Rich Urban reveals how he is able to steal your property deals on a regular basis
Wednesday, March 5, 2008 | | | by wealthy urban
Have you ever wondered which becomes all the spirit blowingly profitable Real Estate trafficking in your community? Well, I am "That Guy" .. Maintenance owners in distress has really become my thing because I am a system that none of my competitors was able to recognize.
It's quite simple actually, and I want to show you some of my tactics so that you too can be in a city that takes all the deals that local investors are seized.
Let me set the scene to you. Ms. Johnson, a motivated seller with only 30 days before the auction, called each investor in the city. If you had to sign a bandit or an ad in the paper, you received a call from him. Each investor in the city also figures on the operation to note that this is a whopper. The kind of market that would bring their wholesale business on cruise control for a few months. You have received this same call.
What do you do?
First, "other investors" are not relevant, because you'll be the one who closes the transaction. For me, I like to be the first at home .... I try to find out whether it is meeting with other investors and at what time, then I make sure I am scheduled for the first time ....
A number of things I would do:
1. Doing research on the property and make sure you know the neighborhood comps. Print lowest comps you can find ... bring them with you. Print up the property appraisor sheet on the property you visit. You will be established and efficient.
2. Building a report before even beginning to talk about home.
3. Focus on how you get things done quickly and easily. You're the best buyer in your area. Let them know that it can be confident that you manage everything immediately and correctly. Your offer is really the best deal for her .. May she get a little higher, but they are not experts as you are.
4. If it balks at your offer, be sure to whip these old comps and say ... "I know that Mrs. seller ... I thought I could pay more too ... I really wish I could ... ... EXCEPT one who has purchased 101 Maple Street screwed it really for us all. He paid so little that he brought all the property value. John Doe at 202 Maple Street did the same thing ... "You get the idea .. make sure you're on his team against a greater evil. In this case, neighbors that you are forced to offer a price ....:)
5. Do not leave her with a copy of your contract EVER! If you leave him a contract unsigned, it will buy your bad boy in the city so fast and all other sharks have a copy of your contract. You will be used to shoot and you do not want that. You want to be the guy who is the operation. Personally I do not leave without a signed contract .... but if you're not as ballsy as I am, you can always tell him to talk with others and give him a courtesy call before it signs with anyone.
6. Make sure you put "and / or dependants on your contract so that you can reverse the contract to another investor.
Have you ever wondered which becomes all the spirit blowingly profitable Real Estate trafficking in your community? Well, I am "That Guy" .. Maintenance owners in distress has really become my thing because I am a system that none of my competitors was able to recognize.
It's quite simple actually, and I want to show you some of my tactics so that you too can be in a city that takes all the deals that local investors are seized.
Let me set the scene to you. Ms. Johnson, a motivated seller with only 30 days before the auction, called each investor in the city. If you had to sign a bandit or an ad in the paper, you received a call from him. Each investor in the city also figures on the operation to note that this is a whopper. The kind of market that would bring their wholesale business on cruise control for a few months. You have received this same call.
What do you do?
First, "other investors" are not relevant, because you'll be the one who closes the transaction. For me, I like to be the first at home .... I try to find out whether it is meeting with other investors and at what time, then I make sure I am scheduled for the first time ....
A number of things I would do:
1. Doing research on the property and make sure you know the neighborhood comps. Print lowest comps you can find ... bring them with you. Print up the property appraisor sheet on the property you visit. You will be established and efficient.
2. Building a report before even beginning to talk about home.
3. Focus on how you get things done quickly and easily. You're the best buyer in your area. Let them know that it can be confident that you manage everything immediately and correctly. Your offer is really the best deal for her .. May she get a little higher, but they are not experts as you are.
4. If it balks at your offer, be sure to whip these old comps and say ... "I know that Mrs. seller ... I thought I could pay more too ... I really wish I could ... ... EXCEPT one who has purchased 101 Maple Street screwed it really for us all. He paid so little that he brought all the property value. John Doe at 202 Maple Street did the same thing ... "You get the idea .. make sure you're on his team against a greater evil. In this case, neighbors that you are forced to offer a price ....:)
5. Do not leave her with a copy of your contract EVER! If you leave him a contract unsigned, it will buy your bad boy in the city so fast and all other sharks have a copy of your contract. You will be used to shoot and you do not want that. You want to be the guy who is the operation. Personally I do not leave without a signed contract .... but if you're not as ballsy as I am, you can always tell him to talk with others and give him a courtesy call before it signs with anyone.
6. Make sure you put "and / or dependants on your contract so that you can reverse the contract to another investor.
