The Great Investor Nutralizer !
May 29, 2010 by admin
Filed under Business Development Training, Case Studies, Commercial Short Sale Secrets, Contest And Giveaways, Financing Strategies, Memberships, New Commercial Finance Training Agends, Online Marketing Tools, Online Training, Personal, Testimonials, Tools And Resources, Training Feed Back, uncategorized, Videos
Everything is working just as planned inspite of a few glitchs.
I’m not surprised but I will admit that things went better than I had expected!
Because one of the deals involved flipping it became very obvious that wholesaling was the most
challengeing of all because it involved getting the end buyer’s approval.
The Great Investor Equalizer
Fortuantly, our end buyer was local and a very experienced investor. This helped but
most investors simply don’t have a high level of financing sophication so there’s always
the teaching and training to give them the confort they need.
Remember, investors are basically GREEDY by nature and will try all sort of things to get your price down.
However, when you tie the financing into the deal, the game changes.
We were able to get the FULL appraised price for all our properties because
we had the financing that most investors can’t get . And we know it!
Having the financing in place has proven to be the great equalizer.
“Pay my price or get your own financing” is the phase that pays.
We were able to get all the deals placed to a tune of $600K .
In my opinion, the program is best used for purchasing for your own portfolios.
My first contact with the Bank was on May 7, 2010.
In less the 20 Days we were able to get both offers approved and to get the financing in place for
both Deals. Again, the flip adds an additional level of complexity to the deal dynamics.
Follow my deals and the videos at:!
www.commercialfinancingacademy.com
Nice. Gift wrap the property in easy financing and they sell like the hot toys just before Christmas day. Thank you for the tips, Durante. People pay a premium for convenience and there isn’t a lot more convenient than providing the financing with the property.
durante making the deals is essential from the beginning from the end. why because the financing is what squeeze the juice from the fruit. think bout the deals for a minute , and what i mean is if there isnt any liquidity in the deals then the deal want take place.
there are 4 ways to put deals together 1. pieces 2. lumpsum 3. different form 4. a combinations of all 3 . there are plentiful of opportunities in the market place.
finding the seller’s motivations, or should i say identify the seller’s motivation and perceived value of the buyer without compromising yours.
Hello Durante’,
I’m also of the opinion that one should always be looking to buy for their own portfolio purchasing for long term growth. Having said that there will always be times that one needs cash to facilitate some endeavor or another.
When scouring wherever we look for deals, we should be always on the lookout for deals that would make good flips.
If the deal isn’t one that we want in our own portfolio, we should always be able to profit from it. Bundling the property with the financing will always be attractive to an end buyer.
As long as we don’t strip all the profit from a deal we should always be able to turn it fast. That velocity will have a big effect on how successful a flip is for us.
Not stripping out all the profits will also make our buyers happy and looking forward to our next flip to them.
Thanks for all your insights and your time.
Bryan
Durante’,
From the very beginning you have always stressed that the Financing comes First! Of course this is the opposite of traditional teaching, but it happens to be the right way. Now that I have the ability to finance my acquisitions, I look forward to my first purchase. thank you Durante’ for making it all possible.
Janet