the "average" person cannot be a multi-millionaire...you have to take yourself from being average, to above average to become a millionaire...
How can the average person become a multi-millionaire?
- Thread starter Tre81
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the "average" person cannot be a multi-millionaire...you have to take yourself from being average, to above average to become a millionaire...
I wasn't arguing or attacking. Just making an observation.
I actually sorta-kinda agree with you that more money can be made faster in aggressive business tactics whether its online or offline. I think the point of the more levelheaded in this discussion is that RE offers a relatively safe haven for the savvy investor in which to put those "internet monies" other than a bank account or high-risk reinvestment.
Clear the sand out of your panties, Betsy. No matter how rich you may be, you still need to be able to take some good-natured ribbing. Sheesh.
That's what we did.. I don't see the problem and I never made assumptions about you.. YOU made the assumption that you make more then 99.9% of the people on this board ( or any board ) and that you will continue having positive returns on your online income for the next 3-5 years then retire, while anyone in real estate wont be getting ahead like you in the same time frame..
May I call you Jesus or Allah? Cause those are the only ones that I know that can make rock solid future predictions like that and know what 99.9% of the forum members here make to compare that to your income.. Me make assumptions? Man, you set yourself up good, HA.
Commander McBrag has spoken.
I bet it felt good to let everybody know you're a baller and in that .1% top producers.
Just the fact you stated your dream home is paid for tells me you're not as wealthy as you think. The wealthy would state "My dream HOMES are paid for".
Please re-think your lies next time.
You can call me whatever you want, but the fact remains that I know with 100% certainty that I will continue to make a shitload of money online for the next 3-5 years unless the Internet as we know it changes and advertising is not allowed. If you can't say this with certainty yourself, you should be building your skills not bullshitting on WF.
Ok dude, this is getting dumb. First off, wealthy means many different things to many different people. And the number of homes one owns gives no indication as to their true wealth. On top of that, I only WANT 1 fucking house. Ever think of that? Warren Buffet drives a cheap car and lives in the same house he bought in 1958 for something like $25k. You gonna talk shit about him too?
I don't see a PM from you mr. keyword warrior. Like I said, DFW or San Diego. Any amount of money says I'm not lying, and I can prove it. How about you put your money where your mouth is, or stop talking shit and get back on topic.
1 word: Televangelist
Stack cash and save souls!
Isn't that the farting preacher?
Very accurate observation actually. The average person isn't a millionaire because they don't have the skills or knowledge or work ethic to be one.
Thus to become a millionaire would require improving those 3 things.
This was an interesting thread. I rarely can contribute to this forum as I know nothing about internet marketing - but Real Estate - I know.
1. There are $25K-$50K houses in many markets that will get you the $750 per month. Even California. I just sold one of my homes in Fresno for $40K and it had same $750 tenant for 6 years before I bought it for $20K.
2. If you have money for down payment acquiring a loan for a rental is easy.
3. Rusky had it right - short sales is where the market is right now. Want to make close to a million? 20 closed leads per month for next 24 months at $2,000 per closed deal = $960,000. That's it. Just switch those Loan Mod campaigns to a salesperson that can turn the lead into a short sale. (yes, we pay this much and more - so don't tell me you cannot get this much per deal) - the difference is you are getting paid when the deal is done - not just for the cold lead.
4. Fix and Flip - too risky and time consuming unless you know what you are doing. Yes you can put in $30K (down on the loan) and pull out $60K (net proceeds after sale) in 90-120 days - but it's very hard to scale up to anything worthwhile.
1. There are $25K-$50K houses in many markets that will get you the $750 per month. Even California. I just sold one of my homes in Fresno for $40K and it had same $750 tenant for 6 years before I bought it for $20K.
2. If you have money for down payment acquiring a loan for a rental is easy.
3. Rusky had it right - short sales is where the market is right now. Want to make close to a million? 20 closed leads per month for next 24 months at $2,000 per closed deal = $960,000. That's it. Just switch those Loan Mod campaigns to a salesperson that can turn the lead into a short sale. (yes, we pay this much and more - so don't tell me you cannot get this much per deal) - the difference is you are getting paid when the deal is done - not just for the cold lead.
