Episode #16: with Special Guest Todd Foster
Todd Foster calls himself a ‘pretty house specialist’, someone who enjoys buying homes that don’t need too much flip and pursues a more passive income. A member of Ascend Mastermind, Foster is the owner and CEO of Pretty House Investors. In this episode, you’ll find strategies to help you start making deals through the ‘rent to own’ model and better your negotiation methods.
Key Takeaways
(1:42) Todd explains his ‘pretty house’ strategy and creative deal structures
(6:32) Todd and Brett discuss negotiation tactics
(9:20) Passive income advantages include out-of-state deals & self-sufficient homeowners
(15:18) What ‘pretty house’ deals look like
(24:00) Have more than one exit strategy - Ask: “What’s the worst that could happen?”
(26:13) Todd shares how he got into real estate and investments
(36:32) Prescreen your prospective renters and understand what they’re realistically able to do!
(42:44) Should you always disclose what your plan is?
(43:58) Todd explores tactics for navigating ‘deal killer’ scenarios
(48:57) On the fence about being coached? Hear Todd and Brett share how it accelerated their success
(55:00) You can’t do it all! Be a problem-solver and outsource when necessary to find success
Connect with Todd:
Facebook - http://www.facebook.com/PrettyHouseInvestors
Website - learnprettyhouses.com
Email - todd@prettyhousecoaching.com
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I
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