OfflineI tell everyone I run into that now is the time to buy real estate. I try to create a sense of urgency because there may never be a better time in your lifetime to buy real estate. I tell all my friends that there are going to a lot of millionaires created in the next few years because of this real estate "BOOM". Yes I said "BOOM". I just keep shaking my head at how the banks are just giving real estate away. It is unreal. I say "BOOM" because if you are an investor you get to play "lets make a deal". Only this is the real thing. One question I get asked a lot is "how low of an offer do you put in?". I like to put in offers at 30%-50% below value. That way I am safe on the price I paid and the cashflow is good and the opportunity to resell and make a profit increases. Many people say (even realtors) "that offer just seems to low and I don't want to offend the owner". Listen, many times the owner is a bank so they are not going to get offended, and other times the owner is the person actually living in the property. They, many times, are just happy somebody walked through their property and put in an offer. And yes, you will offend some people. Let me tell you how to handle that. MOVE ON TO THE NEXT PROPERTY! Don't worry about it. It isn't personal. Just move on. I put in so many low offers I am immune. I don't care what they think of me. They will get over it. You have a business to run. It is a business decision. The window is open but, I can already see the signs of it starting to close. We have a few good years left before it will be closed and it will be back to business as usual. Take your chance. Go out there and get it done. Every answer you will ever need is available here. If your broke that is OK. You can still get it done in a big hurry. Dean is on the leading edge with new innovative ways to make money without money. Stay tuned but don't wait. Do your research and get started.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Seize the moment! Now's the time to do it! Thanks for keeping us motivated!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Each time I read one of these posts I get encourage to put the fears aside and "TAKE ACTION". I must strike now while the discounts are out there! Thanks for the pep talk!!!
I just had to sit down with my real estate agents to let them know that my offers were going to start getting much lower. The reason is that my offers are getting accepted without being countered first. That is great in a way but, I like to find out where the borttom is. Keep making lower offers until the you establish a market mean.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Wow, that's pretty shocking! Sure, I agree... You should go lower, you never know if you don't try!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Thank you for pushing us all to do better, and for keeping our focus on what it is that brought us to the site.
We don't want this window of opportunity to pass us by!
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
hi i am from brooklyn new york and i will like to know if it is a good idea to invest in malboro ny like dean graziosi did because i am now getting started investing in real estate
when ever i make an offer, now this goes for other things in life too, like buying a car, even buying sneakers too, i never pay retail, ever! but, like cbr said when you put in a offer that you think is low, but gets accepted anyway without a counter, it makes me feel as if i "left money on the table", meaning i could have made a better deal, "the seller would have went lower", SULLY.
YOUR HERO, SULLY
CBR, i'm with you man!! I get CRAZY looks from realtors when i submit my offers. Some of them won't even take it to the owners. So what do I do, go to the owner
. It is a buyers market mostly right now, it's been stated here, Dean's said it...now is the time to be buying and creatively thinking about ways to acquire real estate...
Basic breakdown of my deal making...
1) Find property (REO,FSBO,Agent listing [MLS])
Go home
2) Search County tax records
3) Contact listing agent/owner
4) Schedule appointment
5) Find out what owner owes, assess their desire to sell/situation
6) Get COMPS!!!
7) Visually inspect property, take notes on repairs/estimates
9) open my spreadsheet for all my opportunities/potentials
10) Start plugging numbers in...
This is the longest part. Take your selling price - current market value(based off of comps and other internet tidbits for the area) * .20 to .30 - repair costs. That's my offer. I have enough room for adjustments based on the strategy i'm going to be using with the property. That's how you measure your flexibility in what you can counter or accept as a counter. at least for me...
i may have left some stuff out, but that's my quick and simple 10 stepper into making an offer.
a very good post that needs to be brought back to the surface as well. It just gave me the motivation to go out there and talk to FSBO's.
Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
Visit my website:http://qchomebuyers.weebly.com/
Visit My Facebook Page: http://www.facebook.com/#!/qchomebuyer
Visit My Linkedin Page: http://www.linkedin.com/pub/the-1-fast-ca-h-home-buyer-in-the-qc/28/b79/...
"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~