872 How to Do More Deals in the Economic Downturn: Make Multiple Offers (Flip Mindmap Part 2)

Published: May 13, 2020, 10 a.m.

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There are three things to be focused on in this market, and your ability to succeed through this market shift will rely on how well you can do these three things. I describe the huge variety of creative financial deals you can offer when you would choose to offer them, and I give you examples in real-time on how to figure out the offer.\\nYou need to learn how to make multiple offers. No more one-trick cash-only offers because they\\u2019re not going to work anymore. When you find buyers, you\\u2019ll need to offer solutions and creative financing for them. If you become that go-to creative financing guy, you can make nearly any deal work, as long as the seller realizes they\\u2019ll have to choose between terms and price.\\nFinancing is going to be getting harder and harder as money dries up, so when I say creative financing, I mean:\\n\\u2014Owner financing\\n\\u2014Seller financing\\n\\u2014Seller carry back\\n\\u2014Rent-to-own\\n\\u2014Lease purchase\\nWhen you make an offer on a nicer property, I recommend a different strategy based on the MAO formula. MAO stands for the maximum allowable offer, and this formula has been around for a long time because it works. I walk you through how to figure out to offer for a nicer home.\\nIn my FREE mind map, I offer calculators so that you can calculate a price that still nets you enough income to make the deal worth your while. Now, after you text \\u201cFLIP\\u201d to 313131, you won\\u2019t be able to make edits on this copy. So what you need to do is go to file, make a copy, and download this mind map so that you can make edits on your copy for your business.\\nWhat\\u2019s Inside:\\n\\u2014The more options you can give a seller, the more deals you\\u2019re going to make.\\n\\u2014In this market, you need to be thinking about making a \\u201cquick nickel rather than a slow dime\\u201d.\\n\\u2014The three options I like to give sellers.\\n\\u2014Why I like Redfin data over Zillow, and how I use it in my calculations\\n\\u2014Step-by-step instructions on how I figure out an offer.

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