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All Forum Posts by: Karl Krentzel

Karl Krentzel has started 64 posts and replied 391 times.

Post: My Direct Mail Campaign Results Have Been Atrocious

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Brandon Foken:

Hey There BPers,

Myself and my business partner have been spending a significant amount of time on our direct mail campaign and so far, our results have been subpar to say the least. We have sent out a total of 395 letters and received a whopping 5 responses. 1 was a prank call. 2 were of the "please remove me from your list" variety. Our one success was getting an appointment with a seller, so in reality we have had 1 good response out of 395 total letters. I'm hoping to get some insights and ideas/critiques for increasing our response rate. The details of our campaigns are below....

Yes.. don't Direct Mail.  Use Content Marketing via a powerful Website like InvestorCarrot etc. 

Post: dealing with a realtor

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Joseph Cox:

1.No seller will entertain offers without POF.

2. Realtors will not consider a offer without POF. Even if he has to show the seller your offer by law,

3. he will advise the seller not to consider it without proper POF.

4. Additionally, when POF is a given in transactions nowadays, not providing any POF raises so many red flags, the seller would literally be stupid to execute the contract.

These four statements you made are 100% INCORRECT and wrong.

1. I just did the last 5 deals I've done without ANYONE asking for POF

2.  I am a Realtor®, and while that is GENERALLY true, not ALL Agents are GOOD agents... many will screw up.

3.  Again, NOT Correct.  You are assuming ALL agents know what's up, which as a broker of 19 years experience I can attest is 110% incorrect.

4.  NONSENSE.  A Seller sells a home many times because they trust, for whatever reason, the deal will close.  Either their agent has assured them, or their trust in the purchaser.

After 19 years as a Full time Investing Broker, selling about 75 homes a year at my peak, I can assure you that your entire statement, while SOMETIMES true, is not ALWAYS True.

The newer people should read what you say with a grain of salt on this fact here because as  a Broker myself, I can assure you that is NOT always the case.

Have a Powerful Sales Day! 

Post: dealing with a realtor

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

lol.... I am so glad there are so many bad agents out there... it makes it SO easy for me.

Post: Question for Real estate agents

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Jimmy Thomas:

Hi im taking a online real estate course.My question is for other real estate agents, do i need to know and remember everything thats in the course to becone a good agent, i feel as long as i have sales skill,ill be good selling a house and showing it to potential buyers and negotiating. Ijust feel some of the material isnt helpful

Egg-cellent Question!

The answer is of course, an unequivocal NO.  

The reason why I say so is that the State and Federal tests that you take are pretty much standardized across the board with few exceptions (Save the State Test of course).  The purpose of Real Estate School is to teach you the LAW, not to sell.

As a previous poster to accurately mentioned, you need sales skills, scripts, dialogues and techniques to carry the day! 

Have a Powerful Sales Day!! 

Post: How I Find Motivated Buyers And Sellers! A Sneak Peek!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337

How Do You Find Motivated Sellers?

I get that question all the time. As a podcaster, Investor, Realtor®, Broker and Coach, I’ve got limited time. In order to keep my “pipeline” full all the time without spending an arm and a leg to do it is the $64,000 question!

Finding sanity in a world where you may not know how to generate buyers and sellers frequently can get scary! That’s why I’ve developed a special download called

“The Top Ten Red Pill Investor Podcasts for Motivated Buyers and Sellers!”

Listen to Episode 457 How I Find Motivated Seller Leads… A Sneak Peek!

Finding Motivated Sellers 

And Buyers Automatically!

It’s no secret. As an affiliate and fan of Investor Carrot, I have taken their already powerful platform and AMPED it up a bit! With my Expired Pages, my FSBO pages, and Ready to Buy "Handyman Special" pages, I've obtained awesome results!

But that's not all… I talk about MLS deals, content marketing, working with agents, and my number one secret source of buyers!

Be sure to download your free 10 Top Motivated Buyer and Seller Strategies Podcasts!

Post: Licensed agent and wholesaling in Texas question

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Arissa Pedroza:

I am a licensed agent in Texas and have a FSBO I want to wholesale. Can I use the TREC contract and if so:

- Do I put in all of my Brokers information?  If I am doing the deal as an investor and not an agent, not sure if I can leave the agent part out.  Obviously I will disclose but not sure of the verbiage

- Would I put the buyers name (me) as "my name and/or assigns"?

Thanks and if you have anything else to add, let me know.

 Great question @Arissa... as a  licensed Broker/Investor/Realtor® here's what the Code of Ethics has to say...

  1. Use a State Contract (Article 9) 
  2. Give em comparables (Article 2)
  3. Tell them you are acting as a principal in the transaction (Article 4) 
In the state contract, write down the following as I do....

"Buyer does not intend to reside in premises, but will lease, rent, assign, repair or sell for profit.

Buyer is a licensed Agent in the State of ______

Buyer is not acting as a principal in this transaction.  No representation is expected or given.  No commissions are being paid. "

Try that... and oh yeah.. don't listen to people who AREN'T Agents giving you advice.

Have a Powerful Sales Day! 

Post: Real estate agent

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Cori Barnes:

I was thinking about getting a Real estate license to be able to access the MLS, is that possible without having to show people houses? Or is it even worth it?

 Yes....and Yes... and if you are smart, you will use your license for more than that!  

Post: Actual Motivated Seller Negotiation! Listen in!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Live Negotiations With Real Seller!

Ever want to sit on the shoulder and just be a “fly on the wall” on a real negotiation? In this super power-packed episode of The Red Pill Investor, you will hear exactly that!


Listen in as I conclude a transaction that you’ve been listening in on. Listen in as she makes her decision between Wraparound Financing, and an All Cash Offer… or does she accept ANYTHING at all?

Click Here To Listen To Episode 454- Actual Negotiations With a Real Seller!

There’s Just No Telling What Will Happen…

Let’s just be honest… can you think of ANYONE, I mean ANYONE else who does this? Who records their presentations and entire transactions for you, the listening public to hear?

If you can’t think of anyone, would you do me the honor and SHARE MY PODCAST WITH AT LEAST One Friend?!?!?

What does a brother gotta do to get your attention and love!?!?!

Have A Powerful Sales Day! 

Post: Learn How To Sell Real Estate!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
Originally posted by @Michael Hart:

Karl Krentzel, a name I thought I recognized and then I spotted "The Red Pill Investor" in there and knew "YES, I DO know that name!" There's been more than a time or two when I've come across something written by Karl Krentzel that made me say "HEY, that's GOOD INFO! I'm going to print that out and save it in my "Real Estate Secrets File" :)!  

 Thanks! You need to come to our Prospecting Academy starting tomorrow! It's gonna be a blast!

Post: Learn How To Sell Real Estate!

Karl KrentzelPosted
  • Real Estate Broker
  • Tucson, AZ
  • Posts 410
  • Votes 337
You bet!  You are gonna love that podcast!! LOL.. Listen to the "Is Monday Too Soon??? " Technique! LOL