Ep 506: Getting Creative With Big Ranch Land

hive with us podcast network: Real Estate, Land and Business

In the discussion, the concept of "crazy offers" in business, particularly real estate, was explored, emphasizing innovative financing methods like seller financing and various terms of balloon payments. The conversation highlighted the importance of understanding and addressing specific seller problems to tailor offers effectively. Examples were shared to demonstrate how persistence and strategic negotiations could substantially lower property prices and secure deals. Creative Offers in Real Estate (0:05-0:53): Daniel and his guest discussed the significance of making "crazy offers" in real estate, especially in terms of seller financing and various terms of balloon payments. Strategic Negotiations and Seller Financing (1:53-3:39): The hosts talked about a specific deal where strategic negotiations and understanding the seller's financial needs led to an unexpectedly favorable agreement for developing a piece of land. This included seller financing options that significantly lowered the upfront cost of the property. Leveraging Underdeveloped Land (2:05-4:03): The potential of turning underdeveloped land into profitable commercial properties through strategic development and negotiation tactics was highlighted. Importance of Persistence (5:47-7:03): Persistence in making offers and negotiating was stressed as crucial for success in real estate. The conversation included a detailed example of how persistent negotiation and understanding the seller’s motives can transform a seemingly unreachable deal into a win-win situation for both the buyer and the seller. Discussing Entitlement Process and Overpricing Strategy (1:19:29-1:21:45): The hosts discuss the strategy of making an overpriced offer contingent on a lengthy entitlement process. They explain how offering more than the asking price, but delaying payment, can be used to secure properties that can be subdivided into smaller lots for maximum return on investment (ROI). Educating Sellers and Setting Expectations (1:21:50-1:22:12): The importance of educating sellers about the realities of real estate transactions and setting realistic expectations is highlighted. They emphasize how education can prevent sellers from falling for unrealistic offers and help build trust. The Role of Time in Transactions (1:23:33-1:23:53): The speakers discuss the critical role that time plays in real estate transactions, particularly in the context of making offers that include extended timelines to maximize profit through strategic development or sales. Consultative Approach to Real Estate Deals (1:24:00-1:25:25): The discussion focuses on approaching real estate deals from a consultative perspective, prioritizing helping and educating the seller rather than exploiting them for profit. This approach not only builds trust but also aligns with ethical business practices, aiming to create win-win situations. Text 📱 210-972-1842 Text 📔 "Course" to learn how to make 6 figures on one land deal. Text ✴️ "Hive" to get added to weekly meetings. Text 🍎 "Apple" to schedule a 1-on-1 call with Anthony & Daniel. Text 🛬 "Land" to join The Million Dollar Land Mastermind 📃 Partner with us on your deals: https://submitbigland.com/ 🔍 Need Inbound Real Estate Leads. https://www.hiveleads.io/ 🔍 Follow Us on YouTube https://www.youtube.com/channel/UCbulcrC4WbOy5Fzu0eWzNVQ/?sub_confirmation=1 🔍 Follow Us on Instagram https://www.instagram.com/hivemindcrm/ 🔍 Check Out https://www.hivemindcrm.io/ 🔍 Check Out Our Land Mastermind https://www.milliondollarlandmastermind.com/landmastermind 🔍 Pick Up All Event Recordings here. https://thehiveislive.com/recording 🔍 Follow Us on TikTok https://www.tiktok.com/@hivemindcrm?lang=en 📍Join the FB Group https://www.facebook.com/groups/137799891494707 📍 Check us at Join Us! https://thehiveislive.com/

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