All Forum Posts by: Joe Foss

"Make a lot of low offers and one will eventually be taken." Well yea, but it won't be the property you want. and I'm not sure how it works where everyone invests but if I did that, my reputation would be tarnished and no one would take me seriously.

and was reminded of an old story a former co-worker of mine once told. He used to take contract bids for a trucking company. On the phone he would often ask, "What is your best possible price?". The company would reply with a dollar amount. He would record the figure, proceed to phone another company, and then repeat the process. The company with the lowest bid would win the contract. Simple.

However, there's a twist to the story, sometimes a company would call him back with the question, "Did I win the contract?"

He would reply, "no, company XYZ had a lower bid"

"Well, I can do better, what did they quote you on?"

"I'm sorry, company XYZ has been rewarded the contract, that's why I originally asked for your best possible price". The conversation would often turn into a one sided yelling match by the trucking company; but in the end they would learn to respect him, and give a more competitive bid next time.

I wonder, does this work in re-estate? Can I go to a seller and ask, "What is your best possible price?" I am new to the game, and want to act with integrity. I would rather pay 2% more for a property and be known as a closer, than 1% less and be known as a sleaze ball.

Thoughts?

1 Vote

Originally posted by @Marcia Maynard:

"Cross Country skiing is too strenuous, you won't be able to do it, better stick to Downhill." - high school friend.

Not only did I take up cross country skiing, but I thrived. Went on to teach and was a member of Professional Ski Instructors of America. Owned my own ski school and did a bit of nordic ski racing. Even did the American Birkebeiner, which is the largest cross country ski marathon in North America and finished it with a smile.

I have to agree. Cross country skiing is one may favorite recreational activities. I've been cross country skiing since I was 4 years old. Joined the Nordic Ski Team in High School. And still ski today!

0 Votes

I am a millennial and a college drop out. Well, drop out may not be the correct term. I truly believe one is never too old to go to school. I'm sure I'll return some day. Not sure when.

Anyways, I took a break from school to take advantage of the boom going on in North Dakota. It's been going well, and I'm making more money than I would if I had graduated and took an entry level job. The point is, millennials will do just fine if they have the right attitude and are willing to adapt there lifestyle. I know many friends & family who are doing much worst than I am doing. The problem is, they aren't willing to change how they live.

3 Votes

All Forum Posts by: Joe Foss

Joe Foss has started 3 posts and replied 13 times.

Post: How do you present yourself?

Post: What's the worst advice you've ever received?

Post: Forbes say Millennials are going to have a tough time...