How do you get BIG PROJECTS? #realestate #money #realestateinvesting #realestateagent #investment

9 Aug 2023 · 1 min

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Short clip of Steve D Valentine explaining how to acquire large real-estate projects. He emphasizes mindset over funds, discusses a specific property listed at about $895–900K (three lots) with seller financing (seller carry), potential down payment of 10–20%, estimated holding cost ~$3,600/month, and that the project will be longer-term. The segment frames financing options and negotiation as part of strategy.

Chapters

So how do you acquire bigger projects like this? See, a lot of people are, you know, they've got a myth that, well, there's no way I can do it. I don't have the funds to do it. It's not that you don't have the funds, it's you don't have the mindset. So let's walk through the mindset. So this particular property is listed on the market at 895, and they're trying to sell it from a standpoint of three lots. We're going to change that. Look at the assisted living facility side. But 895, the people that own it are willing to do a seller carry, which is seller financing. So they're going to require a certain amount down, which might be 10 to 20%. It's priced at 900,000. Maybe there's negotiation room so we can acquire it from that standpoint. Now we're going to have about a 35, $3,600 a month holding cost, depending on the interest rate we can get on. We know this is going to be a longer project. So how do you take care of the funds that you need in order to take on a project like this?