Real Estate Investing Process Braindump

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Real Estate Investing Process Braindump by Mind Map: Real Estate Investing Process Braindump

1. Administrative

1.1. Bookeeping

1.1.1. Quickbooks

1.2. Phone System

1.2.1. Callrail

1.3. Procedure for Procedures

1.4. Hiring New People

1.4.1. In-House

1.4.1.1. Creating Job post

1.4.1.2. Pre-screening Candidates

1.4.1.3. Phone Interview

1.4.1.4. In Person Interview

1.4.1.5. Orientation and Training

1.4.2. Virtual

1.4.2.1. Indeed.com

1.4.2.2. Upwork.com

1.5. Websites

1.5.1. Carrot

1.6. Office Systems

1.6.1. Email

1.6.1.1. Signature Format

1.6.1.2. FrontApp

1.6.1.3. Google Apps

1.6.2. Google Drive

1.7. Outsourcing

1.7.1. VAs

1.8. Meetings

1.8.1. Process Meetings

1.8.2. 1-on-1's

1.8.3. Quarterly Planning

1.8.4. Company Offsites

2. Dispositions

2.1. Marketing Checklist

2.1.1. Get Pictures

2.1.2. Getting Access

2.1.3. Send Deal Out Email and SMS

2.1.4. Skiptrace Cash Buyers

2.1.5. Contact VIP Buyers

2.1.6. Upload on Website Facebook Marketplace and Other Sites

2.1.7. Send Contract to Title Company

2.1.8. Contact Buyers Agents

2.1.9. Co-Wholesale

2.2. Qualifying Buyers

2.2.1. Questions To ask

2.2.2. Getting POF

2.3. Negotiating The Highest Price

2.4. Closing Coordination

2.4.1. Emailing information to closing agent

2.4.2. Reviewing HUD-1 Settlement Sheet

2.4.3. Wiring Instructions

2.5. Exit Strategies

2.5.1. Assignment

2.5.2. Double Close

2.5.2.1. Creating LLC

2.5.3. LLC Sale

2.5.4. Co-Wholesale

2.5.5. Consulting Agreement (switching name on contract)

3. Networking and Education Resources

3.1. Auctions

3.2. REIA Meetings

3.3. Podcasts

3.3.1. Real Estate Time Freedom Show

3.3.2. BiggerPockets

3.3.3. Creating Wealth with Jason Hartman

3.4. Books

3.5. FB Mastery

4. Marketing

4.1. Seller Lead Generation

4.1.1. Offline

4.1.1.1. Direct Mail

4.1.1.1.1. Creating Mailing Lists

4.1.1.1.2. Yellow Letters

4.1.1.1.3. Postcards

4.1.1.1.4. Formal Letters

4.1.1.1.5. Schedule

4.1.1.2. Vacants and FSBOs

4.1.1.3. Bandit Signs

4.1.1.4. Prospecting

4.1.1.4.1. Calling Landlords

4.1.1.4.2. Skip Tracing

4.1.1.5. Birddogs

4.1.1.5.1. Web form for submissions

4.1.2. Online

4.1.2.1. Google PPC

4.1.2.2. Youtube

4.1.2.3. www.WeBuyBaltimoreProperties.com

4.1.2.4. Craigslist

4.1.3. Followup

4.1.3.1. Adding to Autoresponder

4.1.3.2. Setting Reminders on Podio

4.1.3.3. VoiceBlasts

4.1.4. Phone

4.1.4.1. Cold Calling

4.1.4.2. SMS Marketing

4.1.5. All-in-One tools

4.1.5.1. GoForClose

4.2. Buyer Lead Generation

4.2.1. Offline

4.2.1.1. Auctions

4.2.1.2. Bandit Signs

4.2.1.3. Networking

4.2.1.3.1. REIA

4.2.1.3.2. Phone Call Intros

4.2.2. Online

4.2.2.1. www.WeHaveEquity.com

4.2.2.1.1. Autoresponder

4.3. Tracking and Reporting

5. Acquisitions

5.1. Lead Intake

5.1.1. CRM Process

5.1.1.1. Getting a Hold of Seller

5.1.1.1.1. Adding to "Can't Reach Followup

5.2. Pre-Screening Leads

5.2.1. Seller Situations

5.2.1.1. Under Water

5.2.1.2. Little to No Equity

5.2.1.3. A lot of equity

5.2.1.4. Neighborhood Quality

5.2.1.5. Street condition and location

5.2.1.6. Free and clear

5.3. Talking to Sellers

5.3.1. Objections

5.3.2. Determining Motivation

5.3.3. Set appointment or make written offer

5.4. Due Diligence

5.4.1. Estimating Repairs

5.4.2. Wholesale Profit Analysis

5.4.3. Pulling Comps

5.5. Writing Offers

5.5.1. Types of offers

5.5.1.1. Wholesale

5.5.1.1.1. Determining Offer Price

5.5.1.2. Owner Financing

5.5.1.2.1. Determining Terms

5.5.1.3. Subject to/Wrap

5.5.1.4. Lease Option

5.5.2. Preparing and sending

5.5.2.1. Emailing Offer

5.5.2.2. Using Digital Signature

5.6. Appointments

5.6.1. Setting The Appointment

5.6.2. Due Dilgence before appointment

5.6.3. What to bring

5.6.4. Taking Pictures

5.6.4.1. Appointment Followup

5.6.5. Making The Offer in Person

5.6.5.1. Presenting Offers

5.6.5.2. Overcoming Objections

5.7. Followup

5.7.1. Using followup sequences on InvestorFuse