The One Skill You Should Learn Right Now to Buy Real Estate in a Recession with Jeff Stephens

Is the deal worth doing? This is a question we must ask before engaging in a transaction. However, we often chase after things that are not worth our time and later regret it. So how can we save ourselves from such a predicament? Follow the advice of today's guest, Jeff Stephens, to determine if you should move forward with the deal or not.

Jeff is the Founder of The Thoughtful Real Estate Entrepreneur and host of the podcast Racking Up Rentals. He is a full-time real estate entrepreneur and real estate investing mentor, coach, and podcaster. Jeff was previously featured in Wealth Without Wall Street Podcast Episode 196 and is here today to continue the conversation. In this episode, Russ and Joey chat with Jeff about buying off-market property without a mortgage. Take advantage of the opportunity to discover the one skill you should learn to succeed in real estate in a recession.

Top 3 Things You’ll Learn:
The Magic Seller Relations Question
The importance of Negotiation Dynamics
Strength-Based Investing

You can also listen to Episode 196 of Wealth Without Wall Street with Jeff Stephens:
https://www.wealthwithoutwallstreet.com/podcast/a-thoughtful-approach-to-buying-properties-with-jeff-stephens

About Our Guest:
Jeff Stephens has been a full-time entrepreneur since 2003. He ran a marketing agency for ten years, specializing in brand strategy for community banks and credit unions. In 2006, Jeff discovered “Rich Dad, Poor Dad,” which changed his life. He immediately began devouring education about real estate investing and quickly bought his first rental property–a triplex in Portland, Oregon. In 2013, Jeff sold his marketing agency and transitioned to full-time real estate entrepreneurship.

Connect with Jeff Stephens:
The Thoughtful Real Estate Entrepreneur - https://www.thoughtfulre.com/
The Deals Workshop - https://thedealsworkshop.com/

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https://go.wealthwithoutwallstreet.com/innercirclelive

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4:46 - Why is it so important right now to talk about buying properties in the market when interest rates are high and prices of homes are coming down?
7:32 - What are the different ways to buy properties?
10:13 - What is the method for finding properties that have been most successful for you?
14:45 - What would you add to the criteria for identifying why a particular seller is a right fit for you?
17:31 - We like people who are just like us, so when you reach out to these people, and they respond, you hit it off because you're naturally the same and think the same. Am I correct?
20:47 - Can you give me some of the top questions you get back from potential sellers?
24:31 - Talk about someone who is not open about owner financing and needs the money today. Does that immediately shut off the opportunity for you?
28:27 - What are those one or two questions that you ask when you have to initiate because the seller didn't open the door for you?
33:09 - What would be your additional exit strategy if you really want the property, but they aren't open to seller financing?
36:07 - Where would you send people who want access to your knowledge but cannot make it to our live event?

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www.wealthwithoutwallstreet.com/podcast/the-one-skill-you-should-learn-right-now-to-buy-real-estate-in-a-recession-with-jeff-stephens

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