The search for the perfect deal
Entrepreneur of the Week Karin Pobolutsky - Ravitchev # Post 2
I think this is my favorite reason of all for the simple reason that it is incorrect in its definition.
Is there really anything in the universe or someone that is perfect?
In my head if I was 175 meters, lush and wavy hair and body 90-60-90 then it is perfection. On the other hand, someone is 175 meters tall, has abundant hair and is 90-60-90, but she has a completely different definition of perfection in her head. For her, perfection is walking around the world, and a white dog named Punch is perfection.
The point here is basically that something perfect needs a definition and that perfection varies from person to person.
If we go back to real estate here is my definition of the "perfect" deal -
- Buy at 30% below market price
- 30% refund on the money after financing
Cash flow is $ 250 per door
It's perfection.
And believe it or not… .. I found her !!!! My perfect deal… ..
but………. She was my third deal… .. I had 2 before her that took my soul out and made me want to stop with this whole thing once and for all a very large number of times.
So where's the problem?
The problem is that when Excel meets reality - reality determines.
What do we have in reality?
- Rain (sometimes even in summer. Ohio)
Supply problems and shortages
- Delays in the schedule
- Treasures that are discovered when you take down a wall or carpet
- liquidity
Contractor. point.
- Inspectors from the municipality
- etc. etc. etc. etc.
At the end of the day, what happened to the deal ??? She's not perfect anymore ???
And that's exactly the point is to understand that this is just another deal !!!
Perfect or not she makes me money. It makes money for my investors… .. and it creates a cash flow that is acceptable to all of us. It went into my personal statistics and is absolutely much better than my first 2 and my favorite and also the moment to learn not to be emotionally attached to transactions.
What I learned here -
The realization that without the first 2, I might not have been able to understand that this was a good deal.
I might not have seen her at all.
I may not have had the right staff to deal with everything that came up and still save on expenses.
And maybe without my bitter experience in 2 trades before it I did not have the knowledge to solve the problems that arose in the best way that still made this deal very worthwhile.
A perfect deal is in the top and then in Excel, compared to the reality where there is only the reality.
“Perfect” deals come from connections and how will there be connections if no one knows who you are and whether you are even able to close.
A “perfect” deal comes from the ability to solve problems optimally while doing and how exactly will you know what problems can arise or how to solve the problems that have arisen if you do not have the experience?
A “perfect” deal comes from a good and reliable team that knows how to work and solve problems on its own and how will you have a team if you have not done anything yet ……
"To dream is a form of planning" - Gloria Steinem.
In the photo - the "perfect" property of
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