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.
Social Media for Real Estate: YouTube Best Practices and the Google Local Contributor Strategy
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.
How To Access Equity in Mom’s House | Handling Objections from Multiple Heirs | Live Probate Training
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.
How Do You Get Consistent Leads? + ‘My new ISA got 2 appointments with this script!’
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.
LIVE ROLE PLAY: FORECLOSURE SCRIPTS | PLUS Using Creative Finance When Sellers Want the ZILLOW PRICE
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.
Using Facebook Ads To Boost Your Marketing; Best Practice Tips For Door-Knocking; and How to Choose and Optimize Your Real Estate CRM
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.
A SCRIPT For Every Foreclosure Lead; PLUS How to Maximize Cash Flow, Equity For Any Investment Property
Chad and the Masterminds brainstorm tips, strategies, and tools for working less, earning more, and doing good. David Pannell describes a multi-property deal landed from a lead that ignored him for over a year and shares his recommendations for probate leads. Gary Nash shares advice on how to build a cash buyers list with investors that know what they’re doing, and how to creatively maximize the cash-flow of any investment property. Rosie and Chad mastermind strategies for subdividing lots and creating AirBNB-style rentals for dry camping use; Chad, Balcom, Rosie, and David talk training virtual assistants and scripts for foreclosure leads.
Not going to lie, these calls are hard to summarize in a paragraph – So you might as well just dive in!
Probate Mastery’s top performers are challenged to build a partnership with a mortgage refinance partner: You send them foreclosure leads that need to refinance; they send you everyone else they can’t refinance. Tune in to learn more on how to approach any foreclosure conversation.
How To Invest With No Cash: Sub-To, BRRRR, Private Money, and Community Banks
Chad and the Masterminds brainstorm tips, strategies, and tools for success. Ronald shares an update on a video testimonial he captured with a client an attorney referred him; he describes how he got the deal and how he approached Carol with the request for her feedback. Major TakeAway? People are MUCH more used to being on video (Zoom) in the Work-From-Home era than they used to be! Donna shares an update on her business structuring venture, as Chad and the Masterminds walk her through ways she can start investing without cash of her own using creative finance and loans from small banks. Lastly, what can you do to purchase a house from an estate with little equity, that will satisfy other interested heirs, and how can you find the right lender for the deal?
Video Marketing Success Strategies: How to Get Maximum Mileage Out Of A Single Testimonial
Chad and the Masterminds brainstorm tips, strategies, and tools to get maximum mileage out of client testimonials. Next, Chad, John, and Donna strategize business structuring for her partnership with 2 other colleagues, with Donna aiming to accumulate 10 of her own properties for long-term buy-and-hold for retirement income. Probate Mastery’s rookies and veterans are challenged to take their marketing to the next level and capture a hero story from a past client, probate or not.
6 Strategies to Make Money in Real Estate Without Cold Calling
Chad and the Masterminds brainstorm tips, strategies, and tools to deal with call reluctance, and even fill the pipeline without doing any cold-calling at all. Weighted discussion is given to door-knocking might vary between general circle-farming, probate, and pre-probate leads. Probate Mastery’s top performers are challenged to take their USP to another level by coming up with their Red Thread in this episode.