WTF is wrong with investors these days?
Engelo RumoraBusiness Member
Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votesWTF is wrong with investors these days?
Most Popular Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votesEngelo Good Morning !
I would like to take a stab at this.
I suspect a lot of these folks reaching out to you read BP forums.
And such they like the thought of infinite returns and are OK with max leverage etc.
So keep in mind BP folks are reading the BRRR books and building their Core 4 which has been coined by the folks who man the podcast and wrote a book on remote BRRR ( one of the absolute Riskiest endeavors one can take in real estate by the way).
So to that extent they are reaching out to you to build the Core 4 you just happen to have all 4 of the Core under one roof.
This IMHO is why your getting calls like this. Or e mail requests like this.
Your thoughts ?
261 Replies
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Engelo Rumora:
Quote from @Dave Hagen:
The best client is an educated client. There are many that will take advice and turn around and find a cheaper alternative, but that's part of business. And then they come back when the cheaper alternative ends up costing them in ways they didn't see. People new to REI are still working out their path. The successful ones learn and adjust.
If you don't see any value in helping, you could be closing off a connection that may be useful in the future. If you have a team, then picking someone to work on networking may pay back in the future. Educating someone on how you do things can help align them with your segment of the market. Or teach them that you aren't in the same ballpark and they will find a better product somewhere else. And if someone can't be bothered to help me out, or seems to be in a hurry to finish up, that appears to me like they think I am wasting their time. That they can't be bothered, unless they're making money. But if you can't turn a "browser" into a "customer", then maybe your sales skills need a little help.
Having been in multiple careers already, I have learned that even people new to the trade can have interesting slants on an old idea. So the idea that a relationship with someone new can't possibly be beneficial outside of you selling them your product "right now" seems a little short sighted. Just remember that the internet is forever, and what you post will indicate to possible future connections where you stand. Some people appreciate direct and to the point. Others like to know they aren't just another number. Adjusting how you interact with each connection is just part of being successful. You don't need to go into talking about spouses and kids, but getting to know a little about what they need, and helping get rid of bad information can go a long way to solidifying a relationship. And in REI, they aren't just buying a house they might live in for 20 years and not need another transaction until then. These are contacts that need ongoing deals.
Just as in family, you find people you want to avoid. My point is... Just don't make that decision based on the first thing you hear from them. Work on it. Some are beyond help. Others just don't know any better. Yet. And as they say... If you aren't part of the solution... You're part of the problem.
Unfortunately we turn down many investors that come to us for various reasons.
One of the big reasons is that if someone doesn't know what they want, I'm not the one to tell them what they should want.
If I used such conversion tactics (Which I could easily do), would smell disaster long term IMO just like it did for many other overnight turnkey scammers promising 15%+ cap rates.
It's not all about money/profit for us and it's also not all about baby-sitting incompetence either.
We have enough "free" online marketing content where a half sophisticated investor can easily come to a conclusion about all of our offerings.
Many try to side step the obvious and want more for themselves.
Building a relationship in business but in life also shouldn't be about "take, take, take" or "me, me, me".
It should be "give and receive"
I bet that many folks can provide or offer some value in return from experience they gained from a W2 or in another way.
Guess how many have offered something of value over my last 12 years of investing?
ZERO
I wonder why car dealers wont let you leave or call you a be back.. because no one comes back. same in RE or this type of RE sales were there are 50 markets to choose from and 100 folks to talk to . And there is only so much time in a day.. your not going to call an Attorney and pick their brain without paying .. Every person in sales has a different technique.. but at the end of the day the goal for all in sales is to what ??? Close the sale and ask for the order. Those that spend hours and hours with a client only to have them say thats all great but not for me are those that are going to go broke. While I agree to a point with Daves thought process and it can work in more of a retail setting . However after 50 years in RE I can tell you anyone who would take their time to engage and try to educate everyone who contacts them is going to fail.. They will miss the real buyer wasting time with the time waster.. its just a fact .
