Given
the choice, we'd all use other people's money [OPM]
to invest or do No Deposit Down Deals and generate income
Now as well as building assets for the future. But the
reality in property used to be that you'd only really
make decent income if you bought & waited for capital
appreciation.
This
is no longer the case: the new investing landscape creates
more opportunity than simply buying and holding. Those
who are savvy are generating far more leads [online
and offline] and there are many ways to monetise them,
especially in the recent economic crisis.
Packaging
deals and leads, creative finance tools and option strategies
are some of the strategies that could significantly
cashflow your property business without ever having
to take out a mortgage. Of course, if you can and are
able to get a 30% + Under Market Value [UMV] property
then you will be increasing your long term wealth by
building a bigger assert base.
Never
before have I seen so many different ways to monetise
Property investing. Never before have we generated so
many leads [uQL, QL, MS, LO & TB] though so many
different marketing & lead generation strategies
In
2006-2008 over 85% of our deals were through Estate
Agents. Still a great way to source, still our highest
volume lead generation strategy, but things have changed
& in 2010 leads & deals [uQL, QL, MS, LO &
TB] have come through [some] previously unproven platforms:
facebook & twitter, forums, newspaper adverts, newspaper
ageing, WOM, our own agents boards, SEO & online
lead gen, leaflets, postcards, online video, YouTube,
and some I've probably forgotten as we use 33 strategies
in all.
Earning
£3k -£ 9k+ per Month without a Mortgage
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There
are a few ways that you can earn and this is in relation
to Finders Fees. Although terminology varies the few
ways you can do this is:
- 1]
Ready Made Deals [RMD] - The deal has been
negotiated and agreed with the vendor and a signed
Purchase Option agreement or assignable contract is
in place. These deals will usually be packaged and
can also be low or no money down [NMD] with all the
costs including the Bridging loan. Cash back is sometimes
available depending on the level of discount obtained.
Fee: £3-7k per deal.
- 2]
Qualified Leads [QL] - The vendor has telephoned
and the lead has been qualified. [agreed that in principle
they may take 25-30% UMV offer]. The more concrete
the agreement of discount, the more you can charge.
The lead may not have sufficient equity on the deal
to be included in the above category, and may have
the deal on with an estate agent. The lead will be
confirmed by telephone that they are interested in
an Under Market Value offer price and open to further
negotiation. It will be up to the investor who you
sell this lead on to, to use their skills to convert
this deal by whatever legal means they deem reasonable.
Fee: £75 -£250.
- 3]
Unqualified Leads [uQL] - The vendor may
not have been contacted at all. These are usually
leads who have simply filled in a form on a website,
called an automated phone number or rejected a significant
discount. This can be a really passive way of selling
the leads without much work. Fee: £50 +
- 4]
Rent to Own [R2O] - Find unqualified leads
from estate agents and sell your Lease Option deal
to a tenant buyer/FTB [First Time buyer]. You will
need to phrase the concept of this in way that they
will understand: Don't use terms such as Lease Option
& Tenant Buyer. Keep it simple and sell the benefits
- "How would you like to own your own home with
a minimal deposit?" You can charge a 3% deposit
upfront: Fee 3-5k.
- 5]
Flip for Commission [FFC] - You've found
a deal which is out of your area [patch] or not in
your investment criteria [decent discount but no cashflow]
and so you don't want to keep it. You can find a joint
venture partner [JV] who can get mortgage [MH] or
pay cash for the deal, wait 6 months, sell it and
split the profits or share the equity and cashflow
by holding it.
There are many other ways such as using an Assisted
Sale [AS], Shared Ownership [SO], Portfolio Building
[PB] MH/DoT, B2S/& many more that will be shared
on in our next events on Sat 10th July 2010: "9K
in 90 Days: The 7 Way Property Cashflow Blueprint Beginners
Event of 2010"
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NOW
Other lead generation strategies that will be revealed
on the day will include: Biz Directories, Aggregators,
Google Local, Adwords Bing & PPC, Facebook Ads,
WOM/Referrals, Med Cards, Affiliates and many more.
It
is imperative for your business that you have multiple
lead generating systems in place. Did you know that
it takes 35 leads to do at least one deal making you
over £20,000? How many systems do you have in
place?
If
you really want to accelerate your cashflow and adopt
the new never revealed before 2010 strategies the only
and last time we are planning to do this is in July
: We only have limited number of seats still available.
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