Behind the Scenes Part 7: Doing a $6.2 Million Deal
This is part of our semi-regular Behind the Scenes series.
In this series, we go over some topics that are happening around Value Investing Journey and Rivera Holdings that people don’t normally see.
I’ll show you the behind the scenes some of the stuff my team and I are working on to get deals done and closed.
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This will include the highs, lows, frustrations, and massive headaches along the way.
I’m sharing this with you to show you that not everything is always great and happy. Especially if you are an investor, entrepreneur and business owner. There will be struggles and there will be failures, but if you continue to persevere, there will be triumphs as well.
In this series, I will show you deals from me helping clients buy and sell real estate, deals I’m working on myself in the public and private arenas, including potential real estate investments of mine, and more…
If you do like this kind of content, please let me know in the comments below or on social media, so I can continue doing these kinds of videos for you.
I hope you enjoy,
Jason
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So far in this series, we’ve talked about the following things:
- Part 1: Controlling What You Can Control
- Part 2: Massive Frustration With the HOA
- Part 3: Getting the Deal Closed, or So I Thought
- Part 4: MASSIVE Frustration in Getting the Deal Closed
Today, as we get back to this series for the first time in a while, I’m sharing with you my tips for ALWAYS having the upper hand when negotiating deals.
Let’s get to it.
In the video above, I share with you what I’ve experienced behind the scenes of doing a $6.2 million deal.
I share this with you to help you in your own negotiations because these principles will work no matter the size of the deal you’re working on.
Check out the video above and see how I helped increase the value of this company by $2.7 million – or 77.1% in 6 months – with my capital allocation strategies I recommended for this company.
Also, find out why I’m at peace and happy with my decision to turn down this deal – that was above our valuation of the company – even though it cost me and my partner almost $400,000 in fees.
Hint: It’s because I’m focused on the long term.
What are your tips when negotiating any deal? Let me know in the comments below.
P.S. Go here to get 5 free gifts that will help you become an excellent value investor faster.
P.P.S. Another Masterclass student signed up and we started our live training and Q&A sessions last week. If you want to become a better value investor fast, make sure to check out our Value Investing Journey Masterclass. The special offer, available to only 6 more people, is five (5) FREE one on one training sessions with me. Plus you’ll get more than $2000 in value, courses, and other resources just for signing up to the Masterclass.