The whole world is undergoing unprecedented changes in the wake of COVID-19, and the real estate industry is certainly feeling the immediate effects. In light of such enormous changes, it might seem unwise to continue implementing our prior strategies.
We can use this time to reconsider and shift our systems, while staying active and engaged. There are actually still opportunities available for investors, so this isn’t the time to be sitting on the sidelines.
While the Coronavirus is certainly a devastating blow to us all, there is a chance for us to move into a better future. We just have to be willing to keep pushing forward during this time.
In this episode, I share my thoughts on the future of real estate investing with Jay Conner, host of the ‘Real Estate Investing’ Podcast.
Following up with existing leads is a great idea, especially during this time.
Watch the Full Episode Here:
3 Things We Learned
- Why we shouldn’t use this time to stop operating our businesses
A lot our competitors are using this time to freeze and halt their operations. This gives active investors an opportunity to take advantage of the sudden pause. Now is not the time to watch from the sidelines.
- The importance of lead follow up right now
When contacting leads, be sure to start with the oldest ones. 80% of profit comes from between the 5th and 12th interaction with a client – so don’t be afraid to reach out to people who initially said they weren’t interested in selling.
- Why we need to consider wholesale
Instead of holding onto tons of properties, focus on keeping only those that offer huge renting opportunities. Now is a great time to start wholesaling properties.
Jay Conner is a real estate investor and President of The Private Money Authority. WIthout using his own money or credit, Jay has mastered the art of using creative methods to buy and sell properties.
For the past 6 years, Jay has been mentoring real estate investing students across the US and Canada. He is also passionate about helping investors take their business to the next level through The Private Money Academy.
Jay is the host of the Real Estate Investing with Jay Conner, the Private Money Guy podcast
To find out more about Jay, head to www.jayconner.com
To take advantage of the Free Gifts mentioned on this episode,
Text 925 320 3080 with your name and ‘Jay’
And go to facebook.com/groups/reibeacon
Join our Facebook group Real Estate Investor Beacon, which we created to navigate investing during the Covid-19 Epidemic.
Ready to discover the power of a 40 person marketing & sales team…WITHOUT having to hire a single person? To learn more, hear what members are saying, and see if you’re qualified, visit RealEstateInvestor.com.