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Macro question about land investing/wholesaling
Hi guys I’m new to the community here. Land flipping/investing/wholesaling is an idea that came on the radar a few weeks ago through a podcast I listened to and since then my IG algo is nothing but land gurus (it seems like a bottomless well 😅). I’ve gone down the rabbit hole a bit now of books/podcast/free trainings etc and am evaluating the fit of doing this on the side with my wife. A few things I’m curious about for those here with experience if willing to share… 1. What do you enjoy about the work of building this business? 2. Where do you feel you add the most value to the partners you work with? The context here is I’ve heard house wholesaling has a reputation of low balling old people who don’t know the value of their home or are in a jam. I’m curious if the wins more in the “information asymmetry” bucket or in a way that feels more like all benefit. 3. What’s most challenging or frustrating about this business model for you? Thanks!
What Happens when A Seller Asks For Your Offer?
You get a seller on the phone. It's going fine. Then they ask, "So what's your offer?" You throw out a number, they push back. You defend it, they go quiet and a deal you could have closed slips away. The rule that fixes most of it: Never give your number before you have theirs. You can't negotiate off a price you don't have, and whoever says a number first sets the anchor. Ask more than once if need be, most won't give it up on the first try. The ones who close just keep asking. If they dodge, use the ballpark: "If I came back with something that started with a 4, are we in the right range, or way off?" They'll tell you where they really are without feeling like they gave anything up. That's one move. There's a whole system behind it, and that's what I'm building the next workshop around. Where does the seller get away from you?
Poll
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What's your biggest struggle in sales as a land investor?
Last month's Dispo Decoded Workshop kicked off our Disposition theme for July. As we head into the final stretch of the month, I'm already looking ahead to what's next: sales and closing with sellers, the stage before dispo even starts. You get a seller to agree on price. Then three days later they go dark. Or their spouse calls, or they need to "think about it" again. Agreeing on price is not the same as closing the deal. There's usually something else sitting underneath, a spouse who hasn't signed off, a fear about taxes, a nephew telling them the offer's too low. Miss it, and it kills the deal later. Sales and closing pulled 25% in our last poll, the second biggest struggle in the community, right behind Disposition. As I’m building the next workshop, I want to know exactly where it's breaking for you. What's your biggest struggle in sales as a land investor?
Poll
7 members have voted
DealMachine, ListSource, PropStream
What list source is everyone using right now? DealMachine, ListSource, PropStream, or something else? I’d also appreciate any pointers on why you chose one platform over the others. Also, I’m trying to get my Skool level higher, so likes on this post and my comments would help. Thanks!
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Direct Mail Campaigns
Is anyone here running direct mail campaigns? What service or platform are you using? For example, Direct2Mail or something similar. Second question: do you send sellers to a voicemail screening/filter number first? If so, what service do you use for that setup? Also, I’m working on raising my Skool level, so any likes on this post or my comments would be appreciated. Thanks!
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