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Hey, everybody… how you doing? REI In Your Car.

I’m just coming back from the 100th PGA Championship. It’s being played in St. Louis this year, which is pretty exciting whether you’re a golf fan or not.

We’re still talking about Win Win Win Deals. This podcast is Part 2, and I want to talk about creating wins for buyers… both investor buyers and tenant buyers.

First things first… on any deal, always tell the truth. Set a fair price on every property. Tenant buyers should be able to afford the rent on the house and qualify for a mortgage in the next 1 or 2 years.

Make sure buyers, both investors and tenants, get a professional inspection done. It’s the only way to avoid surprises.

Use a 3rd-party escrow service to collect the option deposit and the rent. Then you can step away and still be sure it’s handled correctly.

Creating a Win Win Win means a win for you, the investor, too. We’ll make that subject Part 3 of this episode.

Remember, every single time, make every effort to set up the deal so that participants feel like winners when it’s done.

Listen and learn…

What’s inside:

  • How to under promise and over deliver
  • Importance of disclosing everything you know about the property
  • How to ensure tenant buyers really want to (and can) buy the house
  • Are you winning, i.e.,  making enough profit per deal

Mentioned in this episode:

Transcription:

Download episode transcript in PDF format here…

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