Oct 11 2024 15 mins
In this episode, Palak and Niti break down the 10 biggest mistakes that both new and seasoned investors make when negotiating real estate deals and how to avoid them.
Drawing from their personal experiences, their $10 million portfolio journey, and insights from the Open Spaces community, they share real-life examples and practical tips on how to avoid these common pitfalls.
Whether you're just getting started or looking to sharpen your negotiation skills, this episode will equip you with the knowledge to avoid costly mistakes and maximize your success.
"Don't let your ego get in the way. Ego costs opportunities." ~ Palak Shah
In this Episode:
00:00 Intro
01:19 Letting your ego get in the way
02:57 Not doing your numbers properly
06:09 Always have a contingency
07:10 Not knowing how to make quick decisions
08:51 Wanting perfection
10:02 Not managing your expectations
11:07 Not offering options to a seller
12:43 Not knowing what your seller wants
13:42 Expecting to negotiate on the price and terms all at once
Resources:
- Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K
- Book a call - http://www.openspaceswomen.com/bookacall
- FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
Connect with Palak and Niti
- Website: https://www.openspaceswomen.com/
- Instagram: https://www.instagram.com/openspaceswomen/
https://www.instagram.com/openspacesacademy/
- Facebook: https://www.facebook.com/openspaceswomen
- LinkedIn: https://www.linkedin.com/company/openspacescapital/
- YouTube: https://youtube.com/@openspaces1251
- TikTok: https://www.tiktok.com/@openspacesacademy
https://www.tiktok.com/@openspacesacademy