Most people aren’t trained to look for opportunity. They are taught to do things a certain way and follow that "formula." Many years ago, I used to spend so much time building spreadsheets to analyze properties that would give me ultimate information that I thought I needed. The problem is those spreadsheets didn’t make me a dime to feed my family. I have found that people who love building spreadsheets are wasting time doing what they like to do instead of looking for deals that has a chance to make money to pay their bills. If you spend time doing everything except what you need to do, you’ll never be a successful real estate investor.
For those who want to be able to make deals without having to get financed through a bank, there are different ways to do this On this episode, I share the steps every investor should take in order to never step into a bank.
When learning how to negotiate, there’s a very important lesson. You need to know how to talk to people. Every day when you get up and run your business, everything is a negotiation. Even though this is a lost art, you must learn how to build a rapport and bond with a seller.