Shownotes
What are the 10 biggest mistakes real estate investors make while negotiating a deal? And how can we learn from them?
This is the subject of today's episode of The Wealth Blueprint, as Palak and Niti share lessons and insights from their experience in property deals.
Learn how not to get emotionally invested while still taking that leap of faith in your next deal.
Understand the importance of contingency, as well as the value of making quick decisions as you scale your enterprise.
Know what your seller wants, and don't expect to negotiate on price and terms all at once!
The tips come thick and fast in this episode, allowing us to learn from the mistakes of others as we create our own financial freedom. Please join us.
"Don't let your ego get in the way. Ego costs opportunities." ~ Palak Shah
In This Episode:
- 01:45 Letting your ego get in the way
- 03:23 Not doing your numbers properly
- 04:58 Not preparing and educating yourself enough
- 06:40 Always have a contingency
- 08:01 Not knowing how to make quick decisions
- 09:49 Wanting perfection
- 11:00 Not managing your expectations
- 12:09 Not offering options to a seller
- 13:41 Not knowing what your seller wants
- 14:44 Expecting to negotiate on the price and terms all at once
Resources:
Connect with Palak and Niti
