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Mastering Real Estate: A Business Approach for Consistent Home Run Deals

Discover how to achieve consistent success in real estate by adopting a business approach. Learn how to effectively use technology, including big business phone systems and automation, to streamline your processes and enhance professionalism. This guide covers essential aspects like pulling the right comps and networking for better opportunities. Understand the significance of creating a reliable business system that focuses on predictability, scalability, and a culture of discipline, enabling you to consistently close profitable deals without the traditional stresses of solo investing.

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Mastering Real Estate: A Business Approach for Consistent Home Run Deals

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Presentation Transcript

  1. Research Get the Info Needed to Acquire a Homerun Deal Every Time

  2. Outline • Why and How to Take a Business Approach • Big Business Phone System for your Small Business • How to Pull Comps… The Right Way

  3. Why & How … First Define Job – group of tasks performed in exchange for pay Business – Economic system where products and services are exchanged for one another or money based on their perceived value Business Systems – Methodical process used as a delivery mechanism used to deliver products and services to a well defined market

  4. Why Take a Business Approach Traditional Solo Investing Vs. Real Estate Automation

  5. Traditional Solo Investing • Inconsistent • Limited • Time Consuming • Stressful

  6. Real Estate Automation • Predictability • Reliability • Scalability

  7. How to Take a Business Approach Systems & People

  8. Use an Answering Service • Why? • Scripted • Gives you time to research • Improves your image (professionalism) • Another step towards Automation • Scalable • Duplicatable

  9. Create Portal • Sharable Documents • Goolge Docs • Zoho • Website Creation • Weebly • Webs • Wix • Wordpress

  10. Call Back • The Quicker the Better • Motivation • Type of Sale (retail, rental, rehab) • Only Collecting Info on the First Call • Details about the property

  11. How to Pull Comps.. The Right Way • MRIS – (sorry, that’s just the way it is) • Pictures • Remarks • THIS IS WHAT THE BANKS USE

  12. How to get Comps • Realtors • Networking • Find Investors w/ Access to MRIS • Offer Partnership/Percentage of the Deals

  13. Comps - Criteria • Active • Listed • Sold • Back 1 Year (6 for comps, 6 for trends) • Beds (down but not up)

  14. People • Prerequisites • Dependable • Loyal • Self Motivated • Discipline • People • Thinking • Action

  15. A Culture of Discipline • Less Bureaucracy • Less Policy • More Action

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