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The best thing about attending events, other than getting off the chair and out of the office, is meeting people and getting new ideas. There are always lessons to be learned from the people that you meet at events. It’s best to dial your list down to three big doable things that will change the way you run your business. One of those big things is to have an up and a down funnel for your business to direct people and put them on a journey with you. What they gain from the experience could turn into value, connections, and a growing database. The best way to drive traffic for your website and database is to learn how to identify your avatar and set clear goals to gets things going faster.
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Raising private capital doesn’t happen overnight. It is a process that begins with building relationships with people around you. This networking move also creates value for the product or service that you are offering to the client. Integrity and authority comes in when you start sending hello letters to your database, sharing case studies that show you know what you’re doing. Marketing yourself online is also another way of raising private capital, so having a professional looking LinkedIn account can really step things up for you. Learn the importance of doing your due diligence up front and knowing what your number looks like.
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If you want to find deals that are worth bidding on, the key is to do pre and post due diligence. While most note investors paint this task demanding and time consuming, when you start breaking down assets things move a lot quicker. One primary strategy is removing the states and cities you have no information about or simply don’t want. This will allow you to look into cash flows and payment histories easier. Using NoteProz.com can also help you check values online. Learn how you can figure out your quick ROI and why you shouldn’t overthink when submitting your bids.
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Real estate entrepreneurs and note investors are defined by their marketing skills because this can take your businesses to the 10X levels. However, most entrepreneurs these days are spoiled brats who think they are doing a lot for their business by being active in social media rather than doing the things they need to do in the field. Note closing is similar to MMA where investors start as contenders in the marketing octagon and become the punching bag for other investors. But that’s okay, because this is where the learning happens. When you get punched, you punch back by finding and closing deals, raising capital and becoming a trusted source in your circle. Learn how you can win your first championship belt in the note closing marketing octagon.
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For a note investor to get 50 deals and make 50 offers, they need to have an idea of their due diligence right up front. The thing is, due diligence is one of the processes that takes a good chunk of time for a note investor. But JD Bates created the software NoteProz to help them save time doing due diligence with just a click of a button. This speed-up in the process is a huge help to get bids up on a regular basis because due diligence happens before and after the bids.
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From the publisher's feed
Unlock Six Figures & Beyond in Distressed Debt Investing.
Welcome to "Note Night in America," the essential weekly podcast for savvy real estate…
Since 2010, Scott has mentored the "Who's Who" in the note industry, helping investors close on thousands of deals and providing the specific coaching needed to build a successful real estate business.
What We Cover (Topics & Keywords):
Meet Your Host: Scott Carson
A 20-plus year veteran as a real estate investor and entrepreneur, Scott is a multiple award winning educator and podcaster, and a media favorite, featured in The Wall Street Journal, Inc.com, Investors Business Daily, and hundreds of conferences, podcasts, and real estate clubs across the country. He brings honest, no-bull experience to help you reduce your learning curve and maximize the learning process.
Join the Tribe:
Subscribe now and start your journey to financial freedom through debt investing!