4. Fix and Flip - too risky and time consuming unless you know what you are doing. Yes you can put in $30K (down on the loan) and pull out $60K (net proceeds after sale) in 90-120 days - but it's very hard to scale up to anything worthwhile.
trying to do do the math here, what % of cold leads turn into done deals (i know it varies, just wondering if you have an idea)
This is really interesting. My question is, how can I - as a lead generator - follow up with the agent to see if the leads turned to sales? Not that I'm not trusting or anything but...I'm not trusting or anything. I guess what I'm asking is what measures are put into place that keeps honest people honest?
How much are you willing to pay for a cold lead. I wouldn't call it cold, but warm. I have leads of sellers inuring about short sales in particular.
Hey everyone I have literally just signed up to be part of this wonderful family and surprise surprise I see a topic that is right down my neck of the woods.
I am into real estate and I am a real estate agent and I can tell you for free just this one time that yes you can make it big in real estate but like everything else in life you have to have some knowledge of what you are doing otherwise you will fail miserably.
Real Estate is the fastest way into making it big and you do that by flipping houses but there again, you need experts advisers.
Since I am new here I will take my time to find my feet but in the near future I planned to publish some tips on how to make it big in Real Estate using a quick start guide.
Looking forward to meeting my new family.
Peace!
I am into real estate and I am a real estate agent and I can tell you for free just this one time that yes you can make it big in real estate but like everything else in life you have to have some knowledge of what you are doing otherwise you will fail miserably.
Real Estate is the fastest way into making it big and you do that by flipping houses but there again, you need experts advisers.
Since I am new here I will take my time to find my feet but in the near future I planned to publish some tips on how to make it big in Real Estate using a quick start guide.
Looking forward to meeting my new family.
Peace!
Hard to say because first the offer is made then accepted then negotiations start and it may be 30-60+ days before it is all over. I suppose you could do a follow up customer service call to the lead to ensure they were handled properly. Or you could monitor title records for each lead - do a spot check. Not certain - it's not as easy as a pixel firing - what happens with offers like alarm companies or Comcast - how do they control when they have offers that pay at installation?
Really, whoever gets your leads needs to be someone you can trust - then you verify their word through title company connections. You can get the title company connection before you send the first lead.
Depends of course on how qualified the lead is. If it is someone that does not know what to do and really would prefer a loan mod then you are looking at 10%-20% - if the lead is generated from someone where the loan mod already failed - then it should be much higher because they know they are at the end of the road and have no other options. Also depends on the salesperson getting the lead - can they close or not. This would have to be determined through a little testing.
Right now I am not up for paying for the cold leads - this may change in the near future but for now my partner and I are focusing on closed deals. The reason being that it is too easy to waste time on a bunch of cold leads that go no where. If you are not doing anything with the current inquiries about short sales specifically then I consider giving us a shot - if they are wasted then no harm. If you have someone willing to pay then by all means they trump my deal.
If I could get a handle on a closing ratio for the cold leads then it would be worth pursuing. Are these in CA or where?
What would a price per cold lead that would be worth for you to develop. I would have to run it by my partner - but closed is the model for now.
This is gonna sound dumb...but car washes. That's right, I said car washes. FUCKING GOLDMINE's. I've got a buddy who owns 3 of them and they are cash cow's. You're biggest problem is the EPA and all of the clean water filtration you have to install when building, that and keeping the cashiers from stealing, since it's almost all cash. You can own the land or lease it. Depending on location, owning it is probably a better way to go.
I had 3 partners going in on a new car wash build a couple of years ago, but one of the investors was going through a divorce and things got all fouled up. Probably good it didn't go through since the economy tanked right after. This was a fully automated wash with the tunnel. However, even the do-it-yourself car washes are big money makers.
So if I was going to try and become a millionare with a brick & mortar type business, a chain of car washes would be it. Or laundromats...another cash maker.
I had 3 partners going in on a new car wash build a couple of years ago, but one of the investors was going through a divorce and things got all fouled up. Probably good it didn't go through since the economy tanked right after. This was a fully automated wash with the tunnel. However, even the do-it-yourself car washes are big money makers.
So if I was going to try and become a millionare with a brick & mortar type business, a chain of car washes would be it. Or laundromats...another cash maker.