In today’s episode of The Art of Passive Income—Round Table edition, Mark is joined by:
- Mimi Schmidt
- Tate Litchfield
- Scott Bossman
- Erik Peterson
- Aaron Williams
- Scott Todd
Scott Bossman brings up an interesting and challenging situation that he faced last week. One that raises Mark’s blood pressure and leaves him feeling anx-gry and the whole gang riled up!
He had an intake deal in progress with a gentleman that he connected with on a personal level. The seller told Scott that he had owned this property for over 30 years and Scott’s offer was the first one he had ever received. They agreed on a price and everything was good to go until another investor sent an offer right before the deal was done and the amount was double Scott’s offer.
Should Scott hold the seller to the original agreement since he had already put in all of the work, or just offer more money since he already had a buyer in place?
And, what about the other investor who is also a community member, should Scott reach out to them to let them know that their offer is too high for the area?
Everybody weighs in on how they would proceed.
Then, Scott Todd tells us about a little scarcity experiment he performed in an area rich with land investors. He ran the analytics on APN numbers and the number of times they were mailed to and the results may shock you!
Listen in to find out what that number was and to hear the outcome of Scott B’s. situation.
TIP OF THE WEEK
Mimi: Check out WhitePages.com—a less expensive alternative to Intelius.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?
