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Updated almost 10 years ago on . Most recent reply

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103
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2
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Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
2
Votes |
103
Posts

What systems,processes, strategies and products can I use to automate business

Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
Posted

Hi this is Anthony i am looking to make this Real estate a Business not just a hobby, what systems, process, and products can I use to get more motivated sellers,more  cash buyers, and more deals closes LOL ? I am looking to also get private lenders and Hard money Lenders , please help!

Most Popular Reply

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212
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169
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Victor Menasce
  • Developer
  • Ottawa, Ontario
169
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212
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Victor Menasce
  • Developer
  • Ottawa, Ontario
Replied

@Anthony Kondor, we do a lot of transactions every year. About the only thing you can automate is sending out broadcast marketing messages. These are relatively ineffective. Very few people like to talk to a computer. They generally want to deal directly with a real person who is empowered to make decisions. This is hard to automate.

We acquired nearly 50 properties in the past year. Almost none of them were automated. It was done the old fashioned way. We have a repeatable system that is labor intensive, and requires direct contact and negotiation. 

I'm sorry to tell you that in our experience there are very few shortcuts that truly work. 

Securing funding requires 5 elements:

1) Relationship with the funder

2) Trust

3) Demonstrable track record

4) Have a compelling opportunity

5) Alignment with between the goals for the project and the funding partner goals. 

If any of these is missing, raising money gets very difficult. But if you have all 5 elements, raising capital is pretty straightforward.

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