All Forum Posts by: Matthew Paetz

Ali-

Was there anything you could share? Looking back where there any signs that you didn't catch?

I think that is a very basic but, powerful point. So so many people who are involved in this business ( any business for that matter) are bluffers. It can be very discouraging as a newbie if every time you try to work a deal or just get the ball rolling the person on the other end can't perform. Unfortunately there are some very good "salesman" in this business.

Let's take this post further.

What is some advice for a newbie on how to detect who is just talk or who is real?

What are some of the things that you have learned along the way that you wish you had known when you started?

My goal is for this to help many not just myself.

Thank you Jon.
Is there a way that I could have moved it after I posted it?

Perhaps I should have posted this in the RE guru forum. My apologies...

I am seeking recommendations for good speakers or seminars that are solid investments of time and money!

Topics of interest are psychology and selling/closing techniques.

Thank you!

Nick,

Some of the best deals out there have never been listed on any MLS. I would suggest building relationships with asset managers at a couple different banks. You should also build a strong relationship with a couple investors who invest in the price points you're interested in and ask as many questions as you can think of.

I'm also curious to know what kind of properties are you looking for? What is a good deal for you?

I've found that the best site to answer all my questions is: neighborhoodscout.com

I recommend this to everyone.

Whether you're brand new or a vetran, I think the most important thing to understand in the neg. is your bottom line. Make sure it is withen reason and you're not making yourself look green. Also, always look at the deal from their point of view. If you know what they want you can become creative and figure out what you can give in order to satisfy both parties.

What are your thoughts?

This is good advice. What I've learned to do when I'm discussing a potential deal with an investor is ask them what do they consider a good deal? If they're are using a certain formula to figure the numbers I'll ask for an example, even if I understand it I may ask just to make sure that lines of communication is clear from the jump.