ENZ 148 – A Look Back on 2017

In this episode of Escaping The REI Newbie Zone Chris Bruce talks about the successes and failures in his house flipping business in 2017. Chris talks about what worked really good in marketing this past year. We talk direct mail campaigns, cold calling and a couple other marketing tactics. You’ll hear what we will be focusing on heavy in 2018 as well what we will be letting go. This podcast is all about year end review. No matter if you’re brand new to real estate or been in real estate for a while you’ll benefit from this episode. 

Have a happy new year and see you in 2018.

Make sure to subscribe to the podcast 

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ENZ 146 – How to Re-Negotiate Deals Last Minute To Save A Deal

In this episode of Escaping The REI Newbie Zone Chris Bruce talks about how to re-negotiate with a seller last minute. There are times when you may be off with price. Maybe you got the property under contract to high and you have a buyer that wants to pay around what you have the property under contract for what do you do? Well instead of giving up on the deal there are a few tactics you can use to re-negotiate. I talk about all of them and I how I used one of the tactics on a recent deal we completed.

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ENZ 144 – How To Run Comps On Properties Without MLS Access

In this episode of Escaping The REI Newbie Zone Chris Bruce talks about running comps on properties when you don’t have access to MLS. Now in other episodes you’ve heard me talk about growing a relationship with a realtor for the sole purpose of being able to get the best comps in your market. MLS is still my go to when it comes to finding out what a house is worth and more importantly what I can offer the seller.

So what websites and resources can I use if I don’t have access? I talk about them on this episode. From Redfin, Zillow, to Trulia and a few other websites. You’ll get my strategy I use when buying a property to ensure I walk away with a profit.

Get access to free course by texting the word WHOLESALER to 33444

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How To Keep The Phone Ringing Daily With Deals

The Two Strategies & Lead Source That Will Keep Your Phone Ringing With Motivated Sellers Daily

From: Chris Bruce

Tampa, Florida

 

The key to making money as a wholesaler is making offers. To increase your revenue you need to buy (aka contract if you’re a wholesaler) more houses. In order to make offers obviously you need a consistent flow of leads coming in daily. This is when marketing comes into play. People fail to realize as a real estate wholesaler you’re a marketer first. There are two strategies that I will be talking about in this post I use to keep leads coming in daily.

As you can see below

Now if you’ve listened to any of my 144 podcasts you’ve heard me mention direct mail being my #1 strategy I use to keep deals coming in every month. That’s still true today but in our office we do direct mail differently than most investors.

You see most GURU’s tell you go grab an absentee owners list from list source pick up some yellow notepad paper and get to writing out WE buy houses letters, stuff them in envelopes and drop them off in the mail. I use to do that about 7 years ago and did it consistently until it stopped working.

I typically got around a 1% response rate. I went from getting 23 calls in a weeks time to getting 6 calls a week. I had the slightest idea of what happened…

Why Did my call flow drop more than half?

One simple answer. COMPETITION…

As my local market Tampa started to be flooded with more investors and competition got deeper my call flow dropped. It became harder to find deals. My hand was also tired of writing so many damn letters. I needed to find a better and faster solution.

That’s when I was introduced to Click2mail by a friend on Facebook. Yes the service is just like it’s name. You can literally click a few buttons and your mail will be on the way to the persons house/office. So now that I finally found a faster way to send mail I needed to get more mail out at a cheaper cost. Letters can get expensive with the cost at a $1 a piece.

That’s when I started to test postcards… And the results from this was nothing shorter than amazing.

Let’s talk cost first, on click2mail the cost for postcards are around 42 cents a postcard this includes postage. So mailing to 500 people will only cost you around 200 and some change. Which if you compare it to letters you would spend around $500 and change to mail out. With letters you have to hope that the person who receives it opens the letter. Many people who receive letters look at the envelope and when the name on the envelope doesn’t look familiar they just end up tossing it in the trash. That’s a lot of waste on marketing dollars.

However with postcards it’s guaranteed they will see your message. That’s why I love to send out postcards when I’m marketing to sellers.

Ok so lets talk about the most important thing The elephant in the room.

Who the heck am I targeting? 

After reviewing my direct mail campaigns over the past 18 months 92% of the houses I’ve bought and sold have been VACANT. Knowing these stats has helped me to start targeting with this filter of houses being vacant. You see when you target just absentee owners for instance. You end up getting a bunch of sellers calling angry because their house has a tenant in it, and their is no motivation to sell. They don’t even understand why you’re sending them a letter or postcard.

