Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Time Kills Deals for Real Estate Investors

Name: Time Kills Deals for Real Estate Investors
Uploaded: 2024-03-05T01:02:57+00:00
Duration: 33 s
Channel: Wayne Courreges III
Description: A short YouTube excerpt in which a real estate investor (speaker) argues that delays in transaction processes—particularly slow attorney responses on PSA…

5 Mar 2024 · 1 min

Watch on YouTube

0:33

A short YouTube excerpt in which a real estate investor (speaker) argues that delays in transaction processes—particularly slow attorney responses on PSA revisions—can cost deals. The speaker recounts losing a promising deal two years prior because a well-known attorney took too long to return comments, causing the seller to choose another direction.

Chapters

Time kills deals. In every aspect of a real estate transaction, time kills deals. I've had a deal where, I mean, I was so excited. It worked, the numbers worked, it was fantastic. The attorney killed my deal. He took so long to get a PSA back and forth. And I won't say a name, but he's one of the celebrity attorneys out there that we all probably see in here on Facebook and these masterminds, etc. But, you know, I'm still worked up about it, and that was two years ago, because I was like, man, that was a great deal. You screwed me because you took too long to get my comments back. And then they decided to go a different direction.