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What Makes A Good Property Deal
Manage episode 410587338 series 3504934
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In today's podcast, Mark discusses what makes a good deal.
Sometimes, when we look at opportunities, we can waste a lot of time and still not find a good deal. To avoid wasting time, we should look for problems in the property and determine how costly and serious they are.
Speed of implementation is crucial when seeing a good deal. Hesitating and delaying a deal can only harm us and give opportunities for others to buy it. Therefore, we should take action as soon as possible.
If we want to invest in any area, we should check if there is a strong rental demand. We should also ask ourselves how we can add value to the property and whether it will give us a high return on investment.
The best deals come from motivated sellers, but this does not mean we should take advantage of them. We should always look for an ethical win-win scenario where both parties are happy with the outcome.
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