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…
- 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:
- Joe’s podcast on iTunes: Real Estate Investing Mastery Podcast
- Podcast Hotline: 636.255.8815
- Joe’s new [free] book: Wholesaling Lease Options
What are you thinking?
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