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Ep 573: Building Agent Relationships
Manage episode 441804593 series 3413169
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In this episode, the hosts discuss the power of teamwork, creativity in land deals, and the importance of building relationships with real estate agents. They share insights on how quickly deals can come together when the right approach is used, highlighting a recent 100-acre deal where they expect to make $600,000 in profit in just 14 days. They also touch on the current real estate market dynamics and how strategic pricing and strong agent partnerships can help move deals faster.
Chapters:
Introduction: The Importance of Teamwork in Real Estate (0:00 - 0:18)
The hosts emphasize that real estate investing is a team game, especially with large land deals, and that working with the right people can lead to faster, more profitable transactions.
The 100-Acre Deal and Creative Structuring (0:18 - 2:45)
They break down a recent 100-acre land acquisition where they used creative deal structuring, securing the property with 12 months to close and minimal upfront investment. They explain how quickly they were able to pre-sell lots for a significant profit.
Profit Potential and Market Timing (2:45 - 3:50)
The hosts highlight that even if some deals take time or fall apart, a few successful transactions each year can generate life-changing profits. They discuss how understanding market timing and strategic dealmaking play a crucial role in their success.
Agent Relationships: Key to Faster Sales (3:50 - 8:00)
The value of strong relationships with real estate agents is discussed, particularly how agents can bring off-market deals or help pre-sell lots. They stress the importance of coaching agents on their business model to facilitate smoother deals.
Current Market Dynamics and Strategic Pricing (8:00 - End)
With the upcoming election and holiday season, the hosts note a shift in the market and advise selling properties at 65-75% of retail value to move deals faster. They explain how being flexible with pricing and leveraging agent relationships can help investors thrive in a softening market.
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