{"id":820,"date":"2008-04-10T14:20:56","date_gmt":"2008-04-10T19:20:56","guid":{"rendered":"http:\/\/www.DuncanWierman.com\/content\/day-7\/"},"modified":"2016-12-22T14:54:05","modified_gmt":"2016-12-22T19:54:05","slug":"day-7-voice-blasting","status":"publish","type":"post","link":"https:\/\/www.duncanwierman.com\/content\/day-7-voice-blasting\/","title":{"rendered":"Voice Blasting Your Way To Wealth"},"content":{"rendered":"

This is a must do lead generation method to do deals in today’s market at lightning speed. \u00a0<\/span>I want to share with you one<\/span> my favorite fast cash strategies. This technique will put money in your pocket within 30 days and bring you massive amounts of cash flow.<\/span><\/p>\n

Let’s take a look at the concept first before I tell you how to do it on autopilot.<\/span><\/p>\n

<\/p>\n

The managers<\/span><\/strong><\/p>\n

Now, I am not going to suggest that you go out there and be a property manager so you can get a few bucks a month. That\u2019s not what I\u2019m about. \u00a0I\u2019m an investor and I like the equity side of this business I like equity. I like cash flow, I also like down payments from tenant buyers but I don\u2019t really like vacancy cost.<\/span><\/p>\n

I don\u2019t like maintenance cost and I certainly don\u2019t like risk. So I basically put together a completely new way of doing things to eliminate all my risks, and vacancy expenses. With this method of investing, I\u2019m skyrocketing my monthly cash flow from fewer houses.<\/span><\/p>\n

I am finding that I am making more cash flow on fewer deals and I\u2019m protecting the backend equity or a profit spread between my buy price and my sell price. <\/span><\/p>\n

How am I doing it? <\/span><\/p>\n

First things first, the marketing is still the same to find motivated sellers<\/em>. I\u2019m usually looking for killer subject to deals gorgeous in medium priced house areas. However, there really is no limit on the low side and the high side in values. <\/span><\/p>\n

I prefer the nicer house, nicer areas typically in higher values are always going be provide a higher profit spread. The houses which are nicer sell themselves to a better quality tenant. Nicer houses mean are generally a hassle-free option.<\/span><\/p>\n

I use a performance based lease purchase, also called <\/span><\/strong>a NONEXCLUSIVE OPTION agreement. <\/span><\/p>\n

Click here to download<\/span><\/a><\/p>\n

Here are the contract terms I tell them, simply add them into your contract accordingly:<\/span><\/p>\n

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  1. \n

    If the house is vacant, the owner covers payments in utility expenses while the manager finds a suitable tenant.<\/span><\/p>\n<\/li>\n

  2. \n

    If the rents don\u2019t cover debt service, who eats the negative cash flow? The owner.<\/span><\/p>\n<\/li>\n

  3. \n

    My offer to them is very much the same as a property manager would offer since the owner is still the one taking the risk. It is standard for property managers to keep 10% of the collected rents as their fee. <\/span><\/p>\n<\/li>\n<\/ol>\n

    So why in the world would they consider a real estate investor especially since I am still going negotiate a better deal??<\/span><\/p>\n

    If it\u2019s not rented or if it is rented I have to spend some money on the property, I\u2019m going to keep 10% additional equity when I sell it.<\/span><\/p>\n

    We will start with the how we justify a below market price for our buy price. Usually, I\u2019m knocking my price down 12-15%. That is far from the home run but it is still a good chunk of equity. In my market where the houses are $200,000 dollar selling price, that\u2019s a little over $30,000 at 15% spread. Averaging the retail comparable to backend out normal buy-sell expenses in this market is pretty easy to knock that that amount right out of the top. You don\u2019t have to beat them up on the price<\/span><\/p>\n

    CLICK HERE FOR THE COST TO SELL CALCULATOR <\/a><\/span><\/p>\n

    Next, you have to average out the rents for the area. Start by averaging the rents in the in the middle of the range instead of the high end, so you can create a bigger spread. Take 10% while I negotiate a hard number. <\/span><\/p>\n

    Now what I actually collect is something totally different. I am going to marketing this property by creating a rental spread. <\/span><\/p>\n

    Remember:<\/span><\/p>\n