BLOGS
Why The Most Natural Way To Do Deals Is The Most UN Natural Way
Aug 28, 2018
If you have been a real estate investor for a while you see how things have changed.
You see people chasing the same deal, turning in multiple offers on the same beat up fixer upper and justifying it as “ the market” and after a year of that...
they quit the biz.
i learned that the most natural thing to do is ...
well, I should tell you this part first.
I learned it when I went back as an alumni on How buying apartment buildings seminar.
I had my name plastic tag on with the little rockers on it...
my seminar bag with all the extra shit, clappers, mini foam football and tons of BS they give people to milk more money out of the newbees CC cards..
FYI, I have bought A LOT of stuff from events ( so I aint judging, worth every penny)
HELL MAN, I even sat in the alumni section and all
(I felt all cool lol )
They asked who had closed a deal “ please stand up”
I was like OH SHIT, I DID! And I stood up out of about 300 people or so maybe 2 or 3 other...
One Mistake Even Experienced Real Estate Investors Make
Aug 27, 2018
The biggest problem real estate investors make is taking down the wrong deal.
As investors, we have 1 job - (2 really)
Do the right deal.
As renegades, building legacies we have 2
(2 is make money)
Too many times you can accept the wrong deal.
I have done that a lot.
One time I took a tri-plex that had a LOT of shit going on.
It had section 8 fraud going on.
The seller was taking checks for a unit that was occupied by someone else because the section 8 unit wasn’t gonna pass (the guy didn’t want to fix it).
It was in the HOOD and needed a shit ton on rehab work! (even I was like oh shit this is a rough place lol)
Shit was literally everywhere.
Actual shit!! The walls and everything.
People that looked homeless sleeping in the garage, kids covered in flea and bed bug bites ... (poor things).
The property was 6 months behind in payments, and going to foreclosure sale.
I knew that taking this deal based on NEVER doing a deal that has...
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