I always enter agreements with a 20 day DDI, 2-5k EM, and 30 day cash close.
If I find any issues on or before my 20 days and the seller refuses to amend… I terminate immediately and file for my refund of EM.
On the resale side, I try to control the DDI period to no more than 10 days but I...
Yes purchased for 10k, listed for 49k, and ended up selling for 64k cash no due diligence... cleared over 45k profit after the dust settled under 45 days from original signed contract
I also snagged a haunted house in Macongo historic district for 10K cash closed within 20 days.
Immediately relisted with a local agent for 49k, ended up in a bidding war and got $64k cash.
Edited to make the final statement clear, sorry.
Off market property assignments... then invest a little rehab and list within 30 days of purchase
Just finished one all in at 46k in Macongo... listed 135k and got full asking conventional loan buyer with 5k down and 3 day due diligence...
A close friend of mine hopped on cripto and after around 2 months later, somehow purchased a 2021 Dodge 2500 free and clear.
Now he’s put a lot more on the line and ended up selling the truck back to the dealership for $2k more then he purchased it for and left the lot with a Challenger lol
I find it’s best to not join the crowd... pretty much do the opposite.
Like when I told a few close friends to snag a few cases of brass 9mm fmj’s when they were cheap and stacked... they didn’t listen lmao