Patrice Henderson Victory

Designed Living Real Estate, LLC in Farmington Hills, MI

Type(s) of Victory: Other type of victory

I found a property from someone in Mastery and automatically assumed it was a good deal, ran my numbers without repairs and attempted to arrange a time to view the property. It seemed perfect for me to do a full rehab on as it was only $16k, 20 mins away from me and needed only cosmetic work (at least from what I was told). I looked on Zillow and it appeared as if the property was actually listed so I reached out to a realtor who couldn't see that the property was listed but he informed me that $1,000 was owed on the property so all I needed to know was the repairs however, without even asking he informed me that the comps I had weren't accurate and weren't good for a rehab as I would make almost no profit, or it at least wouldn't be worth the effort but for a rental it would be. I still didn't do my first deal but I'm glad I made another informed decision and I definitely learned from joining the group that I shouldn't rely on the belief that they are honest people when making deals and do my homework just as I would with anybody else.