Rob Best is a Maverick Investor who has been investing in real estate around the world since 1987. He now runs http://www.maverick-investor.com
For UK-specific real estate investors, he also recommends...
http://www.maverick-investor.com/propertycourse
http://www.thepropertyman.co.uk
With foreclosures due to reach record levels in the US in 2008, this is a fantastic time to be a creative real estate investor! Not only are you in a position to genuinely help people who are struggling under the growing weight of a sub-prime mortgage, for example, but you can also make significant amounts of money in the process.
Whatever strategy, or strategies, you favour - flipping or fixing, owner financing, real estate notes - 2008 has the potential to be the year when you make your fortune.
However, what is the one hole in your business plan? What is the one weakness at the heart of all your investment strategies? What is your Achilles' Heal, the one thing you can barely admit to yourself, let alone other people?
I don't know you personally, but I can make a fair guess.
The one thing that is tripping over your real estate investment plans is that you simply can't find enough deals! And you can't find enough deals because you're not talking to enough motivated sellers, and that's because it's hard, time-consuming work. Am I right?
Well, I'm going to share a secret with you right now that the vast majority of real estate investors don't understand. Get this, and get it right, and you'll never be short of deals again.
The secret is this...
Your creative real estate investment strategies mean nothing without good marketing!
You see, you can have all the real estate investment knowledge in the world, but if you can't market effectively to find motivated sellers who are ready and willing to work a deal with you, then you have no way of turning all that knowledge into cold, hard cash.
Now, let me ask you a question.
Does good marketing mean...
* Scouring the newspapers every day for foreclosure notices?
* Buying foreclosure lists and working them, just like every other investor is doing?
* Making cold-calls to home-owners who may or may not be motivated sellers?
* Driving around the neighbourhood looking for foreclosure signs?
OK - they are slightly loaded questions, but you can see where this is going, right? If you do what everyone else does, you'll be forever operating in a crowded and competitive space, and finding the next deal is always going to be difficult and time-consuming.
Now, if you had to imagine a scenario that was significantly more profitable, that took a lot less work and stress, and that took away the problem of constantly going up against your competition, what might that look like?
Imagine, for example, that you had motivated sellers calling you. Every day. Wanting to talk to you about doing a deal on their home.
* One wants to sell their home to you and then rent it back
* Another just wants to sell and get out to avoid foreclosure.
* A third wants to sell fast, and is happy to carry paper on the deal.
All on one day!
How would this scenario transform your real estate investment activities? How would it transform your life if you never had to 'cold-call' anyone ever again, and as many deals as you can handle simply presented themselves to you, day in, day out, year in and year out?
Well, it's perfectly possible to achieve this exact scenario through clever, targeted direct marketing that is specifically designed to bring you a constant stream of motivated sellers, desperate to do a deal with you.
However, you need to forget anything you know about marketing in other businesses. Real estate is different because your customers are under stress a lot of the time, because you're providing a much-needed life-line in many cases, and because you're helping people through a difficult, traumatic phase of their lives.
What you need, then, above all, are three key elements.
1. Understanding. You need to fully understand the sellers' situation, in depth, and you need to show the seller that you do understand - preferably better than anyone else!
2. Compassion. Beyond understanding lies compassion. Where understanding is relatively cold and fact-based, compassion is that person-to-person connection that says, "I know what you're going through, and I'm here to help".
3. Integrity. Call them back within a reasonable time. Be on time for your meetings with them. Do what you say you're going to do, when you say you're going to do it. Be utterly straightforward and honest in all your dealings with all your customers, and you will be rewarded many times over.
(These three elements only apply to your customers, of course. Another huge benefit of having a systemized direct marketing system running 24 hours a day is that you have the luxury of picking and choosing your customers! If someone is difficult on the phone, or not motivated enough, or rude, or whatever, then you just move on. With a constant flow of prospects coming in, you don't need to take on 'problem cases' any more!)
You need to be marketing to people's emotions here. Show them that you understand the issues they're facing, and you assure them that you can lead them along a safe route through the chaos.
When your prospect trusts you, everything else becomes plain sailing.
And you can see how this is the complete opposite of what most investors do - cold-calling, being pushy, focusing on the deal rather than the person, on the cash for themselves rather than the outcome for the customer.
Distinguish yourself through your emotion-based, direct response marketing.
Have your marketing completely systemized so it runs 24/7 without too much input from you.
And that leaves you free to talk to prospects who really want to talk to you, and do the deals!
For a free report on getting a constant stream of motivated sellers to call you, go to http://www.maverick-investor.com/msm
- Related Videos
- Related Articles
- Ask / Related Q&A
- Central San Diego Real Estate Market - Mid Year Snapshot Of Median Prices (2006) - Single Family Homes
- How Real Estate Marketing Has Completely Changed in the Last Decade
- Money Making Real Estate Marketing Ideas
- Real Estate Marketing Slogans; a Brand of One
- Effective Real Estate Marketing Strategies
- Three Best Real Estate Marketing Tools In The World
- Technical Real Estate Marketing Tipps
- Real Estate Marketing Tools - 24/7 Lead Generators




5 Things You must have to succeed in Real Estate Wholesaling
By: Eddie Case | 03/01/2010Perhaps this is the reason why more and more people are succumbing to one of the most popular styles of Real Estate Investing – Real Estate Wholesaling. It is because in this business, there are no bosses to order the employees around. There are no deadlines to meet and no clutter of work do to. One only needs to be equipped with the tools needed to succeed in a business such as this, and he is bound to get what his heart ultimately desires.