A good or accomplished RE agent / Broker sales person in turn key what ever needs to be able to present his/her product in 15 to 30 minutes qualify the buyer as the next step then CLOSE.
Now I have seen others in OOS investing sales put together very detailed FAQs and i suggest anyone selling to an out of state person have those either to e mail to the buyer or on your website.. this will cut down on hours of needless what about this what about that. As Sales people we only have time to sell.. Even my Architect hit me with that one last week :)
Lastly that is what paid training is for. Pay for your training and learn the things you want to learn dont expect Others to take hours training you without knowing they have a committed client. - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Dave Hagen:
The best client is an educated client. There are many that will take advice and turn around and find a cheaper alternative, but that's part of business. And then they come back when the cheaper alternative ends up costing them in ways they didn't see. People new to REI are still working out their path. The successful ones learn and adjust.
If you don't see any value in helping, you could be closing off a connection that may be useful in the future. If you have a team, then picking someone to work on networking may pay back in the future. Educating someone on how you do things can help align them with your segment of the market. Or teach them that you aren't in the same ballpark and they will find a better product somewhere else. And if someone can't be bothered to help me out, or seems to be in a hurry to finish up, that appears to me like they think I am wasting their time. That they can't be bothered, unless they're making money. But if you can't turn a "browser" into a "customer", then maybe your sales skills need a little help.
Having been in multiple careers already, I have learned that even people new to the trade can have interesting slants on an old idea. So the idea that a relationship with someone new can't possibly be beneficial outside of you selling them your product "right now" seems a little short sighted. Just remember that the internet is forever, and what you post will indicate to possible future connections where you stand. Some people appreciate direct and to the point. Others like to know they aren't just another number. Adjusting how you interact with each connection is just part of being successful. You don't need to go into talking about spouses and kids, but getting to know a little about what they need, and helping get rid of bad information can go a long way to solidifying a relationship. And in REI, they aren't just buying a house they might live in for 20 years and not need another transaction until then. These are contacts that need ongoing deals.
Just as in family, you find people you want to avoid. My point is... Just don't make that decision based on the first thing you hear from them. Work on it. Some are beyond help. Others just don't know any better. Yet. And as they say... If you aren't part of the solution... You're part of the problem.
Unfortunately we turn down many investors that come to us for various reasons.
One of the big reasons is that if someone doesn't know what they want, I'm not the one to tell them what they should want.
If I used such conversion tactics (Which I could easily do), would smell disaster long term IMO just like it did for many other overnight turnkey scammers promising 15%+ cap rates.
It's not all about money/profit for us and it's also not all about baby-sitting incompetence either.
We have enough "free" online marketing content where a half sophisticated investor can easily come to a conclusion about all of our offerings.
Many try to side step the obvious and want more for themselves.
Building a relationship in business but in life also shouldn't be about "take, take, take" or "me, me, me".
It should be "give and receive"
I bet that many folks can provide or offer some value in return from experience they gained from a W2 or in another way.
Guess how many have offered something of value over my last 12 years of investing?
ZERO
I wonder why car dealers wont let you leave or call you a be back.. because no one comes back. same in RE or this type of RE sales were there are 50 markets to choose from and 100 folks to talk to . And there is only so much time in a day.. your not going to call an Attorney and pick their brain without paying .. Every person in sales has a different technique.. but at the end of the day the goal for all in sales is to what ??? Close the sale and ask for the order. Those that spend hours and hours with a client only to have them say thats all great but not for me are those that are going to go broke. While I agree to a point with Daves thought process and it can work in more of a retail setting . However after 50 years in RE I can tell you anyone who would take their time to engage and try to educate everyone who contacts them is going to fail.. They will miss the real buyer wasting time with the time waster.. its just a fact .
A good or accomplished RE agent / Broker sales person in turn key what ever needs to be able to present his/her product in 15 to 30 minutes qualify the buyer as the next step then CLOSE.
