Just about everyone is talking about how now is a great time to invest in real estate … IF you know what you’re doing. Even I have wondered from time to time – and I’ve been in this business for decades – what’s that supposed to mean?
While successful real estate entrepreneurs always exude self-confidence, the folks who make the most money in this business always are those who keep an open mind and a critical eye on new, innovative investing strategies, techniques and tools.
A Success Story you Can Apply to your Business
Tim Mai is a perfect example of someone who grasps the amazing opportunities to build wealth in our business. With a little more than six years’ experience in real estate investing, Tim has become a millionaire and a leading innovator in the business.
Mark my words: You’ll soon be hearing a lot more about Tim Mai. His new series of Virtual Vesting videos is generating a lot of buzz for a couple of reasons: Each video is short, sweet and one of my favorites explains how you can use virtual assistants like plumbers — to do all the busy work that clogs your pipeline. Once you’ve got your automated tasks flowing, you can finally concentrate on finding, flipping and making a fortune in real estate.
Virtual Vesting Offers Real World, Scalable Solutions
While a lot of people have been throwing around the term “virtual investing,” Tim has been busy designing new ways to leverage scalable 2.0 technologies in your real estate business, not to raise costs, but to actually make these tools more affordable in your business.
Too Good to be True?
You may be wondering: How valuable could this information be if Tim is willing to give it away for free? The answer to this astute question is, as usual, in the fine print.
Tim is not exactly giving away his Virtual Vesting secrets for free. Tim is donating this information to the real estate community to drum up interest and funding for one of his favorite charities.
Help Others Help Themselves While you Learn
For every person who watches this video, signs up and watches more free videos in this brief series, there is a bonus: Tim has pledged to donate $1 to the Fuller Center for Housing, a non-profit organization created by Habitat for Humanity founder Millard Fuller to build and rehab homes for families – and neighborhoods in need.
Practicing what he Preaches
Tim is aiming to raise $30,000 for this great organization by leveraging his Virtual Vesting strategies online for free. If you understand this brilliant concept, you’re well on the road to grasping the immense power of Virtual Vesting to transform your business with a cash infusion that you don’t even have to be a Wall Street bank to receive.
Outsource your way to Financial Freedom
Raising profits in your business starts with automation and delegation. In some of the videos in his Virtual Vesting series, Tim focuses on how you can harness the mighty force of virtual assistants and outsource just about every repetitive, time-consuming and tedious task in your business. But first, you have to ask yourself a few questions.
Take an Inventory and Make your Move
“Look at your business,” Tim advises. “Find all the things that you don’t like to do: Delegate everything you don’t want to do to your virtual assistant! In my case, because my virtual assistants are in another country, an added advantage is that they can never learn the business and become my competition.”
Get your Pipeline Flowing with Leads
Tim has got his strategy so nailed in this arena that he doesn’t even have to show up for his own closings. Everything about finding buyers and sellers can be done online using Virtual Vesting’s bulletproof strategies and techniques. Check out how you can apply these concepts directly to crafting the deals that’ll fuel your business growth:
Attract Sellers with Virtual Assistants
Here are some of the tasks where you can deploy virtual assistants to get the ball rolling with solid seller prospects:
- Use virtual assistants to drum up seller leads on the Internet according to your specifications, and then:
- Virtual assistants can screen your leads so you get only the deals you want to make.
- Virtual assistants can perform all of your initial communications and then complete and organize all your paperwork.
- Virtual assistants also can use Web resources to run comparables and do other painstaking research tasks as you see fit – all in the name of saving you time and money.
You can even deploy your virtual assistants to assess seller motivation for you so all that’s left is the deal you want to make. They mine the seller data you need and get a handle on the seller’s motivation level, so that you can negotiate price and other fundamentals on your own terms.
Here are a few of the sample questions Tim directs his virtual assistants ask sellers:
- What’s your home worth?
- What do you owe on it?
- Would you sell your home for what you owe on it?
Tim uses his virtual assistants to remove him from the process until all of the intelligence he desires has been gathered and organized and his participation is needed to complete the deals.
Virtual Assistants Save Time with Buyers
It is amazing to see first-hand how Tim’s seamless and intuitive uses of virtual assistants to handle sellers also can be applied to dealing with buyers. Using virtual assistants to pre-screen your buyers for example, is a great way to get the information that you need to make your deal — without having to show anyone the hand you’re playing in the game.
Virtual Assistants Tackle Buyer Assessment and More
Here is how virtual assistants can help you find and identify the buyers who will boost your bottom line:
- Have your virtual assistant administer qualification assessment questions for to determine the best deal structure for any buyer.
- Your virtual assistant also can arrange virtual property showings, handle your negotiations and even get your units shown and rented, if you’re in the landlord game.
Leave the Paper Chase to the Help
In dealing with both sellers and buyers, your virtual assistant can save you an amazing amount of time and headaches by writing your contracts, assignments and other paperwork. The way Tim has structured this system, you won’t ever have to go to another closing if you don’t want to.
For a pittance compared to the money your business looses when you waste your time trying to do all of this yourself, you can get virtual assistants who are happy to do your most dreaded chores. Here are some more tasks that Tim suggests you outsource to a virtual assistant:
- Screening phone calls and email communications,
- Performing Internet research, data entry and even Web site maintenance,
- Skip tracing,
- Posting properties for sale to Web sites,
- Promoting for-sale properties to buyers and following up on the desired leads,
- Building and keeping a buyers list and
- Researching buyer leads in Internet forums.
Virtual Vesting Cures Procrastination
I’ve talked to thousands of real estate entrepreneurs over the years, and one of the main challenges we all face is the procrastination that comes with having too much busywork and not enough time in a day to get it all done. When you remove these clogs from your pipeline, the money flows freely, you get the peace of mind that comes with knowing that the work is getting done and can finally relax and watch your business grow.
To check out all of the distinctly different, yet always intriguing free videos in Tim’s VIrtual Vesting series follow this link. I urge you to support your REI knowledge base and the Fuller Center by signing up to view the entire series.
Soon, I’ll be making another post about Tim’s latest video, scheduled for release on Tuesday, so stay tuned!
