A few years ago, I walked into the office and all three of my acquisition’s reps were staring at comps.
I knew instantly that we were in trouble!
Spending more than a few minutes comping is a clear indication that you’re trying to justify over-paying for a property rather than making the seller a low offer.
I’ve seen this time and time again with acquisitions reps.
In today’s NLREI podcast episode, you’ll learn one of the most important lessons in acquisitions, which is when in doubt, just lock it up low!