Home > Accountability > Accountability Monday 01/25/10

Accountability Monday 01/25/10

It’s the time again. I can’t believe it’s been a week since my last post. I have been busy this week. Unfortunately I haven’t been as productive as I would like. First let’s jump into what I completed from last week.

  • Ramp up my Craigslist marketing. I have been meaning to do this since I came back from the REIA meeing, but I have been exhausted the past few days. FAILED! I only posted 2 ads this week. One to attract sellers and another one to attract more buyers.
  • Work on creating a “call flow” script for my “Virtual Assistant”.  I am lucky enough to have a couple of people vested in my business that are more that willing to do whatever it takes to get this rolling, and the best part is they have time to make and take calls. Done (Kinda). I met with my VAs and we hashed out what they should say and how to handle the call. I just need to finalize the script.
  • Begin the development work for my company’s website. Since I have a background in IT I’ll be developing this myself; which is a huge expense saver! Again another failure! I have my domain registered, but I have not began any of the development work worth anything. I now remember how painful developing a website from scratch can be. It’s been a while since I had to create one.
  • Begin developing a shotgun mailing campaign. I’m going to direct mail FSBO, pre-foreclosure,landlords, and section 8s.  This will be sent to the people I’m not able to get a hold off by phone.  And finally another failure. I just dragged my feet on this task.

I have been setting a good goal of sitting down in the evening starting at 9PM or 10PM and attempting to work on things until 12:30AM or 1AM. But I would let myself get distracted with my domain tweaking and testing, attempting to catch up on twitter, and stay up to date on blogs.  (It was more the domain than anything!)  I have taken a step back and I am starting to manage my time better.

This weeks goals are:

  • Continue to maximize Craigslist. I’m going to change my marketing for buyers around to see the results I get. I would have liked to have my website up and running to use as a link instead of Wufoo, but I can’t afford to wait on completing the website. I also plan to start digging through the FSBO and see if I can find or negotiate any deals.
  • Finish up the VA calling script
  • I have a couple of Graphic Design friends, and I’ll see if they would like to design my graphic or the shell of my website. I just can’t spend the time to design it myself.
  • Draft my mailing and research a target demographic to target.

On a different note: I did receive my first potential seller call me Thursday evening. I wasn’t able to take the care, but I called them on Friday after I got home from the 9-5. The seller is an out of state investor that thought the property was closer to University of Akron, but it’s clear on the other side of the freeway. Now I’ll be upfront, I was nervous as hell calling.   First I had to call the guys wife (She left the voice mail), and called the guy after she gave me his cell phone number. The call started out rough, but I managed to get him talking. Soon enough I had the details about the property, the amount he is asking, and I added him as a potential buyer! My only setback was he already listed the property with a Realtor, and I was going to use a flex contract on this deal. I think having a Realtor kills that option, and I don’t feel comfortable enough to use a standard contract on this deal. I would if I knew that area better, and held confidence in my buyers list. (I haven’t done a deal with them, so I don’t place any faith in them closing on a potential deal until they do so. I know it’s kind of a Catch-22)

I think that’ll keep me busy for the week. Hopefully I can get sellers coming my way and close on my first deal.  I had the goal of doing 2 deals this month, and it’s getting to be crunch time. I’m still aiming for that! These next 5 days are going to get crazy, and I’m looking forward to it.

Til Next Time!

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Categories: Accountability
  1. January 25, 2010 at 11:53 pm

    I wish you the best Brian. I have a house I have under contract and I am working diligently to find a buyer. My buyers backed out at the last min. I will get it done. I like your determination. Take Care

    • Brian
      January 26, 2010 at 12:23 pm

      Thanks LeJon. I know you’ll find a buyer. If you need someone to bounce ideas off of just send me a Wave.

  2. January 26, 2010 at 10:11 am

    I like what you’re doing Brian. As someone who works just as hard, I appreciate the opportunity to experience your progress.

    In the initial stages, you’re doing right by not getting bogged down on the website. I made the mistake of taking about 4 months to create my website and generate all of the copy for it. Time much better spent looking for deals. And to top it all off, I don’t like the site, and it needs to be revamped.

    For your offers that are made on properties that are listed, perhaps consider consulting with an attorney to draft an addendum to the standard-contract which gives you the Option to Purchase that you want.

    • Brian
      January 26, 2010 at 12:28 pm

      Justin,

      That’s a good idea. I need to meet up with an attorney to make sure my contracts are solid and might as well through this into the mix too. Thanks!

  3. January 28, 2010 at 11:28 am

    Brian,

    Being a newer investor/wholesaler also, I have finally started to get a pretty good stream of incoming seller phone calls. It gets easier. I don’t really get nervous anymore. Just follow Nick’s advice and control the conversation. If you haven’t read his book subject2 yet, I suggest you do. He gives great advice on handling seller phone calls.

    As for the website, since you’re an IT guy like myself, just dedicate 1 weekend to getting the whole site done. You can do it. I used the Thesis Word Press theme for mine, mainly for the already great SEO it has built in.

    As for the graphics, just plug in generic graphics on the site until you get the ones you want to stick with hatched out.

    • Brian
      January 28, 2010 at 9:32 pm

      Chris,

      Thanks for visiting my blog. I agree you make valid points. I think I a decent job controlling the conversation. I do have Nick’s book and his advice on handling sellers is spot on.

      I could probably knock out my website this weekend if I put enough enough into it. (Which is true to anything in life)

      Thanks again for stopping by!

  1. January 25, 2010 at 11:54 pm
  2. January 26, 2010 at 9:37 am

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