Step-by-Step Process: Transforming Good Leads into Great Deals with Property Filter
Step 1: Set Up Your Lead Generators
Action: Use Property Filter to create up to 20 lead generators.
Focus: Select your Gold Mine areas and strategies (e.g., flips, BTL). Utilize templates for quick setup or delve into advanced filters for more specific criteria.
Tip: Keep it simple initially. Focus on a few areas and strategies.
Step 2: Clear Your Inbox Daily
Action: Regularly check your leads inbox in Property Filter.
Decision Making: For each lead, decide quickly – "Hell Yes" (save to pipeline) or "Hell No" (archive or hide).
Efficiency: This process ensures you only focus on leads worth pursuing.
Step 3: Due Diligence on Selected Leads
Action: Assess each lead in the pipeline’s 'Due Diligence' stage.
Key Activities: Consider property details, price history, and market data. Use Property Filter's built-in tools like deal calculators and comparables.
Decision Point: Determine if a property is worth a viewing or offer.
Step 4: Organize Viewings and Build Rapport
Action: Schedule and conduct property viewings.
Relationship Building: Spend time understanding the seller's situation and building rapport.
Note-Taking: Record key details and interactions in Property Filter for future reference.
Step 5: Make Offers
Action: Post-viewing, make an offer on the property.
Strategy: Use insights gained during viewings and due diligence to inform your offer.
Record Keeping: Log offer details in Property Filter.
Step 6: Follow-Up Systematically
Action: Regularly follow up on your offers.
System Use: Utilize Property Filter's pipeline for systematic follow-ups.
Consistency: Keep track of all interactions and updates in the system.
Step 7: Negotiate and Close Deals
Action: Engage in negotiations with sellers or agents.
Skills Application: Apply negotiation techniques learned from your property education.
Finalization: Once a deal is agreed upon, use Property Filter to manage the closing process.
Step 8: Review and Optimize Your Process
Action: Periodically review your lead generation and deal-making process.
Analysis: Utilize Property Filter's analytics to identify areas for improvement.
Continuous Learning: Stay informed about market trends and adjust strategies accordingly.
Additional Tips:
Stay Educated: Continue learning about property investment strategies and market dynamics.
Leverage Property Filter Fully: Utilize all features of Property Filter to maximize your efficiency.
Network and Collaborate: Engage with other Property Filter users and property professionals to share insights and strategies.
By following these steps and consistently utilizing the tools and features of Property Filter, users can efficiently transform good leads into great deals, streamlining their property investment journey.