Sep 26 2024 17 mins 1
In today’s episode, Mark explores the many opportunities available through deal sourcing in property.
Many investors overlook the potential to profit from property deals they aren't interested in pursuing themselves. If you find a deal that doesn’t align with your goals, you can package it and sell it to another investor. However, it’s crucial to conduct thorough due diligence before marketing the deal.
A common pitfall is attempting to sell deals that haven’t been secured—meaning they’re still on the open market. To successfully package and sell a deal, you must negotiate a locked-in price with the owner, ensuring that the deal is exclusively yours. If it’s not, other buyers could purchase it directly from the owner, bypassing your finder's fee.
Additionally, if you're considering making deal sourcing your full-time career, it’s essential to ensure that you comply with all relevant regulations. Noncompliance can lead to significant fines.
This strategy is particularly effective because it allows you to focus on larger or smaller deals, and if you encounter a deal that doesn’t fit your criteria, you can sell it to someone who is interested and profit in the process.
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