Seems like today there's a lot to share... my audio mixer is now coming in Monday. I got several books from the library, Amazon, and Free+Shipping with links below.
I talk primarily about Wholesaling Lease Options real quick and provide 4 options for sellers when making offers and a strategy for finding homes based on heat maps and how I use heat maps.
Links to Resources:
Leadership Secrets of Attila The Hun
Man In The Mirror by Jesse Ewell
The Sober Entrepreneur by Russ Perry
Legendary Marketer by David Sharpe
Wholesaling Lease Options by Joe McCall
If you want to get in touch with me, recommend topics to discuss, or give feedback; email me: [email protected]
Show Notes:
Alright so today I am going to just go over a few things one is the audio mixer that I ordered on Amazon that initially said it was going to be here Friday and then Saturday and now it's Monday so I'm not sure when this thing is going to arrive but as soon as it does basically the date after it arrives I will probably record the first episode on that mix and I went ahead and got the Yamaha 10 channel mixer can't remember what the model number is but anywho a few things so last night I did the presentation at the North Tampa sudbrook meeting for TV rep or Tampa Bay area and we were talking about finding deals that presentation was awesome there is a high number of people in attendance and a lot of Engagement so a lot of people asking questions and creating a conversation there was a little bit of a debate at one point but it was unrelated to the topic that we were going over that's so that was fantastic next month February 6th the first Wednesday of the month I will be having a guest speaker from his Capital H is capital out of Orlando and he is going to be speaking about hard money and in particular The Good the Bad the Ugly basically everything a investor or a new wholesaler needs to know about using hard money because a lot of people get into the industry not really knowing a lot about how hard money Works they just think I got a I have a deal now I can go to a hard money lender and get cash and close on the deal and flip it and make some money well it's not that straightforward so this is why I were having someone from his Capital come out to talk about hard money the next thing is this past weekend the family and I went down to the local library if yours has something like this I encourage you to do it always has a little bookstore that's kind of separate from the library and they accept donations we basically you're going there see what kind of books they have and pay that are geared towards whatever topic you're looking for and you'll pay $0.25 50 Cent on a dollar a dollar fifty maybe $2 is like the max that I think I've paid for book and I actually found a book on leadership and it's it's the leadership secrets of Attila the Hun by West Roberts and this thing I think I paid $0.25 for it so if you go into your local library and they have a section where you can buy books I encourage you to do so you'll find a lot of business books in a lot of books on leadership marketing just go and check it out you know your your library might be different this book so you here it is 109 pages long sex not that big of a book that it's probably a maybe a week-long of reading or if you read 10 pages a day you know you've got about ten eleven days of the breeding so that's one of the books that we got I had gotten a bunch of other ones and then go into some of the books that I got as a free plus shipping package and I'll go through them real quick the one that I'm reading right now is wholesaling lease options this book was written by John McCall and I will I'll see about getting the link on the show notes for this book and it goes over it says discover the fastest and easiest way to make money in real estate today she goes over in finding the seller making the offer and then finding the the buyer and I'm putting it all together and automating one of the things that stood out where is it I hate he actually provide some pretty good questions to ask but there was something specific that stood out to me but I'm not I'm not going to waste any time trying to find it he does make for offers when he speaks to the seller he says look I'm going to send you some information about my offers and he sends basically a letter of intent with four options on there four offers and the ideas that the seller will select one of those options and send it back in your sign it send it back so that Joe or his team know how to complete the transaction so he does the first one he does is a cash offer the second is a at least option the third is where he Wholesales the lease option and then the last one is where he provides Consulting he teaches the seller how to how to set up a lease option and he will basically he'll charge them the first month's rent but I'm a little bit more than halfway through so I'm probably going to finish it maybe tomorrow there's some good information in there there there are some new tips or tricks that I never really knew about especially with using Google Maps there's something that he does that is pretty pretty nice what he does is he will look up a specific County and let's say for the county that I'm in Hillsborough I could type in Hillsborough heat map and there was something else that he