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Episode 250 – Selling at a Loss

Raise your hand if you’re interested in selling your properties at a loss.. Go ahead, we’ll wait.. Nobody?? Hmm.. That’s odd. I mean, who wouldn’t want to put all their hard work, time and money into a property and then sell it for less than you have in it? It does happen though. In our experience with land it’s very rare but it does happen. You don’t pout, give up or move onto a new business though. You learn from your mistakes, knock the dirt off and get back out there. If you’re smart you’ll not only make a profit on your next property but you’ll make back the loss you had. That’s what today’s show is about. Letting go of the losers and making money on the next deals. We hope this doesn’t ever happen to you but it could so we hope this episode is a reminder that it isn’t the end of the world.