865 Things You Need To Focus On To Do Deals In This New Market
\nI started in real estate right before the crash, so I have to be honest and say that I made a lot of mistakes when I entered the real estate market. I\u2019m embarrassed to say that I lost homes to short sales and foreclosures before I finally figured out what I was doing. And I learned that lease options in a down market work really, really well.\nThe 3 things you need to be focusing on right now are making more lease option offers, making buyer offers, and following up with your old leads.\nIncrease the amount of offers you get accepted by being flexible in your financing when you use lease options. There\u2019s a lot of power in being able to give the seller any price they want as long as they wait for it. I walk you through my philosophy and how I make my three main offers. In addition, in my Mind Map, I\u2019m giving you a calculator for the three different kinds of offers:\n\u2014Cash offer\n\u2014Seller financing interest only\n\u2014Seller financing principal only\nThis free Mind Map will help you figure out how to handle this changing market. It\u2019ll include calculators, marketing tools, letters, and a lot of other things that will help you pivot and shift. When you get the link, you\u2019ll only have View privileges only. If you want to make changes, go to File and make a copy or download it and save it as an Excel spreadsheet.\nI walk you through how to find a rental house on Zillow to make an offer on. Remembering that you want 15 percent equity and 25 percent cash flow for the properties you\u2019re looking for, I run the numbers on a couple of houses to show you how to find a great deal.\nWhat\u2019s Inside:\n\u2014You can give a seller any price they want as long as they wait for it.\n\u2014Remember the sandwich lease option rules: cash now, cash flow, cash later.\n\u2014I share examples of a cash offer, wholesaling lease option offer, and a sandwich lease option.\n\u2014I walk you through how to use Zillow and Redfin to find rentals to buy.\n\u2014Get my free Mind Map with the tools you need to make better offers.\n
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