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Negotiating Creative Finance Deal with Self Storage Seller | Live Call
In this live call, I try to beat a seller's best offer of 1.5 million dollars at 5.2% interest to help the seller finance a self-storage property with debt. My objective with this call is to pitch a better deal to the seller. However, despite my efforts, the seller does not find my offer as attractive as the existing one and declines his pitch.
I wanted to keep his numbers the same since the deal wasn't as appealing to him either, and by looking at expansion, the returns would be immediate. He decided to leave the offer that was declined as is and move on. However, before ending the call, he advised the seller that the 1.5 million dollar offer would not be approved by the bank since it didn't meet the bank's requirements.
Follow along as I negotiate a creative finance deal with a self-storage seller and provide valuable insights into the negotiation process.
Timecodes
0:00 Video Overview
0:14 Going Over the Offer
4:05 Retrieving Their Best Offers' Numbers
5:46 Analysis The Deal to Pitch Another Offer
10:55 Will Seller Take the New Offer?
19:26 Why the Deal Didn't Make Sense for Me
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