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Get Creative with Pace Morby
Navigating Negotiations and Partnerships in Real Estate with Lance & Jessie Riggen
Apr 17, 2024
Real estate power couple Lance and Jessie Riggen share their journey of acquiring a mobile home park in Texas, discussing negotiation tactics, deal-closing finesse, and building a solid partnership. They highlight the importance of transparency, strategic negotiations, and the impact on the community. From starting the journey to personal insights, this episode is a must-listen for aspiring real estate investors.
29:59
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Quick takeaways
- Building rock-solid partnerships is key in real estate investing, encompassing negotiation mastery and strategic deal-closing finesse.
- Transparency and strategic communication are crucial in navigating challenges and transitioning towards comprehensive ownership models in real estate.
Deep dives
Acquisition of a Mobile Home Park in Texas
The episode delves into Lance and Jesse Riggan's venture into acquiring a mobile home park in Texas. They expressed their long-standing interest in the mobile home park model and the challenges faced due to limited bank financing options. Through strategic community learning, negotiation skills, and perseverance, they successfully located a park in Texas, engaged in negotiations with the owner, and secured a lucrative deal below the initial asking price.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode