Dean Graziosi breaks down the "25 to 1" system from a recent live event: instead of bidding on listed properties, you make offers 30-50% below asking on homes others skip, cutting competition from cash buyers.
March 29, 2013.
30%, 40%, or 50% below the asking price.
Hi, this is Dean Graziosi, and welcome back to the weekly blog. Hey. I wanted to say the event was absolutely amazing. I enjoyed meeting each and every person that went there. It was an amazing event. But all the wisdom, capability, direction you need is right here on this blog, right within my books, and right in our real estate success academy. So just so you didn't go doesn't mean you're not part of the club or part of our family. Would have loved to have you there, but if not, just get, get to studying and see the inspiration the people got who are there. Use that for yourself and take your dreams to the height and the level that they deserve, because anything is possible with real estate in this economy and you taking action. Here's what I'm going to do right now. I'm just going to play a little clip of some of the things that happened at the event so you can have a big takeaway for the week. Take care. See you next week.
One of the reasons why the 25 to 1 system works is, you know, when somebody's new and they're starting in real estate and they're trying to find a good deal, a lot of times what they do is they, you know, they get on realtor.com or they talk to their real estate agent, they pull listings and they're looking for the cheapest deals that they can find, whatever, the ones that cost the least, that's where they start. Well, everybody else is doing that too. So you have all this competition. So I got frustrated in the beginning because every time I went to go buy a property, somebody else always beat me to it. And he's usually a cash buyer, so he had an advantage over. Over me. So then, so what I started to do was I thought, well, what if I. What if I bought the properties that nobody else was bidding on by buying, you know, putting. Putting in offers, you know, at 30, 40, 50% below what they were asking. And I found, What I found was I didn't have a lot of other competition. So, you know, that was really, that's.
A really good point.
That was the really good point to my success. I mean, it was like all of a sudden I went from, you know, 10 offers getting put on a property. I'll hear some of you guys talk about that. You know, I'm going to buy a property and there's 10 offers on it. You want to find the ones that nobody else is doing that to. And a lot of times you create all this equity and no competition by offering a lower price.
