What is a Good Deal?

Great post, thanks! Basically echos what I often say to new investors I meet here in the Philippines. It really depends on what one wants. I often go to a lengthy explanation of my deals but when I learn what their goals are or what type of deals they are considering, I also explain the different aspects of the deal they should also consider.

You are so right. We define our own success in any endeavor, and a good deal is anything that delivers the value we seek for a cost we are willing to exchange. A good deal to me, might not be a good deal to you, and what I would do with my purchase might be totally different than the vision you would hold for it. In real estate, would add one other big consideration, and that is the outside environment which includes the physical setting, environment, government, and the economy.

I'm more of a "buy-and-hold" type investor and I always regarded the "buy-and-sell" crowd (flippers) as speculators who are bound to lose their shirts at some point.


John,
http://www.canadabanks.net/Loans.aspx

How to get a good deal also depends on who you are dealing with. If negotiations with international countries with a different business culture than yours, it is very important to be aware of the cultural differences. In typical low-context countries like the United States and Norway there is a major focus of that the agreement are fulfilled by the various requirements the written agreement contains. Dealing For example, with countries like China or Japan, you will probably get a little culture shock if you are not aware of these differences between high and low context countries. Countries like Japan and China are more focused on the importance of the relationship and not the agreement. The contract may be valid the day it was written, but invalid later, and they also expect you to be aware of this. I do not know if the question "How to make a good deal" was aimed at an international spectrum, but I will just conclude that there are many variables that determine whether you have a good deal or not. For a more detailed explanation I suggest you "google" "Richard R. Gestland", which my recommendations are partly based on.
JKF Norway