Top 10 ways to throw off competion

Discussion in 'Investor Psychology & Mindset' started by JDP1, 8th Nov, 2015.

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  1. JDP1

    JDP1 Well-Known Member

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    Over the last yr or so, there has been increased competition in Brisbane for property. Most of this has been from Sydney investors and this looks like it will intensify as Sydney cools and Brisbane heats up.
    Sydney investors have been eating our lunch, and ..well...hungry dogs' gotta eat right?:p:D
    I have thought about how to meet this challenge and have collated my top tricks of the trade ( used in various scenarios- from social gatherings talking about property to online property forums).
    Some of these are not new, but work, others have been modified specifically for RE. I find that utilising a combination of these methods work best.
    Add to this list as you see fit, just don't tell the competition:D
    ( ps. I will not elaborate on these methods, as the competition will adapt their game accordingly:))

    In no particular order:

    1. The smoke-screen
    2. The honey trap
    3.The bait-n-switch
    4. The Washington two-step
    5. The court jester/class clown
    6. The wingman routine
    7. The 3 piece suit
    8. The double negative
    9. The innocence ploy
    10. The 1 plus 1 method
     
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  2. Bran

    Bran Well-Known Member

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    I couldn't describe a single one of these, so I'm not sure what I can contribute to your thread.
     
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  3. bob shovel

    bob shovel Well-Known Member

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    The upper decker??
     
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  4. DaveM

    DaveM Well-Known Member

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    Call in a bomb scare on the house 15 mins before the open. By the time its cleared, turn up and offer 10% under market value.
     
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  5. JDP1

    JDP1 Well-Known Member

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    had to google this one...yeah, guess so...itll work during open inspections.
     
  6. Phantom

    Phantom Well-Known Member

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    Have you been reading the Kamasutra book again?
     
    Last edited: 8th Nov, 2015
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  7. MTR

    MTR Well-Known Member

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    mention the word asbestos while walking through the house.:)
     
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  8. bob shovel

    bob shovel Well-Known Member

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    Or reverse kanga for first impressions
     
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  9. Shady

    Shady Well-Known Member

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    Matsui ' Lost in translation'..
     
  10. D.T.

    D.T. Specialist Property Manager Business Member

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    Definitely this.

    Also stir up the dog next door so it starts making a racket which puts people off
     
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  11. JDP1

    JDP1 Well-Known Member

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    Lol...where do you think I got some of these from :)
     
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  12. datto

    datto Well-Known Member

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    Get two dozen bogans to hang around the front of the house. Competitors won't even get out of their cars... They'll just drive off shaking their heads lol.
    '
     
  13. bob shovel

    bob shovel Well-Known Member

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    The rusty trombone
     
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  14. D.T.

    D.T. Specialist Property Manager Business Member

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    Don't really need to in SA.
     
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  15. Sonamic

    Sonamic Well-Known Member

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    Datto's Flash Mob Rentals. Is this your new business you're using to raise that million in cash "just cause"?
     
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  16. neK

    neK Well-Known Member

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    haha just googled this to figure out what it was.
     
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  17. Tenex

    Tenex Well-Known Member

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    Here is one I have been using. It was so strong it suddenly made sense and even put me off buying in Brisbane,

    Are you ready?

    Buying in Brisbane because it will soon grow significantly is more of a buzz than anything that has factual information behind it

    As Warren Buffent once wrote "be fearful when everyone is greedy......"
     
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  18. JDP1

    JDP1 Well-Known Member

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    Excellent... The old double negative trick- number 8 on my list.
    First, trash it for all its worth, quote people like buffet, which adds to the credibility ( this is the first negative)
    Then, openly state you are not buying there ; that you are going to put your money where your mouth is ( the second negative)... Then when no one is looking...pounce, and buy in brisbane (where else).:)
     
  19. datto

    datto Well-Known Member

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    I got this funny feeling that you've got your eye on me.
     
  20. JDP1

    JDP1 Well-Known Member

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    Did u know that @datto has bought some IPs already... When we were all busy debating brisbane.. He has been using the court jester trick- number 5 on my list., and plays it well.:)