Looking for your first deal? Want to increase the flow of your deals? In this episode of Grab the Map, Johnoson Crutchfield dives into the art of finding the right deals. Whether you're a newcomer eager to land your first deal or a seasoned investor aiming to boost your deal flow, this episode is packed with strategies to help you succeed. Let's explore the importance of fishing in the right pond, maximizing ROI through distressed properties, and aligning your strategy with your passion.
[0:58] For the past month, Johnoson has talked to people looking to find their first deal or wanting to increase the flow of their deals. This gives him the idea of sharing his strategy to successfully find and close deals.
[02:00] To succeed in finding deals, focus on where you're looking. Whether you're experienced or just starting, the key is choosing the right place to search for opportunities. With various methods available, you can explore different avenues to discover valuable deals.
[2:17] If you want to make a quick $500 to $1,000 with minimal effort, consider checking the MLS or posting in Facebook groups to find opportunities. In some competitive markets, listing anything for sale can attract buyers willing to pay extra, providing a potential quick profit.
[3:45] The first component in fishing in the right pond for those aiming at substantial growth and scale is investing most of your efforts in distressed scenarios.
[4:28] Focus on distressed properties that offer significant value compared to their potential worth. Look for properties that are undervalued to maximize your potential return on investment. This strategy is crucial for increasing deal flow and achieving success in real estate.
[6:18] In the right pond, your strategy, in other words, your bait, must align with your passion and belief in yourself. Whether it's direct mail, cold calling, door knocking, or text messaging, choose a natural and enjoyable method.
[7:09] For Johnoson, his best bait is the relationship approach, where he connects with people, checks in on them, and discusses anything, including potential deals. His strategy is spending time on the phone, building connections, and showing genuine interest in others.
[7:53] In conclusion, just make sure you are fishing in the right pond if you want to find deals.
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If you are interested in investing in real estate and making connections, shoot an email to [email protected]. Visit our website at https://grabthemap.com/