Now I have seen others in OOS investing sales put together very detailed FAQs and i suggest anyone selling to an out of state person have those either to e mail to the buyer or on your website.. this will cut down on hours of needless what about this what about that. As Sales people we only have time to sell.. Even my Architect hit me with that one last week :)
Lastly that is what paid training is for. Pay for your training and learn the things you want to learn dont expect Others to take hours training you without knowing they have a committed client.Agree. This thought investors have in their head is that Agents / PM's / Sellers will be willing to do all of this free stuff for them in the hopes they grace them with their business down the line is laughable. At my company, our videos and TV shows generate between 1-3 million views a month, this filters down to hundreds of leads every month. Giving away anything for free is ridiculous. Accomplished real estate professionals should be charging for every moment of time they spend assisting a new investor.
- Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Dave Hagen:
The best client is an educated client. There are many that will take advice and turn around and find a cheaper alternative, but that's part of business. And then they come back when the cheaper alternative ends up costing them in ways they didn't see. People new to REI are still working out their path. The successful ones learn and adjust.
If you don't see any value in helping, you could be closing off a connection that may be useful in the future. If you have a team, then picking someone to work on networking may pay back in the future. Educating someone on how you do things can help align them with your segment of the market. Or teach them that you aren't in the same ballpark and they will find a better product somewhere else. And if someone can't be bothered to help me out, or seems to be in a hurry to finish up, that appears to me like they think I am wasting their time. That they can't be bothered, unless they're making money. But if you can't turn a "browser" into a "customer", then maybe your sales skills need a little help.
Having been in multiple careers already, I have learned that even people new to the trade can have interesting slants on an old idea. So the idea that a relationship with someone new can't possibly be beneficial outside of you selling them your product "right now" seems a little short sighted. Just remember that the internet is forever, and what you post will indicate to possible future connections where you stand. Some people appreciate direct and to the point. Others like to know they aren't just another number. Adjusting how you interact with each connection is just part of being successful. You don't need to go into talking about spouses and kids, but getting to know a little about what they need, and helping get rid of bad information can go a long way to solidifying a relationship. And in REI, they aren't just buying a house they might live in for 20 years and not need another transaction until then. These are contacts that need ongoing deals.
Just as in family, you find people you want to avoid. My point is... Just don't make that decision based on the first thing you hear from them. Work on it. Some are beyond help. Others just don't know any better. Yet. And as they say... If you aren't part of the solution... You're part of the problem.
Unfortunately we turn down many investors that come to us for various reasons.
One of the big reasons is that if someone doesn't know what they want, I'm not the one to tell them what they should want.
If I used such conversion tactics (Which I could easily do), would smell disaster long term IMO just like it did for many other overnight turnkey scammers promising 15%+ cap rates.
It's not all about money/profit for us and it's also not all about baby-sitting incompetence either.
We have enough "free" online marketing content where a half sophisticated investor can easily come to a conclusion about all of our offerings.
Many try to side step the obvious and want more for themselves.
Building a relationship in business but in life also shouldn't be about "take, take, take" or "me, me, me".
It should be "give and receive"
I bet that many folks can provide or offer some value in return from experience they gained from a W2 or in another way.
Guess how many have offered something of value over my last 12 years of investing?
ZERO
I wonder why car dealers wont let you leave or call you a be back.. because no one comes back. same in RE or this type of RE sales were there are 50 markets to choose from and 100 folks to talk to . And there is only so much time in a day.. your not going to call an Attorney and pick their brain without paying .. Every person in sales has a different technique.. but at the end of the day the goal for all in sales is to what ??? Close the sale and ask for the order. Those that spend hours and hours with a client only to have them say thats all great but not for me are those that are going to go broke. While I agree to a point with Daves thought process and it can work in more of a retail setting . However after 50 years in RE I can tell you anyone who would take their time to engage and try to educate everyone who contacts them is going to fail.. They will miss the real buyer wasting time with the time waster.. its just a fact .
A good or accomplished RE agent / Broker sales person in turn key what ever needs to be able to present his/her product in 15 to 30 minutes qualify the buyer as the next step then CLOSE.
