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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Yo, what’s up, fam? So, let’s dive into a juicy tale about how I totally flopped on a deal worth fifteen to twenty grand. Yup, you heard that right! I was all set to snag a sweet cash offer from a seller who was looking to retire and sell fast, but I messed up big time by not getting her to sign the paperwork. I mean, we all know timing is everything, right? I’ll break down the whole saga, share my numbers game, and spill the tea on how you can dodge my mistakes and come out on top in your own real estate hustle. Stick around, 'cause I’m dropping some real gems on how to keep your deals locked down!
How I Lost $20K by Skipping This Step 😱
Visit https://www.paynelessflipping.com to learn how to do real estate deals the payneless way!
Ever found yourself at the Salt Lake City Airport, just chillin’ and thinking about the deals you missed out on? Well, Nathan Payne spills his tea on a $15,000-$20,000 deal he totally dropped the ball on. Picture this: he’s on the phone with a seller who’s ready to retire and wants to sell her house quick. Sounds like a slam dunk, right? But, as Nathan dives into the numbers, he realizes she’s asking for way more than what makes sense. After all, if your house is worth $350k and you want $300k, but it needs repairs, you’re in tricky waters. Nathan explains how he usually runs the numbers with this nifty tool called Batch Leads, but this time, he got lazy and missed the paperwork. And guess what? The seller ended up going with another buyer, and Nathan’s left shaking his head. So, what’s the moral of the story? Don’t be like Nathan! Always get that paperwork signed, folks. You never know when a good deal might slip through your fingers!
Takeaways:
- When hustling for deals, always get sellers to sign paperwork, or you might lose out.
- Understanding your local market can help you flip or wholesale a property successfully.
- Don't be lazy! Get the right contracts signed to secure your deals and avoid losing them.
- Running the numbers is crucial; make sure your offers align with what the property can yield.
- Communication with sellers is key, but also ensure you have the legal backing to protect your interests.
- Mistakes happen, but learn from them and tighten your processes for future success.
Companies mentioned in this episode:
- Batch Leads
Links referenced in this episode:
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