Sat, Jul 04, 2009
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Deal Finding Strategies |
newtree
130 Posts
Member Since: 03/20/2008
South Bend, IN
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Posted: 19:22 on 04-12-2008
What is the best (or proven) methods of creating deal flow? I'm trying to develop a marketing plan to keep the deals rolling in.
If anyone has any advice, please bless me with your wisdom!
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MichaelQuarles
104 Posts
Member Since: 11/25/2007
Bakersfield, CA
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Posted: 20:13 on 04-12-2008
Good evening
Great question... Sure glad you have more than 1 or 2 posts, people would think I planted this...
I have only been able to come up with 100 marketing strategies to locate buyers and sellers.
The key isnt what to do, the key is doing it... You have a goldmine within your reach if you just knew how to pan for gold...
Good Luck
Michael
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newtree
130 Posts
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South Bend, IN
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Posted: 22:03 on 04-12-2008
Michael,
I want to learn how to pan for gold! What are some of the 100 strategies that you use?
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newtree
130 Posts
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Posted: 22:45 on 04-12-2008
That's not fair, Mike.
I'm just asking you to teach me how to fish.
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bargain76
1703 Posts
Member Since: 12/05/2003
Jacksonville, FL
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Posted: 23:11 on 04-12-2008
Search Michael's old posts.
He used to be quite open about his strategies and success stories.
Now Michael is selling "territories" to those trying to get in the game... too bad the economy, recession and the sub-prime mess got in the way.
_________________
"BARGAIN KING"
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ypochris
2200 Posts
Member Since: 03/22/2006
Lansing, MI
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Posted: 00:38 on 04-13-2008
I think he deleted a lot of those old posts. I saved a few, wish I had saved more. He certainly has a lot of experience, knowledge, and ideas when it comes to flipping houses!
In keeping with his prior comment- No, I don't know Michael, or benefit from promoting him, I just appreciate what I have learned from reading his posts, even though I don't use the knowledge I gained...
Chris
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newtree
130 Posts
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South Bend, IN
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Posted: 00:41 on 04-13-2008
I believe he has deleted them also.
So, what do I do now? any suggestions?
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MichaelQuarles
104 Posts
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Posted: 12:47 on 04-13-2008
I didnt delete anything...
and my I Buy Houses License program is working very well... It seems a better fit in a down market where it is harder to be going than in a market where all you have to do is show up.
As to the poster... and their need to know...
It is very difficult to tell you how to get your telephone to ring without knowing you, your strategies on investing and budget or lack of .
Lead generation is just one of the key components of a successful business you also need lead capture and lend fulfillment.
Once you structure all three components together you will have an on purpose business producing positive results.
A lot of people think that real estate investing is some get rich quick program and that is hardly true.
Yes you can make buckets of money however few understand how to duplicate their actions so buckets come in everyday.
Michael
[ Edited by MichaelQuarles on Date 04/13/2008 ]
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newtree
130 Posts
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Posted: 13:06 on 04-13-2008
Thanks for coming back Mike.
Briefly, I am a very self-motivated, detail-oriented individual. I'm working on a shoestring budget. My strategy is buy-n-hold, while also selling to single-mothers and others on a rent-2-own basis. That way I'll get consistent income generating, and after a couple of years, the tenant/buyer will take me out once their able to qualify for conventional financing.
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MichaelQuarles
104 Posts
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Posted: 16:40 on 04-13-2008
Being on a shoestring budget is fine as long as you are willing to put in some sweat marketing..
The first five things I would suggest you do are:
1) Write a list of everyone you know who live in the city you want to buy in. These are people you pay, people you can go have a beer with, mom and dad, everyone who knows you.
2) Buy a Polo Shirt that has "I Buy Houses" mine cost 10,000.
3) Learn your introduction speech... 5 Key points
a) Your Name
b) Your Telephone number
c) What you do
d) who you do it to
e) how you do to them.
Example.
My name is Michael Quarles, with I Buy Houses, my telephone number is 877-877-1010.
I am looking for 2 and 3 bedroom houses, single to four unit rental property and occasionally I buy vacant land.
I have found that I enjoy helping people in foreclosure, those that may need to sell a house due to divorce, those settling an estate or probate, people who have had a job transfer, and maybe you have an unwanted rental property or even have your next house picked out and need to sell a house fast.
The nice thing about my program is that I can close fast or the seller can stay in the house for as long as they want having the peace of mind knowing the house is sold.
Again my name is Michael Quarles and my number is...
4) Create and buy advertising business cards... Don’t get cute and don’t use the back.
5) learn your cold call script and door knocking script...
example: Hello my name is Michael Quarles, my family and I are looking for 2 and 3 bedrooms home in your neighborhood and I was wondering , who do you know who is thinking about selling their house?
No one terrific.. Thank you for taking the time to think about that, BTW when do you plan on moving?
Never really, If you were to move where would you go next?
Back to wherever, that sounds exciting.
When would that be?
less than 3 month go buy their house.
Which leads me to the obvious... if you don’t know how to buy it doesn’t matter what you say or how you prospect... I can make your telephone ring off the hook with opportunity but if you cant fulfill the leads they are useless...
If you want a simple answer I wouldn’t be your guy for help, however if you want to make buckets well I can help with that....
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newtree
130 Posts
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South Bend, IN
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Posted: 16:55 on 04-13-2008
I definitely want to make buckets. I'm going out to day to knock on doors and search for bandit signs of other investors to find potential buyers of some of my properties.
Anyway you can help me, I'd appreciate it. I've already signed up for your www.teleconference.Eager to learn from a pro like yourself!!
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