Small Town Profits Module 6

Sell Fast, Funding, Closings, Virtual Assistants, Goals & Motivation

Sell Fast

Small Town Profits Audio: Sell Fast

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Notes:

#1 Way to Market in Small Towns – BANDIT SIGNS – BanditSigns.com
#2 Facebook Groups
Ways To Market The Property
   -Foreclosure Signs
   -Seller Financing Signs
   -Flyers To REIA Group
   -Flyers To Meetup Group
   -Email Your Buyers List
   -Text Your Buyers List
   -Voice Blast Your Buyers List
   -Craigslist Ad
   -PPC Ads
   -FB Ads
   -Post It On Your Website
   -Post On FB Page
   -Post On FB Groups
   -Post On FB Marketplace
   -Post On Linkedin Page
   -Post On Linkedin Groups
   -Post On Zillow
   -Post On Realtor
   -Direct Mail N/O/O Nearby
   -Local Printed Newspaper (Google <name of your state> press association)
   -Email Your Realtor Database
   -Text & Voice Blast Your Realtors

Funding & Closing

Small Town Profits Audio: Funding & Closing

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Notes:

No Funding Needed
   -Assignments
   -Options
   -Flex Options
   -Assignment of Beneficial Interest Using a Trust
   -Create a Corporation or LLC and Sell Shares
   -Simultaneous Closing
   -All Real Estate Solutions Title Company
   -Always Get Insurance If You Own It Overnight
You MUST Have Money To Do Non-Assignable Deals but It Doesn’t Have To Be YOUR Money
Where To Find Private Money
   -Local REIA
   -Note Buyers
   -Turn Key Buyers
   -Friends
   -Relatives
   -Current Private Lenders
Private Money Models
   -Transactional Funding 24 Hour
   -Short Term Wholesale Funding 1-3 Months
   -Fix & Flip: 3 – 12 Months
   -Long Term Hold
Transactional Funding
   -24 Hour Funding
   -Used For Same Day Closing
   -Typically 1-3% of Loan Amount
Wholesale Funding
   -Used To Fund A Wholesale – Deal Not Yet Sold
   -Typically 1 – 3 Month Term
   -Expect To Pay 8 – 12% Yield
   -12% Is 1% Per Month Which Is Typical. EX: $30,000 Loan. Would Cost $300 Per Month
Fix & Flip Funding
   -Purchase & Rehab A Property
   -Usually Last 3 – 12 Months
   -Funds The Purchase & Rehab
   -Get Draws As The Work Is Done
   -Expect To Pay 8 – 15 %
   -Offer Equity Participation
Long Term Hold Funding
   -Used For Rentals, Lease Options & Seller Financing
   -Could Be Interest Only Payments Or Amortized
   -Could Offer Equity Participation Up To x % Return
SMALL TOWN CLOSINGS
Close And Get Paid
   -Send Contract/Assignment To Attorney/Title Company
   -Clear Title & Schedule Closing
   -Give Closing attorney/title co. Limited POA To Sign For You
   -Handle Problems And Close
When to Assign Or Double close
   -What is assignment & double close?
   -When to use contract or assignment?
   -How quick they must close in person ?

Virtual Assistants

Small Town Profits Audio: Virtual Assistants

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Notes:

Hire a Virtual Assistant For Virtually Nothing To Do All The Work For You!
Sometimes Your Best or First Automation Is A Good VA…
Va’s Should Help You With These 3 Things
   1. Making sure marketing is going out
   2. Updating marketing scorecard
   3. Updating CRM
Virtual Assistants Can Also….
   -Take/make calls
   -Make offers
   -Design flyers
   -Build buyers list
   -Post FREE ads
   -Answer ads
   -Search/analyze deals
REI Virtual Assistant Websites
   –Upwork.com
   –Fiverr.com 
   –VA4REI.com
   –Revas.us

Goals & Motivation

Small Town Profits Audio: Goals & Motivation

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Notes:

Score Card – The Most Important Part!
Set Goals And Stay Motivated
   -Set Specific Times To Work REI
   -Get Around Like Minded People
   -Stay Away From Naysayers
   -Share Give Up Goals Only With Friends
   -Share “Go Up” Goals With Like Minded People
   -Hang Around With People Smarter Than You
   -Create Weekly Activity Goals
   -Check In With Your Coach
   -Get Around Like Minded People
   -Stay In Touch With Your Mentors
This is why we made this a 6-week program to get you in the habit of following success principles every week for 6 weeks.
Don’t forget to go to Larry’s next three day event. Contact Larry’s office Customerservice@larrygoins.com