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Contacting Free Buyers List: The Benefits
I been sending out emails to the free buyers list that I have access to and I ended up getting a seller lead from it...........a potential buyer turned into a potential seller. How cool is that.....this will be my second lead I made an offer on today..... Let me hear your thoughts on FIRST LOOK. What repairs can you see before you do any digging into pictures, asking questions, or due diligence. What would you think it would cost to bring this house to value and still offer a fair price to the seller whose looking to move by November? Make Your Selection and then comment why you made that choice?
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Contacting Free Buyers List: The Benefits
Sharing Some Success: My First Deal…..
LET THIS BE SOME MOTIVATION AT WORK…… I just wanted to share with everyone this particular deal because I think it would provide some hope, focus and determination to keep pushing to get your first deal. I like sharing the story about this one because it really showed my care to take action and work the steps that were needed to complete the entire deal. This was my first time going after a deal where I had no resources or tools. I did everything by word of mouth and using free resources like propwire. And keep in mind doing it for free with $0.00 down took about 6 months to my FIRST DEAL. On this particular deal I was working with a partner who agreed to help find a buyer if I found the opportunity. And it was a tax delinquency property from a tired landlord who owed the lender about $20,000. This deal was delayed about a few days before closing because no one could find the lender. After careful research and searching through county records for the deed documents, I was able to find the lender name and company and skipped traced his information tied to the property. After calling 20 different numbers associated to him and leaving a voicemail on almost every number he called me back and we was able to close the deal and settle the debt for $5,000. Amazing job by my partner for finding the buyer and an even bigger thumbs up 👍 for myself for taking action when everyone else had no clue what to do about finding the lender. I was happy to negotiate the debt with the lender and offer the seller a bigger pay out. Let this be the reminder you need that your FIRST DEAL is not that far away and is closer than you think……all you need to do is TAKE ACTION. The best $3500 dollars I ever made.
Sharing Some Success: My First Deal…..
Real Estate 101: Staying The Path
Focusing on a single area or strategy in real estate offers significant benefits, especially when starting out, and is why it's generally advised to avoid trying to juggle too many things at once. The core idea is that concentration leads to expertise and efficiency, while excessive diversification, particularly early on, can lead to "diworsification," which dilutes your efforts and returns. Here are the key benefits of focusing on one thing in real estate and the risks of overextending yourself: Benefits of Focusing on One Real Estate Niche or Strategy 1. Develop Expert Status and Credibility 2. More Effective and Cost-Efficient Operations 3. Faster Learning Curve and Reduced Risk Why You Should Never Have Too Many Things Going on at Once Trying to manage multiple, disparate real estate projects or niches simultaneously can undermine your success, especially as an individual investor or a new agent. 1. Diminished Focus and Diluted Expertise 2. Increased Complexity and Time Commitment 3. Financial Overextension and Higher Costs A wise investor once told me that success leaves clues.
What’s Your Thoughts: Novations?
Watch Jerry Norton explain how a novation works where an agreed upon price with a seller for $100,000 has a pre-marketing clause in the original purchase agreement to list it on the open market or MLS. Would you try this strategy? Keep in mind the property has to be in good enough conditions to pass a retail buyer mortgage inspection 🧐 https://youtube.com/shorts/2cRKCVMbzYs?si=JNhFYz7YjTSyAEWV
Feeling Proactive: Working with Real Estate Agents
Because I already know that most of my buyers are willing to pay 70% of asking price whether its ON/OFF market, I think I am willing to find an agency of agents one by one who can agree to 4.5% commission, 3% or 2.5% paid standard, and then when we close they can reach out to me for the difference to build relationships and better connections? Whats Your Thoughts? (This Post Is To Create Engagements)
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