When a homeowner has a vacant house there’s more motivation to want to sell. First off their liable to lose their insurance on the house due to the property being vacant. It may be vacant for several reasons, they may have inherited the house, maybe their tenant just recently got evicted. Look at it like this, they have a house which probably needs a ton of repairs, and it’s just sitting there costing them taxes every year and not making them any money.

Here are some recent results from my campaign sent to vacant houses.

Now tomorrow I’ll continue to share with you the second strategy I use to find deals that doesn’t cost you any money. Can you guess what it is? I’ll reveal it tomorrow.

If you would like to get a list of VACANT houses in your area click here.

ENZ 137 – How Much Money Do You Need To Be Wealthy with Clayton Morris

In this special episode of Escaping The Real Estate Investing Newbie Zone Chris Bruce chats with TV host turned Real Estate Investor Clayton Morris. Now you’ve probably saw Clayton on Fox News before but you may or may not have know he’s built his fortune through real estate. Clayton invests in properties that brings in a lot of Passive income monthly. If you don’t know that’s they key to becoming wealthy.

Passive Income = Wealth

So how much money do you need to be wealthy? How much passive income is enough to be financially free?

Well these are all things we talk about on our Podcast interview so tune in.

Websites Mentioned on Podcast: www.MorrisInvest.com

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ENZ 136 – Why Thinking Like Dr. Phil Will Lead To Closing More Deals?

On this special episode of Escaping The Real Estate Investing Newbie Zone Chris Bruce talks about a special method he uses to get more deals closed. Yes it has something to do with Dr. Phill. You see most people end up just analyzing a deal and then going out making a offer. That’s a fast way to end up getting your offer DECLINED fast!

So how do we use the Dr. Phill approach to get more deal? You’ll have to listen in to this weeks episode. Also if you’re interested in learning the routines, habits, and strategies to closing deals and quitting your job within 24 weeks or less, you need to pick up my new book.

Grab it here: www.notanewbieanymore.com

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ENZ 134 – Why Educating The Seller Is The Key To Getting Your Offer Accepted

In this episode Chris Bruce talks about why educating the seller is the key getting your offers accepted 8/10. Most investors while on the phone or out on an appointment just give the seller their offer and expect for them to accept it. That’s just not how life works unfortunately. You have to lead with value, educate the seller where the market is, the prices, what it takes for them to get their asking price. I’ve found time after time when myself, my acquisition manager, even my students have done this we’ve got more contracts signed. This is the key to negotiation and getting the house at the price you need to get it at in order to make a profit.

So on this episode I’m going to teach you step-by-step on how to do this. I also give away my free real estate wholesaling course at the end.

Just text the word WHOLESALER to 33444 to get instant access.

 

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ENZ 131 – The Big Secret: Personal Risk

In this special episode of Escaping The REI Newbie Zone Chris Bruce talks about the big secret. The one “Aha” moment that really changed everything in Chris’s life and it will for you. You see as kids we were taught that failure is BAD…If you fail you get scolded in school or by your parents. In business though, it’s the complete opposite. Failure in business is inevitable the key is to fail fast and fail forward.

This episode will give you the paradigm shift and set  you on a huge path to success. For those of you that are new and beginners in real estate investing this episode is for you. Once you understand the personal risk and this big secret you will become successful. Enjoy this episode of Escaping The REI Newbie Zone.

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ENZ 130 – Recap From 1st Quarter Real Estate Retreat

In this special episode of Escaping The REI Newbie Zone Chris Bruce gives a summary of the 1st Quarter Real Estate Mastermind Retreat in Miami FL. What a blast it was to put this great even together with my friend & business partner Marlon Wilson. Everyone enjoyed the Retreat gained new insights as well as strategies for their real estate business.  Whether you’ve been involved with Wholesaling, or Rehabbing this event was meant to teach you how to put systems in your business. So that you can finally step out the technical role and become the Entrepreneur. Also we had a lot of fun on the yacht and being able to get out in the beautiful city of Miami FL.

If you weren’t one of the lucky ones to make it check out the video below.

We will be holding our next one in June 22nd – 25th. To get more information about it go to www.realestateretreat.com

 

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ENZ 128 – How To Get More Offers Accepted By Sellers

In this episode of Escaping The Real Estate Investing Newbie Zone Chris Bruce talks about a few strategies to use when talking with a potential seller. When you ask the right questions you’re able to really find out a sellers wants and motivation. Sellers are not always going to come out and want to sell you there houses for 30-40 cents on the dollar. However a lot of deals area created and negotiated down when you ask the right questions and provide a clear solution to their problems. If you’re wholesaling real estate and want to learn how to get deals under contract low enough so you can buy and wholesale. You’re going to love this episode. Make sure to share it with your friends.

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