Beyond the “Deal of a Lifetime” Mentality
Real estate investing circles often buzz with the phrase “deal of a lifetime.” While exciting, this mindset can lead investors astray. Here’s why it’s important to focus on a different approach:
The Problem with “Lifetime Deals”
Chasing the elusive “deal of a lifetime” has several drawbacks:
- Intense Competition: These deals attract fierce bidding wars, making your chances of success slimmer.
- Reduced Negotiating Power: The desperation to close can compromise your position, making it harder to get favorable terms.
- Clouded Judgment: The hype can make it difficult to evaluate the deal objectively.
A Better Strategy: Focus on Solid Deals
Instead of fixating on single, spectacular opportunities, prioritize consistently good deals. Think singles, doubles, and triples—with the right strategy and patience, they have the potential to become home runs.
The Power of Walking Away
The most valuable skill in real estate investing is knowing when to walk away from a deal, even at the last minute. Here’s why:
- Strengthens Your Position: The readiness to walk away gives you greater negotiating power.
- Promotes Clear Thinking: It allows you to make objective decisions, not emotional ones.
- Protects Your Investment: Prevents you from getting locked into a deal with hidden problems.
Key Takeaway
Don’t let the excitement of potential “lifetime deals” lead you down a risky path. By focusing on solid opportunities and being willing to walk away, you’ll set yourself up for long-term success in real estate investing.
Private Money Lender – Related posts
ROOM FOR IMPROVEMENT Your hotel is financially distressed and the bank can come to collect. Fortunately, all is not lost. Getting the distressed property off your hands might make sense [...]
Chicago suburbs, the mixed-use property being purchased by an attorney at a discount price. We provided the first mortgage under our no income qualification program. Gelt Financial, is a private [...]
First mortgage closed in Philadelphia on a mixed us property that the owner had purchased and needed to be fixed up. The Investor saw potential value, came to us and [...]
Gelt Financial Corporation, in business since 1989, is pleased to announce its nationwide strategic partnerships to bring its clients CMBS mortgages. This service focuses on loan amounts from $5,000,000 to [...]
With over thirty years in the real estate lending business, I've experienced all the ups and downs this industry offers. My company, Gelt Financial, has facilitated over 10,000 loans, [...]
When it comes to saving money through real estate, leverage is an important aspect. We have worked with a number of real estate investors who fix or flip residential non-owned [...]
FORT LAUDERDALE, Fla., April 14, 2015 - With widespread criticism citing the demand for greater liquidity for minority interest owners in real estate partnerships and real estate crowdfunding positions, QuickLiquidity [...]
Rehab Fix and Hold Gelt is pleased to have closed a mortgage to a local real estate investors in Haverstraw, Part of Rockland County, New York. We provided the investor [...]
The real estate industry has been on the rise for almost a decade now, and it continues to grow thanks to the booming economy. But [...]
You are debating receiving your real estate loans from either a bank or a private lender. There’s been a lot of talks lately about private lenders like us here [...]
Here is what you can do DOWN BUT NOT OUT A distressed property is one that is one that is under foreclosure. Commercial properties such as self-storage centers stand [...]
Gelt Financial, was pleased to provide 100% of the financing to a new investor who found a great deal on a single-family property in Coral Gables, Florida, in need of [...]
Private money lenders are the secret weapon among commercial real estate investors and the reason behind the thriving commercial mortgage industry. Bridge loans and bridge mortgages play a critical [...]
How to Save your Self Storage Center from Financial Ruin Owning a self storage center is great business. However, we have realized that the prospect is less than satisfactory for [...]
How do Investors receive Quick Liquidity for real estate partnerships minority equity interests? One common investment strategy in commercial real estate is to bring multiple real estate investors together [...]
Gelt closed a first mortgage for an investor with the purchase of 6 condominiums all located in the same community. Instead of buying each unit individually, we were able to [...]
Even though mortgage rates are reaching record lows, business owners and self-employed professionals are having difficulties participating in the financial opportunity. Leading news outlets are reporting that it is continuously [...]
We closed the first mortgage for an experienced fix and flip investor cash out on a newly rehabbed SFR in New Orleans LA. Borrower completed a full rehab on the [...]
As seasoned professionals in the real estate lending industry, we at Gelt Financial have witnessed firsthand the critical role that accurate property valuation plays in the success of real [...]
We are loving #Nashville, TN, we just closed an $801,000.00 loan on a retail strip center at 100% loan to cost for an experienced real estate investor. We are fast and [...]
