Chad kicks off the call with a breakdown of the methodology behind his Probate Mastery training system and why he appreciates the community that’s grown from it so much. Nina underscores how the probate mastery approach is unique compared to other probate courses and real estate training in general and can be applied to any real estate relationship. Nina and Chad brainstorm how to make more money and build better relationships in real estate, including ways to use creative finance and private money to keep heirs in an inherited property when they don’t qualify for traditional financing. Rich reviews Probate Mastery and the free probate training content available through YouTube and the Estate Professionals Mastermind Podcast. Federico shares an update on his progress building a probate business; and Nina, Gary Nash, and Chad Corbett share their insights on hiring and scaling VAs. Chad Corbett also shares his recommendation for the best company for real estate virtual assistants, MyOutDesk.
Chad kicks off the call by sharing his Back-Of-The-Napkin formula for calculating max allowable offers (MAO) and presenting those offers for wholesale and investment. The masterminds then brainstorm tips for leveraging vendor partnerships to help pay for upfront costs either through invoicing, liens, or simple interest on owed balances. Chad and John discuss tips for nurturing B2B relationships and which vendor partners are the best to pursue. Chad, Rodger, and Alex brainstorm ways to help move two trustee listings forward to sale as the siblings continue to infight and procrastinate, getting in the way of necessary cleanup for staging and showing.
Katt kicks off the call by sharing the story of Cedar Hollow Woodworking, a business run by one guy who very subtly established his brand as a community centerpiece. Katt and Steve discuss where to find good ISAs and how to structure a work-life balance that will increase their tenure and excitement about your company. Jonathan, Katt, Dan, Jen, and Michele break apart YouTube marketing and why even unpolished content can be incredibly powerful in launching both your channel in general and your brand in local search results. Katt and Jen tease a 16 Probate FAQs Challenge they will roll out for the next Mastermind call with Chad’s return. The Masterminds discuss the importance of just letting the camera roll, no excuses and no stopping, and taking solace in the fact you can trim down your content after the fact.
Josh and Chad brainstorm a video marketing strategy to use in paid Facebook ads with the purpose of driving membership to a Facebook community. Chad describes what landing pages and call to action has worked best for him in conjunction with Facebook ads. Corey shares updates on the probate closings he has in his pipeline. Alex, Chad, and John Fraker discuss ways to access equity in Mom’s house and the pros and cons of refinancing, HELOCs, reverse mortgages, and living trusts. John discusses his experience using TROs and injunctions to stop probate properties from going into foreclosure temporarily. Chad discusses tips for finding private lenders through probate and inheritance leads, and how to interview both community banks and small banks that hold portfolio loans to find the right lender for investments. Ronald asks about options for a surviving spouse when there is a reverse mortgage on the shared residence; Josh asks for advice handling objections from multiple heirs about how and when to sell the inherited property.
Probate real estate leads are a great alternative to expensive online lead generation methods and traditional niche leads like expireds and FSBOs, and we’ve got a list of some of the best probate lead companies for you!
Let’s take a look at some basic ways to find probate leads online and what different features and tools the best probate lead companies offer.
Balcom shares his script adjustment for virtual assistants, which has already resulted in 2 appointments set by his brand new hire! Dan and Chad do some deal analysis on a property with a ton of liens and a ton of problems. Bill Gross shares his insight on going from zero production to semi-retired, and the marketing channels that give him the best business. The masterminds share strategies and motivational tips for getting consistent with lead generation, including tips for building reciprocal referral partnerships and getting yourself set up for on-the-go video recording.
Balcom and Chad roleplay through a cold-call to a foreclosure/NOD lead; James, Balcom, and Chad do some transaction engineering in anticipation of a seller appointment where the Zillow Price will be the biggest objection; Eddie and Chad discuss best practice tips for inbound content marketing, merging mail marketing with digital marketing efforts, and the intersection between consistency and accountability.
THIS WEEK’S CHALLENGE: Probate Mastery’s top performers are challenged to create a list of “10 Probate FAQs’ ‘ comprising the common questions and challenges people in probate have, and use this list as the basis for inbound marketing content.
Chad and the Masterminds brainstorm tips, strategies, and tools for working less, earning more, and doing good. Corey shares his success story – he’s taking FIVE listings this week! Federico and the masterminds brainstorm ways for him to get organized, scale his business, and reclaim his time as his cash-flow has stabilized. Gary Nash, David Pannell, and Chad talk CRMs and why some features work for others. Other topics discussed include using facebook ads to give organic content marketing a boost, pitching financial planning services as a value offer to probate prospects, and networking with high-net-worth individuals.
THIS WEEK’S CHALLENGE: Probate Mastery’s top performers are challenged to get started with a CRM or reorganize and revisit the CRM they currently have. Federico sets a 30-day goal; can you match it? Tune in to learn more about the systems and strategies that are working for the masterminds, and take the challenge yourself.