5. Once I have all the numbers frommy team, I look them over and determine my offer. ... Cover article continued
The Big Lesson
When people hear the word “automation,” they sometimes think technology. But for real estate investors like us, it’s important to automate your team too. Choose the right team and train themwell. Your acquisitionist can gather the information you need to determine whether a deal is worth pursuing; having a good relationship with your real estate agent and contractor means you get quick CMAs and repair estimates; and working with an attorney you trust can keep you from having to drive all over town just to sign papers.
6. My acquisitionist makes and justifies the offer.
7. My real estate attorney has the authority to sign paperwork on my behalf because I have given them power of attorney, which greatly expedites closing deals.
The Numbers on Bridle Lane
Automating your team helps you fulfill your promise to sellers that you can buy their house fast. And of course, remember this was all possible thanks to the private money I already had lined up, ready to close quickly!
Before you start writing, ask yourself this question: “How can I say what I want to say in the fewest words possible and still get my point across clearly?” Keep that in mind when you write, and you’ll be golden! If you’ve read up to this point, you should hopefully be feeling smarter and better already. Now let me reward you with a few reasons this stuff is so important in our business, as well as a few instances when it will serve you well. Whether you’re writing contracts, making offers, or just communicating with a prospect, these simple spelling tips will serve you very well and go a long way in giving you credibility with your communication. Mess these simple things up, and the prospects with whom you intend to do business (sellers, buyers, private lenders, etc.) may subconsciously think that if you don’t take care of these simple details, you might not take care of other important things either. That might just cost you the deal and lose you money. And we can’t have that! So, learn and practice these simple spelling and writing tips if you don’t already know them, and you’ll show people how smart you really are — and maybe save a few deals in the process. When my acquisitionist first spoke with this seller, their asking price was $100,000. By the time she got off the phone, she’d gotten him to drop the number to $80,000. Later, my Realtor reported that the ARV of the house would be $160,000, and my contractor estimated the house needed $20,000 worth of repairs. Once the repairs were done, I knew I could put the house on the market for $169,900 because of the way we renovate. The amount of time between the seller finding my website through their Google search and the closing of the deal was just six days. During those six days, I spent just an hour and a half of my time on the deal. That is the real value of automation.
–Jay Conner
internet marketer, voiceover artist, and real estate investor. He’s also a Politically-Incorrect Insomniac with ADHD who specializes in adding massive value to people’s lives by helping them overcome limiting beliefs, have more fun, and make more money while improving lifestyles through investing in real estate!
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Have You Heard the Good News ... As It Relates to "Learning Lessons"? Proverbs 18:15 The mind of the prudent acquires knowledge, And the ear of the wise seeks knowledge. Philippians 4:9 The things you have learned and received and heard and seen in me, practice these things, and the God of peace will be with you. Matthew 11:29 Take My yoke upon you and learn fromMe, for I am gentle and humble in heart, and you will find rest for your souls. Psalm 32:8 I will instruct you and teach you in the way which you should go; I will counsel you with My eye upon you.
Until next time, Tony Pearl Copyright 2018 Tony Pearl | All Rights Reserved
BIO: Tony Pearl is a writer, speaker, copywriter, mentor, marketer, coach, musician, poet, ballroom dance instructor, world traveler, father, fiancé,
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