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Get Creative with Pace Morby

Cracking the Code on Real Estate Wealth

Apr 21, 2024
Real estate experts Mark J Kohler and Mat Sorensen discuss creative financing strategies in the podcast. They emphasize empathy, community, and finding win-win deals. Topics include leveraging social media for deal flow, negotiating seller finance terms, and setting long-term goals. The guests share insights on overcoming career hurdles, building a real estate community, and crafting successful deals.
01:01:11

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Quick takeaways

  • Establish emotional connection with sellers for favorable real estate terms.
  • Direct engagement with sellers uncovers unique solutions and terms for successful deals.

Deep dives

Importance of Emotional Connection in Real Estate Deals

In real estate deals, establishing an emotional connection with sellers can lead to favorable terms. An example is negotiating a multi-family unit where the seller's son felt neglected due to property management responsibilities. By addressing the seller's emotional concerns and offering a zero-down deal with $11,000 monthly payments for 50 years, the deal was successfully closed with a win-win outcome, emphasizing the significance of understanding sellers' personal motivations.

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