Tommy Dobczyk negotiates with sellers to cover holding costs after purchase, freeing him to focus on renovations that increase property value. He'll pay full price if it means getting time to add value and earn a higher return on the eventual sale.
Chapters
when I say, Tommy, are you gonna hold it for me? 'Cause here's buy something, I have to put it in holding costs. I have holding costs on it until I get done with it, with whatever I'm gonna do, right? So if I can get the current owner to do the holding costs for me, and that's all I gotta worry about is just getting the work done on it until I can make money off of it, and they hold the thing with holding costs, that's doable in some situations because then when I buy it, it'll have a bigger value to it than what they sold it to me for because they, they did it and like they held it for 6 months or a year. And so there's been a couple of those where like we can, we can do those. And, and it's, and it's, you know, beneficial. But again, we're negotiating time over money and I'd rather have time than money. I'll pay full price if I can, if I can get the time to make it worth more money because I'm good at that. Right.