@@@@@ So one Saturday she, her agent and I went 504
@@@@@ So one Saturday she, her agent and I went and looked at six apartment houses Four were dogs, but two were good I said to write offers on all six, offering half of what the owners asked for She and the agent nearly had heart attacksThey thought it would be rude, that I might offend the sellers, but I really don't think the agent wanted to work that hard So they did nothing and went on looking for a better deal
No offers were ever made, and that person is still looking for the "right" deal at the right priceWell, you don't know what the right price is until you have a second party who wants to dealMost sellers ask too much It is rare that a seller will actually ask a price that is less than something is worth
Moral of the story: Make offersPeople who are not investors have no idea what it feels like to be trying to sell somethingI have had a piece of real estate that I wanted to sell for monthsI would have welcomed anythingI would not care how low the priceThey could have offered me ten pigs and I would have been happyNot at the offer, but just because someone was interestedI would have countered, maybe for a pig farm in exchangeBut that's how the game worksThe game of buying and selling is funIt's fun and only a gameSomeone might say "yes
And I always make offers with escape clausesIn real estate, I make an offer with the words "subject to approval of business partner I never specify who the business partner is
