Show053: How Walking Away From a Negotiation Helped Us Get a Better Deal

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 "You have so much to offer, so stop worrying about what other people think."
-Vicki Morris

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Today's show is sponsored by Lima One Capital, a lender for residential real estate investors.  They offer a 30 year fixed rate product with low rates, great customer service and no borrower debt-to-income ratios.  If you're looking to buy your first property or refinance your rental portfolio give them a call at 1-800-390-4212 or visit www.limaonecapital.com/rentalrookie.

 

Walking Away From a Negotiation Paid Off

We are excited to be back after our brief time away after our daughter was born.  In show 53, we share with you the details of one of our deals that we closed in 2016.  Before Anna was born, we bought another duplex in the same town as our other multi family property.  We decided do buy another investment in this town because of the large rental pool of tenants that we experienced with the previous duplex we bought.

The process in acquiring this property was slightly different.  The property was an estate sale and we actually walked away from the deal after we made our first offer.  We learned and hope to share with you that patience is key when you know your numbers.

In the show we discuss,

  • Why we waited to make an offer on the property
  • Why buying unique properties can be detrimental
  • The actual numbers that make up this deal
  • How we structured our partnership deal
  • and more...

 

Links Mentioned In the Show

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