All Forum Posts by: Hassan Adan
Hassan Adan has started 1 posts and replied 7 times.
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Benjamin Aaker:
Great advice. Thanks
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Theresa Harris:
How much is the land worth? If they don't want to sell for a price you want to pay, walk away. Otherwise, pay the $200K. If you pay $200K what is the rate of return?
Not sure, how much the land is worth, but I am weighing my options on this one. Thank you, Theresa!
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Eliott Elias:
Get to the core of the sellers motivation, there has to be a motivating factor here. Ask them what they would do if they had all that cash in their had right now.
Great feedback. Much appreciated Eliott!
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Kerry Noble Jr:
Quote from @Hassan Adan:
Quote from @Kerry Noble Jr:
Follow up with him......you cant force motivation....
Seller is speaking through an agent.. is not allowing direct communication which I could work in my favor.
Skip trace and find his contact info
Thank you Kerry!
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Da Shiek Woodard:
If the numbers don't work you either walk away permanently or stay in negotiations until the numbers work. Remove all emotional attachment and focus on showing the seller why your numbers are the correct ones and why no one else will offer better numbers. This experience is good either way because it is developing your negotiation skills.
Thank you Sir. I will keep on pursuing this deal. I enjoy being in the uncomfortable and making things work. Even when it seems like there isn't a way.
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Quote from @Kerry Noble Jr:
Follow up with him......you cant force motivation....
Seller is speaking through an agent.. is not allowing direct communication which I could work in my favor.
Post: Seller is not motivated to sell
- Posts 7
- Votes 1
Hey everybody I'm currently in the talk of getting my first deal but I am dealling with an unmotivated seller. The building has no heat, no eletric. The sellers plan was to build a 3 family there but zoning will only allow a 2 family. Building has to be demolished and built from the ground up as there are many defects to it, So then they were going to renovate but decided it was too costly and time consuming, he wants 200K so he can sail away from real estate but the property is not worth that asking price in the current condition. This is my first deal and I don't have 200K sitting around. The numbers on this deal are fantastic after renovations with a cash on cash return of 859.19% but right now I am dealing with an stubborn seller and unsure of what to do should I back away from the deal? Let me know what you guys think.