Ep 16: How Saying "NO" Saved Me $15,000

In this episode of the Properties to Profits podcast, I share a powerful story about the importance of saying "no" and how it led to an unexpected $25,000 profit in my real estate business. I dive into a recent experience where I prioritized time with my daughter over a seemingly lucrative deal and how that decision ultimately paid off in more ways than one. You'll hear how we managed a challenging situation with a difficult buyer, the steps we took when the original deal fell through, and why having access to capital is crucial in the wholesale business. If you've ever struggled with balancing work and personal life or wondered how to handle pushy buyers, this episode is for you.

Timeline Summary:

[0:00] - Introduction

[00:21] - Introduction and setting the stage: How saying "no" saved me $15,000.

[01:05] - Personal story: Prioritizing time with my daughter and the boundaries I set.

[02:10] - The deal: Assigning three properties and the issues that arose.

[03:26] - The challenge: Dealing with a problematic buyer and an untrustworthy lender.

[05:00] - Decision time: Walking away from a $50,000 deal to protect personal time.

[05:37] - The outcome: Turning a potential loss into a $75,000 profit by taking the properties to market.

[07:16] - Lesson learned: Why saying "no" and having cash on hand are game-changers in real estate.

Closing Remark: Thank you for tuning in to the Properties to Profits podcast! If you enjoyed this episode, please subscribe, share, and leave a five-star review. Don’t forget to share this episode with someone who might benefit. Until next time, keep turning properties into profits!