On this show, I’m going to show you what I would do if I was thrown into a new town and had to earn $5,000 in 30 days. It’s a simple “what if” scenario for teaching, so let’s learn.
I first need to set a goal. I come up with the goal of talking to 10 sellers a day and send offers to 75% of them. I will follow up with every seller I talk to.
Daily, I will be emailing every Craigslist and Zillow ad that doesn’t have a phone number. Of course, I’m calling those that do provide a number. I can do about 200 a day because I have REI Simple.
In every case, I start with a lease option strategy. Of course, I might pitch another strategy in later conversations, but it’s important to talk about just one strategy at a time.
It’s pretty easy to tell if a seller is averse to being a landlord. If that’s the case, suggest a sandwich lease option or wholesale deal. You may want to talk about owner financing if you go with wholesale.
With 30 days, you also have time to talk to other wholesalers. Go to real estate club meetings and try to partner with others. Or, you can simply ask wholesalers for their ‘dead’ leads and share earnings.
Listen and Learn:
- Marketing plan comes first and directs the subsequent action.
- Learn Joe’s calculation methods for various offer types.
- The contracts Joe uses are very brief and easy to understand.
- Joe gives a demonstration of REI Simple.
Mentioned in this episode:
- Joe’s podcasts on iTunes: RealEstateInvestingMasteryPodcast
- Lease option webinar: SLOclass.com
- Find VAs: VirtualStaffFinder.com
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