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Updated over 8 years ago on . Most recent reply

User Stats

41
Posts
19
Votes
Trey Brooks
  • Atlanta, GA
19
Votes |
41
Posts

Business has hit a plateau ):

Trey Brooks
  • Atlanta, GA
Posted

Hey yall! I am a 19 year old Real Estate investor and a Licensed Realtor. After being on this journey for about a year, I have done a handful of deals & have just gotten 2 partners and we collectively have done around 30 deals. 

We all have different strengths and things to bring to the table (I've done wholesale/option deals/Licensed | Partner A: Mobile home investor/note investor | Partner B: Wholesaler/Licensed/ Small portfolio...) but....

As of right now, things have slumped, and we have no idea what to do now or what the next step is 

We market by: 1,000 pieces of mail a week (Which BARELY converts to anything, we get more calls asking to get removed from the list than leads.), scrubbing the public records for notice of defaults (a list you have to manually do as our county doesn't have the records online), bandit signs (but 3 wholesale players have entered our market and take down every sign we put up), door knocking (Which takes up too much time). I'm starting to get a little bummed out, because I'm always busy working, but nothing has converted recently, so I feel like I'm running with my head cut off. We don't have a proven system that has worked, and could serve as our foundation.

The biggest thing we have agreed we needed is to implement a great system / model. Example: You need to do 1,000 pieces of mail, put out 50 signs a week, door knock 20 houses, and network with 20 people. 

Every deal we do, we put 33% back into the business for marketing, & Direct mail is our biggest expense ( we don't want to stop doing it because our most profitable deal has come from mail, but we barely get any calls from it.

The question is: Would anyone be willing to share a model/blueprint/system they use in their market, or give us any piece of advice that could help us pivot out of this funk. ):

Thanks in advance & for reading this through, Trey Brooks.

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