Have you ever gone into an investment deal that sounded great, only to encounter seller problems that lessened its appeal? What did you do? Did you cut your losses or hold on and try to make it work?It’s easy to be deterred by seller problems like tenants that need evicting and litigation costs, but there might be another approach that makes the deal worth it for you. On the other hand, sometimes the problems just aren’t worth the time and energy (and sometimes money) that’s required for a deal to make sense. But the real issue is when we don’t keep sunk cost bias in mind, and we’re left feeling like we have no choice but to keep pursuing a deal.
In this episode, host Dan Austin tells the story of a deal they’re currently negotiating that started off easy but has been complicated by seller problems. He shares how these problems have impacted the deal, and what they’re changing to make the deal work for them. Plus, you’ll find out how you can get free advice and free swag from @InvestorManDan himself!
Tune in to learn how to avoid letting your seller’s problems become your problems!
Topics discussed in this episode:
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