EP 42: How We Settled a Family Dispute Into a $70K Real Estate Deal Profit

In this compelling episode of Properties to Profits, I dive into a scenario every real estate investor dreads: family members stepping in and complicating a deal at the eleventh hour. We had a signed contract with a seller, but suddenly, his daughter became involved, and everything seemed at risk of falling apart. I break down how we navigated a highly sensitive situation by using a strategic, empathetic approach. From asking thoughtful questions to building trust and demonstrating value, you’ll hear how the power of communication saved a deal that resulted in a significant profit. Tune in to discover essential negotiation tactics and learn what to do when family dynamics threaten your investment plans.

 

Episode Highlights:

[0:00] - Introduction

[1:02] - A preview of an upcoming story involving a wellness check gone wrong.

[2:20] - The unexpected family interference: why the seller’s daughter was upset and the misconceptions that arose.

[3:41] - How understanding the family’s true concerns shifted the conversation.

[4:45] - Discussing different outcomes: the daughter’s conflicting thoughts on selling vs. renting.

[6:33] - The turning point: how providing proof of credibility and patience led to a breakthrough.

[7:50] - Key takeaways on handling disputes with family members in real estate deals.

[8:14] - Final reflections on making deals happen through patience and communication.

 

Key Takeaways:

1. Empathy and Understanding Are Crucial: When family members get involved, take the time to listen to their concerns and show that you understand their priorities. It helps build trust and opens the door for a smoother negotiation.

2. Ask Thoughtful Questions: Instead of pushing your agenda, ask questions that allow the family member to express their needs and goals. This approach can reveal solutions that work for everyone involved.

3. Credibility Matters: Providing testimonials and proof of your reliability can make a huge difference when someone is skeptical. Building trust is key to moving the deal forward.

 

Links & Resources:

•Follow Michael on Instagram: @realestatemike02

 

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