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Posted by: Zee 10/04/2005, 01:14:33 Edit |
I just got started in a program that's around 95% automated, and have a question. I advertise "We'll pay 100% of your asking price", or "I'll pay 90% of your asking price". People are easily driven to a website, www.fullpricehomeoffer.com or www.sell90.com , and the system automatically explains itself to them, then makes them offers by e-mail , follows up by e-mail every 3 days until they reply, and then sends them the contracts... all on auto-pilot. I may not even talk to them until they've agreed to my terms, lol. SO... here's my question.... Because I use that "line" (100% of asking price) in my ads, I can literally make dozens of offers a week to almost ANY type of seller... they don't have to be desperate anymore. Because of this, I can step up my marketing machine and get lots and lots of leads, but with smaller profit margins... $4000 - $6000 - $10,000, etc etc.
What would you guys do? Since it's so "hands off", should I take everything I can get, or should I not work as hard and take only the 90% deals and the "better" 100% ones? One big difference, is the 90% deals are all "cashed out" within 60 days or less, so I'm walking away from those with a check. The 100% deals are more of a "buy and hold" type of transaction, so although I pay more, I may make more $ in the long run.
What would you do? Do you have to have a "minimum" amount of profit in a deal before you'll take it on, even if you know you'll still make $ and have partners to walk you through each deal a step at a time? Z |
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