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Docs Outside The Box

197 - Darko Real Estate Series – Did we just buy a money pit?

Docs Outside The Box

Dr. Nii Darko

Career, Education, Doctor, Medicine, Careers, Job, Business, Health & Fitness, Finance, Investing, Premed, Black, Money, Lifestyle, Mindset

4.9516 Ratings

🗓️ 20 November 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show! Still rolling with us? Remember, we’re attempting to purchase our first rental property that is located in Pennsylvania. The latest installment of the real estate series is about getting the house inspected once our offer got inspected. We talk about how much it cost us to get an inspector, and what to expect from the inspection report. We also got into what repairs we decided to negotiate with the seller....

Transcript

Click on a timestamp to play from that location

0:00.0

What's good, everyone. Before we start the episode, I want to share with you a unique financial strategy that savvy docs are using to purchase real estate.

0:16.9

Now, even if you are starting with single family homes, or you might even be in the big leagues trying to get 20, 50, or even 100 unit complexes, this strategy might be for you.

0:28.5

Other benefits are it can help you grow your wealth tax-free, and it also protects you from the bad guys.

0:34.0

I'm talking about the creditors and the lawsuits.

0:36.5

Now, I took the time to learn about how

0:38.5

this strategy works, and I think it can help you optimize your investing also. I want you to

0:43.4

check out Money Insights.net, forward slash darko, and click on the investment optimizer link to learn

0:51.3

more.

0:56.2

All right.

0:56.9

3, 2, 1.

0:57.6

We are live.

0:58.4

Ready to do this?

0:59.5

Ready.

1:00.4

All right. So we are going to be talking about what happens once your offer gets accepted, which

1:06.8

for us, it got accepted.

1:08.4

Yep.

1:08.9

And we are in the process of negotiations or we are negotiating.

1:13.9

We're even past that now. So let's talk about what it's like. After your offer has been accepted.

1:19.8

Basically when shit gets real. So we ended up putting in an offer about $20,000 less than what the

1:24.6

asking price was. And we beat out multiple offers and we got it.

1:29.9

Yep.

1:31.6

So either we pay too high.

...

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