As many of you know, (those who have been reading this blog or following me on Facebook), our family is spending the summer living in Bocas Del Toro, Panama.
Our plan is to be here until the end of August, but to continue to run our real estate investing business as if we were still living in San Diego. While this might seem like a daunting task for some (living in Central America and still closing deals in the USA), after a few short days I’ve figured out the key tools that anyone needs to do this successful.
This is by no means a complete list, but it’s what I planned for when I left, and so far, is proving to be accurate:
1. High Speed Internet
This might sound obvious, but running your business internationally absolutely requires high speed internet. I found this out the hard way in Greece during a 2008 trip: the internet was painfully slow (think 1990s dial up) which made for unproductive business time, and a grumpy business owner (just ask Dreama, my wife). Now when you’re heading to an international destination, you can’t always be assured of high speed internet quality, but as the world develops, even here in Panama, we’ve found the internet to be very fast. Fast internet then sets you up to use my next essential tool, which is:
2. Vonage
I’ve been using Vonage for nearly 6 years now, because it gives me unlimited long distance calling to anywhere in the USA & Canada, plus over 100 other countries. But the best part about vonage is that I can bring my adapter and a phone with me, and use my phone just as if I were in the USA. This means that people in the USA can reach me just by dialing my old phone number, and I don’t have to pay long distance to call them! The quality is awesome, and it makes it really easy for friends and business people to keep in touch with us while we’re abroad (they never have to dial internationally!)
3. Skype
I used to absolutely loathe skype, but now I find it an outstanding tool to use to keep in touch with employees, contractors and our interns. We can chat (think: IM), speak by voice, or even do video calls. I listed Vonage ahead of Skype because Skype only works if the other party has the app installed.
4. Docusign
Docusign is a great technology that allows you to sign things with the click of a mouse! In other words, no need to lug a printer, scanner or fax maching abroad, or track one down while you’re traveling. Simply create a free account, and sign documents digitally! They also have some great apps, including one for Microsoft Outlook and another for the iPhone and Android mobile devices.
5. A Great Business Partner
While this is for certain the most important “tool”, it’s not something that you can just buy or download. You actually have to spend time cultivating a great relationship and being able to implicitly trust that person while you’re away. Fortunately I found such a great partner in San Diego that I’m able to this, and with the technology I listed above, we can do pretty much everything we normally do when I’m in San Diego. The Panama trip is actually great practice for when I’ll be back in Vancouver continuing to run our real estate investing business in San Diego.
One final tool is to also make sure that you have a great support/administrative staff in place. If you’re just getting started, or you’re worried that you won’t have enough work to assign a full time (or even regular part time) employee, maybe you should consider getting a virtual assistant. If you’re interested, here’s a webinar we recently hosted in our other business revealing how any business owner (or real estate investor) can get a virtual assistant and get their first 40 hours of work done FOR FREE!
That’s all for now. I’ll try to post more often, but I’m excited that within our first 2 weeks of arrival we will have sold one property (estimated net profit around $42,000) and acquired another one.
Just over a week ago I wrote a blog post talking about our big move out of San Diego, and how we’ll be spending the summer in Panama. In that post I wrote:
It’s going to be an amazing experience that I feel very fortunate and blessed to be able to undertake. One of the main reasons I am even able to do this big adventure is because of our real estate investing business, and the way in which we’ve structured it.
I plan to share with you in an upcoming post how we’re investing right now, what we’re doing, and why I believe that it’s the most profitable, most sustainable type of real estate investing there is.
Well, this type of investing just allowed me to pick up this check earlier today:
Now before you read any further, I want to remind you: the purpose of me posting this check is:
To show you that I’m actually DOING DEALS right now (check the date on the check)
To prove to you that when I offer advice, I actually do know what I’m talking about
That this check came from what I wrote about above (the most profitable, most sustainable type of real estate investing there is.)
