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Hey! by Mind Map: Hey!
5.0 stars - 4 reviews range from 0 to 5

Hey!

Two goals

My Spain trip & what's working now

Pics

Villa

Answer any question you may have

Remote Property Flipping / Virtual Wholesaling

Still alive and well today!

Check out these podcasts

http://www.remotepropertyflipping.com/

"Virtual Wholesaling - Simple, System, Scale"

"Automated Wholesaling Series"

You CAN flip deals from anywhere in the world!

Lifestyle!

Location Independent Business

Vision first, business second

Steps to Automated Wholesaling

My assistant sends direct mail

My VA prescreens the leads

All the leads go into Podio

My local wholesaling partner takes the leads and meets with the motivated sellers

He leaves tasks in Podio for my VA's to send offers to the un-motivated leads that he doesn't meet with

We follow up every month with the old leads

The wholesaler meets with the motivated sellers and gets the property under contract

The wholesalers sells the deals to their buyers

We split the profits

Sometimes, we also split the marketing fees out of the profits

Advantage to wholesaler?

Someone else does all the marketing

Someone else prescreens all the leads

Someone else does all the follow up

Advantage to you?

Your wholesaler can negotiate a better deal than you can because they are going to look at the house in person

They usually have better buyers than you do, who will pay more

They can sell it faster

They have the title companies, the money, the connections, etc

You can literally do this in any market in the USA, from anywhere in the world

Steps to Land Flipping

Pick a county

Find comps

Get a list @ Listsource or Realquest

Mail blind offers @ 15% of lowest comp

Get it under contract

Advertise it at 50%

Who buys these deals?

preppers

Hermits

Mobile homes

Hunters

ATV owners

Campers

Anti-Social

Uni-bombers

Example Deal

County in Colorado

4-6 acres

Lowest Comps - $12,000

We know we want to sell at $6,000 (~$1,200 / acre)

We have a 5 acre lot

We offer 15% ($180/acre) = $900

We negotiate up to $2,500

We sell it quickly on LandWatch.com for $6,150

Profit = $3,650

About one deal for every 300 - 500 letters you send

Advantages

Virtually no competition

No urgency to close deals

You don't have to buy until you get a buyer to sell it to

You don't have to talk to as many sellers

Lower cost per deal

Easier in many ways to automate

No typical house headaches

You can also sell these deals on terms and make great cash flow

Keys / Gold Nuggets

Make multiple offers

See Calculator

Make offers to every cold and warm lead, Hot leads you meet in person, In the mail & email, Click2Mail Email, Mailchimp or Aweber, Freedomsoft

And don't spend too much time doing this!

Cash

Follow up

The money is in the database

BombBomb

SlyBroadcast

Goal - every lead 100% yes or 100% no

What should your VA be doing every day?

*** So you can focus 100% on the 20%, Talking to sellers, Finding buyers, Making offers

Do all your marketing

Do all your Podio data entry

Send the offers for you

Do all your follow up

Marketing

How much should you be spending?, Your average deal profit, every month, Important to focus!, Be a laser beam

Lists, Listen to this podcast from Tom Krol on Bigger Pockets, Two Main Lists, Owner Occ's with equity, Absentee Owners, Evictions, Garage Sales

Direct mail pieces, Doesn't matter!, Mix it up, Postcards - yellow letters - professional letters

Vendors, https://www.yellowletters.com/, http://www.yellowletterhq.com/, http://yellowlettershop.com/

Simple System Scale

Marketing Plan / Scorecard

Done is the new perfect

Progress, not perfection

Wholesaling is easy, wholesalers are complicated

Stop F'n Around & Being A P'y - video

Failing Forward Fast

You can't steer a parked car

JV's / Partnering

Stop trying to fix your weaknesses - outsource them

Find someone who is good at what you're not good at, and partner with them

What others said

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Want help?

Application Only - http://joemccall.com/coaching

What's Involved....

Get all your marketing done for you

Get all my courses

Weekly coaching calls

Private facebook group

Ask me questions on Voxer, anytime

Get my help with land deals

Accountability - to your marketing plan and scorecard

12 Months

Min Requirements

$500/mo to spend on marketing

20 hours a week to the business

Free Strategy Session with Dave - rockstar student

Get your coaching fee back if / when you partner with me on a deal