These Mistakes Might Be Costing You Real Estate Deals: Here's How To Avoid Them

In this episode, Palak and Niti break down the 10 biggest mistakes that both new and seasoned investors make when negotiating real estate deals and how to avoid them.

Drawing from their personal experiences, their $10 million portfolio journey, and insights from the Open Spaces community, they share real-life examples and practical tips on how to avoid these common pitfalls.

Whether you're just getting started or looking to sharpen your negotiation skills, this episode will equip you with the knowledge to avoid costly mistakes and maximize your success.

"Don't let your ego get in the way. Ego costs opportunities." ~ Palak Shah

In This Episode:

• 00:00 Intro
• 01:19 Letting your ego get in the way
• 02:57 Not doing your numbers properly
• 06:09 Always have a contingency
• 07:10 Not knowing how to make quick decisions
• 08:51 Wanting perfection
• 10:02 Not managing your expectations
• 11:07 Not offering options to a seller
• 12:43 Not knowing what your seller wants
• 13:42 Expecting to negotiate on the price and terms all at once

Resources:

• Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K
• Book a call
• FREE 5-Day Real Estate Investor Accelerator

Connect with Palak and Niti

• Website: https://www.openspaceswomen.com/
• Instagram: https://www.instagram.com/openspaceswomen/
• Facebook: https://www.facebook.com/openspaceswomen
• Twitter: https://twitter.com/openspaceswomen
• LinkedIn: https://www.linkedin.com/company/openspacescapital/
• YouTube: https://youtube.com/@openspaces1251
• TikTok: https://www.tiktok.com/@openspacesacademy