Do you want to figure out exactly when is the right time for you to be writing an offer for real estate?

Well, in this video I’m going to give you a couple of tips, so that you can start to go out and create much more productivity for yourself!

When is the right time to write and send in your offer, as it relates to real estate? And I guess really, it comes from a couple of different things. Number one, I was recently speaking to a friend of mine, who I’m also helping out with some mentoring, who is looking for his first multifamily property. And so as we were going through this, we’re having a lot of different conversations. And it’s something that I want to share with you.

But at the end of the day, I was having a conversation with him recently because he had a really nice offer that he wanted to put in. Now as most of you know, I’m also working and traveling during the day. I have a full-time job, and so sometimes it may take a little bit of time to get back. And so this happened to be a couple of days before we could get in touch with one another because of time zones and things like that. But I guess at the end of the day, it kind of makes me think about, there was this, I think it’s a proverb. I think it says something to the effect of the best time to plant a tree was 20 years ago. The second best time is to do it now. And so it makes me think a lot about the offers. Right?

And just to give you an idea what happened was, this friend of mine, who I’m also, like I said, giving some mentoring, he was really excited about putting in an offer. And as I’ve talked about in other videos, there are some ways that I like to be able to make a decision very quickly as to whether or not I’m going to be putting in an offer. Right? And I’ve talked about the 1.5% rule. Or you may use the 1% rule, or the 1.25% rule. Whatever your rule is, that’s a rule of thumb to help you to be able to move much faster because at the end of the day, part of real estate is about being able to move very quickly.

And so as we went through this conversation, we finally had a chance to catch up with one another. I asked a question. What is it that you were making your decision on in terms of putting in an offer, or writing the offer, and sending the offer? Not just writing it, but writing it and sending it. And his response was really, he wanted to wait until we had a chance to speak to one another. So when we went through, and I was asking him the questions, it came really, really clear to me that he was clear and comfortable. I guess he was just looking for a little bit of validation. And so what I would say is, at the same time I was talking to my friend, I said as we were going through, “Help me understand what happened. Did you end up putting the offer in?”

And because he was waiting and waiting and waiting, by the time he put the offer in, the property was no longer available. Right? This multifamily was already under contract. And the reason I’m sharing this with you is this is something that happened to me a lot when I was getting started as a real estate investor. I always wanted all of the lights to be green before I left the house, so that I could get to my destination. And I don’t want to same thing to happen to you. And it’s just like I told the guy that I’m giving the mentoring to. I said, “Listen. You know the rules. You know what your parameters are, so go ahead and put the offer in now, like now o’clock is the time to be putting in the offer.”

And so it made me think that if he’s going through that, and I know it’s something that I’ve been going through. What I would say to you is when you are thinking about putting in the offer, just put the offer in. What is the worst thing that can happen? The worst thing that can happen is they reject your offer. Right? There are a lot of other things that can happen too. They may counteroffer. Well, yeah, they can either say no. They can counteroffer, or pretty much, well, or they may never answer you, which would actually be pretty bad.

But I would say that’s what is important to recognize, is that it’s not a life ending situation. You put the offer in once you know that it meets your criteria, so that you can get the conversation started with the seller or the sellers. Right? That is the whole point of putting in an offer. So when is the best time to put in an offer? Just kind of like that tree, you should’ve planted it 20 years ago. The next best time is now. I wanted to share that with you because I want you to make sure that you’re in the conversations, that you’re in the moment, and that you’re working on building your portfolio. And the same way that I had to break through that trying to be perfect about everything, I want you to be able to do exactly the same.

Like I said, I like to make these videos to help you to be able to move forward. This is really about being able to help you not only make more money because you’re going to get more and more offers accepted. Once you do that, you’re going to start to build up your income, on your passive income specifically, which is going to help you really to give a completely different way of going into your 9:00 to 5:00. Or you may be like me, moving towards doing real estate as a full-time thing. But I want you to also be able to have less stress in your life. It kind of kills three birds with one stone, so to speak.

Anyway, love to know what you think about this, what you think about: When is the right time for you? I’ve given you my reasons why I think now is the right time for you to be putting in the offer. Love to hear what you think. Once again, feel free to share this with anyone you think can also use this bit of advice today. And I really look forward to hearing from you. So once again, this is Billy Keels with KeePon Cashflow. That’s my two cents for today. And as always, hasta la próxima.

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