Everyone talks about hammering sellers to get the best price – about getting every dime you can out of a transaction. Last week a friend of mine was bragging about how he got this old lady to sell her house to him at 50% of it’s value! He’s going to make a big chunk of money on it too. Here’s my question, HOW DOES HE SLEEP AT NIGHT??? Maybe I’m just “too nice” and maybe I’ll always be just a working stiff, but I don’t want to do business that way. It seems like to be an investor, you have to be a real shark these days. Does anyone do business in way they wouldn’t be ashamed tell their Mom or their kids about?
Well done Pierce, I agree with you. At work, I am happy to have to occasionally tell potential buyers of some of our training manuals and courses - don't buy this, its not right for you.
It makes business sense anyway - an unhappy customer never comes back and probably tells their friends about the bad deal they got.
I sleep fine.
It makes business sense anyway - an unhappy customer never comes back and probably tells their friends about the bad deal they got.
I sleep fine.
You aren’t kidding. I see this kind of thing all the time and you gotta wonder how people live with themselves sometimes. But I’ve been an investor for 5 years now – full time – and although I’m sure there are some people who don’t like me, I’ve never set out to take advantage of anyone. You CAN do business in an ethical, honorable way – and I’m proof that you can make a lot of money doing it. Here’s an article by a guy who was my mentor. I probably wouldn’t have responded to this post except for the fact that I just got this from him yesterday and I like the way he thinks. Here’s a link to the article if you want his perspective. The deal he outlines is pretty much the way I do my deals. Investing in Real Estate Money Maker E-letter about Investing :clap: :clap: :clap:
I left the sales and letting agency work years ago because of the elderly people and under valuations etc.etc..
I never did this sort of thing myself but watched it go on all the time and felt I could do nothing about, being an employee. Having said that it depends a lot on the culture and people in individual branches.
Since leaving the industry I have made much more money as an investor/landlord and I operate under my own moral code, which is - Would I want to live there? and How would I like to be treated by a landlord?
I sleep at night and view tenants as customers I want to keep. (It works out more cost effective in the long run with fewer void preiods).
Jason
I never did this sort of thing myself but watched it go on all the time and felt I could do nothing about, being an employee. Having said that it depends a lot on the culture and people in individual branches.
Since leaving the industry I have made much more money as an investor/landlord and I operate under my own moral code, which is - Would I want to live there? and How would I like to be treated by a landlord?
I sleep at night and view tenants as customers I want to keep. (It works out more cost effective in the long run with fewer void preiods).
Jason
Johnkarner
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Real estate is a legal term (in some jurisdictions, such as the United Kingdom, Canada, Australia, USA, Dubai, Trinidad and Tobago and the Bahamas), which includes land with improvements to land such as buildings , fences, wells and other improvements at the location specified-solid. Real estate law is the body of regulations and legal codes that relate to such matters under a particular skill, and includes things like the tax system and commercial residential real estate transactions countries. A is often a reflection of its common values and / or value of those in power.
louiscaraujo
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I think they already know what REAL ESTATE is.
Johnkarner
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SO you think that you already know about it, so please you tell me more information about real estate.
Johnkarner
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The real estate industry is the application of economic techniques to the real estate market. It tries to describe, explain and predict patterns of prices, supply and demand. The closely related fields of housing economics is smaller in scale, focusing on residential real estate markets as does the research of real estate trends focus on the activities and structural changes affecting the industry.
Johnkarner
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After the renovation, the house itself is in better shape and last longer, and can be sold at higher prices, thus increasing the estimated value of the property, as well as increased sales of goods and services related to property and improvements the resulting increase in sales taxes. Neighbors can also get the benefit of the most beautiful homes in the neighborhood, which increases the value of your home.
the_coumiester
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John, seriously.
