Flipping Real Estate, Wholesaling subgroup meeting

Some familiar faces showed up yesterday morning, folks that have been out of Real Estate and are now looking to get back into it. We began with introductions then Frankie who drove down all the way from Maine told us how she took a “Yancey Vegas Flip” course that cost her $4,000.

Good, but even better, if she was able to come up with 10 Cash Buyers, she would receive all her money back! Interesting but I suspect there’s some fine print…

Anyway we gave her 5 from our group. She had 2 already and if she attends our Tuesday, January 27th main meeting:
Staking out Your Territory! for Investors,
Contractor’s Qualifications and Licenses
Landlords, How to Price your Rentals to keep good Tenants but not get behind and kill your Rent Ratios and Cap Rate!
she’ll probably get enough for the rebate.

At this subgroup we covered the Sources of our previous Deals (MLS, Auctions, Bill’s Aunt, Edwin’s friends in local government positions, Damian’s political connections, Bulletin Boards) which worked and which were a waste of time.

How to use Bandit signs: Where to put them? When to put them up and WHEN to remove them?? What to put on them? Which phone numbers or services to use for the initial contact?

An offer from Damian backed up by Bill: If you are the first to find a vacant property in Peabody, that he buys, he’ll give you $500. as a “bird dog” fee. By the way, currently there are 124 vacant properties in Peabody.

Then we covered how to find vacant properties, tall grass or an unmowed lawn doesn’t work in the Winter, but what does. How to run down owners. Finally after we all exchanged business cards I reviewed the simplest technique I know that reaches out for business:

Take 10 of your business cards and place them on the passenger seat of your car. Do not go home for the evening until you’ve given all 10 to customers or potential referral partners. Be sure to ask for that persons card in return and always write a short note on your card of what you’re looking for i.e Single Family house to buy.

 

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