Now I have seen others in OOS investing sales put together very detailed FAQs and i suggest anyone selling to an out of state person have those either to e mail to the buyer or on your website.. this will cut down on hours of needless what about this what about that. As Sales people we only have time to sell.. Even my Architect hit me with that one last week :)
Lastly that is what paid training is for. Pay for your training and learn the things you want to learn dont expect Others to take hours training you without knowing they have a committed client.
Hat's off mate 🙏👍 - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Dave Hagen:
The best client is an educated client. There are many that will take advice and turn around and find a cheaper alternative, but that's part of business. And then they come back when the cheaper alternative ends up costing them in ways they didn't see. People new to REI are still working out their path. The successful ones learn and adjust.
If you don't see any value in helping, you could be closing off a connection that may be useful in the future. If you have a team, then picking someone to work on networking may pay back in the future. Educating someone on how you do things can help align them with your segment of the market. Or teach them that you aren't in the same ballpark and they will find a better product somewhere else. And if someone can't be bothered to help me out, or seems to be in a hurry to finish up, that appears to me like they think I am wasting their time. That they can't be bothered, unless they're making money. But if you can't turn a "browser" into a "customer", then maybe your sales skills need a little help.
Having been in multiple careers already, I have learned that even people new to the trade can have interesting slants on an old idea. So the idea that a relationship with someone new can't possibly be beneficial outside of you selling them your product "right now" seems a little short sighted. Just remember that the internet is forever, and what you post will indicate to possible future connections where you stand. Some people appreciate direct and to the point. Others like to know they aren't just another number. Adjusting how you interact with each connection is just part of being successful. You don't need to go into talking about spouses and kids, but getting to know a little about what they need, and helping get rid of bad information can go a long way to solidifying a relationship. And in REI, they aren't just buying a house they might live in for 20 years and not need another transaction until then. These are contacts that need ongoing deals.
Just as in family, you find people you want to avoid. My point is... Just don't make that decision based on the first thing you hear from them. Work on it. Some are beyond help. Others just don't know any better. Yet. And as they say... If you aren't part of the solution... You're part of the problem.
Unfortunately we turn down many investors that come to us for various reasons.
One of the big reasons is that if someone doesn't know what they want, I'm not the one to tell them what they should want.
If I used such conversion tactics (Which I could easily do), would smell disaster long term IMO just like it did for many other overnight turnkey scammers promising 15%+ cap rates.
It's not all about money/profit for us and it's also not all about baby-sitting incompetence either.
We have enough "free" online marketing content where a half sophisticated investor can easily come to a conclusion about all of our offerings.
Many try to side step the obvious and want more for themselves.
Building a relationship in business but in life also shouldn't be about "take, take, take" or "me, me, me".
It should be "give and receive"
I bet that many folks can provide or offer some value in return from experience they gained from a W2 or in another way.
Guess how many have offered something of value over my last 12 years of investing?
ZERO
I wonder why car dealers wont let you leave or call you a be back.. because no one comes back. same in RE or this type of RE sales were there are 50 markets to choose from and 100 folks to talk to . And there is only so much time in a day.. your not going to call an Attorney and pick their brain without paying .. Every person in sales has a different technique.. but at the end of the day the goal for all in sales is to what ??? Close the sale and ask for the order. Those that spend hours and hours with a client only to have them say thats all great but not for me are those that are going to go broke. While I agree to a point with Daves thought process and it can work in more of a retail setting . However after 50 years in RE I can tell you anyone who would take their time to engage and try to educate everyone who contacts them is going to fail.. They will miss the real buyer wasting time with the time waster.. its just a fact .
A good or accomplished RE agent / Broker sales person in turn key what ever needs to be able to present his/her product in 15 to 30 minutes qualify the buyer as the next step then CLOSE.
