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Real Estate Investing Hot Seat | If you want bigger pockets listen to this podcast that rivals Dave Ramsey, Jim Cramer from Mad Money, Donald Trump, Than Merrill and Robert Kiyosaki from Rich Dad Poor Dad.
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Episode 20: Turning your Business Around, with Danielle Terry
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Danielle Terry is an investor from Baltimore, Maryland. Coming from a communications and public relations background specializing in life plans and business organization, she partnered with Brittany Bolling and Mindy Luckett and jumped right into the real estate wholesaling industry.
What you’ll learn about this episode:- Problems with a disconnect between getting deals under contract and getting to closing
- Tips to make sure you are dealing with an investor and not a wholesaler
- Ideas for how to talk to investors to help close deals
- Benefits of requiring a nonrefundable $10-20,000 deposit
- How to talk to buyers about money
- Why having a process to handle leads can be helpful
- Reasons why you should never delete buyers you’ve already acquired
- The importance of securing proof of funds, executed assignments agreement, and earnest money deposit before taking a property off the market
- How wholesaling works
- Struggles of building a business on top of cleaning up a business, and how to combat those struggles
- Radius searches: how to do them and how they can help you find a reliable cash buyer
- How Brad can help Danielle and others get back on their feet
- The amount of money a website database can be worth, even if the website is no longer running
- Marketing strategies: bandit signs, pay per click, and direct mail
- How being resourceful and reaching out to people can turn a business around
- What sets successful people apart from unsuccessful people
- How to break each day down to accomplish tasks to reach an ultimate goal
- Why downtown Baltimore is a risky market
- Secrets of success: taking accountability for your actions
- Express Homebuyers deals for cash buyers: www.ehbdeals.com
- To co-wholesale with Express Homebuyers in the DC-metro area: www.expresshomebuyers.com/submitdeal
- InvestorCarrot, real estate investor website solution: https://oncarrot.com
- MRIS, the mid-Atlantic region’s MLS system: http://www.mris.com/#/home
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