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All Forum Posts by: Karl Krentzel

Karl Krentzel has started 64 posts and replied 391 times.

Post: Why Don't More Realtors® Wholesale?

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

I gotta tell you. 

I'm frustrated. 

Maybe I'm alone.  However, sometimes it feels as though I am the ONLY one who seems to "get it."   As a Realtor®, I recognize the inherent brainwashing that goes on in the industry with regards to investors, and wholesaling in general. 

But how on earth does that explain the rampant ignorance about wholesaling in the Realtor Community?

By Ignorance, I do not mean stupidity.  I mean simply being "unaware" of the benefits of adding wholesaling to their "toolbox" of skills as an Investing Realtor®.  

I just wonder, is it because we simply don't TELL them about just how much MORE money they would make? Maybeif we did, they would be more willing to cooperate?

I don't know...

What do you think? 

Post: FSBO Domination! Free E-Course by TenMinuteSkill!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
FSBO Domination!!

Are you looking to add a few FSBO's to your number of closed transactions this year?

Maybe you are looking to learn how to wholesale or assign FSBO's for a profit?

Then look no further!  This email course will share with you the techniques, tips, and tricks you need to know to be ultra successful with this demographic!  

Of all the free courses I've put out, this one has got to be the most popular!  Sign up today!

Start Dominating Here! 

Post: Beginner agent tips

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

This is your Job Description.

1.  Lead Generate (By Any Means Necessary)

2.  Lead Followup (Followup on the leads you generated to set appointments)

3.  Prequalify those appointments

4.  Present your solution to those leads (rather it be as a wholesale deal or as taking a listing) 

5.  Answer any questions and close for the signature. (The fun part!)

6.  Repeat as often as you want to get paid!!!

For a complimentary book I wrote about this subject, called "Sales Skills For Real Estate Investors" feel free to let me know! 

Post: Thinking about building a Real Estate Team? Free Email Course!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

In this complimentary email course, you will receive the "20 Questions You MUST Ask Yourself When Creating a Real Estate Team!"

In this non-sales, informative email course, you will learn some of the most fundamental issues you mustask yourself when creating a successful Real Estate Team. 

From a team of 2 to 12, you certainly know that you must be clear with yourself on a lot of issues before you can ever hope to be as successful as you deserve.

Take it from me, I've been training agents for years.  I've created successful teams that have allowed me to work three days a week

allowing me the lifestyle of my dreams.  

Others have taken my ideas, and expounded upon them.  It's these ideas I intend to share with you in the Ultimate Sales Pro System.  But for now, feel free to take advantage of this free course!  

Until we meet again! 

Post: Real Estate Agents - Using Bigger Pockets to Grow Your Business!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

LOL... oddly enough... most of the Investing Brokers that I know (Myself included) aren't always interested in taking on buyer clients.  I will take on a buyer client, but I'm very selective of who I work with.  

For me, Bigger Pockets is a way to "Spread the Gospel" that Agents can Wholesale property.   More specifically, HOW to do it ethically and legally.

It gives me a platform from which to interact with newer agents, and newer wholesalers. It gives me an opportunity to #PayItForward.

Post: New to Wholesaling? Need powerful advice?

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

I'm not sure if you are aware of this, but there is a resource called "The Red Pill Investor Podcast" with over 385 episodes of the steps you need to take to implement sales skills into your wholesaling business. 

If you are a Realtor® who invests, or a Wholesaler, you may want to check out this podcast or it's accompanying Blog at TenMinuteSkill!  

As both of these resources have a absolute TON of information (Most of it free) on the topic of sales skills (scripts, objection handlers, and closing techniques) its a definite "Must Have" on your bookmarks! 

Visit them at www.TheRedPillInvestor.com and www.TenMinuteSkill.com for more info! 

I look forward to meeting you there! 

Post: Yellow Letter 4 Driving For Dollars Critique

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

yup.  Too hard to read.  Make the font easier to read and bigger.  

additionally I would add "I buy homes LISTED OR NOT!!!!" in there.  You would be surprised how many calls you will get.  

Hope it helps!

Post: New investor! Point me in the right direction please

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

Congrats! 

Former military guy myself.  Got out, got my license, and sold real estate.  Learned later on that Wholesaling Real Estate is far more profitable, and does not require a license.  

You could do both (licensed and wholesale) as I do.  

Or simply wholesale.  

Here is a podcast interview of a guy who was 24 and in his first year wholesaling closed over 17 transactions and made 135k with next to no experience and very little overhead. 

He did it by following a system, sticking to a plan, and not spending thousands of dollars on worthless mailers. 

You can hear it here! 

Hope it helps, and let me know if I can help!  I have an absolute TONNE of Resources that are free to wholesalers and Realtors® who invest.  Including scripts, objection handlers, and more!    

Post: Where to start?

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

Yup... no need for incorporation until you actually start doing a deal.  Don't put the cart before the horse and don't overcomplicate it.  

Step 1.  Find a motivated seller BY ANY MEANS NECESSARY

Step 2.  Followup on said Motivated Seller until you make a good appointment.

Step 3.  Prequalify that lead before you make a presentation.

Step 4.  Present your solution to their problem (aka a wholesale or whatever deal)

Step 5.  Close for the signature.  (I'm ready, are you?)

Step 6.  Rinse and repeat as often as you want to get paid.

Took me 19 years of this game to learn this.  It's just as simple as that.

Post: Closing attorney says my plan will not work

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Account Closed:

Hello BP,

I recently met with a local closing attorney and told them about my plan to buy renovate and resell houses. I mentioned the letters and marketing I have been sending out to targeted houses (acquired by driving for dollars) and have a few appt's set up in January with motivated sellers. He then asked, How are you going to buy the house? With what money? I said I have no idea yet and I feel the most important thing was to first contract a property at a deep discount. Once I have that contract, then I could call around to people I know in the area and try to partner. 50/50 Joint venture. We split the profits down the middle. I market for the deals, I meet the sellers, I contract the deal, I renovate the house and resell it. That is all a lot of work. But they have the money to make it happen and want to be a part of something like this. Something local, improving neighborhoods/communities, providing local jobs and hopefully making a 10-15% return on investment - higher than they could get elsewhere. 

He didn't really think anyone with money would be willing to do something like this and that since they would be putting up 150-200k or so, they should get more of the profit. Really?

He also said that he thinks maybe for the next year or two, I work really hard in my business and save up the 200k so I can do it all myself. I told him that doesn't make sense to me considering most successful business owners I know got money from investors to start their business (my dad being one of them). It would take me YEARS to save up that much.

Any thoughts here BP?

Thanks.

 Yeah... Tell your attorney to listen to The Red Pill Podcast, read the Contract Clause in the US Constitution, and stop listening to the advice of those who don't do it. LOL

Truthfully, no money ever changes hands in any real estate transaction.  

NO buyer, has the money sitting liquid, and if they do, they rarely spend it all without leveraging it (at least for long).

Since there is such a thing as "Transactional Funding" which will step in and provide all the money you need for Double closing a deal, then you needn't worry about "saving up".  

Just because one idiot spent 4 years in college, and 3 in law school doesn't make him an expert in Real Estate Investing.  

Tell him to stick to the books, and get yourself someone who won't judge your motives, or the logic of your actions.  

Just my two centavos.