Watch Me Evaluate A Deal And Make A Cash Offer - The REI Secrets Series

Published: Oct. 27, 2021, 10 a.m.

There are a lot of steps involved in finding, evaluating, and making a cash offer on a property. And today, I\u2019m going to walk you through all of them.

First, we\u2019re going to use a combination of Redfin and Zillow to find something within our starting area. For today\u2019s example, we are looking at Covington County in Georgia. By looking at Google maps as well, we can pick a property and start to learn a few things about it.

The second step is to reach out to the owner and start a conversation. You need to raise the concerns that you came up with during your online research. So for our example house, we\u2019re worried that it might not be in the best neighborhood. Bring these things up to the owner and use them when negotiating.

Finally, it\u2019s time to come up with a cash offer. There are two main methods to use here, and for this example, we\u2019re going to look at theĀ Average of the Lowest Sold method. I show you step by step how this works, and then we draft up an offer to send to the owner.

Remember, you can get the Automated Deal Calculator we used here by going to www.PartnerWithJoe.net.

What's Inside:

\u2014How to select a property using Redfin and Zillow.

\u2014Research the property to find discounts.

\u2014Talking points when contacting the owner.

\u2014How to calculate a cash offer.