Stop Chasing Leads—Start Cashing In on the Ones You Already Have

Stop Chasing Leads—Start Cashing In on the Ones You Already Have

Real Estate Coach · Derry, NH · Member since 2016 · 283 posts · 217 votes

Leads. Everyone talks about them. Everyone wants them. And yeah… everyone spends a ton of cash chasing them. But here’s the truth most people don’t get: most leads aren’t “ready to sell” the second they hit your inbox—and that’s totally normal.

A lot of investors get stuck thinking their leads are too cold, too lukewarm, or just not “hot” enough. Reality check? Most leads need time, follow-up, and a little TLC. Not every seller is ready to unload their house at a discount immediately—and that’s okay.

Here’s a stat that’ll make you stop and think: almost 50% of people never make a follow-up call at all. Across sales industries—including real estate—most deals happen between the 7th and 12th touchpoint. But only 1 in 10 investors ever gets that far. That’s where the real money hides—in the follow-up.

Instead of throwing cash at “more leads,” focus on the ones you already have. A lot of investors fall into the trap of overspending because they think their database isn’t enough. The truth? You probably already have a goldmine sitting in your CRM—you just need the right system to nurture it.

Here’s how to work your leads smarter, not harder:

  1. - Do a weekly lead audit. Sit down with yourself—or even better, a VA—and go through every lead from the week. Make sure every single lead has a clear next step with a scheduled time to follow up.

  2. - Don’t overload yourself with leads. If you’re new, 25–50 leads per month is more than enough. Too many, and you’ll drop the ball. Seasoned pros? 75–100 is doable—but only if you’ve got support.

  3. - Know the difference between quick wins and long-term plays. Some leads are ready to act now—snag those deals. Others? They’re going to take months, maybe even years. Recognizing the difference keeps you from burning out and chasing ghosts.

The bottom line: Stop chasing new leads like there’s no tomorrow. Nurture what you’ve got. Follow up consistently. Build a system. That’s how your “cold” leads turn into cold, hard cash.

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  • Columbus, OH · Member since 2025 · 19 posts · 12 votes
    9mo
    Quote from @Jeremy Beland:

    Leads. Everyone talks about them. Everyone wants them. And yeah… everyone spends a ton of cash chasing them. But here’s the truth most people don’t get: most leads aren’t “ready to sell” the second they hit your inbox—and that’s totally normal.

    A lot of investors get stuck thinking their leads are too cold, too lukewarm, or just not “hot” enough. Reality check? Most leads need time, follow-up, and a little TLC. Not every seller is ready to unload their house at a discount immediately—and that’s okay.

    Here’s a stat that’ll make you stop and think: almost 50% of people never make a follow-up call at all. Across sales industries—including real estate—most deals happen between the 7th and 12th touchpoint. But only 1 in 10 investors ever gets that far. That’s where the real money hides—in the follow-up.

    Instead of throwing cash at “more leads,” focus on the ones you already have. A lot of investors fall into the trap of overspending because they think their database isn’t enough. The truth? You probably already have a goldmine sitting in your CRM—you just need the right system to nurture it.

    Here’s how to work your leads smarter, not harder:

    1. - Do a weekly lead audit. Sit down with yourself—or even better, a VA—and go through every lead from the week. Make sure every single lead has a clear next step with a scheduled time to follow up.

    2. - Don’t overload yourself with leads. If you’re new, 25–50 leads per month is more than enough. Too many, and you’ll drop the ball. Seasoned pros? 75–100 is doable—but only if you’ve got support.

    3. - Know the difference between quick wins and long-term plays. Some leads are ready to act now—snag those deals. Others? They’re going to take months, maybe even years. Recognizing the difference keeps you from burning out and chasing ghosts.

    The bottom line: Stop chasing new leads like there’s no tomorrow. Nurture what you’ve got. Follow up consistently. Build a system. That’s how your “cold” leads turn into cold, hard cash.


    @Jeremy Beland 100% agree - I've seen investors spend $5K/month on new leads while ignoring the 200 they already have.

    But here's the flip side question: what if your STARTING point is quality?

    If you start with highly motivated leads (tax delinquent 3+ years, code violations, absentee owners), your 7-12 touchpoints are WAY more likely to convert than if you're starting with cold Zillow scrapes or generic direct mail lists.

    I think the real formula is:
    1. Get QUALITY motivated leads on the front end (distressed signals, not just random addresses)
    2. THEN apply your follow-up system

    Starting with 25-50 Columbus tax delinquent leads with 80+ motivation scores beats 500 random "homeowner" leads any day.

    For newer investors especially - would you agree it's better to start with 25 HIGHLY motivated leads and work them properly, rather than 200 random leads they'll never follow up on?

    Curious how you advise students on lead SOURCE quality vs. lead FOLLOW-UP quality.
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