We just closed 4 no income verification investor loans with cashout
Gelt Financial Corporation just closed a no income verification first mortgage for a real estate investor in Pennsylvania on 5 rental properties, the loans were for a 30 year amortization [...]
We are pleased to provide financing for a real estate investor on a cash-out refinance on an investment property in Pennsylvania. The borrower cashed out to pay tax liens as [...]
Finding the right financing is crucial to maximizing returns on your investment properties. With numerous loan options available, navigating the complexities can be overwhelming. That's where Gelt Financial stands [...]
Gelt Financial just provided a First mortgage on a Car Wash in South Carolina. The borrowers were entrepreneurs and this was a collateral-based Mortgage.
An email from a borrower after he paid Gelt Financial off. This is an every day event at Gelt and we are so grateful to our borrowers and love helping them succeed. [...]
Chicago Office Condo Mortgage Closed, No income Verification for owners of Business. "Chicago, Chicago, that title in town, that title in town. I love it. Bet your bottom dollar that you'll [...]
What does the collapse and FDIC take over of Banks mean to our Borrowers and Mortgage Brokers? How will this effect us and you? "Marcy: Hello. Jack: Hey, we want to [...]
Jack Miller gives explains what is a Cap rate and how do I use it in Commercial Real Estate. "Hello, I hope you're having a great day. This is Jack Miller [...]
Gelt closes on a first mortgage cash out refinancing for $300,000.00 on a strip of stores in Detroit. "Jack: Hello, everyone. This is Marcy and Jack. Marcy, what deal are we [...]
Mortgage and Real Estate Professional Tip: If you plan on selling or refinancing real estate, make sure your title to the property is clear and cleaned up. Often there are mortgages, liens, [...]
Why do Professional athletes come to Gelt Financial to borrow money? We dive into it.....
Gelt is excited to provide first mortgage financing for an owner of a day care center in Chicago. He is an experienced operator and this is a new business for him. [...]
In this video, Jack discusses a closed deal in Chesapeake, Virginia. Wherein $220,000 is provided, first mortgage on a mixed-use property to a real estate investor with poor credit. The borrower [...]
Jack Miller answers the question: can someone be a part-time mortgage loan officer or mortgage commercial broker? "Hi, this is Jack Miller. You know, I want to answer a question that [...]
Mobile Home Park closes, in Long Island, NY Gelt has been helping commercial real estate and investment borrowers since 1989. When your bank says NO, we say YES! "Jack: This is [...]
In Bridge Mortgage Loan Paid Us Off | Bridge Loans the video discusses a successful payoff of a bridge mortgage loan from Gelt Financial. The borrower owned three properties but had [...]
Gelt provides Condo and HOA Association Financing when banks won't. Typically banks wont deal with small associations, high delinquency, low reserves or high investor condensations as well as other reasons and [...]
Understand your deal and what types of deals your lenders do is important to being a successful mortgage broker.
A Mortgage broker emailed us and asked us about marketing to banks for turndowns. Lots of opportunities out there for those willing to work at it. Watch the video to learn [...]
Jack Miller and Marcy talk about a $500,000.00 loan we provided an CRE investors securing a 11% minority non liquid ownership interest in a Multi Family Partnership. Marcy: Hi Jack. Jack: [...]
The video titled "Pro Guide To Commercial Mortgage Rates with Some Key Factors" by Gelt Financial, LLC discusses the factors involved in pricing a loan in the private lending space. It [...]
Marcy, Michael and Jack talk about bridge lending on 1031 NNN deals that Gelt Financial Provides. "Jack: Hello, it's Jack Marcy and Michael. Marcy: Hello. Michael: Hello. Jack: So, I wanted to [...]
Jack Miller talks about what a Break up fee is and why and how it comes into play. "Hi, this is Jack Miller from Gelt Financial. I hope you're having a [...]
Jack Miller gives a little explanation on why lenders charge prepayment penalties, the different types of them and some tips on how to analyze and negotiate the best one for your [...]
Gelt closed another deal in 5 working deals, a rehab in Miami, collateral based no appraisal. "Jack: Hey, Marcy Berger, how are you? We're making a YouTube. We haven't made one [...]
We completed a mixed-use property first mortgage refinance for a non-U.S. resident who is a foreign national and lives and works overseas. He has no credit or no personal income. We did [...]
In the video, Jack explains the concept of a blanket or cross-collateralization mortgage. It involves combining multiple properties into one mortgage, allowing borrowers to tap into equity in one property to [...]