SIC 023: Competition for Deals; Where Do YOU Fit in?

Competition for Deals; Where Do YOU Fit in?

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Julie:  Why talk about this topic today?

Lots of people are struggling finding deals in this market.

People aren’t putting their energy in to the right things to get them a deal.

We’re doing this to clarify for people, where they can fit in & compete for deals.

Where Do I fit in Julie?

1st question to ask yourself; What tools do I have? 

Contractor, broker, experienced investor, etc.

The main thing you should be thinking about is; Gathering more tools! 

Top 4 tools 

#1) If you’re a contractor – You have knowledge, relationships, saving’s, another source of income.

Tools – Things that save you money.

#2) You’re a broker – The best option! 🙂 Major tool, because you collect commissions on every deal. You can be much more creative.

#3) You got some dough – Money saved up…find a partner with knowledge! Using your IRA. If you don’t have hard money, you save on that expense.

#4) Using other peoples money – Cheaper, less percentage, No points.

Each of these will be killer, individually, but better all together.

Deals on the MLS 

There are deals here on the market on the MLS. But they are going to cost more, and be highly competitive.

The chances of getting your property are very slim without the tools.

Olympics analogy:

Gold Medal – Have 3 or 4 tools in their tool box.

Silver – Get your Real estate license & have money. Or you’re a broker & your connected.

Bronz – One tool in the box.

If you have no tools, think about partnering with people. Networking is the most powerful strategy in this business. Treat people well, carry yourself with confidence.

Extra bonus tool! – Creative real estate deals, if you can learn creative real estate you will be able to beat people with these tools! Take some time to learn how to structure creative real estate deals.

If you guys have questions with deals talk to us!!

Truly awesome resource!

Learn to be competitive! Network, Network, Network, and figure out how to be competitive.

Keep things simple & focused.

Joe- Speaks on using time locking methods to divide up your time to the things that are important so you’re directing your time wisely! IF you want to be a Samurai go to Joe.

Thank you for tuning in!