Saturday, February 15, 2020

🔥 How a Work-From-Home Mom Bought 78 Rentals

Announcing New Panelist Katy Klesitz!

How a Work-From-Home Mom Bought 78 Out-of-State Single-Family Rentals in the Midwest



Get your early bird $299 discount ticket right now.

Real estate colleagues,

We're excited to announce a new panelist for our investor session Katy Klesitz!

Katy will share how to start a single-family rental investment division to your traditional real estate business so you build long-term wealth and passive income in real estate.

Get your early bird $299 discount ticket right now.

With a 5-year old and a 3-year old at home, Katy wanted to get back to work last summer after five years away from the workforce.

Katy decided to start buying below market, off-market single-family homes out-of-state.

Katy did the following…

  • Lined up hard money lenders at 1-2 points and 9% annual interest to buy homes all cash
  • Lined up private money relationships with real estate syndicators for short-term funds, too
  • Built deep relationships with local banks who will refinance at 80% of the appraised value
  • Got a list of distressed properties and homes below the median price in the affordable midwest
  • Sent them letters, hired telemarketers, and ran a catchy Facebook ad to generate seller leads
  • Hired $4/hr talent overseas to answer the phone and set appointments with those warm leads
  • Hired hourly W-2 acquisitions specialists to go on the appointment to help her make an offer
  • Built a buyer's list to wholesale any properties that didn't fit her model for a quick cash infusion
  • Found a reliable general contractor to handle all the property improvements
  • Hired a property manager to rent the homes for 1% a month of what the home cost ($100,000 home rents for $1,000 a month)

In only the past 7 months since she started all this, she grew her portfolio from 15 single-family rentals to 93 single-family rental homes! You read that right. A big jump was with a package of 61 homes she bought all at once with the help of a real estate syndicate for the down payment.

Katy did all this without any money out of her own pocket. She did, however, use savings she built up to buy the marketing necessary to get the phone to ring. Her marketing budget was paid back quickly, however, from the cash-out refinance when the property is all fixed up and rented.

Katy buys homes for a 50-70% discount to market value using the BRRRR method (Buy, Repair, Rent, Refinance, and Repeat). These are homes that need work and the seller must sell right now, nor do they want to put their home on the traditional market.


Katy now collects nearly $1 million a year in rent. When her loans are paid off in 15-20 years, it's very likely she will be able to pull out $600,000 in profits after repairs, vacancy, taxes, management, and insurance expenses (costs are about 40% of revenue). This assumes zero appreciation or rent increases. How amazing is this? I'm in!

She has also started buying in Tulsa, Jacksonville, Salt Lake, Lincoln, Greenville, Myrtle Beach, Nashville, and Waco. She has taken her lead generation, conversion, and acquisition systems into new markets with equity business partners, the modern-day "expansion" for investment.

Fred and I partnered with her to buy a few rental properties of our own in Tulsa. We're closing on two right now, in fact.


I share all this with you because this is pretty incredible. Katy is not a licensed real estate agent. She lives in San Diego, CA and is buying home site unseen in the midwest. She got this all going in just a few months. There's an incredible story here and we're excited to share it with you. We all need to think about how to adjust our businesses for a coming real estate correction because the price can't keep going up like this forever, and how to get off the transaction treadmill of real estate commissions to building real estate wealth.

Katy will be at the event and will have time to answer any of your questions. She will also do a break-out if there's demand for those of you who want to go deeper on her strategy.


Please buy your ticket now to come to Next Level Agents Live 2020

It's only $299 until (2/29/20) when prices go up. The event is April 23rd-25th in Scottsdale, Arizona. We have a killer line up of speakers here for you, including Mark Willis the former CEO of Keller Williams.

Don't delay. This is going to be one of, if not THE, best real estate conference of the year.

See you here!

Kevin

P.S. A big topic at our event is reconnecting and working your database to get listings. If you haven't had a chance yet, please check out the video marketing plan on the homepage of Vyral Marketing's website. We're customers, and if you don't have a consistent touch plan in place for your database (ideally with video so people can see and connect with you), you're missing out on business. Frank the CEO is speaking on this topic and he will share what's working for us so you can model and copy it. Please make sure to see what they are up to….

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Thursday, February 13, 2020

Brave Browser the Best privacy-focused Browser of 2020



Out of all the privacy-focused products and apps available on the market, Brave has been voted the best. Other winners of Product Hunt's Golden Kitty awards showed that there was a huge interest in privacy-enhancing products and apps such as chats, maps, and other collaboration tools.

An extremely productive year for Brave

Last year has been a pivotal one for the crypto industry, but few companies managed to see the kind of success Brave did. Almost every day of the year has been packed witch action, as the company managed to officially launch its browser, get its Basic Attention Token out, and onboard hundreds of thousands of verified publishers on its rewards platform.

Luckily, the effort Brave has been putting into its product hasn't gone unnoticed.

The company's revolutionary browser has been voted the best privacy-focused product of 2019, for which it received a Golden Kitty award. The awards, hosted by Product Hunt, were given to the most popular products across 23 different product categories.

Ryan Hoover, the founder of Product Hunt said:

"Our annual Golden Kitty awards celebrate all the great products that makers have launched throughout the year"

Brave's win is important for the company—with this year seeing the most user votes ever, it's a clear indicator of the browser's rapidly rising popularity.

