Memorial Day Weekend
I was able to get a lot done over this three-day weekend. I’ve sent out so many emails, people are starting to reply to them and I have already forgotten what message they are replying to. The bulk of my emails where sent to: REO Agents, Property Appraisers, REIA club presidents. I mastered the art of mail-merge using Microsoft Word and Microsoft Outlook, it’s a beautiful thing. This allowed me to send hundreds of emails within a matter of clicks.
I emailed a list of REO agents in Champaign in effort to touch-base so that a relationship could be established. I need to be on good terms with all of the REO agents here in Champaign. I emailed a list of Real Estate Property Appraisers in effort to select a couple to use exclusively. Also, by having a couple of appraisers as part of my network, the trading of referrals would prove to be invaluable. I emailed a list of REIA club presidents to inquire about their ‘deal’ sharing opportunities. REIA (Real Estate Investment Association) clubs with public deal boards would be a great platform for me to do business nationwide and build a nationwide buyer’s list. My most valuable response thus far was from a local property appraiser. He replied to one of my emails and we spoke on the phone earlier today. He happens to also be an investor has 19 rental properties in Champaign that he is looking to sell. I explained to him that I would be interested in marketing his properties for him and just taking a flat fee upon closing per property. He was very receptive to this proposition. This is good news because my business is in desperate need of working capital at the moment. If I were to only sell 10 of his properties and take a finders’ fee of $500 each, that would be $5,000 more dollars that I can allocate to the marketing budget.
Things are starting to pick-up momentum. It won’t be long before I’m posting video of me making a difficult decision at the car dealership…hmmm…Range Rover Sport…or….Mercedes SL 63 AMG…I’ll take both please (and yes I do have the specific models/colors picked out already). By the way, just as I have with my business, I have ramped-up my fitness regimen. I have been consistent in the gym for a while, but now that it is warm out I’ve been running more often. I’ll be posting my Nike+Ipod upload information. If you don’t have one of these running pedometers you are truly missing out. Maybe I’ll run a half-marathon in the fall, just cuz.
- Justin
