How To Land More Deals As A Real Estate Investor How To Land More Deals As A Real Estate Investor

0 comments / Posted on by Steven Rivera

How To Land More Deals As A Real Estate Investor

A lot of investors we talk to say that they have trouble getting deals. Through talking to them we have realized some of the key issues that people are having. So if you would like to land more deals then I would suggest you to continue reading.

To start off simple the answer is offers, offers, offers, and more offers. 

People are taking too long to analyze a deal, putting so much time into it when you don't know if they're going to entertain your offer. Do your research, run your rough numbers, and if there is potential make an offer and move right to the next prospect until you hear back. Remember it is best to use cash but that does not appeal to every single buyer. 

Which brings me to my next point.

Money talks. be confident in your all cash offer. Your all-cash offer gives you a lot of buying power in certain situations. Mainly people who need to close fast. Using cash eliminates the bank and mortgage companies so you can close in a fraction of the time of a conventional mortgage. 

Going back to offers it's all about the law of numbers. It's a tough market so if you are only putting in a few offers chances are most of them are going to get declined or you are going to make a bad investment and buy too high. This pertains especially to the long island market. The key to making a ton of offers is having a good real estate agent on your team. 

Overcome Fear

It is a seller's market. Don't be afraid to be making offers that are way below asking. It is ok to get denied. You aren't hurting anyone's feelings by offering way below the asking price. Getting told no is all in the fun because you will get the one accepted offer that was worth filtering out and moving on from the rejection. Every rejection you get, you should put in two extras for. Before you know it you'll have more properties then you know what to do with. 

 

If you have any questions send us a message on Facebook

 

 

A lot of investors we talk to say that they have trouble getting deals. Through talking to them we have realized some of the key issues that people are having. So if you would like to land more deals then I would suggest you to continue reading.

To start off simple the answer is offers, offers, offers, and more offers. 

People are taking too long to analyze a deal, putting so much time into it when you don't know if they're going to entertain your offer. Do your research, run your rough numbers, and if there is potential make an offer and move right to the next prospect until you hear back. Remember it is best to use cash but that does not appeal to every single buyer. 

Which brings me to my next point.

Money talks. be confident in your all cash offer. Your all-cash offer gives you a lot of buying power in certain situations. Mainly people who need to close fast. Using cash eliminates the bank and mortgage companies so you can close in a fraction of the time of a conventional mortgage. 

Going back to offers it's all about the law of numbers. It's a tough market so if you are only putting in a few offers chances are most of them are going to get declined or you are going to make a bad investment and buy too high. This pertains especially to the long island market. The key to making a ton of offers is having a good real estate agent on your team. 

Overcome Fear

It is a seller's market. Don't be afraid to be making offers that are way below asking. It is ok to get denied. You aren't hurting anyone's feelings by offering way below the asking price. Getting told no is all in the fun because you will get the one accepted offer that was worth filtering out and moving on from the rejection. Every rejection you get, you should put in two extras for. Before you know it you'll have more properties then you know what to do with. 

 

If you have any questions send us a message on Facebook

 

 

0 comments

Leave a comment

All blog comments are checked prior to publishing