Seeking Private Money: Here’s Who To Borrow Private Money From – Street Smart Cash Flow Accelerator #32

Borrow private money from folks who are not in the business. Let me tell you what that is. Basically a lot of folks that are close to real estate, also understand money and they understand interest rates and they understand the power of that and they understand just how much profit you can make by allowing them allowing you to borrow their money. Typically when you’re close to real estate, you’re actually paying more for the money if you’re borrowing it from another real estate investor or if you’re borrowing from a private money lender that’s affiliated or associated with real estate.

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A Foolproof Tool that Show’s the Seller Your Offer is Generous – Street Smart Cash Flow Accelerator #31

Show the seller what it will cost them to sell their home the traditional way or the typical way. All right, when I’m making a presentation to the seller, one of the things we do is a thing called a cost to sell worksheet. We actually share with the seller what those costs are. We talk about the real estate commission. If they were to list their home, we talk about closing costs, we talk about repairs to the property, all the different aspects of what it will cost them to sell their home, and if they were to move. Let’s say they’re being transferred to another state, then that’s another cost that has to be considered as well.

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What Makes Sellers Beg to Let You Sell Them Your House? – Street Smart Cash Flow Accelerator #30

What Makes Sellers Beg to Let You Sell Them Your House

101 Street Smart Cash Flow Accelerators #30

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Ask Questions – Don’t Talk – Street Smart Cash Flow Accelerator #29

Ask Questions – Don’t Talk

101 Street Smart Cash Flow Accelerators #29

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Real Estate Close: Negotiating Tip

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Real Estate Close: Negotiating Tip
When negotiating, know all the items you can give up on before you proceed.

101 Street Smart Cash Flow Accelerators #28

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When Negotiating, Know All The Items You Can Give Up On Before You Proceed – Street Smart Cash Flow Accelerator #27

Today’s tip is number 27. No, all the items you can give up on before you proceed. Now let me tell you why that’s so important because as you’re going through the home, there’s gonna be certain things that you’re going to see and if you are going to give up for example, on repairs, then you want to know what the repairs are going to be and it’s good to have a list of things that you can negotiate on such as, uh, the seller may have an existing loan and you would love to take over that existing loan.

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Negotiate Based On Your Sellers Personality Type – Street Smart Cash Flow Accelerator #26

Today’s tip is number 26 figure out the personality type you are dealing with and negotiate accordingly. Now what do I mean by that? So you want to listen to people. Listen, even over the phone you can discover what personality type you’re dealing with. Now there’s four basic personality types. Of course there’s iterations of this and everybody’s got all four personality types. But the important thing to learn is that there’s four basic personality types. A that means bottom line oriented. They’re not interested in your conversation. They just want to know how much you’re going to pay him for the house. Well you don’t know yet. And so you got to deal with and overcome that personality type B, they’re all about the looks.

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Don’t Talk Your Way Out of A Deal – Street Smart Cash Flow Accelerator #25

Today’s tip is number 25 all right, shut up. I don’t want to scare you, but that’s exactly what I want you to be thinking of like somebody like Lou Brown was just shell yelling at you. Shut up, shut up, shut up. Now here’s what it says. It says, let the seller talk. Listen, they’ll tell you what they need so that you can buy their house. Now, this is why it’s, you know, it’s amazing. I watched so many real estate investors over my years, of course, I’ve been doing this over 40 years and I’ve learned a lot of things about how people learn, how people interpret things, how people act.

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Show The Seller Of The Home Or Property The Benefits Of Doing Business With You – Street Smart Cash Flow Accelerator #24

Today’s tip is number 24 show the seller how you are benefiting them. Now, this is so important because many times sellers really don’t appreciate some of the things that you’re bringing to the table. One of them is that you can close quickly. Now that can be very valuable to a seller, so you want to contrast that. Well, of course, Mr. Mrs. Jones. You have an opportunity now to go ahead and put your property on the market with a real estate agent and they’re going to tie it up typically for at least six months. Most real estate agents won’t even take a listing for three months. They only want six months or even longer, and in fact, if things don’t work out, they’re going to ask you to relist the property.

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Get All The Issues Uncovered Before You Make An Offer – Street Smart Cash Flow Accelerator #23

Today’s tip is number 23 it’s about negotiations. Get all the issues covered before you make an offer. Well that’s so important when you’re putting a deal together. Sometimes you negotiate one part but you really haven’t gotten all the pieces put together yet. So you might’ve gotten agreement over here and then you have to bring another issue to the table and you have to get agreement on that. And then there’s another issue and you have to get agreement on that. So what I suggest is before you close, before you actually agree, say, okay well we can take that under consideration. What else do you need to hear about? Or what else is of concern to you? And then you put that back to the seller and they say, well I don’t have anything else.

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