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Don't Buy Real Estate

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8 contributions to Don't Buy Real Estate
What is Actually Killing Your Pipeline Right Now?
Real talk — what is actually going on in your business right now? Not the surface answer. The real one. Pick one and drop it in the comments: Not enough leads coming in Leads are coming in but I can't convert them I have deals in the works but stuck on financing Honestly... I'm not even prospecting right now No judgment. I want to know so we can make sure we're covering the right stuff in here. If you picked option 3 — DM me. I might be able to help with that one directly.
2 likes • 7h
Mine is follow up. Keeping the leads that are about 60-90 days out engaged and staying top of mind.
Double Closing in Wholesaling (Simple Breakdown)
Had a question on today’s call about double closings, so here’s the quick version A double close is when you actually buy the property and then resell it immediately to your end buyer. Instead of assigning the contract, you’re doing two transactions: A to B: You buy from the seller B to C: You sell to your buyer Both usually happen the same day or within a short window. Why use a double close? - You don’t want the buyer seeing your assignment fee - There’s a big spread and you want to control the deal - The seller or buyer doesn’t allow assignments Example: You get a deal at $300KYour buyer is at $350K You close on the $300KThen resell at $350K You keep the difference (minus closing costs) Transactional Funding (this is key): I’ve got a lender who will fund the deal at 0.75% of the loan amount Quick example: $300K purchase0.75% = $2,250 cost So if you’re making $50K on the spread, paying $2,250 to control the deal and keep it clean is a no-brainer. Key things to know: - You’ll need funding (transactional funding or your own cash) - You’ll pay closing costs twice - You need a title company that knows how to handle it When I use it: Only when the spread is big enough to justify the extra costs and risk. If the deal is thin → assign it If the deal is strong → double close it If you want a connection to the transactional funding lender, I can intro you. 0 down and they finance it all I’ll get you set up… and yeah I’ll take my referral fee too
Double Closing in Wholesaling (Simple Breakdown)
1 like • 7h
This makes sense. How do you go about marketing the property? The biggest issue here is not having permission to market it on the MLS from the actual owner. Locally they are talking about fines and such for listing a property that is under contract.
The Follow-Up Framework That Actually Converts
Most agents follow up once or twice and then disappear. Here's the framework I use that actually works: Day 1 — Same day. Text or call within an hour of first contact. Speed wins. Day 3 — Check-in. No pitch. "Just wanted to make sure you got my info. Any questions?" Day 7 — Value drop. Send something useful — a market update, a tip, a relevant article. Day 14 — Personal touch. Reference something they mentioned. Show you listened. Day 30 — Re-engage. "Still thinking about buying/selling, or has life changed?" After that — monthly touchpoint. Forever. Most leads go cold because agents give up at day 3. The money is in the follow-through. What's your current follow-up sequence look like?
2 likes • 7h
This is my current cadence. They are also subscribed to property alerts which they receive once a day forever.
Got my first Title list!
I got my first list from my Title Rep! It is all HOA liens and NOD’s. She said she doesn’t have access to water shut off data and there’s a cost associated with divorce data. She offered me a quote. I’ll just start here ☺️. The HOA lien list is pretty long lol.
2 likes • May '24
@Timothy Whitman I get mine sent monthly 😁
1 like • May '24
@Joshua Massieh Depends on the title company. My title will use their skip trace programs for me for free and send me the pre foreclosure monthly just gotta set the network.
Big Goals
Whats up bulls! I'm a licensed agent out of Montana and have two rentals from primary hopping. Last year I closed a little under $4m in volume from 8 retail real estate transactions. For my production goals in 2024 1. I'm shooting to close 40 sides and hit $10m in production. 2. Also do one more primary residence move (My family needs a bigger home) turning current home into rental. 3 3. Add a multi family to the portfolio. 4. I'd like to add 5 agents to my personal team.
2 likes • May '24
Oh fun it’s like a game! Thanks for the info brother! I always love watching everyone post goals and see how they come to reality so another community for that is super exciting!!
1-8 of 8
Kevin Wells
3
37points to level up
@kevin-wells-8216
Montana Agent

Active 5h ago
Joined May 23, 2024
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