In the 2nd of this type of series ever, I decided that I would do this until further notice.
As you already know, exposure is everything.
It’s an opportunity for me to kill 2 birds with ONE stone. No worries, I will not be doing that in real life.
The point is that I am able to create amazing content while you simultaneously watch me prospect for my business.
It’s productivity at its best.
If you’ve followed me for a while, you’d know that I follow I.L.D.T. This is another great opportunity to do that.
So here is what we covered in this episode primarily around the prospecting as if we are wholesaling real estate from scratch.
Creating Touches & Encounters
The more touches will create, the higher your chances of closing your first or your next wholesaling real estate deal.
That’s why I believe prospecting is one of the fast way for your to build from scratch. That’s true even if you had to outsource it.
The phone is still a great place to catch attention of your ideal prospects.
Here are 4 types of touches and encounters that will increase business net worth over time.
3. Caller IDs
4. Returned calls
In the last minutes of this episode, I started discussing resource management as related to wholesaling real estate.
I started with “Time Vs Money”?.
Continue to follow the series by subscribing to the channels and our newsletter.
I promise that this will be the best opportunity for you to learn how it goes down from a hustle and input standpoint.
On this series, I am going to go live and do live prospecting as the gateway to wholesaling real estate.
Wholesaling real estate is basically putting houses under contracts at 65% of its after repair value minus estimated cost of repair and selling the rights to the equitable interest in the property at 75% of its after repair value minus estimated cost of repair.
The spread between the 65% and 75% of the after repair value becomes your fee as a marketer and for securing these types of deals for real estate investors.
It’s your responsibility to use comparable (comps) to determine the after repair value of the property and to estimate the cost of repair.
Why would anyone want to sell you this properties at 65% and lower?
1. The property is distressed
2. The property ownership is distressed
3. All of the above and motivation to get rid of the property.
However the first step to wholesaling real estate is to find this deals. This is one of the most effective and cost effective strategy.
Cold calling and prospecting distressed home owners that are listed in public records such as preforeclosures, probates, tax defaults and more.
Enjoy watching as I demonstrate in this series.
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ABOUT YOUR HOST ::::|
Ola “Tux” Abitogun is the Creator of myEmpirePRO. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and father to their 2 Boys. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
#myEmpirePRO #OLATuxAbitogun #WholesalingRealEstate
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