Now I have seen others in OOS investing sales put together very detailed FAQs and i suggest anyone selling to an out of state person have those either to e mail to the buyer or on your website.. this will cut down on hours of needless what about this what about that. As Sales people we only have time to sell.. Even my Architect hit me with that one last week :)
Lastly that is what paid training is for. Pay for your training and learn the things you want to learn dont expect Others to take hours training you without knowing they have a committed client.Agree. This thought investors have in their head is that Agents / PM's / Sellers will be willing to do all of this free stuff for them in the hopes they grace them with their business down the line is laughable. At my company, our videos and TV shows generate between 1-3 million views a month, this filters down to hundreds of leads every month. Giving away anything for free is ridiculous. Accomplished real estate professionals should be charging for every moment of time they spend assisting a new investor.
Jim Even when I contacted you for advice its was short and sweet but at least you answered me LOL.. - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
Quote from @Jay Hinrichs:
Quote from @James Wise:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Dave Hagen:
The best client is an educated client. There are many that will take advice and turn around and find a cheaper alternative, but that's part of business. And then they come back when the cheaper alternative ends up costing them in ways they didn't see. People new to REI are still working out their path. The successful ones learn and adjust.
If you don't see any value in helping, you could be closing off a connection that may be useful in the future. If you have a team, then picking someone to work on networking may pay back in the future. Educating someone on how you do things can help align them with your segment of the market. Or teach them that you aren't in the same ballpark and they will find a better product somewhere else. And if someone can't be bothered to help me out, or seems to be in a hurry to finish up, that appears to me like they think I am wasting their time. That they can't be bothered, unless they're making money. But if you can't turn a "browser" into a "customer", then maybe your sales skills need a little help.
Having been in multiple careers already, I have learned that even people new to the trade can have interesting slants on an old idea. So the idea that a relationship with someone new can't possibly be beneficial outside of you selling them your product "right now" seems a little short sighted. Just remember that the internet is forever, and what you post will indicate to possible future connections where you stand. Some people appreciate direct and to the point. Others like to know they aren't just another number. Adjusting how you interact with each connection is just part of being successful. You don't need to go into talking about spouses and kids, but getting to know a little about what they need, and helping get rid of bad information can go a long way to solidifying a relationship. And in REI, they aren't just buying a house they might live in for 20 years and not need another transaction until then. These are contacts that need ongoing deals.
Just as in family, you find people you want to avoid. My point is... Just don't make that decision based on the first thing you hear from them. Work on it. Some are beyond help. Others just don't know any better. Yet. And as they say... If you aren't part of the solution... You're part of the problem.
Unfortunately we turn down many investors that come to us for various reasons.
One of the big reasons is that if someone doesn't know what they want, I'm not the one to tell them what they should want.
If I used such conversion tactics (Which I could easily do), would smell disaster long term IMO just like it did for many other overnight turnkey scammers promising 15%+ cap rates.
It's not all about money/profit for us and it's also not all about baby-sitting incompetence either.
We have enough "free" online marketing content where a half sophisticated investor can easily come to a conclusion about all of our offerings.
Many try to side step the obvious and want more for themselves.
Building a relationship in business but in life also shouldn't be about "take, take, take" or "me, me, me".
It should be "give and receive"
I bet that many folks can provide or offer some value in return from experience they gained from a W2 or in another way.
Guess how many have offered something of value over my last 12 years of investing?
ZERO
I wonder why car dealers wont let you leave or call you a be back.. because no one comes back. same in RE or this type of RE sales were there are 50 markets to choose from and 100 folks to talk to . And there is only so much time in a day.. your not going to call an Attorney and pick their brain without paying .. Every person in sales has a different technique.. but at the end of the day the goal for all in sales is to what ??? Close the sale and ask for the order. Those that spend hours and hours with a client only to have them say thats all great but not for me are those that are going to go broke. While I agree to a point with Daves thought process and it can work in more of a retail setting . However after 50 years in RE I can tell you anyone who would take their time to engage and try to educate everyone who contacts them is going to fail.. They will miss the real buyer wasting time with the time waster.. its just a fact .
