Saving $100,000 : How To Negotiate A Real Estate Deal - Terrica Smith

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 23 July 2022

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is a clip from How To Acquire 70+ Properties in Less Than 12 Months - Episode #268 w Terrica Smith

Join Terrica’s PROPERTY CHALLENGE!!!

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http://www.ThePropertyChallenge.com

Terrica Smith has helped so many people change their lives forever as they become OWNERS of land and real estate properties. Known as the “Female Real Estate Guru” she has been a special guest on episodes 204, 209, and 72 and now we share the story of how she has helped David expand his real estate portfolio to more than 25 doors and counting! In this episode we dive into :

The Truth About Real Estate Portfolios: Why most millionaires have real estate as a crucial piece of their overall wealth building plan and why the goal is to have MULTIPLE properties.

Negotiating The Numbers : How to make each deal you seek to close work in your best interest and still have a win-win outcome for both parties.

Creating An Inner Circle Of Equity Investors: Why it is a multi-faceted blessing to welcome people to your table to become investors in your project vs. doing it solo.

Becoming The Artist Of Your Land: How to envision yourself as an owner of land where you call the shots, build from the ground, up, and set in place assets to bless your family for generations to come.

Connect with Terrica: https://www.instagram.com/femalerealestateguru/

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Transcript

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0:00.0	previously on the whole street bycats.
0:03.3	I mean, it was asking a half a million dollars for this property.
0:06.6	You know, and I went in, we negotiated, we ended up at 350.
0:11.5	So how does that happen? And I'm still trying to figure that out about you.
0:15.3	So, and now when I look at properties, the price of the property, I don't pay a
0:20.1	whole lot of attention to it because I know
0:22.6	Terrick had don't normally pay that number anywhere. I don't.
0:25.5	I don't, and I don't pay attention to their numbers. I think that's just one
0:28.5	mental opinion. But what I will say is that, you know,
0:33.5	the property wasn't even on the market long to be honest with you.
0:36.5	And with, you know, going in and saying, okay, I wanted at 350,000,
0:42.0	my numbers have to work or they have to work.
0:44.0	So if our numbers don't work and if I'm not happy with the numbers,
0:47.8	you know, that they have on the market, like right now, we're looking at
0:51.1	a personal home for me and my family where they want 1.9.
0:53.6	And I text the real time, I can't get to 1.9. I don't really like that number.
0:56.9	I sound really like your comps, like, you know what I'm saying?
0:59.5	Like, and so she was like, put the pool in, I don't really like your comps.
1:03.4	And it's the same going back to this deal with the real time, like, you know,
1:06.9	I like this deal. Let this price, these numbers make sense for an investor.
1:10.5	Only an investor going to come and get this turd. Nobody else, right?
1:14.2	And, you know, he went back and forth, back and forth, back and forth.
	...

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