Today, we will learn about the driving for dollars technique and why is it so effective. We’ll also learn about the five around technique and code violations, and why they can be your best friends to produce more deals. Join our guest Lamar Jones, and find out how to get out of the rat race and stop living check to check. Tune in and discover why real estate is a number game, and what YOU can do to beat the odds!
Lamar’s goal is to be able to find financial stability and provide for future generations to come. Since starting out just a month ago, he’s already found a few deals that appeal to him, however, he hasn’t managed to close on any of them. Ryan will share tips on increasing his turns at bat so he can start swinging, and how to target his marketing efforts to the right people.
Lamar’s background:
- A former sales manager at Verizon Wireless who recently got laid off.
- Currently in-between jobs, but looking forward to a position in T. Rowe Price.
- Lamar’s WHY? Finding his own means and not depending on a company’s budget.
- A novice in real estate investing.
- Lamar’s partnering and has the capital to put cash up-front.
Podcast summary:
- 09:46 - Why you shouldn’t quit your day job to start venturing out on the real estate.
- 11:31 - How to get in the market by wholesaling and the transition to turn your active income into passive income.
- 15:45 - The first deal is always the hardest and getting it done within 120 days with the Next Deal Blueprint.
- 17:43 - Why motivation, equity or terms is what’s needed to make a deal happen.
- 22:29 - Leave the banks out of the equation and set your own paying terms… without interest!
- 27:36 - How Lamar is finding properties and getting leads and the results he’s been experiencing so far.
- 32:21 - Driving for dollars and looking out for code violations and evictions
- 37:36 - Making the move on properties that are listed for rent by owners.
- 39:37 - Why real estate is a numbers game and why doing things in volume pays out
- 46:13 - What is the “five around” technique and how to implement that into your driving for dollars strategy.
- 48:38 - What happened with the deals Lamar couldn’t close and why getting more turns at bat is essential.
Resources:
Trulia: Real Estate Listings, Homes For Sale, Housing Dat
Mojo Dialer - Dialer for Salespeople by Salespeople
Want to learn more?
Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.
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