SFREI #3: Why Thoughtful Real Estate Entrepreneurs Buy Property Directly From Sellers
50m
·
Racking Up Rentals
·
Thoughtful Real Estate Entrepreneurs insist on buying properties directly from Sellers...rather than through agents. In this episode, host Jeff explains why. The focus for Thoughtful Real Estate Entrepreneurs is creating agreement with Sellers, by crafting and delivering thoughtful purchase proposals that are as perfectly crafted and tailored to the Seller’s needs as possible. It’s impossible to accomplish this without knowing your audience extremely well, and having a high-definition picture of who they are and what they are trying to accomplish. Jeff provides a real-life example of a deal he did where these principles were in play and resulted in an excellent outcome for both Seller and Buyer.
The episode SFREI #3: Why Thoughtful Real Estate Entrepreneurs Buy Property Directly From Sellers from the podcast Racking Up Rentals has a duration of
50:00. It was first published
More episodes from Racking Up Rentals
You Don’t Actually Invest In Properties
We think of ourselves as real estate investors. That means we invest in properties, right? Not so fast. It may be properties that we buy, but it’s not properties we actually invest in. In this episode, Jeff explains that the investment we’re making is not in the property, because the property is just the investment vehicle. Rather, the investment is in ourselves and our ability to take a property and make it into a winner. This important reframe can change your perspective on what you’re doing and can empower you to further invest in yourself.
Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com
Don’t Underthink It
There are certain decisions we must make in life and business that we recognize as being big and important decisions, and we allocate much time and energy to them. There are other decisions we must make that seem small and insignificant; in fact, sometimes we don’t even realize they are decisions at all, and to these we allocate very little time and energy. In negotiation, though, the seemingly small decisions can be of large importance, and it’s critical that we give them the thought and consideration they deserve. In this episode, Jeff provides a simple and common example of a seemingly small decision that represents a bigger point in a negotiation, and encourages listeners to not underthink the right way to handle it.
Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com
From People Come Numbers
Most real estate investors have been taught to focus on numbers, numbers, numbers. And numbers are indeed very important, but numbers without CONTEXT are meaningless. In this episode, Jeff explains the expression “from people come numbers,” and discusses how people are the needed CONTEXT, while numbers are the needed CONTENT. Without understanding the context (people), we can’t possibly negotiate the best and most optimized deals.
Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com
Client Case Study: Pasha Buys Four Off-Market Duplexes at Once
Often times the best way to learn is to hear the real life deal stories from other real estate investors doing great things! In this episode, Jeff interviews The DEALS Workshop and coaching client Pasha, who purchased four off-market duplexes at once, all from the same Seller! Pasha tells the story of how the lead originally started, the hurdles in the negotiation and how he conquered them, how we ultimately financed the acquisition and what he learned along the way!
Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com
The #1 Most Important REI Skill
There are many different things a real estate investor must know about and be able to do. From deal analysis to understanding construction to having property management knowledge and beyond, there’s a lot to learn and know. But there’s one skill that rises above the others. In this episode, Jeff explains a huge irony for most real estate investors: the desire to seek financial independence through real estate, but the dependence on lenders, appraisers and others in doing so. Jeff shares the #1 most important skill that can be cultivated to create true independence and why it’s so important.
Learn the art of buying properties off-market with Seller Financing using the power of Relationship Capital in The DEALS Workshop: http://www.thedealsworkshop.com