Day 10: Got the second house – more than $10,000 in the deal

by neckontheline on October 8, 2009

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Part 1: Here’s how to turn 30 prospects into 3,000!

First things first. We have to get our mind and body right!

Yesterday, we talked with investors at the TRIAD REIA Group (http://www.triadreia.org/) about finding buyers for Torrey’s new house.

This is important: Let other investors help you sell your properties. Although there were only 30 people in the room, we gave them all the info they need about the property in print and electronically so they can share it with Realtors, mortgage brokers, other investors and they can post it on MySpace, Twitter, Linked-In, Facebook, etc. All of a sudden 30 prospects turned into 3,000!

Part 2: So why is taking us so long to get that 2nd house?

You may remember we bought our first house with just $10 within 24 hours of arriving. But we want to be more strategic about the second house we buy. The idea is to drive traffic to the first house and also drive traffic to a second house nearby so we get more bang for our marketing bucks!

Plus, this strategy will help Torrey create a long-term business in which he’s generating more than $100,000 a year. Do you like that sound of that? This is a strategy I’ve used for years and one you should consider to take your business to the next level!

Part 3: Breaking down a deal – here’s how to do it

While working the phones, I found 2 deals that we’re pursuing. One maybe a rental opportunity to create some cash flow and the other is a townhouse we may buy. See for yourself how I analyze these deals.

Part 4: We got the deal! We’ve got house #2!!

LAST CHANCE TO SAVE BIG: Our special discount ends TODAY for the Creative Investing & Wholesaling Seminar: Get the Results You Need to Take Control of Your Money, Your Time & Your Life! Go here right now to get all the details.

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{ 8 comments… read them below or add one }

Carrie DeLove October 10, 2009 at 8:36 pm

You are a winner Torrey, okay so I can only say Hey! Cause Hey !

leon October 9, 2009 at 12:44 pm

Torrey, keep up the good work “cause hey” you will get that ten grand!

Miguel Sanders October 9, 2009 at 12:59 am

Torrey, I think the information on this video is very valuable. Jason and you explained this step perfectly. I learned alot in regards to this step and you know how long I have been in the game. Jason your methods are awesome! Keep up the good work Torrey. Your partner and friend,
Miguel Sanders…

yolanda October 8, 2009 at 5:53 pm

JASON AND TORREY……..Today’s video was totally the extreme!…….It was great hearing the steps to your success. You made the old saying and maybe a little changed but you get the idea…. “You can give someone fish to eat today but if you teach him how to fish he can eat forever!!!!! Much success and glory to God for his allowance……

Polcat October 8, 2009 at 3:03 pm

Torrey, keep up the good work “cause hey” you will get that ten grand!

Marlon Cadenas October 8, 2009 at 2:14 pm

Dear Jason and Torrey,

You guys are doing phenomenal!!! Congratulations!!!
Watching you going through this challenge has really motivated me to go out and challenge my self to do the same.

Thank you and I can’t wait for the next videos,

Marlon Cadenas

Anna October 8, 2009 at 12:43 pm

Hi Jason! Good stuff out there – high drama. Where I got stuck was finding “qualified buyers” quickly in the high priced Hawaii market. I know networking and marketing is the key and time makes those stronger…being that this location is ‘new’ and Torrey is just starting as I was, I am hanging on every minute to see him find that end buyer and close the deal. Work hard and keep getting up Torrey – you have a Master by your side! I am rooting for you guys!

Anna

Maria Sanchez October 8, 2009 at 11:34 am

Dear Son,
I have been watching this Extreme Challenge and I am so proud of you and your success. God has really showed off leading you to show others how they too can become successful. Wow, this is the man who was a little boy who had big dreams at an early age. And I’m so happy that you can share it with others.

God bless you from head to toes. Continue your good work. I love you forever. Hopefully, I can soon attend one of your seminars.

Love always,
Mom

PS Kisses and hugs for my girls.

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