10/05- 4:44 Dealmaker's Digest Newsletter

Author

Mark Evans DM
October 05, 2024

Sounds crazy, right? But this is the real deal. 📈 Imagine pulling off a business deal where you don’t have to fork over your own cash, yet the returns are huge. In today’s episode, I’m breaking down how I made $480,000 on a deal without spending a dime upfront. It’s all about creative thinking, knowing when to strike, and understanding the other party’s motivations.

4 Thoughts to Kickstart Your Day:

  1. Creativity Wins: You don’t need big capital to make big deals. It’s about thinking outside the box. Find opportunities that others overlook, and structure deals to benefit both sides.

  2. Leverage the Seller’s Motivation: When you know what the seller really wants—whether it’s speed, certainty, or relief—you can tailor your offer without even using your own money.

  3. Timing is Everything: Deals don’t happen by luck. They happen when preparation meets the right moment. Stay ready, so you can seize opportunities when they arise.

  4. Trust is Currency: Building trust with sellers, partners, and investors is priceless. When people trust you, they’ll work with you, even if your offer isn’t the highest.

4 Lessons Learned:

  1. Seller Financing is a Game-Changer: You don’t always need to come up with cash upfront. Seller financing allows you to take control of the property and pay the seller over time, creating a win-win situation.

  2. Know the Numbers: In any deal, if you don’t understand the numbers, you’re flying blind. Learn how to assess deals quickly and accurately to know if they’re worth pursuing.

  3. Don’t Be Afraid to Ask: Whether it’s for financing, more favorable terms, or creative clauses, you won’t get what you don’t ask for. Sellers are often more flexible than you think.

  4. Expect the Unexpected: No matter how well you plan, things will go wrong. Be ready to pivot, and don’t panic when challenges come your way. Flexibility is key to staying in the game.

4 Challenges to Conquer Today:

  1. Find One Creative Deal: Look at a property, business, or asset you’ve had your eye on. Instead of traditional financing, explore ways you can make it happen with seller financing or other creative options.

  2. Connect with Sellers: Reach out to at least one potential seller today. Build rapport, ask about their motivations, and start forming a relationship. This is where deals are born.

  3. Learn a New Strategy: Whether it's seller financing, lease options, or another creative method, commit to learning a new deal-making strategy this week.

  4. Push Past the Fear: Identify one area of fear that’s been holding you back. Is it asking for financing? Pitching a deal? Take one bold action to push through that fear.

Quote of the Day

“Opportunities don't happen. You create them.”

- Chris Grosser

Keep it simple, focus on creative solutions, and watch your wealth grow.

Until Tomorrow,

Mark Evans DM

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