Comments on: How not to submit offers – Liberty Acquisitions – Jon Long http://buildbankroll.com/2010/07/how-not-to-submit-offers-liberty-acquisitions-jon-long/ Wed, 25 Jan 2012 20:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: GD http://buildbankroll.com/2010/07/how-not-to-submit-offers-liberty-acquisitions-jon-long/comment-page-1/#comment-770 GD Wed, 08 Sep 2010 18:01:17 +0000 http://buildbankroll.com/?p=1159#comment-770 I got an email offer from this arrogant bottom feeder yesterday on a listing that I have. I called him to ask how anyone would take him seriously and he went on about how he closes 15 to 20 deals a month. Yeah, right... I got an email offer from this arrogant bottom feeder yesterday on a listing that I have. I called him to ask how anyone would take him seriously and he went on about how he closes 15 to 20 deals a month. Yeah, right…

]]> By: cgabhart http://buildbankroll.com/2010/07/how-not-to-submit-offers-liberty-acquisitions-jon-long/comment-page-1/#comment-694 cgabhart Sat, 31 Jul 2010 14:33:36 +0000 http://buildbankroll.com/?p=1159#comment-694 I used to like toying with people like this. Since it is a LOI and non binding you should set up appointments with him at your properties, get him all excited make him jump through a bunch of qualification hoops and then pull the rug out from under him. I hear people talking about making blanket low ball offers all the time and it's a joke. For one no one takes a 40% reduction off there price especially in the initial offer. It just isn't going to happen. When we buy deals 40% off we are really buying properties where we are creating the discount through repositioning the property most of the time. And you hit the nail on the head with credibility. His name will get associated with wasting peoples time and when he finally learns to be serious he is going to have a real tough time building that credibility back up. I used to like toying with people like this. Since it is a LOI and non binding you should set up appointments with him at your properties, get him all excited make him jump through a bunch of qualification hoops and then pull the rug out from under him.

I hear people talking about making blanket low ball offers all the time and it’s a joke. For one no one takes a 40% reduction off there price especially in the initial offer. It just isn’t going to happen.

When we buy deals 40% off we are really buying properties where we are creating the discount through repositioning the property most of the time.

And you hit the nail on the head with credibility. His name will get associated with wasting peoples time and when he finally learns to be serious he is going to have a real tough time building that credibility back up.

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