Just REMOVED over 500 buyers from my LIST!!

I have to say you are one very successful business man. I am blown away. Maybe it really is a man's world although I really don't want to believe that. But I am beginning to think that I just don't have it in me and that is a crying shame. I am happy for you and your success. Good job Michael. Keep up the good work.

Hi Big Mike
Glad to see you are working it hard.

You can do this! Women do better than men in REI world I think. Look at all the female RE agents. A lot more women than men. I know of several very successful lady rehabbers that run the whole project. Keep at it, it is not as easy as some will have you believe but you can do it. Look at all you have learned over the past couple of years!

Michael

glad to see you guys crushing it.
keep moving forward, rob

Thank you for the vote of confidence. I do appreciate it. Right now I am working on my mindset and I know I am at a crossroads and I know that there are a lot of successful women in this business. Honestly I know that I have some things to overcome to make this happen for me. I find myself saying "Why Lord? Why can I not just do this?" HE is with me and I trust in that. Still I thank you for your kindness Michael. It means a lot.

"Separating the wheat from the chaff" should be painless. Keep up the great work, man. All the best...

The more you actually DO in this business the more REAL people you meet. Buyers are essential to this business BUT if you can't provide the deals you only have 1/2 the equation. Unfortunately it is the easy half!
The sooner you put your offer machine together the sooner you make money. Thats just how it is. Buyers FLOCK to a good DEAL!!

Michael

I agree that I am always tweaking what I do. I am trying to make it more efficient and hopefully get that first deal soon!

Remember, no offers = no money! You can have 10 gazillion buyers but if you can't provide what they want you can't make money.

BUSINESS 101. Know what your product will be, what the demand is(know the market in ADVANCE) how to find it/supply it and what your cost of doing business will be and how you will make money providing it.
This is your business plan.
GET YOUR INVENTORY AND/OR PRODUCT YOU WILL SELL and then market for clients. Start your REAL business. NOT THE OTHER WAY AROUND. REI is no different that any other business.
Imagine starting a car dealership with no cars to sell.
A restaurant with no food.
A mortgage brokerage with no product to sell.
A nail salon with no nail technicians or nails.
A gas station with no fuel available.
A pet store with no pets.

What are you going to do? Have your customers come in and tell you what cars, food, mortgages, nails, fuel or pets they want and then go out and stock up on those items? How long would you stay in business and how many of those customers would come back to your store?

ALWAYS build your buyers list, don't get me wrong. I just think you have to know what you are doing first in order to get REAL buyers.

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Bump

When I grow up, I want to be just like you! How long did it take you to get where you are today?

We have been working full time for a little over 3 years now. Done over 100 deals now.

Thanks!
Michael

Michael,

A chunk of my buyers list isn't much more than a name and e-mail/phone number. A lot of times when I try to ask for more information over e-mail they usually don't respond back or are very vague in what they tell me about what they are looking for. Is this what you originally ran into when you were getting started? Any guidance or advice would be appreciated.

Thanks

Nick

I never really knew what a buyer was capable of doing until I had properties to offer them. I had pre qualified buyers that had POF and said they wanted all the properties I could supply but balked when I provided my contract with a non refundable earnest money . THEN I had a TRULY unqualified buyer! A lot of talk and no action. Most buyers you get on your list will be non performers despite what they tell you. The only way to KNOW is to try and do business with them.
I just added everyone I could to my list and then qualified them with a property that I knew was a good deal.

Michael