All Forum Posts by: Robert Warren

@Brian Gibbons

Isn't it possible to act in the capacity of an individual or a licensed RE agent in Colorado?   Just provide full disclosure and have the seller sign a contract that says you represented yourself and that you are not an agent the transaction.  Specifically explain the clause and have the seller initial it.

We are currently in a bond and equities bubble.  The inflation, printing money, under QE1, 2 and 3 have flowed directly into these markets.  The commodities have been in a bear market.  This is teetering on a dramatic shift.  When the equities and bonds start falling the money will flow into the general economy, prices and wages.

The bonds will go down and interest rates will go up.  Inflation will push up on RE prices and interest rates will push down.  Volatility will increase.

Commodities will go up via inflationary pressures.

In short good luck.  Make fast trades, buy way under market value, be cautious.  

One more thing.  My tenant handed out business cards while he went skiing and we went over the script after his first day.  He will be more effective tomorrow.  In his mind he is skiing for dollars.  What a deal.

So does anyone have some suggestions for me as I implement this Bird Dog campaign?

So far. I have spoken with 3 of the people in my buyers list that fit the profile of a bird dog.  All three are phyched! I worked with one, and we formed an action plan.  He is on it.  Talked with a potential rent2own buyer.  She is out looking for the property that she wants to aquire.  Anything that dosent fit her she is sending my way for a potential $1000.  I also spoke with another who is interested in doing direct mail campaigns in Grand Junction.  He is thinking about then feeding the hot leads to me.  If they close then he gets $1000.

So far so good.  Need to start working on the systems to keep it all organized.

@BA Read - Try this one, "Develop Communities."

Welcome, I work in Western Colorado.  Lets get together, do some deals, and make money.

Also, please comment on my post, "How to Set up a Bird Dog Campaign". When we communicate back and forth deals will happen and we will make some money.

This is how you build your buyers list.

Wholesaling in Western Colorado presents unique challenges.  The distances are big and the towns are small.   To reach my goals I am setting up a bird dog program that will provide me with "boots on the ground in each town" and will take advantage of the unique marketing opportunities found in the ski towns.

Here is my current thinking.  Please comment.

1. Search out bird dogs in each location.

2. Offer $1000 for each lead that ends in a closing.

3. Set up systems to help organize the bird dogs.  For instance, a google form that will gather the info, google drive folders that are shared with individual bird dogs for pictures of the property etc.

4. Set up an educational program to teach the bird dogs how to uncover more deals.

5. Set up a special program for seasonal workers at ski areas.  These are the people that are riding the chair lifts every day and have a captive audience with whom ever they happen to sit next to.  This class would have a unique education program and materials to help get the lead.

6. Track the leads, provide a method for the bird dogs to follow the progress of each lead for accountability.

7. Close deals and make payments to my bird dogs.

BTW - Want to be a bird dog in Western Colorado? Give me a call.

@Dav Horn Isn't the point to help out @BA Read?

@BA Reed You should finish your business plan, but dont let that stop you from marketing for leads right now. Get started, don't delay, do something each and every day to reach your goal.  It seems to me that your business plan is a form of procrastination.

Write down your business plan in one sentence.  Then start.

Why not broaden the search for undervalued properties?  Find areas that typically lag the area that is high.  We have just such a situation here in Colorado.

In Colorado the Western Slope is lagging the Front Range.  For the buy and hold strategies look toward Grand Junction.  The prices there aren't as high - yet.