Who Says There are No Do Overs, hasn't Worked with Investors!

By
Real Estate Agent with Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC RB14037276

He, Who Says There are No Do Overs,

hasn't Worked with Investors!

I remember just after I had passed my State Real Estate license exam, I mentioned to my instructor that I had picked up an investor.  I was excited to tell her, but all she said was, "He will run you ragged".  Even with my enthusiasm, i was still determined  to sell him a bunch of houses.

I guess I must have been a slow lerner, because we had lots of Do Overs during the year I worked with him.  I ran him all over two counties (Rather, he ran me all over two counties) putting in offer after offer, that were way under asking price.  His response was, "We'll get the next one".  Over and over, were yhose low-bll offers that never went anywhere. I eventually quit working with him and spending my money on gas.

I now have a couple of investors, but they are more reliable investors, that will listen to what I have to say, when i suggest a full price offer. With my first investor, years ago, I never closed a sale, but now my communication with clients is much better. 

 

You can do something over, but have the wisdom to do it wisely the second time.

 


 

This is my entry into Grant Schneider's December contest, "Who says there are no do overs?"

Thank you Grant for hosting this December contest.  It help me realize how far I have come since I started almost 7 years ago.


  

If you know someone who wants to Buy or Sell a Home in

Elkhart, St Joseph, LaGrange and Kosciusko Counties, in Indiana

Call me:  Larry Johnston, 574-304-7577

 

"We have agents to serve you with your Real Estate needs"

Friends & Neighbors Real Estate

and Elkhart County Subdivisions, LLC, Elkhart, Indiana,

or email larry@larry-johnston.com 

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Ambassador
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Grasshopper you have learned well. Great post Larry. I hope all is will with you.

Dec 29, 2016 07:52 PM #1
Rainmaker
1,946,816
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Larry Johnston - Live and learn.  You learned how to qualify serious investers!  There are many "investors" out there with business cards that say "We buy houses for cash."   They aren't going anywhere.

Dec 29, 2016 09:21 PM #2
Rainmaker
3,209,690
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Larry great point you have to learn from your "life experience" is what I like calling it...  I have learned to work with developers just to give you an idea, I sold one a vacant lot, then a huge development vacant lot, then a house and then another vacant lot in less than three years... so yes they can be good... thanks to DocuSign it makes life easier... than twenty years ago:))Endre

Dec 29, 2016 09:44 PM #3
Ambassador
1,645,120
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Larry, I have been doing investors for my whole 26 year career and I agree, some of them can drive you batty, but once you define who you want to work with it is the best real estate you can do.

Dec 30, 2016 05:15 AM #4
Rainmaker
3,639,591
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Larry. I like Noah's comment and agree. It isn't the type of consumer, it is the quality of the person. Happy New Year.

Dec 30, 2016 06:54 AM #5
Rainmaker
4,432,267
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing. Happy New Year to you and your family. Good luck in achieving your goals in 2017.

Dec 31, 2016 04:52 AM #6
Rainmaker
304,109
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

I would much rather work with an investor who at least does a drive-by (on his/her own), instead of window shopping on the internet and then expecting me to jump at every inquiry.

Dec 31, 2016 01:45 PM #7
Rainmaker
3,205,950
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Larry Johnston and great blog as always from you.  Hope 2017 will be another great year for you in Real Estate!

 

Jan 01, 2017 10:29 AM #8
Rainmaker
2,394,979
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I remember the frustrations you went with back then. Now your Investors respect you and your time.

Jan 05, 2017 07:28 PM #9
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Larry Johnston

Broker,Friends & Neighbors Real Estate, Elkhart,IN
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