All Forum Posts by: Elliot Smith

I would say that marketing is important and I would look at using open letter marketing for that. More important is how you handle the leads when they come in. How are you on the phone? Are you looking to make money or looking to actually help the seller? Can you build rappor with them quickly and get to the root of why they need to sell? Relationship skills are very important in this. 

Enrique Jevons was great!

 Hey episode104 and 123. But I would listen to as many as you can they are all good.

 Thanks!

 Awesome! I did a few podcast on the real dealz podcast that I talk more about this. The first was before we went full time and the 2nd after we did. He also has a great podcast for this stuff. 

Steven my opinion is if your asking if you should get an inspection than you probably should. It sounds like you have been in the home a few times and still have some concerns. You can usually hire an inspector to give you a verbal inspection report for about half the cost. This way you know for sure what your getting into. With a home that old I would have done it when I was newer. I still do home inspections on properties that are not cut and dry.

Systems work! On our way from the Philippines to Bali our company and our partner inked up a nice rehab! Our assistant answered the call early this week (I had no idea about the lead) the seller was motivated and so she set the appointment for our partner, he went to the appointment today and locked it up. We landed to a text saying we just bought x house for $150k close on the 30th! 

Since we have been gone starting November 28th we have bought 3 houses, sold 2, and put 2 more on the market. We have also had over 40 seller calls answered, 7 appointments, 4 offers made, and multiple seller follow ups. 

Now we don't plan on doing this all the time but this was our first test to see if this was a business or a job! Ready to get back and hit it hard for 2018! We have some big goals and couldn't do it with out our great partner and our assistant! 

Hey so when we first started out this was the hard part. What I would do is a few things. If I knew that they were super motivated and going to sell that day I would call my main buyer (I would only work with one or two) and say hey what would you roughly pay for this. Since he buys over 150 homes a year at the auctions he would have a good idea. Then I would tie it up for as much below that price as possible. I would have an inspection period and go from there. This worked out great. My advice with new people is to find 1-2 buyers that you trust. Walk the property and take photos, then send to that buyer and say hey what would you pay (need to have trust that he won't go behind you but I trust first) then get it under contract for less than that! Also you can hire an inspector to do a visual walk through which is usually $200 so you can start learning what to look for. 

Yes kick rocks. 99% when the first thing people say is what's your offer you are not going to put a deal together.