- jeffjeffMember@jeffjeffJoin Date: 2004Post Count: 4
When you initally approach a real estate agent to source property deals, what words do you use to outline what you are looking for?
Do the words “cash flow positive” help or hinder?
Comments?oshenMember@oshenJoin Date: 2005Post Count: 112
If i’m approaching an agent I don’t know, I’ll keep it fairly general. For example, I might ask to see any brick houses or town houses in a particular price range. If I want cash +ve, I’ll only look in areas where they are likely to be. I find it better not to get too specific initially as you could miss out on lots of opportunities.Steve McKnightKeymaster@stevemcknightJoin Date: 2001Post Count: 1,763
“Hi, I know this sounds strange, but I’m interested in buying real estate that other people shy away from. As such, can you tell me about the problems you are having trouble selling at the moment?”
Using this approach helps me to avoid the properties that are solutions more so than problems, and ensures I don’t waste anyone’s time.
Remember that success comes from doing things differently.
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
Success comes from doing things differentlylandt64Participant@landt64Join Date: 2004Post Count: 166
along the same lines, what do you say when an RE asks what you want to spend? I know other people have said not to disclose to the RE what you want to spend, but I’m never sure what to say.
Landt.emcdonaldMember@emcdonaldJoin Date: 2004Post Count: 162Originally posted by landt64:
along the same lines, what do you say when an RE asks what you want to spend?
“we’re currently sorting out our finances and haven’t got an exact figure”
“it depends on the property”
“what sort of prices are owners getting for x bedroom, x bathroom houses?”
“what do you think i need to spend to purchase an x bedroom, x sized block in x condition?”
are some questions you could use to deflect the agent…