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Re: 1st visit for Equity Purchase in IE/Qualifing by phone,,,

Posted by MonroviaDave on May 12, 2010 at 11:25 AM

In Reply to: Re: 1st visit for Equity Purchase in IE posted by Rick Harmon on May 12, 2010 at 11:01 AM

Interesting thread here guys,,,Doug and Rick,what is you take on phoning the prospect ahead of time using a Criss Cross Directory to discuss the matter before the first cold call .Is this a more productive use of time ?Thanks: By "On the cheap" I meant that you are merely using freebie forms.

: I started working foreclosure equity purchases in 1978. And yes, I've met many people at the door. I stopped meeting prospects in 1996 as I figured that it was no longer a necessary part of my business model and I wanted to focus on paper investing and other pursuits.

: Sounds to me like you heard Ward speak recently and are fired up. That's great.

: Let us know about some of your door-knocking experiences after maybe 50 - 100 properties:

: How many people answered door? How many principals did you talk to? Typical conversation was...?

: How many invited you into their homes to discuss their situation?

: How many did you sign out of X doors?

: How many did you close and make a profit on?

: Any calamities along the way?

: Results vs. expectations?

: Depending on the neighborhood, you may not find anyone around until after 11:00 AM, and then (again, depending on the area) you make want to 'keep moving.'

: There is no substitute for real, in-the-trenches experience. So, keep good notes as to what works for you. It may not be the same as what you heard.




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