Your lowball provide may appear offensive to most sellers. However, when phrased and timed appropriately, you’ll have the ability to lock down actual property offers on the excellent worth, generally with out the vendor even figuring out it. Sadly, most actual property traders make a MASSIVE mistake when negotiating. Too typically, they ask for all the things they need when making a suggestion, not figuring out there are methods to get a good higher worth in a while. Need to see how this sneaky type of negotiation works? Stick round!
We’re again with our actual property mentees as they get one step nearer to purchasing their subsequent property and constructing their dream actual property portfolio. First, we chat with Philip, who misplaced out on the proper deal however now is aware of a greater strategy to get properties beneath contract. Then, Danny joins us as he stays on the hunt for a multimillion-dollar multifamily however is struggling to search out moderately priced properties in his space. Lastly, Wendy is on as she debates which of her leases have one of the best medium-term tenant potential. She additionally dives into a brand new market that may very well be excellent for her high-cash movement home hacking technique.
We additionally get deep into the mindset of those intermediate traders. We’ll discuss why it’s so arduous to let go of an excellent deal, tips on how to systematize your studying so that you’re always leveling up your abilities (even throughout a busy day), breaking by means of evaluation paralysis, and why your limiting beliefs are sometimes unfaithful. So if you wish to tee up your subsequent actual property deal like Philip, Danny, and Wendy, tune into this episode!
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Be aware By BiggerPockets: These are opinions written by the creator and don’t essentially characterize the opinions of BiggerPockets.