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Property Investing Secrets 8
Property Investing: A Buyer's Secret Weapon When Purchasing Real Estate My friend, Roger, does property investing and is a licensed real estate agent. Recently he looked at a property in another state that was probably worth $225,000. After some rapport building, the agent told him that he may be able to purchase the property for around $200,000. Roger loves property investing and he follows fundamental rules like doing his home work. He still thought the property was expensive and did not pursue it further. About a month later, Roger received a call from the real estate agent. The agent said that the seller would probably now accept about $180,000. The agent explained that the seller had paid about $180,000 for the property eight years earlier and he just wanted to get his money back. Roger was surprized that the seller had not factored in costs of ownership. It also happened to be April Fool's day and Roger sometimes he has an off beat sense of humour about property investing. He said to the agent, look tell the seller I'll pay $150,000. Roger also said he would sign a contract now and fax it to the agent immediately. After that was done the real estate agent rang him back the next day and said, "I can't believe it....you've bought the thing. Had I known he would have taken that price I would have bought it myself!" There are a couple of lessons in this example. First do your homework when you're property investing. That means you know where bottom of the market it is-before you meet the real estate agent. Secondly, do some rapport building with an agent. Now some of you may be wondering how Roger could make an offer of $150,000 to the agent. Roger presented himself as a serious buyer. Roger's secret weapon was that he didn't care whether he purchased the property or not. In fact when property investing he never gets emotionally involved. He told me he'll make an offer on a property, not caring whether he owns the real estate. This is a secret weapon of many accomplished property investors-thought at times it can be difficult to put in practice. I've found when property investing that if a seller wants to sell to me today, when I make an offer it's the best I can do on that day. Just as Roger's best offer was $150,000. More often then not, this strategy will enable you to purchase property at a discount. Bottom line it's important not to get emotionally attached and chase real estate. Rick Otton is the director of We Buy Houses Pty Ltd. He has been property investing full time for 14 years. Rick has completed over 351 property transactions in Australia and the United States. Rick specialises in creating positive cash flow through a variety of strategies he perfected in the United States and adapted to Australian conditions. He sells home study courses on vendor finance, one year mentoring program as well as a yearly 3 day boot camp on the Gold Coast. Go to http://www.rickotton.com for more property investing information ring 1800 003 588 in Australia.
MORE RESOURCES: Broncos connected to real estate purchases around Burnham Yard, potential stadium site The Denver Post Small real estate investors reach record market share, now dominate 59% of investor purchases Fox Business One of Frank Lloyd Wright’s earliest homes — and the only of its kind in Indiana — has listed for sale New York Post Real Estate Transfers ~ May 30, 2025 The Bedford Citizen Real estate brokerage eyes move to Salesforce Tower Crain's Chicago Business Startup aims to bring assumable mortgages to the masses RealEstateNews.com After 50 years of blazing a trail for women in real estate, a Hampton Roads magnate retires The Virginian-Pilot Household Real Estate Asset Value Falls to Start the Year Eye on Housing Attorney General Jeff Jackson Frees North Carolinians from Predatory Real Estate Agreements NCDOJ (.gov) Lynn Goessling Talks Real Estate Trends in St. Louis Business Journal Armstrong Teasdale MV Realty update: Listing agreements terminated in Florida RealEstateNews.com Interview: Heidi Addo, vice president, Michel Commercial Real Estate Finance & Commerce SDCERA commits $250m to real estate fund Private Equity Real Estate | PERE Real estate news: Tesla Collision Center property in Irvine sells for $21M Orange County Register Former GE Headquarters Site in Fort Point Sells for $57 Million Amid Struggles in Lab Real Estate Market Boston Real Estate Times Licking County real estate transfers for May 26-30 hit nearly $1.5 million in Pataskala The Newark Advocate EG Real Estate: 11 Sold & 13 Open East Greenwich News 4 rate-lowering strategies to share with buyer clients RealEstateNews.com Q&A: Colliers’ Devon Dvorak builds career in multifamily real estate Finance & Commerce Tech Bytes: reAlpha enters a new market, eyes national expansion RealEstateNews.com Home equity dips $4K as prices slow, costs climb RealEstateNews.com TCRS commits $150m to real estate fund Private Equity Real Estate | PERE Archie real estate platform wins Delaware EDGE grant Cape Gazette The Best Real Estate of the Year, From Merv Griffin’s La Quinta Estate to a Historic Oxfordshire Manor Robb Report Aleut Real Estate breaks ground on hangar facility at Pryor Field Business Alabama Magazine New Perspectives: Cheers! | Real Estate Insights Piedmont Exedra Related Beal Celebrates Topping Out of Leiden Center II at Innovation Square in Boston’s Eastern Seaport Boston Real Estate Times Kevin Joyce Talks Residential Real Estate, Mortgages & Opportunities For Sellers & Buyers Rockland County Business Journal Brooklyn BP Antonio Reynoso has taken cash from real estate interests despite pledge New York Daily News MassHousing Announces Expanded, Statewide Down Payment Assistance Program - Boston Real Estate Times MassHousing Announces Expanded, Statewide Down Payment Assistance Program Boston Real Estate Times Matthews Real Estate Opens San Francisco Office Connect CRE Galvanize Real Estate Buys Maryland Industrial Portfolio CommercialSearch Invesco Real Estate Provides $355M Refi of 24-Asset Industrial Portfolio Commercial Observer Real estate transfers in Hancock County for May 2025 Muddy River News The million-dollar real estate listing that started a historic Detroit gentrification debate modeldmedia.com $28.2 million record home sale in West Palm Beach at 3030 Washington Road The Palm Beach Post Fond du Lac County property sold for $1.53 million in real estate transfers for June 2-6 fdlreporter.com News of public record: Muskingum County real estate transfers Zanesville Times Recorder Northwest Healthcare Properties Real Estate Investment Trust Announces June 2025 Distribution Newsfile Wake Up Your Real Estate: Defining Real Estate Nonstop Local News LOCAL REAL ESTATE TODAY 6.13.25 KQEN News Radio Real Estate Agent Booms and Busts Calculated Risk News of public record: Coshocton County real estate transfers Coshocton Tribune Brookfield Asset Management names CEO of real estate in reshuffle Pensions & Investments Real estate transfers: Canton supermarket property sells for $8.2M Canton Repository $354M Deal: Bridge Investment Group's Massive Industrial Portfolio Refinancing Spans 6 Key States Stock Titan The Pipeline: Commercial real estate roundup for 6.13.25 Richmond BizSense Building Futures Annual Awards Gala Fordham University Florida’s Spring Break Capital Is Now Its Newest Luxury Real Estate And Financial Hotspot - Forbes Construction crews raising the next business park for fast-growing Kyle The Business Journals Texas firm pays $32M for Near North Side apartments Crain's Chicago Business Welcome to Real Estate Friday! The Berkshire Edge Major Real Estate Deal: Lead Real Estate Secures Prime Spot in Tokyo's $6B Tsukiji Waterfront Transformation Stock Titan Investors Are Selling a Record Share of Homes To Cut Their Losses—Especially in These 5 States Realtor.com U.S. States With Lowest Mortgage Rates Today – June 13, 2025 Norada Real Estate Investments Real estate giants crack down on exclusive 'off-market' home listings in major shift for buyers Fox Business Real estate pushback to the 'Taylor Swift tax' begins. Will the charge hit everyday cottages? The Providence Journal |
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