching a Property - Part 2 (How we sold a flip in less than 36 Hours!)