Privacy and blockchain are the strongest forces in tech right now

If reaching 10 million monthly active users in December was Brave's crown achievement, then the Product Hunt award was the cherry on top.

The recognition Brave got from Product Hunt users shows that a market for privacy-focused apps is thriving. All of the apps and products that got a Golden Kitty award from Product Hunt users focused heavily on data protection. Everything from automatic investment apps and remote collaboration tools to smart home products emphasized their privacy.

AI and machine learning rose as another note-worthy trend, but blockchain seemed to be the most dominating force in app development. Blockchain-based messaging apps and maps were hugely popular with Product Hunt users, who seem to value innovation and security.

For those users, Brave is a perfect platform. The company's research and development team has recently debuted its privacy-preserving distributed VPN, which could potentially bring even more security to the user than its already existing Tor extension.

Brave's effort to revolutionize the advertising industry has also been recognized by some of the biggest names in publishing—major publications such as The Washington Post, The Guardian, NDTV, NPR, and Qz have all joined the platform. Some of the highest-ranking websites in the world, including Wikipedia, WikiHow, Vimeo, Internet Archive, and DuckDuckGo, are also among Brave's 390,000 verified publishers.

Earn Basic Attention Token (BAT) with Brave Web Browser

Try Brave Browser

Get $5 in free BAT to donate to the websites of your choice.

Wednesday, February 12, 2020

"Bulletproof CMA" Replay (.mp4)

How do you CMA?

See if this sounds familiar...

-Pull 3-4 active comps
-Add 3-4 closed comps
-Throw out any "outliers"
-Take an average

If the answer doesn't seem right, ignore it and make up something better. 😂

This is how most agents do CMAs, although few will admit it.

But the fact is, it sucks.

Yesterday, for the first time ever, I shared my Bulletproof CMA method.

We had 75 seats on this webinar. At 12pm 200+ agents showed up. 😳

But we made it work, and it was AWESOME.

Here's the replay link if you missed it or want to watch it again...

-> Bulletproof CMA - Webinar Replay (.mp4)
Downloads include CMA calc + appreciation calc + seller conversion script

Watch it now, because I will be taking the workshop down in 48hrs.

Here's what's in this workshop:

  • The ultimate CMA in <15min
  • How I get multiple CMA requests per week (easy)
  • Creating an evergreen system that brings you listing appointments
  • + 2 calculators
  • + 1 script

One important concept I explain in this workshop is how to take listings from buyer leads. Yes, you read that right. From buyer leads.

Remember, roughly half of buyers will be putting their current home up for sale in the next 90 days. It's your job to figure out which half.

The easiest way to flush them out is to bribe them with the Bulletproof CMA.

I explain everything in the workshop. And at the end I show you how my team uses Pipeline Pro Tools to create a consistent stream of seller leads.

Are you interested in Pro Tools but are still on the fence or have more questions? Book a demo.

If you book a demo, we'll give you a free download of our #1 lead generation playbook after it's over (no obligation).

Plus, although our special deal on Pro Tools ends today, if you book a demo by 6pm, we'll happily extend the deal through the day/time of your demo :) so you can give due consideration to the investment.

Here's the direct link to book a demo -> http://www.calendly.com/guerilla-realty/web-demo

All the best,

-Chris Jones

Tuesday, February 11, 2020

My CMA method (going live now)

I get lots requests for training.

But there's 1 topic that is requested, by far, more than any other.

Agents want to see my CMA method...

So I'm going live now to share my simple process & how you can use it to attract 1-2 solid listing appointments per week.

Here's the link to join -> https://zoom.us/j/222642494

I'm giving away my CMA calculator, appreciation calculator, and 1 playbook for generating free listing leads.

Join to get the downloads.

Training starts now.

See you there!

-Chris Jones

CMA Calculator (.xls)

Ever get a nervous feeling while performing a CMA?

A feeling that something's not quite right, but you're not sure what?

Ever get to the end and think "Hmm...that can't be right." And then start all over??

Welcome to the club. This was me my first 3 years in real estate.

I had a pretty good "feel" for pricing. So I would do a standard CMA, just like your broker teaches. Then if the number felt too low or too high, I would adjust the comps until it felt just right.

This is what most listing agents do, but few will admit it.

Deep down I knew there had to be a better way, so I determined to find it.

I went back to my college statistics class. I studied virtually every valuation method known to man, including the "Zestimate" (full of flaws).

After about a year, I developed a bulletproof CMA formula that will yield a trustworthy valuation every time. And I built it into a calculator.

Want the method + calculator?

That's what I am going to help you with today. :)

At 12pm I'm doing a free workshop called Bulletproof CMA

During which I'll let you download my 50-point CMA calculator.

This is my #1 most requested training topic, and this is the first time I have ever taught it live.

Tues, Feb 11 @ 12:00pm Eastern

>>> ONE-CLICK REGISTER HERE <<<

Then you can enter your mobile number for an SMS reminder before we go live.

Here's what you'll get out of it...
  • The ultimate CMA in <15min
  • How I get multiple CMA requests per week (easy)
  • Creating an evergreen system that brings you listing appointments
  • + 2 calculators
  • + 1 script

There's a 75-seat max, so you have to register. If you want the playbooks but can't attend live, register anyway and I'll send you the replay + all the downloads after it's over.

However, you'll want to attend live if you can, because we are giving away something extra that will not be available on the replay. Sorry!

Register Me Now!

See you soon.

-Chris Jones