Flip Tip Summary
You don’t have a business if you don’t have leads to make offers on. Josh Cantwell explains the power and value of having people that are constantly looking for and finding deals on your behalf, only on FlipNerd.com!
Flip Tip Transcript:
Mike: Hey, it is Mike Hambright from flipnerd.com. I have a quick VIP tip to share with you from Josh Cantwell, who is going to talk about the value of an acquisitions partner in your business.
Josh: I saw an explosion in my real estate business when I had somebody full time, all the time, just looking for deals. There is a real value when somebody is a new investor to move to the intermediate level, or an intermediate investor to move to an advanced level, and that is the partnership with an acquisitions manager, or even bringing out a full time employee who does nothing but acquisitions.
In real estate, it is like if you owned a FedEx business or a FedEx truck, if you do not have packages to deliver, you do not have a business. If you are Apple computer and you do not have iPhones and iPads to sell, you do not have a business. In real estate, if you do not have houses to look at and buy, you do not have a business. We brought on full time acquisitions managers for a long time. We pay them a little bit of a base salary or a draw against commission.
You want to make sure that they are a full time real estate professional, make sure that they have a real estate license, and you just want to have somebody out there all the time, full time, stirring the pot, looking for deals, causing chaos, just getting out there doing it – networking with wholesalers, talking to real estate agents, doing direct mail to motivated sellers, calling all the bandit signs, tracking down vacant properties. There is so much that can be done there, in the sifting and sorting through 20, 30, 40 deals a month to really buy 1 or 2 or 3 or 4. I would say for anybody who is looking to get to that more advanced level, partnering, interviewing, hiring a full time acquisitions manager would be a huge benefit in their business.
Mike: Thanks for joining us for another flipnerd.com Flip Tip. To access hundreds of tips and full expert interviews, please visit flipnerd.com or join us in the iTunes store.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.
