The R.E.I. Diamonds Show
The Real Estate Investing Podcast for Experienced Investors

How to Win Deals Over Competition First things first, don’t run away from deals with other buyers, other offers, or even an asking price that feels outside of the range of your “deal zone” (the price at which you’d close the deal). One thing I’ve observed (and been guilty of myself) post Covid 2020 real estate market: more sellers in this market are greedily trying to “shoot for the moon” when they market their property.  To be fair, some get lucky and get that high price. Most end up doing price drops and selling at a reasonable market price. Lesson 1-If that deal catches your eye, make the offer which works for you. Constructing the Strongest Offer In the residential

The Greatest Power of Humankind The Power to Choose. You’re probably thinking, “really Dan? You click-baited me for this?” Stay with me here today. I had that same thought when I read a book years ago on this topic. As the years have progressed I’ve witnessed the power of both wise choices & poor choices. Let’s swap  “power to choose” for “decision” as we continue here. Where does EVERY SINGLE DEAL you’ve ever done begin? It MUST always begin with a DECISION about what price you are willing to pay. Then comes the offer.  Again, seems simple, but I can remember struggling for DAYS wondering, “What should I offer? Is this too much and I lose money? Or is it

Imagine a 12% Treasury Certificate US Treasury Certificates are considered the safest place to park cash by the entire world. Right now, a 6 month treasury offers 3.64% as calculated on an annual basis. So you buy the certificate today for $100,000 and in 6 months you receive $101,820. If you could somehow buy a certificate that offered 12%, you’d invest $100,000 and receive $106,000 in 6 months. Much better return. The truth is, a US Treasury Certificate paying 12% or more has not existed in over 40 years. They are not likely to return either. However, there ARE places you can park your cash for 6-12 months and receive 12% returns. I am paying 12% on several million dollars

The Best Deal I’ve done Several of the partners here at Diamond Equity are currently going through this book. To properly “read” (prob better described “live”) this book takes 10 months. If you read it, you know. I first read this in 2003 when I was selling cars. I remember suddenly hitting sales bonuses and higher closing % immediately as I began the habit of reading this book. I bought a few used copies on Amazon-as I prefer Hard Cover books over soft & I love seeing someone else’s notes on the pages. Wabi-sabi When this one arrived, I noticed it was old, but in great condition. I paid $11 plus shipping. Upon closer inspection and with the help of

 Be the Best Partner Possible – Exceed Expectations If you are partnering on a real estate deal with someone, or a team, it is best to setup expectations in advance about what you’re expected to do, and what each other person is expected to do. Even if you are just the “passive money” in the deal, you should still be aware of who & what is being done by the partners. Once expectations are setup, the Best Partner Possible EXCEEDS those expectations. They try and step up and do MORE than they’re required. They surprise the other partners with great ideas and bring more value to the table than the promised. The failure of this principle is said best by

How is the Iran War is Affecting Real Estate The following are my 3 observations from the 181 transactions I’m currently in the middle of closing.  Investor activity is increasing Interest rates are trending higher, again. Business as usual Investor activity is increasing – Anytime the stock market drops in value 10% or more, we see many investors who haven’t bought in a while back in the market. There is something wonderful about the slower, yet more predictable and often much larger paydays we enjoy in real estate when compared to the stock market. While activity is up, I don’t see this being a level of activity that is pushing prices up the way we saw in Covid. Interest rates