One of the biggest reasons most real estate investors aren’t doing more deals is simply because they don’t know the correct questions to ask every seller. Today’s podcast goes over several of the pertinent questions every investor must have answers to if they want to create the very best deal possible.
Without the answers to these questions the investor is guessing at how to present an offer that will work for the seller and also be good for the investor. The problem, these questions are not on a real estate agent’s listing sheet. Listen closely and memorize the questions you need to ask every seller to be able to do profitable deals.
One of the biggest reasons I believe many investors fail to create the most profitable deals is because they don't think about every aspect of each property before making an offer to purchase it. If you don't go through the five steps of analyzing each property before making your offer to buy, there is no way you can be sure what you are offering will be the best offer you can make.
Today's podcast walks you through the thought process every investor needs to commit to memory. Listen to what you need to look at before ever making an offer to buy.
Over the years of sitting at hundreds of kitchen tables I have learned that understanding the mindset of sellers and what they really want is of the utmost importance.
Today’s podcast talks about how to find out what the sellers want and figure the numbers of every property to make sure you structure offers to give the sellers what they will accept in a way that makes sense and everyone wins.
Today's podcast talks about how all too many investors waste their time building spreadsheets trying to determine what the Internal Rate of Return of each property will be, instead of how much NET PROFIT they will get if they purchase any property. You must remember, to find the amount of net profit is based only on the amount of the investor's cash they invested in each deal. In the early years of your investing career forget the Internal Rate of Return and focus more on how much net profit you end up with after expenses to pay your monthly expenses.