John Graham Shares his Daily Structure for Flipping Over 20 Houses Monthly / Michigan REIA
John Graham shares his daily structure for flipping over 20 houses monthly, emphasizing the importance of prospecting. He prepares meals, organizes appointments via text, and researches properties late at night. Graham stresses the need for efficiency and communication with wholesalers and agents to maintain a successful real estate business.
Highlights:
01:10 Effective time management is crucial for success in house flipping. By structuring daily activities and prioritizing prospecting, individuals can maximize their productivity and achieve their goals.
-Prospecting should take up 80% of your workday. This focus allows for better opportunities in finding houses to flip or wholesale, enhancing overall business success.
-Meal preparation is an essential part of time management. By preparing meals in advance, one can eliminate distractions and stay focused on business tasks throughout the day.
-Utilizing technology like text messaging can streamline communication. This approach simplifies appointment scheduling and keeps all business-related information organized in one place.
08:04 Effective communication and organization are crucial when dealing with property transactions. Responding promptly to potential sellers maintains relationships and ensures access to valuable property opportunities.
-Maintaining constant contact with property sellers is vital to avoid missing out on potential deals. This approach helps build trust and keeps you informed about their future offerings.
-Utilizing strategic timing for property searches maximizes efficiency. Conducting searches during late hours allows for a comprehensive review of the latest listings without interruptions.
-Analyzing properties based on key factors like price and location is essential for identifying good deals. Understanding local market conditions enables quicker and more informed decision-making.
16:10 Effective scheduling and organization are crucial for productivity. By preparing a detailed agenda and utilizing tools, one can ease anxiety and enhance focus on daily tasks.
-A well-structured agenda prevents nightly anxiety about the upcoming day. By having everything written down, one can relax and improve sleep quality without worrying about tasks.
-Using technology, like email and apps, helps streamline tasks and keeps everything organized. This can significantly reduce stress and improve efficiency in managing a busy schedule.
-The importance of knowing the after repaired value when flipping houses cannot be overstated. This knowledge provides a clear understanding of potential profits and investment decisions.
24:14 Investing in smaller properties can yield higher returns with lower risks compared to larger investments. This approach allows greater flexibility and quicker sales to first-time homebuyers.
-First-time homebuyers make up a significant portion of the market, often exceeding 60%. Targeting homes suitable for this demographic increases chances of selling and flipping properties successfully.
-Building a reliable network of wholesalers enhances opportunities for acquiring properties. Quick communication and responsiveness can lead to exclusive deals and timely purchases.
-Maintaining organization and preparation in daily activities is essential for success in real estate. This enables efficient scheduling and quick responses to potential deals.
32:17 A structured work routine allows for effective management of real estate tasks throughout the day. Despite the challenges, the speaker enjoys engaging with clients and the real estate market.
-The speaker emphasizes the importance of time management and structure in maintaining productivity. This routine enables them to balance various tasks efficiently.
-Client interaction can be demanding, particularly in the real estate field. The speaker prefers to work independently to maintain control over their business and schedule.
-When flipping homes, the speaker looks for specific financial metrics and property conditions. A typical scenario involves purchasing, renovating, and selling for a profit within a set timeframe.
40:23 Starting from scratch in real estate requires knowledge and dedication. To succeed, one must learn the basics of property evaluation, renovations, and financing options effectively.
-Understanding property evaluation is crucial when entering real estate. Knowing how to assess a property's value helps in making informed investment decisions.
-Networking with real estate agents can provide valuable opportunities. Building relationships with agents can lead to finding great deals and learning about the market.
Смотрите видео John Graham Shares his Daily Structure for Flipping Over 20 Houses Monthly / Michigan REIA онлайн без регистрации, длительностью часов минут секунд в хорошем качестве. Это видео добавил пользователь National Real Estate Network / Mark Maupin 18 Сентябрь 2024, не забудьте поделиться им ссылкой с друзьями и знакомыми, на нашем сайте его посмотрели 1,12 раз и оно понравилось 3 людям.