283: David vs Goliath: Closing a $16.3M Deal
When someone wants to sell a property, they often go through 'the process.' They get professional photos, put together an offering memorandum, have prospective buyers tour the property, and take a call for offers. In this episode, I’m going to break down how we closed the deal on a property called Stuart House, and beat a Goliath in the real estate industry.
The owners had many offers and eventually narrowed it down to our team and one from a much larger buyer with a billion-dollar portfolio and over 55 complexes. Ultimately, they chose to sell to us for $16.3 million.
What was the deciding factor? The seller liked our portfolio, our track record, and our value-add plans for the property, which made all the difference.
I'm excited to share how this deal went down with you today. You'll learn how we won the deal and what our plans are for the property. I'll also explain why it's so important to find your niche, and be ready to step on the field of battle and do what you do best.
Key Takeaways with Josh Cantwell
- How our track record of proven successes helped us win the Stuart House deal.
- Our planned renovations for Stuart House.
- How we aim to arrive at a final valuation of $27 million after making $2.5 million in improvements.
- Why it’s so important to have a niche as a buyer.
- How to think about your business plan with a big-picture goal in mind.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/283
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