All Forum Posts by: Tristan Chicklowski

Originally posted by @Brant Richardson:

What's the least you'll take for it? - Offend them and they will give it to somebody else, anybody but you.

"If I could pay cash and close at a date of your choosing what is the best price you could offer me?"

Asking "If" means your not committing to anything and by offering them and easy close when they want it. Tells them that you want to work with there situation and for that your asking what There best price. Your using a positive word that gets you a lower price.

Tristan

I like address and email (great free follow up method)

I try to find the What, Why and When.

What: "Tell me alittle about the property." (a million ways to ask this none are wrong if you ask with genuine concern) Most people can't talk about there home without talking about there lives. So you are learning about the house condition and maybe the motivation.

Why: "What's the reason your looking to sell your house? " This is a direct way of determining motivation.

When: "If we could pay cash at a price that works for you when would you want to close?" if they need to sell yesterday that's built in motivation.

Good luck and go get it!

Tristan

this is less about how much you need and more about not wasting what you do spend. To that end, anyone worth contacting is worth following up with.

Note (excell) everyone you call and follow up with them. If I talk to someone on Craigslist I send them a yellow letter / postcard till they sell it or ask me to remove them. If you get there email address I do the same.

If you are consistent, less than $500/month can get you going. Always follow up! So many leads won't reach out to you untill the 5th contact.

Find your budget. Write down your plan. FOLLOW THE PLAN!

It may be 30 days or 6 months for your first deal but it will come.

Go luck and go get it!

This is an old city that is in a bit of a rut, I would say we need good long term investors (less slum lords). We also have many areas in the greater spfld area that are rip for the picking!

Welcome from this side of the pond!

Welcome to BP!

Get advice from someone that has done that type of partnership. Don't ignore those the investors that have horror stories (failures) but learn from the mistakes they made.

Find someone that is willing to partner then have an attorney write up a contract that covers everything that could go wrong and whose is responsible for it.

If the numbers right, the only mistake you can make is not trying all viable exit strategies.

You want to touch them 5-7 times. Three contacts is a good start but if there situation changes in 6 months of your first mailing. Contacting them more will also show that you are not some fly by night investor.

Good luck!

I use quill.com Wedding invitation style, sorry I forget there proper name. Good luck!

Why are your buyers walking away. Require them to give you an answer. Any professional investor will know why he is pulling out. If they don't know why maybe you shouldn't be working with them. Once you have the "why". Go back to the seller and renegotiate with them. Let them know you don't want the deal to fail. It's not you canceling the contract, it's the market. When you sit down to renegotiate. Remember it's not you vs them. It's both of you vs the market. Your still trying to solve there problems. When you a price reduction or more favorable terms (maybe both!) then your original buyer has no excuses. If they still decide to walk you know have an even better deal for a real buyer. Hope this helps. Tristan.