Did you find the deal or *make* the deal?

[Rick Baggenstoss]

I'm interested in hearing from folks who *made* the deal great.  Now more than ever, I believe we smaller investors will have to make deals great by being more creative.  Would you mind sharing what you did to make an ok deal great?

Did you turn a 3/2 into a great Airbnb?  Add a yurt or a tiny house in the back? 

Can't wait to hear what people did! 

[Joe Villeneuve]

I stopped looking for deals when I realized what I found at those deals...all the other investors looking for the same deal.  That competition meant I didn't get any of them since I don't negotiate.

Since then, I learnt that deals come from opportunities.  The key was to train your brain to know what to look for, and your eyes to see it when you're staining right at it.

I also learnt what a deal was.  They're made up of two parts (always):
1 - The cost to the REI. Cost to the REI = cash = down payment, and any other out of pocket expense or foolish voluntary cash contribution,...like added payments on principle, etc...
2 - How the rest of the TOTAL COST was paid for by someone/something else.  These are the terms.

A successful deal is also made up of two parts (also,...always):
1 - How fast the dash flow recovers my cost
2 - How fast the free equity from appreciation equals the paid for equity (DP).
When both of these conditions are achieved, I sell...so I don't lose any money.

Best deals are using Seller Financing:
1 - Lower DP's
2 - Lower Interest rates
3 - Faster DP recovery
4 - Faster doubling of EQuity
5 - Faster turnover to profits moving forward.  This is an exponential return...and a fast one.