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One of the hardest parts of getting started in a real estate business is getting enough leads coming in to close enough deals to make a living. Once you get the leads funnell full, you consistently do deals.
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, Another problem is having a potential deal fall in your lap but not know how to structure the offers or close the deal.
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, With my multiple lead generation websites, I get leads every day. I was posting them on CashFlowDepot but often the seller called back 2,3,4 times saying no one called them. I could do some additional marketing to get even more leads coming in every day if there is an interest in this new plan I’m working on.
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, So, I’m working on a plan where I (or someone in my hand picked team) will call all the leads, structure the offer, close the deal, and get the contract signed. With the seller’s permission, we could even record these calls as additional training.
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, Then CashFlowDepot will joint venture with someone locally for the exit strategy. It may be doing a Highest Bidder Sale, could be a master lease that needs to be rented out, or a wholesale flip. When necessary, my team will fly in to the area to do a Highest Bidder Sale.
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, Profits would be split. You’d learn a lot along the way.
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, What do you think? Would anyone be interested in this?
,Again, another thought. If we are looking for a prospective buyer with a subject to buyer. I believe the correct dialog with buyers and tenants is so essential in the business. It at times can be very easy to acquire properties. To hold on to them long term is essential on finding the right people for the right properties.
Don Wede
Don, you are one of the people I had in mind to help with the calls to close the deals. Glad you like this idea.
I have a lot of leads right now.We’d have to get permission to tape the call ( legally). I do think it could be a tremendous training tool.
Anyone else think this would be beneficial? If we got a deal tied up in your area would you be interested in doing a joint venture?
Maybe I need to send out an email blast about this.
I don’t want to start doing it if there is no interest. Or perhaps I will need to go outside the cashflowdepot family to find the local person to work with.
Thoughts? Ideas? Suggestions?
Don,
The objective of this proposal is that a call comes in from OUT of your area. Let’s say the lead is from Deland Florida. You talk to the seller, create a solution, get all contracts signed. Then work with an investor in Deland to get the house sold, rented, etc.. whatever the exit strategy is. Split the deal.
I currently have leads for Florida, Maryland, Vermont, Oklahoma, West Virginia, etc…
Paul
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