From the course: Rental Properties 101
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Negotiating the deal and excel at closing the transaction
From the course: Rental Properties 101
Negotiating the deal and excel at closing the transaction
- [Instructor] Next comes negotiating the deal and getting the transaction closed. Learning good negotiating and communication skills helps investors work with sellers, especially motivated sellers, to achieve a win-win agreement. In fact, many times understanding how to give sellers what they really want while sticking to our numbers makes the difference between a good deal and a bad one. Then we've got to make sure all our ducks are in a row, and all the paperwork has been completed. That's critical for getting to the finish line and actually completing the purchase transaction. Here's where you'll want to invest the time to create relationships with knowledgeable mortgage brokers or lenders for getting your financing done, as well as competent title company or closing agency representatives, for making sure your closing goes smoothly, in a timely manner for all parties involved.
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