How myself and Chris got this Potential $20k-$30k Novation under Contract?
So this type of lead was a foreclosure lead with an auction date -(I got this lead for free, went on my state’s foreclosure site, put their necessary information into a google sheet, and then called and texted them on my cell phone.) for 01/21 but we got an extension for him to 02/19. This was 100% guerrilla marketing so you gotta hustle to get these but also be patient. I ofc now know how to pick them for more of an ideal spread (> or equal to $20k) just because I’ve been doing this for a year when I was 20. As long as you keep calling them, you will get a deal. Also be sure to follow up. I skiptraced his info via fastpeoplesearch and then called him. I used some NEPQ techniques I learned and then followed up with him relentlessly until yesterday we got him to sign the contract we sent out. Some consequence questions I asked him to build urgency for him to make a damn decision🥱. Remember, a ‘yes’ is good, a ‘no’ is good but a ‘maybe’ will kill you. So, I asked him: “Well, what happens if your loan modification fails? What would your situation look like then? Well, What happens if things stay the same and you can’t change in time?” ( These are to put the ball in his court, to answer in the frame that I have established . He’s playing on my terms essentially, another good thing to remember is whenever you’re on a call, the person who asks the most questions, typically has more control of the conversation.) Model: “Well [Mr. Seller] what are the consequences if [their intended solution, I.e: fixing the prop themselves, putting it on the market themselves, blah blah] doesn’t achieve their desired outcome in time?” (Ask these questions in a concerned and curious tone.) After following up continuously, I got me and Chris on the phone with him a couple times to evaluate which method would work best, creative financing (Subto) or Cash or Novation. Once we saw a Novation is best, Chris sent over the agreement and I got him to sign yesterday. Biggest key takeaway;