Introduction

• Host: Bob Mangold, the Listing Coach.
• Podcast: If You List, You Last.
• Purpose: Share strategies for building a better real estate business.
• Highlight: Introduction of the EquityMAX Annual Review Strategy as a New Year’s gift to agents.
• Reminder: Join the Real Estate Asset Advisor Facebook group and connect at www.bobmangold.com.

Overview of EquityMAX Annual Review Strategy

• What is EquityMAX?
  • Proprietary software and process for debt elimination.
  • Helps clients pay off personal debts and mortgages in 7-10 years.
  • Redirects previous debt payments toward retirement savings.
  • Goal: Debt-free clients with $1M in cash over 30 years.
• Why Use This Strategy?
  • Positions agents as trusted advisors.
  • Potential to generate more clients in January than the rest of the year.
  • Focuses on managing clients' primary asset—their home.
  • Builds long-term relationships and generates referrals.

Implementation Steps

1. Schedule 25 In-Person Meetings
   • Target: Hot leads, past clients, sphere of influence, referral partners.
   • Focus on discussing debt elimination, asset management, and financial planning.
2. Approach Clients as Trusted Advisors
   • Similar to CPAs or financial planners managing portfolios.
   • Provide expertise on debt management and home value growth.
   • Position as a long-term partner in financial success.
3. Build Relationships and Referrals
   • Example questions:
     • “Who do you know that wants to be debt-free in 7-10 years?”
   • Provide free planning sessions for referred clients.
   • Encourage clients to text referrals on your behalf.

Execution Details

• Conversation Framework:
  • Annual review of debt, cash flow, home value, and credit score.
  • Create urgency by offering limited appointment slots.
  • Reassure clients even if they haven’t implemented the previous year’s plan.
• Data Gathering for Meetings:
  • Request:
    • Free credit reports (or perform a soft pull).
    • Last mortgage statement.
    • Homeowner’s insurance declaration page.
    • Property tax bills.
  • Identify opportunities for savings (e.g., refinancing, insurance quotes).
• Analysis:
  • Determine current home value, equity growth, and debt reduction.
  • Discuss long-term equity and opportunities for leveraging it (e.g., upgrades, new homes, investments).

Impact and Benefits

• Client Benefits:
  • Save hundreds of thousands in interest payments.
  • Build equity faster and achieve financial goals.
• Agent Benefits:
  • Generate additional transactions and referrals.
  • Establish a pipeline of future clients.
  • Enhance reputation as a knowledgeable, trusted advisor.

Examples and Case Studies

• Scenario 1:
  • Clients reduced debt from $58K to $20K and gained unexpected equity.
  • Refinancing converted non-tax-deductible debt into deductible mortgage debt, saving $1,400/month.
• Scenario 2:
  • Annu

Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisors

Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org

Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com