was actually doing and I can't remember exactly what it was but from that he was able to find some of the areas that he would like to invest in or at least find some deals in another thing you can you need to do is search median home prices to do this simply Google median home median home prices and then the county and state but that's not it okay Trulia does have this feature a heat map feature and I have used this feature before I actually use it quite often when I am working on a RV for pay property and I want to know where this property resides as far as how much crime there is in that neighborhood and there are other tools are features that truly a duct provide with the heat maps you can actually filter the heat Maps and look at different demographics you can look at homes where the owner is is married or the homeowner is single or the homeowner has gone to college is educated things like that there's a few random things in there but it it actually is pretty powerful and what what Gemma called as is I go to Google not Trulia type in the phrase Shelby County Tennessee heat map and look for the results provided by Trulia then short the findings by popularity and then he does a few other things he grabs the at the zip codes for those areas and I need 8 from there he starts finding the median price homes for those zip codes and those are the properties that he will Target some pretty cool things in here are the questions that he asks are a little bit different than what I asked so that's nice and then I got three other free plus shipping books that caught my interest two of them written by wake up Warrior certified trainer and I'll lead us for the last the next one that I got for free plus shipping is called legendary marketer this is how to build a digital marketing business and earn unlimited income from anywhere in the world this is written by David Sharpe and I mean so far it looks as though it's a pretty solid book I haven't gotten to read it yet because I can't I can't do what I used to do which is start reading one book and then another and another and then all of a sudden I'm reading 4 books at one time and my train of thought just goes that just gets derailed so I can't really keep track of what's going on with beef book sometimes and so I tried to finish one book and then go on to the next one but there's there's a lot of great information in here he talks about high ticket sales how to get a virtual team the big three things you must do the perfect digital business model I mean this is a lot of great information some of it I will I'll probably use some of it maybe not all of it but that's for later since my focus this month will be on the retail side of Real Estate so put that to the side the the next one and a quarter of them when I got them the next one is a book by Jesse Newell I believe I'm saying that correctly his book is Man in the Mirror challenge yourself everyday to become the ultimate version of the man inside and it's forwarded by coach Saint Paul Soffe Jesse Jewell is a leed-certified or lead certification trainer in the Warrior organization wake up Warrior movement that I've spoken about before and again this is a hundred and semi Pages 124 a 125 page 125 there's some there's a line from the song Man in the Mirror by Michael Jackson. Hundred and twenty-five Pages again another book that should be pretty quick read and and I've already taken a photo with it and I tagged Jessie and there I did see a lot of contact from Jessie while I was in the in the Brotherhood you know seeing some posts from him and and and some of the videos that he was in talking about I believe it was deep engineering I believe he was in there's some other ones that I remember seeing him in so that's that's going to be a great one he actually started a thing called habit lifestyle and he actually has a podcast habit faced lifestyle podcast I believe he just started that not too long ago so check that out and definitely check out the book man in the mirror and I'll put a link to the book in the description and then the last one maybe not the last one because I have one more coming and I'll talk about that one when I get it but this one is the sober entrepreneur change your family tree that's that's the tagline for it this one is written by Russ Peri-Peri another one person from the wake up Warrior movement I believe he's a certified trainer and he started his own design company I believe it said design pickle it sounded weird design pickle I like it the super entrepreneur he basically says that you know when you're addicted to certain things in life trying to be successful starts to become a little bit harder things you know you're basically playing the game on like hardmode because you are yeah you're you're basically you're addicted either to alcohol Drugs p*** whatever it might be some people are addicted to their work and they may have a dysfunctional business and so this book I guess is to give us an inside and how to really become more I guess more mindful of what we are doing not just to ourselves but to our families and our businesses until she goes through quite a bit in this book I have I've just gotten the book today so there is a Breaking Point which I'm guessing is his story his backstory and then there's chapters on the sedation is the enemy