Shorts
They Had 65% Odds on a Land Deal and Walked Away. Here's the Data.
REtipster evaluated a roughly $70K lot near a Texas metro with 60 to 70 percent odds of netting $20K and passed: active listings up 238 percent, days on market pushing 100, price forecast down 6.3 percent. Underwrite the market, not just the lot. Text LAND to (307) 337-9113 for price drops and new lots.
Transcript
Almog, when do you walk away from a deal that looks good on paper? When the market under it is moving. REtipster's case: a seventy thousand dollar lot near a Texas metro, sixty to seventy percent odds of netting twenty grand. They passed. Why pass on those odds? Active listings went from forty-four to a hundred forty-nine, up two hundred thirty-eight percent. Days on market pushing a hundred. Price forecast down six point three percent. Good odds on a lot you can't exit are not good odds. Underwrite the market, not just the lot.