Читать книгу Commercial Real Estate Investing For Dummies - Peter Harris - Страница 92

Put your reputation ahead of making money

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Another option might be to accept a lower wholesaling fee or even no fee just to get the deal done and help out the property owner. We know that this isn’t very exciting or fun to hear. Why would you put all that effort into a deal and not make anything on it? The reason is that the most valuable thing you’ll have as a commercial real estate investor is your reputation. By keeping your promise to a seller without making a fee, you’ll have people talking about you for years. We don’t want the deal to turn out this way of course.

Ideally, your plan B would be to develop the ability to come up with the funding yourself as a backup to wholesaling the property to a buyer. “But, Peter(s),” We can hear you saying now, “I’m new at this and don’t have a lot of money. How can I have a plan B to get the funding and close on a deal if I’m just getting started?” The big picture answer to this is that great deals attract money. We’ve taken brand-new mentees who didn’t even have money on hand to make the down payment and helped them line up investors who provided the capital they needed to buy and fix up multi-unit properties.

Commercial Real Estate Investing For Dummies

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