So we closed on the sale of an investment property this week, it was a really cute little 2 bedroom home with a Jack and Jill bathroom. We sold the home to a priest who had been dreaming of owning this home for some time. He was really excited to find out that it was on the market for sale and he purchased it immediately. From date of contact to closing was 21 days which is so amazing! Then right before closing we found out that he actually knows the private lender who funded the deal for us when we bought it. It truly is a small world folks. That’s why everything in our business is done with the utmost of integrity!
It has been a really busy end of year for us and this closing was really special. For all the information you need on finding buyers and sellers for your real estate investing business be sure and check out my website at www.marketingmagiclady.com
I know I have been remiss in posting to my blog regularly but I have been super busy winding up my year by finding more motivated sellers, buying some houses and selling some houses. I also got to speak a some amazing events in the last couple of months.
Right now there are lots of motivated sellers out there trying to get their homes sold by the end of the year and that creates lots of new deals for my real estate investing business. And buyers are trying to get homes bought and closed before the holidays. We just closed on a house we sold this week and the loan process from beginning to end for our buyer was 21 days. That was amazing!! You see banks are also trying to get loans closed before the end of the year.
So it’s been a super busy time for us in our real estate investing business. For all the information you need to grow your real estate investing business ten fold coming into the new year be sure and check out my website at www.marketingmagiclady.com And be sure to sign up for my FREE monthly newsletter!
We all know that developing an effective marketing strategy is essential to getting any business off the ground, especially as we roll into a new year. Educating yourself and discovering how to locate and motivate potential sellers to contact you is a must in making your real estate business a success. You must be able to locate prospects who want to do business with you. You must find the sellers who need to sell, not just want to sell their properties. This is essential to your success as a real estate investor. This will be an important step to growing your real estate investing business. And coming into the new year we want to find as many motivated sellers as we can.
Marketing is also a numbers’ game, the more leads that come in, the more opportunities you will have to make deals. You won’t buy every deal that comes your way, but when you develop a “marketing machine” that brings in quality leads, you will be able to pick and choose the deals you want to do. You will quickly learn to recognize quality prospects. You cannot afford to waste your money-making time on unqualified leads!
You must also be able to recognize the difference between using a shotgun approach and using a targeted approach when marketing to motivated sellers; otherwise you will waste marketing dollars. Using a shotgun approach such as signage, business cards or generic letters will bring in a lot of leads, but very few of them will be qualified motivated sellers.
Using a highly targeted approach to locate motivated sellers will bring in fewer leads, but they will be much more highly qualified leads and bring you a much higher number of profitable deals. One is not necessarily better than the other; you need to integrate both types of marketing in your business in order to bring you the highest number of deals.
The best way to do this is to develop between three and five different marketing techniques that work the best for you in your area, and then integrate both the shotgun approach and targeted marketing into your business plan. You will want to be consistent in your marketing. Remember, you want to reach your market place in as many ways as your budget will allow, since not every motivated seller will see every type of marketing you do. For example, an out of state owner won’t see your ad, your signage or your business card. You will need to send this person a letter using a quality direct mail campaign designed to bring in highly qualified sellers, and one with a response mechanism built in so the deal is prescreened for you when you get the response from the seller.
For all the information you need to find even more motivated sellers in 2019 check out my website at www.marketingmagiclady.com. While you are there be sure and sign up for my FREE monthly newsletter!!
If you are going to be anywhere in the Ohio area on November 1-4 you need to make sure you get to OREIA. This is going to be an amazing event with tons of great speakers. I have spoken at this event over the years but this is the first time I am teaching a full day on Thursday. You are going to learn how to fill your pipeline with more sellers and more deals than you ever thought possible. I am also going to be teaching negotiation strategies, how to automate your systems, how to work together with your spouse or partner , finding more prvate lending and lots more. We are going to build a plan for you that is going to create deal after deal. BE THERE!! There is a wonderful banquet and lots of awesome activities and vendors.
Check it out and get registered NOW!!! Hold your spot to come and see me on Thursday I’m thinking it’s going to be a full house since I have never done a one day in Ohio before!! I am also speaking on Saturday morning so if you miss Thursday you have another opportunity to see me speak about building your business!!!www.oreiaconvention.com I just got done picking out all of my outfits for the event 🙂
We had an awesome open house today on another house we have on the market for sale. The snowbirds are coming back and this house would be perfect. It’s close to downtown, has 2 bedrooms, a super sweet floorplan, large lot, fenced and everything is perfect. I expect an offer on this one this week for sure. Pay attention to your demographic and plan your deals accordingly. You will make a lot more money in your real estate investing business by paying attention to this one detail.
For all the information you need to find all the deals you need for your real estate investing business check out my website at www.marketingmagiclady.com. While you are there be sure and sign up for my FREE monthly newsletter!!