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Updated over 7 years ago on . Most recent reply

User Stats

56
Posts
10
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Benjamin Shaw
  • Danbury, CT
10
Votes |
56
Posts

I'm not progressing. I want to.

Benjamin Shaw
  • Danbury, CT
Posted

I just listened to episode 176 with Tom Krol. It was really inspiring and motivating. (well at least enough to get me posting my thoughts). In the episode, he described in great detail his direct marketing campaign and encouraged everyone to just go out and start getting deals.

This sounds great, and I'd love to take his advice, it's just that the thought of not being able to follow through with a "quick cash offer" or otherwise failing to be able to help a seller once I make contact.

Ok, so let's say I start mailing to the small list of homes I've found while driving for dollars. Then someone actually calls me. I do not have the money to make a cash offer. I could potentially wholesale the deal if I could manage to get it under contract. Funds to even cover the cost of a lawyer to draw up papers are very limited due to being in the middle of trying to close on my primary residence. Plus a whole bunch of other "Life" stuff happening at the most intense level I've ever seen. (Sewer overflowing into our house, all our belongings are in a pod, wife's grandfather needing constant care)

PHhhw. Anyone have some advice on a good solid plan of action I could form? Thanks for listening.

Most Popular Reply

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2,227
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1,774
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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
1,774
Votes |
2,227
Posts
Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
Replied

Hey @Benjamin Shaw. I hear your frustration and doubt. Believe me, I've been there. (Hey, at times I've felt like the Mayor of there!).

Here's the Great News: There's only ONE thing you need right now. It's not cash to make an offer. It's not money to pay a lawyer to draw up papers.

You need to develop The #1 Skill: Talking to sellers and quickly determining if their bad situation can be resolved by an investor buying their house. That's it!

I say mail to your list of "driving for dollars" homes TODAY! Let's say someone calls you and you determine that a cash offer (at an attractive investor price) will solve their problem. You say you don't have the cash? No problem! As long as you can find a legitimate cash buyer in your area who wants the deal, you can help the seller and get yourself paid! You say you don't have paperwork? No problem! I guarantee your cash buyer has a contract you can use, so just use theirs.

Keep it simple. Focus on The #1 Skill, start making some money, and then build your confidence and expertise based on this success.

Good luck!

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