Welcome to BRAG Radio leading the world to be rich and generous.
For the next hour, best sell real estate investing author Larry Goins & Co-Host Kandas, will show you the many ways real estate creates the I.D.E.A.L. investment. Whether you want to Flip houses or become a passive investor making double-digit returns while others do all the work. You will learn how here on BRAG Radio.
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Play in new window | Download How to Do Your First or Next Deal in 60 Days or Less
In today's show, Larry and Kandas shared how you can do your first or next deal. They also discussed step-by-step the things you need to know so you can do your first or next deal in 60 days or less.
Listen in and learn different tips and tricks on how you can make that first or nth deal happen!
Step 1: Picking a market
Metropolitan Statistical Area (MSA)
Looking for areas with low prices
Older vs newer areas
Step 2: Setting up your business
Having some asset protection
Step 3: Marketing
Different ways to market and generate leads
- Direct mail (Generic vs Branded Postcards)
- Cold calling
- Door knocking
- Bandit signs
- Getting your own website
Step 4: Answering the phone
Live answer vs voicemail
Step 5: Negotiating over the phone
Putting together a good script
Step 6: Analyzing the deal
Calculating the ARV (after repair value)
Step 7: Contracts
Step 8: Due Diligence
Driving the street online
Pooling rent caps
Taking pictures and videos
Calling other realtors or property managers in the area
Step 9: Building your motivated buyers list
Step 10: Emailing your buyers list
Step 11: Closing the deal and getting the money
"You got to understand what market you're going to be in."
"Work as hard in building your buyers list as you do at finding properties."
RESOURCES AND LINKS FROM THIS SHOW: