All Forum Posts by: Karl Krentzel

Thank you all for taking the time out to respond. i really do appreciate it. i do have another question for you though. I recently found an ad about Renatus the real estate investing school.
Now im not interested in spending 16k on the education but what do you think about the marketing side of the business? Can one really be profitable in an mlm?

see my reply! Sorry!

0 Votes

LOL... I specialize in doing deals "on the cheap". LOL Here is a pic of a response I got just yesterday from a Craigslist Ad I ran. LOL You just gotta be creative!

0 Votes

Been there! don't worry! You are not alone! Check out many of the respondent's websites for help! Many experienced Investors can help!

0 Votes

I hired a Indian Virtual Assistant to prospect, deal with Sellers, and flip the house for me. I made about 6k off a single transaction while I paid him $3.90/hr. (*Total deal cost me less than $400)

1 Vote

Originally posted by @Rico Garcia:

Hello Everyone,

Well I'm back in the saddle again, but this time I'm buying the Ambassador package from Flip2Freedom. I personally know people who have purchased it and stand by it, so now it's my turn. I'm going to turn 2015 into an AWESOME & PROSPEROUS YEAR !!!!!

Well congrats! I look forward to meeting you soon then!

0 Votes

Originally posted by @Alex Duarte:

@Karl Krentzel Definitely will give your blog a follow ! Just a quick question.. Do you think it would be better to start at a big Realty(ex.KW, Coldwell, Century) to name a few in my area. Or a smaller less known name ? If you don't mind that is .

Well, it largely depends on what you see yourself doing. It's not necessarily about size. It is about culture if you are an investor. The larger more traditional companies can be a bit of a pain IMHO sometimes, but if they are a 100% commission house, then it generally doesn't matter.

Passing the test should be fairly easy if you paid attention in class and study the test questions they gave you. They many times are recycled test questions so It can help prepare you! Get that test knocked out, and then get your dreams!

0 Votes

You are most welcome! For more Realtor® and Wholesaler Sales skills information like that, feel free to follow my blog or my podcast. Either way, I got tons of free info for ya!

0 Votes

Originally posted by @Ann Bellamy:

Yeah, I'll consider allowing you to give me $12,000 too. To qualify, you have to have $12,000 available credit on your credit card and agree to tell everyone how wonderful I am. In return, I'll give you access to my system.

My system, by the way, which I'll give you for free right now, is: working hard to learn about all facets of real estate and lending, reading, reading, reading, building my credibility, networking with borrowers, networking with sources of capital, building my own capital, marketing, marketing, marketing, and more marketing. Also scrupulous attention to detail and customer service. making mistakes, making more mistakes, and learning as I go. Doing deals and talking to attorneys and more attorneys. Looking at endless comparable sales and non-deals. Checking each property. Following through and making sure I deliver what I say I will. Taking the hit if I made the mistake. You can substitute "for Deals" and "Buyers" for "Capital" and "with Borrowers".

I've been developing my "System" since 1997. Please send me $6,000 which is a bargain because I just saved you the other $6,000. With tongue planted firmly in cheek, I wish you success.

Funniest "yet most true" quoteable I've heard all day!!! LOL

0 Votes

Yep! The MLS is the hands down BEST advertisement for discount "wholetail" property IMHO.

Investor/Broker

0 Votes

May I propose an alternative theory? Instead of shying away from the wholesalers, recognize that they are going to be making offers anyway on MLS property. Try helping them, offer to help provide comparables (which is why they are low in the first place) in return for any of the leads that they find that thy can't use. One hand washes the other. You aren't paying a referral fee, but providing help.

They are much like new agents, they mail out Yellow Letters, postcards, bandit signs, etc. and create a lot of prospects many times. However, they do not typically have the ability to articulate things clearly with Sellers, or close deals. As such, that can be a convenient lead source for you if you take a longer term view on it.

Made a pretty good career out of that myself. Just saying!

p.s. (Additionally, they are a great thing to add to your COI).

2 Votes

All Forum Posts by: Karl Krentzel

Karl Krentzel has started 64 posts and replied 391 times.

Post: Help! Where do i start?

Post: Help! Where do i start?

Post: Help! Where do i start?

Post: What Staff or Independent Contractors Have You Hired for Your Real Estate Company?

Post: Guru's, Sean Terry's Flip2Freedom and the people who hate them

Post: Any good training videos/seminars/tips for agents ?

Post: Any good training videos/seminars/tips for agents ?

Post: Chief Denney

Post: Wholetaler's Are You A Licensed Broker or Realtor?

Post: What does a Realtor look for in an Investor?