Ep52: Impasse Reached vs No Impasse: What Happens? - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 14 January 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
The negotiation process in buying a property for an investment can be difficult for both parties involved. You have to understand how to create an impasse correctly especially if you don't see progress in an agreement. You should also consider your goals to get negotiations moving because if not, you will only end up wasting your time and effort.
In this episode, Marco and his co-hosts talk about how to deal with the seller during negotiation the right way, and some of the things that you should know to get familiarized with how an impasse works.
WHAT YOU’LL LEARN FROM THIS EPISODE
- What is Impasse?
- Creating an Impasse in Negotiation Process
- Getting to an Impasse the Right Way and Possible Effects if You do in too Fast
- How Impasse Gives You Power During Negotiation
- Symptoms of an Impasse Not Being Done Properly
- Signs That Impasse Was Reached Correctly
- Importance of Creating a Solution to Have the Seller Signed in Your Terms in Buying the Property
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
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| 0:00.0 | It's a horrible thing because you can't have the seller in control of when you want to close. |
| 0:05.0 | The golden rule is whoever has the gold makes the rules, but in this case the seller will always try to make those rules, |
| 0:12.0 | unless an impasse is really reached. |
| 0:14.7 | Welcome to the big fat real estate checks podcast with Marco Kuzlowski |
| 0:21.9 | where we help investors like you get the knowledge and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:30.0 | Hey everyone, welcome back to hopefully a super duper awesome episode where we're joined |
| 0:36.3 | today with Frank Galuchio and Gabriel Adaiish and of course my name is Marco Kaclowski, your semi-fearless leader as we go through the journey of using |
| 0:47.1 | other people's money OPM to build our wealth, our passive income, and create generational wealth not only for ourselves but our family and our |
| 0:55.6 | children's children's children's grandchildren's grandchildren and so on and so forth and very exciting times |
| 1:01.6 | very very amazing times in fact and today we're going to |
| 1:05.4 | tackle something that is extremely important at least in the processes that we've |
| 1:09.7 | created over the last couple of decades which is an impasse and what happens if you aren't actually |
| 1:16.4 | at a real impasse. Now an impasse if you've not listened to last episodes I highly recommend that you listen to as many as you can and |
| 1:24.7 | through you listening and downloading we appreciate you bringing us pretty close to |
| 1:28.4 | the top podcast in iTunes so we're very very grateful for that and of course share this if you love the information tell as many people as you know |
| 1:36.0 | as we want to help as many humans as possible achieve financial independence so you |
| 1:40.6 | don't have to work for money you can actually have money work for you. |
| 1:43.7 | And today we're going to tackle what happens if you don't get to an impasse when you're |
| 1:49.6 | presenting an agreement or wanting to move to the next step which is tying up the property |
| 1:54.4 | and actually buying it. Most people when they first get involved in a real estate |
| 1:57.9 | they want to make an offer and it get accepted which is the worst thing you can do in my |
| 2:02.1 | opinion. |
... |
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