20-30% Rule

[Ariel G.]

Hi Brandon and everyone.

Regarding "The Ultimate Begginer Guide to REI"' 30% rule , or Brandon's "7 years to 7 figure wealth" plan proposal of a 20% discount offer, what do you think according to your experience:

1. What's the realistic amount, 30%, or 20% discounted offer you should try?

2. I feel BAD by offering that, I know that it's the amount that would work for me, or else maybe he wouldn't be able to sell, that's the reason he would consider me instead of having his house not sold (Or else he would hace other better offers for his property and send me away?). Is this the mindset that allows you to sleep well after a purchase like that that obviosuly seems like from the outside to be killing the other guy, or are there any other ideas?

3. Finding these deals, means finding a very bad condition property that is expected to grow in value a lot after fixing right? Or else I don't know who would want to accept my highly discounted offer if it was a desirable property.

5. Any book you would recommend specifically on the subject of finding deals?

Thank you all.

Ariel.

[Bill Gulley]

I think it's simplified eye catching stuff that adds content to for those that don't know much about real estate to make them feel like they are learning something. The Guide is just that, an introductory guide, nice presentation that adds sizzle but there's not much meat, I don't think it was meant to provide much meat as you are then off to other materials to "learn". 

Now, I like Brandon, really don't like to call him a guru, but perhaps a marketeer of site topics to enhance BP, that sounds better than guru. (LOL)

In some markets, you'd be laughed at making a low ball offer, to me that isn't real estate it's simply a predatory attempt to steal equity. That's what operators do that don't really know real estate, can't understand the market or use a calculator, it's simple stuff for the simple minded. 

I just advised a friend to buy a place a $1,000 over list from the seller's counter offer, it's worth every dime and with some shine on it, probably could sell for 12-15KL more The price is 118K. Just saying, you need to learn real estate before trying to deal in real estate with guru rules or short cut methods fired from a shotgun. 

Doing things the right way will let you actually buy more houses while others are licking stamps and wasting ink. A little bit here and there adds up, that can be more than the killer deal you find twice a year.......just saying! Good luck :)