Ep 560: Finding Unicorn Deals
Manage episode 436386135 series 3413169
The transcript captures a discussion between two individuals about a creative real estate deal involving 60 acres of land near a city. They negotiated highly favorable terms, including a $14,000 due diligence fee, a six-month extension for $200,000, and three years of seller financing. The conversation highlights the uniqueness of the deal, their strategy of making creative offers, and the benefits of pursuing land deals with long closing periods and flexible terms. They emphasize the importance of creativity in land deals and how their business model, which focuses on zero-down deals with high potential margins, sets them apart. The conversation ends with a reminder to submit deals to The Hive Buyers Club.
Overview of the 60-Acre Deal (0:00 - 0:26)
Discussion of locking up a 60-acre property for $3 million with favorable terms, including $14,000 for a year of due diligence and three years of seller financing.
Unicorn Deal Terms (0:26 - 1:02)
They talk about the uniqueness of the deal, highlighting the 550 days to close, interest-free seller financing, and the agent’s surprise at the terms they negotiated.
Creative Strategies in Land Deals (1:02 - 2:27)
The conversation shifts to the importance of creativity in land deals, discussing how creative offers lead to exceptional deals, and how they avoid lowball offers by negotiating terms that benefit both parties.
Advantages of the Business Model (2:27 - 4:35)
They discuss the advantages of their business model, which focuses on zero-down creative deals, and how it allows them to manage cash flow effectively while securing high-value properties.
Reflection and Future Plans (4:35 - End)
The conversation wraps up with reflections on the complexity of the business, the continuous learning involved, and a call to action for listeners to submit their deals to The Hive Buyers Club.
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