The Benefits to Visitng and Living in Westby, Montana
By: Tony Mandarich | 03/01/2010Westby, Montana, is nestled in the extreme northeastern corner of the state. In its unique location on the combined border of Montana and North Dakota, you need only venture seven miles north to find your way to Canada. This area of the state is wheat and cattle county with gently...
All about Rent to Own Homes
By: Clint Jhonson | 03/01/2010Finding homes to rent is quite easy. And buying a home too can provide you with a wide selection to choose from. But you might find that rent to own homes are not always as easy to find. Nowadays you find more and more people looking for rent to own homes which are also known as lease to purchase homes which provide the person renting the home the choice of buying the home.
Placing a Bet on Dubai’s Revival
By: Daniel Marshel | 03/01/2010The chips are in and the stakes are hot. They should be, for in contention is one of the world’s most beloved cities-the emirate of Dubai. Just at the start of this week
Real Estate
By: Jordan Benson | 03/01/2010What is the first thing that comes to your mind when you think about Real Estate? May be land or buildings. To get things in perspective, this term means any piece of land and anything that’s on it - like, a house, or a building, the trees and all the air above the land!
Real Estate in all Inland Empire and Southern California Areas
By: Mikeal Whitemore | 02/01/2010In today's highly volatile and competitive real estate market, timing is everything. Many good homes in the Inland Empire and Southern California areas are sold before they are ever advertised. Beat other home buyers to the hottest new homes for sale with our New Listings Notification by Email. This feature is available to VIP Home Search members, who can set up their own home search to run automatically, daily or weekly, and get email alerts for newly listed homes matching their VIP home.
Detroit Area home prices up in Oct. for 5th straight gain
By: Tim Wilde | 02/01/2010Without adjusting for seasonal factors, the index was flat from September San Francisco and Detroit enjoyed the largest increases: Tampa and Chicago suffered the largest declines.
Come Out in the Open
By: Terry Smith | 02/01/2010Come out in the open and let the world know that you buy real estate. There are many ways to step up your marketing and let people know that you buy houses. It costs money to advertise. Learn all about cost effective marketing tools.
Forex Trading: Ten Ways to Lose Your Shirt!
By: Rob Best | 10/04/2008 | FinanceMaverick Investor reveals ten top ways to lose money as a currency trader. Each one is tried and tested, and has been thoroughly proven in hundreds of thousands of tests conducted by many thousands of traders over the years.
Covered Calls: Maverick Investor Says Motley Fool are Wrong!
By: Rob Best | 30/03/2008 | FinanceCovered calls are a superb way of making a steady 3% to 5% a month from the stock market. A piece on Motley Fool called "Stay Away From Covered Calls" by Dan Caplinger reveals how, sometimes, even the experts make mistakes. Mr Caplinger seems not to understand the power of covered calls. This article sets the record straight.
Everything You've Been Told About Investing is Wrong!
By: Rob Best | 05/03/2008 | FinanceThere ARE high yield, low risk investments out there, despite what the 'experts' might tell you. You DO have different investment options available to you - ones that are far more powerful than anything you get offered by your financial advisor, or that you see advertised in the media. Welcome to the world of the Maverick Investor!
Below Market Value Houses: How to Find Bmv Deals at Auction
By: Rob Best | 16/02/2008 | FinanceThe property market is getting more challenging for investors. It's now even more important to invest wisely - and that means buying below market value property only. Learn how to buy BMV properties from auction houses, without getting involved in competitive bidding, and without wasting time and money on properties you may lose to another investor.
A Killer Forex Strategy: Three Ways to Make Consistent Profits From the Forex Markets
By: Rob Best | 08/02/2008 | FinanceDo you dream of making consistent profits from the foreign exchange markets? It's a highly risky game that can strip the unwary of their cash in the blink of an eye! In fact, there are just three ways to significantly increase your forex profits. I reveal them all here, and discuss each one in detail.
The Biggest Stock Market Secret: Don't Place Another Trade Until you Understand This!
By: Rob Best | 05/02/2008 | InvestingThere's a big myth at the heart of the stock market, and 99% of traders have bought into it without ever really thinking about it. Here, we uncover the myth, reveal the secret, and show you how you can profit from it to a far greater extent than anything you're doing right now.
A Killer Forex Strategy: Three Ways to Turn yourself Into a Profitable Forex Trading Machine
By: Rob Best | 05/02/2008 | InvestingFifty percent of all forex traders lose money over the long term. Make sure you're in the fifty percent that MAKE money, consistently! The best foreign exchange traders have sophisticated software that gives them trade signals to enable them to develop a killer forex strategy. The only way you're going to make money from forex trading is to have access to this software. Two of the methods I'll share with you give you indirect access. One gives you direct access. Take your pick!