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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • boston, NH
32
Votes |
401
Posts

how to negotiate

Account Closed
  • Real Estate Investor
  • boston, NH
Posted

i officially said that this whole negotiating thing wouldnt get to me and i'd be able to do it easily. but it seems like its getting to me cuz i dont know what to say.

i still have no idea what i am going to say and i feel like they are going to keep coming at me with terms and im gonna be like "uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh what??"

i just dont know what i am supposed to say during the first phone call. am i supposed to set up a time and date to meet with them afterwards? how soon? i have a million questions

i feel like im just thinkin about this too much and acting like an idiot

how did you get by your first negotiation?

i dont even own a house so many "simple" terms i probably dont even know. like a holding cost

Most Popular Reply

User Stats

144
Posts
67
Votes
George Maka
  • Irvine, CA
67
Votes |
144
Posts
George Maka
  • Irvine, CA
Replied

@Account Closed

Don't bog yourself down with all these hypothetical situations. Your first goal question should be, how do I find motivated sellers. Once you find them and you find out what they're real situation is, then come back with that question. Once you're in that situation though, I'm almost positive you will find a solution, as that's how it just works.

My suggestion would be to just pick up the phone and start calling people on Craigslist, whether they are motivated or not. You'll get rejections and you'll feel stupid after a few calls, and if that stops you, then maybe wholesaling isn't for you. Bottom line is, there's no magic script anyone on here will be able to give you. It's all experience, and you'll get better over time.

As for tips on negotiating, there's a few good podcast out there. Just search the term "negotiating" and start listening.

George

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