addicted to the hustle beat the block scarcity who's on your boat a Year of Firsts for part upgrade and I'm bringing it home now. This book a little bit longer looks like about 200 pages and it looks like a pretty solid book from the information that I got on the website where I ordered the book from again I'll put the link to this book in the description so there you have it you've got four bucks from free plus shipping some pretty great books and then if you go to your local library and that's what I try to do quite often I've actually gotten a good stack of books from the library that I bought for just a few dollars I did this as well when I went up to North Carolina with my family and a friend of mine and his family we went into the local library and they were having a book sale so I bought I think about ten bucks business books and it cost me about ten bucks so I definitely do that it's you will not be let down well I guess it depends on the library and how much they have there but yeah definitely check that out so leadership secrets of Attila the Hun wholesaling lease options by John McCall and then legendary marketer by David Sharp Man in the Mirror by Jesse Jewell and the silver entrepreneur by Russ Perry and I'll put links to these books in the description the one for Attila the Hun I'll try and find it on Amazon and I'll put a links to that book for Amazon on there and I'm actually going through a an affiliate link so if you buy that book through Amazon that is actually going to help help with the show so whatever I make from the Amazon affiliate program is basically going to helping the show continue so I'll be adding more upgrades to the production of the show and also posting posting on Facebook posting so it's all everything is all out of pocket right now and overtime the this affiliate program and maybe something else later on we'll help you to cover those costs and tomorrow I will be heading over to my broker's office for one last class that I have to take it's a required course or required class that I have to take and at that point I'm going to sit down and talk with the broker about some things that I have planned for this month and also see about getting a mentor as well and they have mentorship where the mentor will get I think it's 50% of your commission the first transaction and then 25% of your commission for the second transaction and then nearby the 3rd transaction you should be completely on your own and if if the commission coming in is 5 grand and I'm paying $2,500 of that to my mentor well it's better than making nothing with my license which so far I have not been doing anything with the license since I've gotten it I've just been paying my dues to the local realtor board and then paying to my broker every month so if you are a brand new realtor check to see if your broker has a mentorship program and definitely get into that so I think that wraps it up for today deed and a few things I wanted to cover were the four offers that all makes the first is a Pac offer so basically wholesale offer and that is going to be the lowest offer that the seller receives the second is going to be a lease option and that is going to be more in your favor as the fire II is a is wholesaling a lease option so now you are offering more towards the buyer what kind of getting close to what the buyer or close to what the seller wants and then you are a signing the lease option to a tenant buyer in the last last option of the fourth option is Consulting so there's all that so if you are an investor you are a wholesaler and you have different solutions to a problem and provide three and see where that takes you because that can help with negotiations and I tend to do kind of the same thing but I'll do it on the phone as I'm talking with them I'll let them know hey look I'm going to run the numbers and and then I'll I'll call you back or I'll email you and call you back so you can see the numbers on paper and then we'll talk about some other options so I do at the wholesale offer which is the lowest offer that they're going to get and that's a cash offer and then I will ask them if they will do a seller financing and that way I might be able to get a rental and then I will ask them if they're looking to list property since I met agent and I will fully disclose that during our conversation so I I do provide three options there so definitely do the same in your business the other thing is look at the heat Maps using Trulia or go to Google and not Dundee Google version of this so go to Google type in whatever County so for me it would be Hillsborough Hillsborough County heat map and from there you can start that filtering down your data I just go to Trulia and use Trulia definitely helps especially if you are if you think you have a great deal as a wholesaler if you think you have a great deal but your buyers don't want to buy in a crime-ridden neighborhood so if the heat map on truly I think they switch the colors now so if it's in the dark blue then you don't want to put that property under contract unless you do have buyers that will go into those kinds of neighborhoods and you do a rehab and sell the property in that case yes go ahead and buy it but definitely check the the heat maps on those so hope you learn something and I'll see you tomorrow