656: The “Deal Never Dies” & Picking Up Properties Other Investors Neglect w/Tyler and Trevor Sarter
BiggerPockets Real Estate Podcast
How to Build a Sports Team
"We watch those games in the background when we're riting pa or sending to sinmen agreements. It deftly keeps us warm, for sure," he said. "It's not that simple. The chemistry between the players means a lot."
A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter.
Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed.
As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers.
In This Episode We Cover:
How to find buyers, sellers, and deals as a wholesaler, flipper, and investor
Keeping the deal “alive” and why over-communicating is necessary to start investing
Staying organized and building a fine-tuned machine that will run even when things go wrong
How to prepare yourself as a rookie real estate investor for your first deal
Using real estate to help friends and family deal with tough situations (while you also make a profit!)
Finding the “MVP” of your team and the support roles that will boost that player up
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
The Newbie’s Guide to Wholesaling in 7 Simple Steps
How to Build a Highly Effective Real Estate Team
Books Mentioned in the Show:
Rich Dad Poor Dad by Robert Kiyosaki
Millionaire Real Estate Investor by Gary Keller
The Millionaire Fastlane by MJ DeMarco
Mastery by Robert Greene
Connect with Tyler & Trevor:
Trevor's BiggerPockets Profile
Work with Promise Land Realty on Instagram
Work with Promise Land Realty on Twitter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656
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