Archive for the ‘Five Elements of Business’ Category

50 Signs to Get a Seller Lead December 17th, 2011

Bandit Signs - We Buy HousesSo guys, I can’t make this shit up. I put 50 Bandit Signs out last night.  I wrote them by hand, staked them, and then loaded them up in the car.  Me and Dan stuck em in the ground ourself. Well, actually, I did the sticking, he did the driving.  Kindof ass backwards if you ask me.  Here’s the photo of the signs just before we put them out.  It was about 9:30 pm. when we got done.

 

So then what?  We went home, kicked our feet up on the coffee table and watched a movie on Netflix.

Then, the next morning, lo and behold, a call came in to the seller hot line (the google voice number).  It was a motivated seller who has a townhouse that he wants to sell.   He says that the property is rented with a tenant for $1,000.00. When asked why he wanted to sell, he says that he just wants to “Get out of it”. It’s free and clear, no mortgage.  He doesn’t sound the the best candidate for my program, but I’ll still go through the motions.  Because you just never know what lies underneath his story.  There is usually more than meets the eye.

STEP #1: LOCATE PROSPECTS 

 

 

I’m Pretending to be a Newbie December 15th, 2011

There are 5 Elements to any successful business, whether it be a real estate investor, or something as large as Wal-Mart.  I am a firm believer in the process. Do you know the 5 steps?

Step #1: Locate Prospects
Step #2: Pre-Screen Prospects
Step #3: Construct and Present Offer
Step #4: Follow Up
Step #5: Close Quickly

If you ever find that you’re not busy enough, not making enough money, or your business isn’t growing at the speed the thou desire, then you must always step back and take a look at Step #1.  You’re going to find that something is going wrong there.

learn how to flip a houseOver the next few weeks, I’m going to go through the entire 5 Elements with you.  You’re going to see, hear, and understand the process of flipping a wholesale deal, starting with Step #1 all the way to Step #5.  There aren’t any steps that I’m going to leave out, because they’re all necessary for your business to be a success.

So if you’re a newbie, and you’re always wondering what the first step is.  You think to yourself “What is the first thing that I should do to get this wholesaling business off the ground”?  You’re about to find out!!  If you follow along with me, little mobsters,  you should be flipping a house around the same time that I am.

I haven’t Flipped a House Since August! Whaaaa?? December 14th, 2011

Maybe you know this, maybe you don’t, but in late September 2011, I opened my own Realtor-Brokerage office, Caywood Realty.  Huh? You mean I talk all that shit about Realtors, and I’m one myself? Yes! and Yes!  Because I understand the real estate investor model, I’m not like most Realtors. In fact, I’m not like any other Realtor I know.  I know that an investor and a Realtor has 2 different business models. One has a Professional Association to answer to and one doesn’t. (Can u guess which one).

Anyway, you do have to wear different hats if you’re a Realtor and an investor, and you also need to know which role to play in each scenario. But that’s not why I’m here. I’m here because I just realized, after looking through my CRM, that I haven’t flipped a house since August 2011. WTF? I’ve been so wrapped up in trying to get this Caywood Realty business off the ground, that I haven’t done any marketing, any prospecting, any blog entries on the “sell your house” website, NOTHING. And in return, I’ve not flipped a house or made any money from a wholesale deal. I’m getting withdrawals a little bit.

This ain’t cool bro.

The most money is definitely made as a real estate investor.  So I’m gonna put on my bots and saddle up my horse.  It’s time to flip a flippin’ house.  This Realtor shit can wait a minute.  I’ve got some money to make.

First thing in order: a blog entry.  Second: Bandit Signs.

When you quit generating leads, it’s like starting all over again. So I’m going to pretend like I’m a newbie and start from Square 1 and go through the 5 Elements of a Successful Business. Starting with Step 1: Locate Prospects.  If you want to keep up with this process, and see what it’s like to start from square one, even though I’ve been wholesaling houses for 13 years, then subscribe to the newsletter to get updates. You’ll actually learn something by watching.