Storage Wins

EP391: Here's What 98% of Your Competition Isn't Doing (& How You Can Capitalize Quickly)


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Alex offers some tips on what your competition is most likely not doing! These small changes have made big things happen in Alex's business. It involves a little bit of creativity, flexibility, and having an open mind, but it works! Find out how Alex maximizes his contract deals and potential leads to the fullest.

Key Takeaways:

  • Alex is currently at the ASCEND Mastermind Retreat.
  • When you make offers to sellers, consider removing the contingencies, like inspection days, etc.
  • Have an expiration date on your contract. It's important to create a sense of urgency.
  • If you know it's a deal, don't be shy to put a solid earnest money deposit down.
  • Transparency is key here.
  • Remember to check with your local attorney before offering any type of referral fees.
  • If you are going to make $20–$30K on a deal you normally wouldn't have gotten, why not make them a JV partner in the deal?
  • If you have a contracted property and the property is vacant, throw a bandit sign in front of the house (with the sellers permission of course)!
  • You don't lose anything by asking! Ask your potential sellers if they'd be open to a sign in front of their house.
  • We get bombarded by so much info on a daily basis. Just pick one thing and implement it.

Mentioned in This Episode:

How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life: Don't Wait To Enjoy Your Life Tomorrow, Live It Today!

Interested in joining the next Mastermind in July 2020? Holidaymastermind.com.

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Tweetables:

"There has to be an expiration on the contract to create a sense of urgency."

"If it's disclosed to your buyer on paper then you can use their deposit as your deposit on the front-side transaction."

"We have offered up to $5,000–$10,000 referral fees for people who bring us opportunities."

Ask Alex A Question:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

Did you get your FREE Online Course?

Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course.

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Storage WinsBy Alex Pardo

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