A good or accomplished RE agent / Broker sales person in turn key what ever needs to be able to present his/her product in 15 to 30 minutes qualify the buyer as the next step then CLOSE.
Now I have seen others in OOS investing sales put together very detailed FAQs and i suggest anyone selling to an out of state person have those either to e mail to the buyer or on your website.. this will cut down on hours of needless what about this what about that. As Sales people we only have time to sell.. Even my Architect hit me with that one last week :)
Lastly that is what paid training is for. Pay for your training and learn the things you want to learn dont expect Others to take hours training you without knowing they have a committed client.Agree. This thought investors have in their head is that Agents / PM's / Sellers will be willing to do all of this free stuff for them in the hopes they grace them with their business down the line is laughable. At my company, our videos and TV shows generate between 1-3 million views a month, this filters down to hundreds of leads every month. Giving away anything for free is ridiculous. Accomplished real estate professionals should be charging for every moment of time they spend assisting a new investor.
Jim Even when I contacted you for advice its was short and sweet but at least you answered me LOL..I live what I preach brother.
- 2yBruce WoodruffPro MemberContractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votesIMHO, you missed the point...it's not that people are uneducated and annoying, it's that the new people nowadays are just lazy and entitled....it's the sign of the times. You can't fix entitled....
Quote from @Elvin William:
Man. Reading all these comments, I didn't know a lot of new investors are out of touch. Instead of putting down or talking crap about new investors, why not educated them about broker fees and other stuff. You pay what you get. The way I find property is going through HUD section 8 rent. The more rent, the better the location. Than go to Zillow and type the ZIP code with high rent on section 8. Look for turn key or fixer upper property. Look for a realtor who doesn't talk crazy about other people on this site. Than look for a broker who doesn't talk mess about people on this site. Let them help you with property and money. Than get the property, rent them out, good to go. People should not talk mess or crap about how cheap, non educated, annoy they are. Just explain them what step or what they are paying for. You guys want their business and they will spread how good you guys treat them and grow. Talking mess get you no where. That's my 2 cents. It's not high school. Grow up guys. Help new investor the best you can, if not, tell them find someone else who can help. It's sad to hear young grown man complaining. Cheers for 2024
Just my $0.02 - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Bruce Woodruff:
IMHO, you missed the point...it's not that people are uneducated and annoying, it's that the new people nowadays are just lazy and entitled....it's the sign of the times. You can't fix entitled....Quote from @Elvin William:
Man. Reading all these comments, I didn't know a lot of new investors are out of touch. Instead of putting down or talking crap about new investors, why not educated them about broker fees and other stuff. You pay what you get. The way I find property is going through HUD section 8 rent. The more rent, the better the location. Than go to Zillow and type the ZIP code with high rent on section 8. Look for turn key or fixer upper property. Look for a realtor who doesn't talk crazy about other people on this site. Than look for a broker who doesn't talk mess about people on this site. Let them help you with property and money. Than get the property, rent them out, good to go. People should not talk mess or crap about how cheap, non educated, annoy they are. Just explain them what step or what they are paying for. You guys want their business and they will spread how good you guys treat them and grow. Talking mess get you no where. That's my 2 cents. It's not high school. Grow up guys. Help new investor the best you can, if not, tell them find someone else who can help. It's sad to hear young grown man complaining. Cheers for 2024
Just my $0.02
then when the entitle get upset they take to SSM and slam others.. - 2yMatt McCurdyBusiness MemberReal Estate Broker · Cedar Rapids, IA · Member since 2019 · 143 posts · 56 votes
I'm struggling with the same exact thing! What most new investors don't know, the power of working with someone that has the knowledge can save investors TONS of time and money. There's a reason most coaches/trainers/etc. will offer a 2-10x guarantee, because 1) they know the information will provide that kind of value 2) they also know a small percent of new investors will follow through. It's certainly rewarding to help that small percent, but that's the simple reason why I don't help new investors for free anymore.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 723 votes2y
Quote from @Christie Gahan:
Quote from @Engelo Rumora:
Quote from @Theresa Harris:
I would have turnaround and asked them if they work for free?
