Your Financial Pharmacist

YFP Real Estate Investing 52: Six Considerations for Making an Offer and Getting the Deal

Broadcast on:: 09 Apr 2022

Nate Hedrick and David Bright reflect on the past year, what they have learned, and share six considerations for making an offer and getting the deal.

Key Points From This Episode

Reflections on a year of this podcast and the growth that our hosts have seen.
The common theme that pharmacists are detail-oriented and risk-averse.
Today’s topic: how to avoid analysis paralysis and get started in real estate investing.
The first of the six things to help with rapid-fire decision-making: setting your criteria.
The second step: knowing your numbers, and where you can find helpful resources.
A helpful rule of thumb: the 1% rule and how it works.
The third step: understanding your area and what to consider when it comes to location.
The fourth step: giving yourself an out and how this relates to writing the offer.
The fifth step: gathering the data about the property.
How to investigate properties from a remote location.
The value of opinions from realtors, contractors, and home inspectors.
The sixth step: making a team decision and how this plays out differently in pharmacies and real estate.
Tips on how to go about building a team and some resources that may help.

Links Mentioned on Today’s Episode