4.4 • 716 Ratings
🗓️ 4 October 2024
⏱️ 23 minutes
🧾️ Download transcript
In this powerful episode of the Wise Investor Segment, our host Matty A. delivers a crucial message for anyone looking to thrive amidst the upcoming season of hardship, chaos, and life-changing opportunities. Matty A. discusses knowing when it's time to walk away from a real estate deal! Tune in for an inspiring and transformative discussion that will prepare you to face the future with confidence and clarity.
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0:00.0 | What's going on, guys? Welcome into today's show. We are going to be digging in to when it's |
0:12.5 | time to walk away from a real estate deal. This is probably one of the hardest things to do as a real |
0:20.6 | estate investor and one of the most important disciplines |
0:24.7 | to learn as a real estate investor. This could be, and I have seen it be, the difference between |
0:30.1 | people getting their ass kicked and running away from real estate with their tails in between |
0:35.5 | their legs because they bought a bad deal. |
0:38.1 | They didn't walk away when they should have. They ignored all the red flags and it ended up costing |
0:44.1 | them, costing them time, costing them money, costing them stress, you know, so many things that could |
0:51.2 | have been avoided. And on the other side, you know, making sure that |
0:57.9 | when you are really looking at all of what we call the green flags and doing your due diligence, |
1:03.5 | it gives you all the confidence to be able to move forward on these opportunities. And when you're |
1:09.1 | new in the real estate space or shoot, I'm not even going to say new, I just had to walk away from a deal that I was not only one financially invested heavily into, but timewise invested heavily into and emotionally heavily invested into. |
1:30.8 | And that can be really challenging. |
1:34.4 | And for a lot of people who don't have that financial or investment experience or |
1:39.9 | discipline already built up, it can be really hard to walk away from those kind of deals. |
1:45.5 | And so today we're going to talk about how to identify red flags in a deal when it's time to |
1:49.8 | walk away. What are some of the key green flags that, you know, kind of indicate you got a |
1:54.3 | solid investment opportunity on your hands, you know, the importance of having clear criteria, |
1:59.7 | non-negotiables before you enter that deal so |
2:02.2 | you know when to walk away if those things start getting out of alignment with that criteria, |
2:06.8 | those non-negotiables, you know, why emotion can cloud your judgment, you know, and just |
2:12.4 | talking through, you know, some other key things that I think can help you on your real estate investing |
... |
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