Unfortunately Theresa that’s the expectation
“I want the best deal”
“I want the best price”
“ I want the best area”
“I want the best service”
“I, I, I”
And some folks seem to be satisfied deep down inside if they get all of the above and the other suffers financially and pulls out the shorter stick per se.
Many don’t know the concept of “Win/win”
Many don’t know that if “I” win also and make money also, “I” can hire more people, invest in tech, make things faster, cheaper and better.
Making them win even more then they would have in the first place.
It’s a shame but it is what it is.
We take it on the chin and keep moving forward
I could have exited the biz many times over last 10 years and sailed off into the sunset while leave investors hanging.
But still here and always doing our best for all 🙏👍
Nate: I'm gonna need that " You've been Guru'd " tee shirt in a Large.
I'll get my merch people on it. Right after my signed Hot Wheels Lambo.
- Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts. - Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes2y
- Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈 - Real Estate Agent · Member since 2023 · 91 posts · 80 votes2y
I agree this happens to me on a weekly basis now "Hey what off market deals are out there, I only want you to send me off market properties." No hello/introduction, no goals etc.
I think books and and podcasts undermine the ability to communicate respectfully and to bring something to the table, or at least a good attitude and consideration. "Investors" read a book and want everything provided to them and treat everyone as an expendable.
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ? - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Paul Pratt:
I agree this happens to me on a weekly basis now "Hey what off market deals are out there, I only want you to send me off market properties." No hello/introduction, no goals etc.
I think books and and podcasts undermine the ability to communicate respectfully and to bring something to the table, or at least a good attitude and consideration. "Investors" read a book and want everything provided to them and treat everyone as an expendable.
The other thing is Texting people just think you can text and have a conversation texting . while text has its purpose but in these settings someone text me I just erase it I never respond. - Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
OK my Friend I have to go meet a Tree guy to see how we can cut down half a dozen 120 foot doug firs and not piss off the neighbors and city.. and then build our 2.5 million dollar spec home. - Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 723 votes2y
Quote from @Paul Pratt:
I agree this happens to me on a weekly basis now "Hey what off market deals are out there, I only want you to send me off market properties." No hello/introduction, no goals etc.
I think books and and podcasts undermine the ability to communicate respectfully and to bring something to the table, or at least a good attitude and consideration. "Investors" read a book and want everything provided to them and treat everyone as an expendable.
Yep. I wake up to 10-12 people a day wanting money. I send them my Jot Form which links them to my lenders and 9 out of 10 either don't submit it or fill it out right.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 723 votes2y
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
I always want them to ask for a case of Lube. Much easier that way.
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 723 votes2yWorking on merch.
Quote from @Engelo Rumora:
Quote from @Nate Marshall:
Quote from @Carlos Ptriawan:
Quote from @Jeremiah Parker:
@Engelo Rumora
Those looking for the quick win with no work is normal these days. Seeing the same thing in the W-2 world. Unfortunately, something has been taught or created within our cultural to take and never give back and to work less but expect more. It is sad, I think this mindset will take a while to change. I think the best is to encourage those to continue to learn and grow their mindset.
this is because culture changes due to quick adaption of social medii. All these instagram/Tiktok(and all the hell that Mark Zukerbergh created) is making the entire generation to want anything instantly, there's guru/apps for that so they don't have to work hard like previous generation (because their friend also able to did it), without any commitment in life. Even kid these days don't want to have kid , they'd rather playing video games LOL
It is affecting more than finances, real estate and crypto. But I got my Lambo...
Same mate,
Got mine also haha
- Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
OK my Friend I have to go meet a Tree guy to see how we can cut down half a dozen 120 foot doug firs and not piss off the neighbors and city.. and then build our 2.5 million dollar spec home.
When are you retiring mate?
