Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted almost 8 years ago

You have 7 days to locate an Off-Market Deal or GO TO JAIL!!

You have 7 days to locate an Off-Market Deal or GO TO JAIL!!

What would you do?????????

Normal 1491209415 Go To Jail

I read so many posts from people not being able to locate good off-market deals with numbers within the 70% Rule. But yet, there are those of us who consistently find deals that fit the rule every day. Sure, some could say its the market they're in, but there are BP'ers nationwide who are killing it in every market at locating deals that fit the 70% Rule. So, what makes us any different? How are we able to consistently locate deals that fit the numbers? Its not the locations, its the mindset.

If you went to court on Monday morning and the Judge told you that you have 7 days to locate an off-market deal that fits the 70% Rule or you were going to jail...what would you do?

  • Would you set around whining about not being able to find deals?
  • Would you start to make excuses that its your market?
  • Would you blame it on your lack of experience?
  • Would you blame it on the fact that you don't have money to advertise?
  • Would you think its because there's too many investors and wholesalers in your area?

Or the better question may be what "wouldn't" you do?

  • Would you wake up earlier and work later?
  • Would you follow up on every lead you've ever had?
  • Would you go knock on doors with FSBO signs?
  • Would you call every FSBO ad on Craigslist, Zillow, Etc.?
  • Would you go hand out business cards and talk to everyone you meet, asking if they know anyone?
  • Would you stop and talk to crews you see working on homes?
  • Would you write down every address of homes that you see that look empty, then look them up at the county's website to locate the owner, and cross reference to find their phone number, and call them?
  • Would you make an offer to every home owner you could talk to?

All of that list other then business cards can be accomplished for free, and business cards are the cheapest form of advertising you can buy 500 for around $20. I call business cards my "penny billboards" because if you buy 10,000 at a time they're only $0.014 each. Some counties also charge for online property search.

So if you would do all that to stay out of jail, why not do it to get ahead in life? Stop making excuses for why you can't, and start finding ways you can.

"You can't have Million Dollar Dreams with a Minimum Wage Work Ethic!!" #KeepGrinding

Good Luck, Keep Grinding and hitting Home Runs!! – JeffFilali.com - (OklahomaCashHomeBuyer.com)



Comments (2)

  1. @Jeff Filali, I like the concept of the article except but not the platitude you use. Don't those who buy lottery tickets have million dollar dreams? Those who take more productive approaches are more likely to realize their million dollar dreams but anyone can have them. (I would contend that if your dream is a million dollars you are aiming too low.)

    In answer to what would I do to avoid jail? I would reach out to the best wholesaler's I know and snag one of their off market deals. I might even catch one in an e-mail or, better yet, a phone call.


    1. The million dollar quote is just that, a quote and I think its more about the point that most people aren't willing to work for their dreams.  I agree "a" million dollar dream isn't setting the bar high enough though.