How Much Do I Pay for a Deal?

If I had a nickel for every time I get asked this question… well, you get the idea. The real question isn’t “How much do I pay for a deal?” Rather, it should be “What’s the most I can pay and still make a comfortable profit?” I’m sure you, like me, are always willing to pay less, so the real key is knowing your “walk-away-and-look-at-the-next-deal” point. Bid any more, and the potential profit is no longer enough to keep your interest. We’ll call this your Maximum Bid Price, and heck, let’s go … [Read more...]