Unlock the Secret “Hack” That Could Slash Interest Rates to 3% in 2025—Here’s How You Can Cash In Before Anyone Else Does!
Dave:
I give them a very clear look at who I am and that I’m going to close on the property. The biggest problem for sellers right now is yeah, prices are going down. So that’s the biggest problem. So maybe the second biggest problem is that a lot of contracts are getting canceled. People put something under contract, then they can’t get financing or something falls apart. So personally, my strategy for bidding on properties has been to either put more money down, more earnest money, have a really good pre-approval prequalification ready to offer to show that I’m serious and unless there’s something bad that comes up on the inspection or there’s something on title, then I am going to close on this property. And so having a conversation with your lender to position yourself for strong offers is super important. In 2025, the last part of being offered ready is something I call benchmarking, and I should probably talk more about this on the show, but it is something I do pretty much every day and I really recommend that people do in their investing career.
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