Real Estate Business

Real Estate Process

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Real Estate Business by Mind Map: Real Estate Business

1. Marketing

1.1. Seller Lead

1.1.1. Offline

1.1.1.1. street posters

1.1.1.2. Join a community Investor club

1.1.1.3. Direct mail

1.1.2. Online

1.1.2.1. check YouTube for cash buyers

1.1.2.2. check craigslist

1.1.2.3. check online house cash buyers

1.1.2.4. join an investor club

1.1.3. Follow up

1.1.3.1. Setting reminder in calendar

2. Realtor to sign

2.1. Ask for comparables

2.2. spend 35-40 mins looking for deals

2.2.1. Compare the deals that you have found in MLS using Real Estate Elite App

2.2.1.1. Do the computation for the offer amount

2.2.1.1.1. Create offer letter with the offered amount

3. Acquisitions

3.1. Pre-screening leads

3.1.1. Finding deals in MLS

3.2. Communicate to sellers

3.2.1. Ask for comparables

3.2.2. Set appointment

3.3. Deal analysis

3.3.1. Pulling comparables

3.3.2. Profit analysis

3.4. Writing offers

3.4.1. Types of Offer

3.4.2. Approved?

3.4.2.1. Sending proof of funding

3.4.2.2. Preparing to communicate back

3.4.2.2.1. Email

3.4.2.2.2. Direct mail

3.4.2.3. Get the attorney to review

3.4.3. Not approved

3.4.3.1. Make another offer

3.5. Appointment

3.5.1. Setting the appointment

3.5.2. Bring the necessary

3.5.3. Taking picture

4. Sales

4.1. Marketing Checklist

4.1.1. Check the buyers list

4.1.1.1. Send offer

4.1.1.1.1. 10-15 day to get a cash buyer to get the property under contract

4.2. Qualifying buyers

4.2.1. Check the criteria list

4.2.1.1. Send offer

4.2.1.1.1. 10-15 day to get a cash buyer to get the property under contract

4.3. Closing coordination

4.3.1. Settlement instructions

4.3.1.1. 10-15 day to get a cash buyer to get the property under contract