Will Brokers Discount You If You Never Win A Best And Final?

Top 10 Real Estate Investor Videos:
#1 Multifamily Investors Who Dominate Book: • Multifamily Investors ...
#2 Mike Warren’s Top Rules for Buying Commercial Real Estate: • Mike Warren's Top Rule...
#3 Why Motel Hotel To Apartment Conversion Is Hot Real Estate: • Why Motel Hotel To Apa...
#4 Real Estate Apartment Tour - 37 Units in Tallahassee: • Real Estate Apartment ...
#5 Real Estate Apartment Tour - 43 Units in Tavares & Eustis: • Real Estate Apartment ...
#6 Real Estate Apartment Tour - 16 Units in Gainesville: • Real Estate Apartment ...
#7 How Real Estate Professionals Can Hire Paid Personal Drivers: • How Real Estate Profes...
#8 Top 5 Reasons Real Estate Agents Should Hire a Coach: • Top 5 Reasons Real Est...
#9 Real Estate Apartment Tour - Lakeshore Towers in Gainesville: • Real Estate Apartment ...
#10 Make Money Make Sense Podcast with Dante Belmonte: • Multifamily Real Estat...
If warranted, please consider liking and commenting on this video and subscribing to our channel at kzbin.info.... Be sure to hit the notification bell so you can be aware of the next video as soon as it is posted.
Be sure to grab my best selling book "Multifamily Investors Who Dominate" on Amazon, Audible, or Kindle at www.amazon.com/Multifamily-In.... Your competition is reading this book, I promise you :)
Be sure to check out our most popular playlists:
• Advanced Real Estate Investing for Buyers: • Advanced Real Estate I...
• Real Estate Analytics For Investors: • Real Estate Analytics ...
• Real Estate Investing for Beginners: • Real Estate Investing ...
• New Real Estate Listing Property Tours: • New Real Estate Listin...
• Podcast Interviews with Beau: • Real Estate Podcast In...
• Funny Quick Tips on Investing: • Playlist
I'd love to connect with you:
• My Website: www.beaubeery.com/ and subscribe toward the bottom of page
• Facebook: / beauknowsmultifamily
• Instagram: / beaubeerygville
• LinkedIn: / beauknowsmultifamily
• Twitter: / beaubeery
• TikTok: / beauknowsmultifamily
• Clubhouse: @beauknowsmulti
#valueaddmultifamily, #multifamilyinvesting, #multifamilyrealestate, #realestateinvestingstrategies, #beauknowsmultifamily, #BeauBeery, #multifamilyrealestateinvesting, #multifamilyinvestingpodcast, #multifamilyinvestmentproperty, #multifamilyinvestor, #howtofindmultifamilyproperties, #howtofindmultifamilydeals, #multifamilyrealestateinvestingforbeginners, #multifamilyinvestingforbeginners, #whatdorealestateinvestorsdo, #multifamilyinvestornation
Disclaimer: Please see the link for our disclaimer policy for all of our videos on the Beau Knows Multifamily KZbin channel: beaubeery.com/youtube-disclaimer

[@JoshRoosen]

Great stuff Beau! 👊🏼

[@BeauKnowsMultifamily]

thanks for giving it a look over Josh.

[@gulfcoastmultifamily2961]

Great video! What percentage of buyers do you usually take through in a tour before they offer or before the call for offers?

[@BeauKnowsMultifamily]

For Call For Offers if someone wants to tour I make sure A) I've qualified them (proof of experience and funds if I don't know them already) and B) that they've signed the CA, underwritten the property and as a result are comfortable with the ask price....or reasonably close to it. I let them know I don't want to waste their time meeting with them f they aren't getting anywhere close to the price on paper. Most buyers that have been around the block, and that I know are qualified, and they know that market or submarket, elect not to tour until they've made Best and Final. I would say I probably physically tour less than 20% of those buyers that have offered for a Call For Offers. Best and Final: For those that have made the Best & Final, I encourage my seller not to choose any buyer to go to PSA with unless they have physically walked the property. Doesn't make sense otherwise. The only exception to that rule is if that buyer already knows that property well from prior dealings and don't need to see it.....combined with I know them and they are well qualified. If someone makes Best and Final and refuses to tour the property unless they've won Best and Final (this mostly happens if they are out of state), then their offer would have to be so significantly better than everyone else's to take the risk of contracting with them prior to them viewing. Otherwise, their offer loses a ton of weight. Hope that helps.

[@brandonvukelich3283]

Good stuff! Curious...what % of time are you receiving LOIs on your listings and how often do you submit one for a buyer vs just writing up a full offer from the start? Is there a ballpark size (unit count i.e. 20+) where LOIs are used 100% of the time?

[@BeauKnowsMultifamily]

Good question Brandon. Once you get above 10 units for the most part it goes to LOI first, not a purchase contract. For me personally though, I prefer LOIs for any deals over 2 units because it is a faster, cleaner way for my sellers to gauge where a buyer is without having to read pages of legalese from a contract. Also, it eliminates time for the buyer since it can usually be done within one page and quickly. Also, most deals we list have multiple offers on them so having to read thru lots of contracts is time consuming. When they are all easy LOIs, a buyer can be chosen more easy and then we can go to contract. Hope that helps.