Flipping Houses – get your low offers accepted… every time!
http://www.youtube.com/watch?v=nf0KGie74ts
Aaron Ward wrote me and asked, “Maestro, how do I get your low offers accepted by sellers?” Great question, Aaron. And I’m glad you asked.
There are many tricks and tales you can tell the seller to convince him or her. But, the best way to insure your low offer is accepted, is to only deal with sellers who are in distress. If they truly feel like you are their only option, they will take just about any offer you put in front of them…
Also, get my e-book, Raining CA$H. Comes free with my first flipping houses book, Quick Flips and Fast Cash: A Moron’s Guide to Flipping Houses.
The Maestro
Andrew Massaro Wholesale Real Estate Coach Tampa
Subscribe to my RSS feed
Talk with me on Facebook
Follow me on Twitter
Hello. Love the video tips. What does “arb” stand for? Thanks! CC
LOL! I’m guessing you mean ARV? It means “after repair value.”
Basically, it’s the value of home if it were in perfect condition.
Hi Andrew- I’ve looked at a lot of your videos and really appreciate your sharing your expertise. I’ve learned a lot and had a lot of ideas reinforced that remind me what I should be doing. Thank you for that. However, when I listened to this video it seemed to bring back a lot of the questions that I’ve struggled with over the past year that I’ve been investing in real estate. At what point does lowballing these homeowners become taking advantage of them? Of course I don’t want to pay any more than I have to for a property than I have to, but how do you balance the ethical/ moral issues with your need/ desire to make a buck? I do realize that sellers in these situations often bring these problems on themselves, and that home buyers aren’t operating as a non-profit (we hope!) Are my inner game issues clouding my business decisions? Thanks again- Terry
PS If you don’t think this is the place to discuss this feel free to delete this note.
Hey Terry,
I think you need to completely understand what we do. We assist individuals in need, by purchasing their homes with cash and elminating their stress and worry. We do not take advantage of them, but help them out of a stressful situation. As a wholesaler, you should know, up front, what you can offer, while still allowing yourself the greatest opportunity to flip the property. This is your price ceiling and there is nothing you can do about that. That’s just business. However, if you have the opportunity to contract lower than that, then you have a decision to make. And, what goes into that decision, is partly due to the seller’s situation. Our offers are going to be low, regardless, just because of what we do. But, if you choose to leave money on the table, in order to allow the seller to walk away with more, then that is your decision. I say go with your heart.
Andrew
Hi Andrew, have you seen Preston’s Freedom Soft? how is it? and Do you think I can wholesale houses there in U.S.A. though I’m here in the Philippines …using FreedomSOft?
P.S. Hey, I saw my testimonial in your e-book sales page.
– sorry for wrong grammars..haha
LOL. No worries on your grammar, Red.
FreedomSoft will make everything we do easier, and much more efficient. It won’t, however, do the work for you. FS can’t put out bandit signs and send mailers for you. But, it will certainly simplify and automate your business.
Hey Andrew.. thanks for the reply, I don’t think you answer my question though….hehehe… my question is this … By using FreedomSoft can I wholesale houses there in the U.S.A. though I’m in the Philippines? thanks…
P.S. – Did you see Rock the House? ep. 1 and 2? Wow, it’s very cool… and Pete will have the time for his lady soon.
Sorry, dude. YOu can flip houses in the US without FS. However, flipping virtually is more difficult, in my opinion. You are not able to sit down with buyers and sellers and talk with them face-to-face. Everything is done via phone, fax and mail. It certainly can be done, though. FS will just make everything we do much easier. It automates everything into one program, instead of using 20 different things to run your business.
hey thanks for the answer andrew..
god bless you