- Published: Tuesday, 21 April 2015 21:15
- Written by Sean Summerville
21 year old Finds the deal
How Long Did It Take a 21 year old
With 6 months Property Administrative Experience
To Find a Potential Deal the story unfolds below...
You can download the app @ /form/
This property could be purchased for 30c in the dollar,
I spoke direct to an agent as part of our 'live deal demonstration'.
This property needed about $5000 at the most to fix up.
The Property Bootcamp 2015 was full of realisations, it was said that we touch on Property Education that you just do not get anywhere else.
Here is a summary of the main points
- The advantages of buying the ‘cheap houses’ was obviously a top strategy used to buy low, spend a little and then have a great property that values up.
- Many requests for Joint Ventures,
- How to Do a Second Mortgage Properly,
Was more on the mindset (intangibles of property and how important it is to get your communication cycles right.)
Diane was has a skill that is a great asset to the Property King Coaching Program.
How communication affects a property deal.
Everything hinges on good communication because the whole deal relies on the communication cycle.
The cycle of
- the real estate,
- the vendors…
How to communicate to a vendor, how to communicate a real estate, how to unblock your blocks.
Live Demonstration Example of What is a ridiculously cheap offer, and how do you do it?
How to put in an offer 20-30% below value and the reactions you are going to get, eventually someone says yes!
A live phone call with a real estate between myself and an agent.
People saw how I communicated to a real estate Agent,
Ok, now this is what blew me away. A 21 year old who has worked as The Property King Administration Assistant for 6 months, identified a deal!
- The area had houses around $250K,
- the house was on for $180,
- then $160.
- Now down to $120K
– a live call to Agent, Agent said they would definitely accept cash, and a cash offer for $80K is where I would start.
The property was found on the Distressed Property Website, the owners inherited the house, they don’t want to do anything to the house or put any money into it, they just want to cash out.
You can download @ /form/
So if a 21 year old with no more than 6 months of 'hanging out education' and his own skills can find a property, it shows there is nothing wrong with the app or the website, it is the user not understanding how or what to look for.
The app is not going to
- Buy a house for you,
- Negotiate the deals for you,
- Not going to magically get stamp duty reduced,
- Not going to do all your legal paperwork,
- Not going to negotiate.
The app will not find a house and the deal is done for you 30% below value, there must be communication between yourself and the agent.
When asked how long to find this deal,
“3 minutes” he replied.
This conversation has all been recorded, the room of 60 people witnessed the live deal.
Do you think it would be a good skill to learn to put in cheap offers, to know how to communicate that clearly.
Thank You for reading and I hope this has sparked a question or two for you.
You can ASK A PROPERTY QUESTION HERE