Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.

Posted about 14 years ago

Ask For What You Want Every Day!

I pay my niece to post on CraigsLisat.org every day. Every single day she posts;

- My properties for sale
- My notes for sale
- My Mini Storage units for rent
- My Boat Storages for rent
- *That I'm looking for Private Money to fund my deals
- *That I'm looking to buy houses
- That I offer Hard Money to local investors (buying in San Antonio)
- *That I'm giving Free monthly seminars on how to Self-Direct your IRAs and 401Ks and
    how owning RE notes can change your life
   (I do case studies using MY NOTES and show the audience why it makes sense to buy
    them from ME... and there are some very compelling reason to use me and only me)

As an extra bonus (for myself) I always sign off using my standard email signature. This signature lends to my credibility and it's the perfect soft sell for my book. If you every receive a person email from me this is what my signature will read like;

 --Mitch Stephen--
Author, of MY LIFE & 1,000 HOUSES
First 100 pages await you at www.1000Houses.com
Recorded Interview: www.AltURL.com/6o9ou  

There are days I get calls that don't amount to anything. The call to buy one of my houses goes to my head sales person. The calls for boat storages or mini storages go to my wife who runs that business from home. *The calls I take are the ones that may lead to that huge private note buyer connection or that giant private lender connection. I always speak to these callers as if they have $$Million$$ dollars in the bank and they don't think I know about it.

I try to keep them on the subject they call about. If they call to buy notes, I talk to them about notes and not about loaning me money to buy houses. If they call about loaning me money, I don't get into the fact that I also have notes for sale.

In the event we do NOT get anywhere with the main reason of their phone call, then and only then will I talk to them about a different investment opportunity. Even so, I won't do it on that first phone call. I will wait for our original conversation to soak in. I'll call them a few days later to see if the are interested in doing whatever it is they'd called about. When it's clear they are not going to move, that's when I make another call and introduce the next opportunity. For example; if a person calls and wants to loan me money and we discuss the topic in earnest but nothing happens i'm going to figure that he wants more than 8%. That's when I'll call him about notes..because buying my notes you can make 10% - 12% - 15% and more (cash - on - cash returns).

Point #1, Make sure the phone is going to get answered and make sure your taking the calls that are the most crucial - the most important to your business. 

Point #2, and I guess the biggest point is this; I have posts going out into the world every day. I firmly believe you have to ask for what you want. You have to be consistantly asking - EVERY DAY - day in and day out, for weeks, for months, for the years. May I pose a question to you? If you were to post in several different cities, every single day for 365 days in a row...do you actually think you WOULD NOT sell some notes...or find some private money? 

Last week I got a call from a man that was sick and tired of watching his money sit in CDs making less than 2% interest. We talked for an hour about my notes. We talked about some very specific notes that were in price ranges he was comfortable with (he wanted to start small). We talked about the risk and about him not living in San Antonio and I explainded to him that when he bought notes from me I came with the notes..he was buying me (to an extent) and he didn't have to be in town to be successful and/or handle an occassional problem. He agreed to try a few smaller notes with me and I told him I'd send some paperwork out to him over the weekend and give him wiring instructions so that he could wire the money to me for the notes. When I asked him where he was from he said, "I'm in Afghnistan." Yep, that's right! He was working for an american oil company in Afghanistan! He was making great money (tax free money), tired of seeing sit and do nothing, on Craigslist at 9:30pm his time (1:30pm my time) and made a deal with me over the phone. I have no doubt this man will do more with me in time. That is the power of postng every day!

 I pay my neice $400 per month to make sure that my messages are getting out there and staying out there. She post some things 2 times a week, some things 3 times a week and when I've got a push going on she posts every day for some things. Do you remember what you used to pay to put an sdvert in the newspaper in your local city? These ads are found by topic on the coputer all over the world! Start Posting! Starting asking for and getting what YOU wantl from this planet!

In His grip... 

Mitch Stephen
Author, MY LIFE & 1,000 HOUSES
First 100 Pages Await you at www.1000Houses.comRecorded Interview: www.AltURL.com/6o9ou


Comments