Power of Relationships for Real Estate Investing

Power of Relationships for Real Estate Investing

Let’s talk about relationships and how they affect your bottom line as a real estate investor.

You’ve heard it time and time again: build relationships. Well I hate to sound like a broken record, but I’m going tell you again - Relationships is a key component to your bottom line as Прочая аудиотехника an investor.

Let me tell you a story about a deal I did a couple of years ago to help emphasize my point.

There was this gorgeous property located in a fairly elaborate subdivision called Heathrow. Most of the homes are pretty new and real estate listings in rocky mount nc are all brick with very nice amenities. castle rock real estate listings The property was a large 3-bedroom brick 2-1/2 bath.

I saw the foreclosure notice in the newspaper, so I immediately start calling some of the family to make a deal on this property. I get in touch with a lady lets call Susan for the sake of privacy. мебель для ванной Susan and her husband had built the home around five years earlier. The house was vacant and had been vacant for months. I discovered after talking with her, that Susan and her husband had a very rocky marriage and were now divorced. She was doing all she could as a single Mom to make ends meet. pennsylvania real estate title searches Her ex-husband had a medical discharge from the military from a rare disease that left him paralyzed. Susan was ready to
move forward. She’d been through an ugly divorce, a bankruptcy, and now was going through a foreclosure. It was really tough on her. Now, her ex-husband had already moved to Washington and was re-married.

Here are the numbers on the deal:

Value: $165K
Owed amount on mortgage: $100K
Behind: $10K

I dealt with what seemed like every family member that could have had any possible interest in this deal and tried to get this deal sealed up, but to no avail. Susan, the ex-wife had already signed her interest over to me. However, the ex-husband that lived in Washington kept stonewalling my efforts and wasn’t willing to deal. tuscany self catering accommodation Then, I get this phone call two days before the auction. No kidding, it was 2 days away, and now all of a sudden the husband wants to deal. With only two days before the foreclosure auction, I can get a deal done if the people are in my area so that I can meet with them. I’ve done it numerous times before. But when you add the fact that this guy was on the other side of the country, it makes it almost impossible. That is, unless I happen to know someone in Washington….

See, I happened to meet a guy named John at a real estate companies seminar several months beforehand and we became Электробритвы для мужчин friends. We emailed and talked on a regular basis about how to improve our businesses. So, I called him and asked him for a favor and told him I’d make it worth his while. And so, John agrees and gets the deed signed later that night and sends the docs overnight via FedEx СВЧ соло to me. I reinstate their loan 1 hour before the foreclosure sale and the deal is complete. Whew…. Take a Deep Breath - right?

Now, after the deal closed I sent John $2K for his troubles. Anyway, my point is this deal would’ve never happened if I’d not built a friendship with John. And notice that I just didn’t call him out of the blue asking for this favor. We were already friends and had already established this friendship months before. The moral to the story is to use the Golden Rule in all circumstances. I’d never thought in my wildest dreams that John could’ve helped me in Alabama. And the truth is that there’ve been more people to help me because I go out of my way to build relationships with others.

The simplest way to accomplish this is to treat everyone with the utmost respect even if there’s no financial gain for you. Work to build win-win relationships with everyone you touch - the local locksmith, the banker, the moving company, the loss mitigation rep you called to get a short sale approved, and the local real estate agents. You never know when some of these professionals have the ability to direct you to the next hot deal for you to acquire.

Derek Pierce, full time Real Estate Investor, shows you the exact Встраиваемая бытовая техника strategies to his success in his Free Book: “How I Went From Corporate Guinea Pig To Real Estate Success”. Get your copy by going to http://www.thereisecrets.com.

Close Kept Secrets to Weight Loss Lesson #36

We all have those people who we connect with on a higher level. As you know, Wayne Dyer is my spiritual mentor who helps me stay in that higher level of consciousness. His messages resonate with me and I am so grateful that he is in my life.

With this said, I had a clear message that I was supposed to watch his DVD on the bed and breakfast accommodation florence Power of Intention. I’ve watched it from time to time since I received it about a year and half ago. This Divine message was clear: Watch it daily! So for the past two weeks I have watched it during my morning exercise routine. You know how we have to listen to something over and over, and over some more before we begin to fully appreciate the message.

What has happened to me as a result of this Dyer Marathon?

I thought I was already a very calm person, but now I am even more at peace. I’m learning to manifest accommodation orkney love for myself and connect to God in an even greater way that I could ever imagine. Each day, each Электробритвы для мужчин moment

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