Can I wash your plane and drink your wine? hehe - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
OK my Friend I have to go meet a Tree guy to see how we can cut down half a dozen 120 foot doug firs and not piss off the neighbors and city.. and then build our 2.5 million dollar spec home.
When are you retiring mate?
Can I wash your plane and drink your wine? hehereal estate you never retire its a lifestyle you know that !!
- Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes2y
Quote from @Nate Marshall:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also hehe
Engelo, we have to remember leads now come from the ether we have no clue if they have no money or are millionaires.. The skill is to qualify them by taking control of the conversation in a way they dont realize your doing it.. I learned from some of the best closers on the planet and this is a skill.. And one can learn it. Although very few can implement it.. again back to the Car salesmen just look up on the wall for the pictures of salesmen of the month or year.. thats the guys/gals that know how to take control qualify and close.
When it comes to getting consulting money like your posting.. When I did Aheroshome charity that I started with other BP members and we gave a home away last year to a deserving veteran ( for FREE). I raised about half the money personally by giving 30 to 60 minutes of my time for donations And when folks would ping me and I would ask for 100 or 200 and I will spend the time on the phone and walk you through how to do that sub to deal or how to do notes or what it takes to develop land etc.. I was about 30% conversion the rest could not cut lose with 100 bucks for charity and they wanted my time for free.. I dont give time for free I give time on the open forums and I might occasionally engage someone on PM if they are exceedingly polite and or have subject matter that I might be interested in at the time. Or If I think i can save their A$$ on a deal.
while you see many members here offer to hey just Ping and I will help you and thats all great but the vast majority do not have our experience or qualifications to be giving advice on certain situations.
One of my donors comes to mind it was in TN and she wanted to know about how to find hidden lots. I went through it and she found one and made at least 100k on the deal.. And I think she might have donated 250 or 500.00 cant remember.. but it was a win win. u just dont give out this information for free.. I had to learn it and so do these other folks. There was no internet for me it was Years of being in the business to learn these not well known techniques and concepts.
True that mate.
Donated a few houses years ago (Maybe you saw it on TLC's This Is Life Live) and was called a racist hehe
I'm caucasian and the family was African American so explain that one to me hehehe
Funny thing is mate, it's not a "consulting fee" per se.
Fully refundable which is clearly stated in the agreement and in our FAQ prior.
"Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.
This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...
Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷♂️
As you know, our operation is boutique as we prefer it that way and I "touch" all investors personally
And even prior to that step we have tweaked and tweaked our investor on-boarding process.
How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.
A rigorous process to ensure both the investor criteria and our model are clear for all...
I mean it took years and years to develop, adapt, change, etc...
But I guess that ain't clear enough either for some 🙈
But then those same folks will give some wholesaler or wholesaler company like New Western 2 to 10k NON refundable EM weird right ?haha
Or a Guru $30,000 for what is free on YouTube or Bigger Pockets lol
I always want them to ask for a case of Lube. Much easier that way.
It's a fine line between pleasure and pain hehe
I have to stop mate in order to keep it at PG 15+
haha
- Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 723 votes2y
Quote from @Engelo Rumora:
Quote from @Christie Gahan:
"I don't want to buy turnkey, but hoping you would help me find a deal."
Yes! That is going to cost you $500 / hr with a $5,000 retainer.
Here you go Christie,
Prime example:
Spent time on the phone, educate, team follow's up, on-boarding, pre-qualification, company resources, etc...
My time's worth per hour is between $250 - $500 based on how much I work/earn yearly...
Happens daily and non stop.
Not complaining and not a baby.
Just is what it is and we have been eating $#@% like this from day one.
Just wanted to start a thread to see feedback and seems like everyone in the RE biz eats the same lol
Maybe I'll start replying like this also heheMy business partner and I had someone pretending to be the #2 at the embassy in Bahrain and he was trying to scam someone pretending to be a member of the royal family of Bahrain. Through a contact at the federal
reserve it went to someone at Commerce, then state and then of all place Langley where a certain spy agency works.
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