It all comes down to buying undervalued, old homes, fixing them up, and flipping them for a profit! This model represents the majority of the deals that we’re doing today, and we love these deals because:
People (the buyers and the neighbors) see us as “heroes” because we’re taking dumpy old homes and turning them into beautiful new projects
We sell these houses QUICKLY. The reason is that we price them well, and the homeowner knows that they can “move in” and not have to spend weeks or months “fixing up” their new home
Wholesalers like to bring deals to US (instead of having to try and find a buyer for a wholesale deal and only make a couple of thousand dollars)
The profit margins on these are the biggest (much bigger than wholesaling, or any other strategy)
As long as we live in houses, there are people who are always going to let property become run down, and ignore them. There’s homes like this everywhere…you just need to look for them (or have other people bring them to you).
How To Start Closing Deals Like This
So what do you need to start doing these types of deals? Well, we’re all different (in terms of our investing experience and knowledge), but when you boil it down, to successfully buy, fix and flip you really need two main things.
The first is a knowledge of home repair, general contractors, etc. You need to be able to quickly walk into a property, know how much it’s going to cost to fix it up, what the ARV (After Repair Value) is, and then estimate your profits. While I’m terrible at most of these things, my business partner Miguel, fortunately, is excellent at them.
The second thing you need is the money to do the deals! The best way to structure these types of deals is to buy them using private money. Private money is NOT hard money, but instead is a private loan from an individual looking to lend money. That, and you need the ability to be a good negotiator. Fortunately, raising private money and negotiation are two of my strong suits, so my business partner Miguel and I literally do make a really good team.
Hopefully the check in this post inspires you. Now granted, not all of that is mine. Half of the net profit belongs to Miguel, and there’s about another $10,000 or so in costs no associated with that. But we’ve each made more than $70,000 on this deal.
My Advice To You Moving Forward
If you’re interested in picking up big checks in real estate, you’re going to have to work on a couple of things. The first is to find someone you can partner with who can help with the renovation work. If that’s you, then congratulations, you’re one step ahead of everyone else. But if that’s not you, I would encourage you to find a business partner who IS good at that. It could be as easy as finding a handy man or a contractor who’s interested in doing deals as well.
The next thing you’ll need to do is to start raising private money. This is completely correlated to networking and hustling, which is something that ANYONE can do. If you’re looking for some ideas, I’m actually hosting a webinar about raising private money this Thursday, April 19th at 6pm PST/9pm EST. I’m not doing the teaching, but a friend of mine is. You can register for this free training here: https://www2.gotomeeting.com/register/476024930
Hopefully you’ll join us on the webinar Thursday. Even if you can’t make, I hope that this post inspires you. There are PLENTY of great deals to be had, even in a market as competitive as San Diego.
While I will be enjoying spending my time in Panama this summer, I hope to be able to blog more, tell you about more of our deals, and keep sharing tips and success stories with you along the way. Until the next post, get ready to get out there and start raising more money, and finding a partner to help you buy, fix and flip those deals!
I’m sorry to be the bearer of bad news today but there’s some data I have in my hands that I must reveal to you.
Read this carefully please…
*Short Sale flips are tougher to do than ever. There simply aren’t enough people who can get bank loans to “cash you out” once you get your short sale approval from the bank. Plus, title companies are very strict on disclosing back to back flips to both the “A” and “C” lenders. Anyone who’s an active short sale flipper knows this is getting tougher to do.
*Rehab flips are tougher to do than ever. Title problems and “robo-signing” scandals have tainted the title to many properties and caused uncertainty about the quality of title when buying an REO. Plus end buyers for rehabs need bank loans and 28% of them are being declined for loans.
*Buyers must have a 700+ credit score on average to qualify for a FHA loan plus a down payment. This means there are less buyer’s to “cash you out” using FHA loans.
*Most leads that you will generate into your real estate business will be houses with little or no equity. So if you are an “equity” wholesaler you will have trouble getting “equity” leads. My prediction is that this is just 5% of the deals I’ll do.
*80 – 100 million people – roughly 30% of our entire population cannot qualify for a traditional bank loan. However the cool thing is there’s a “golden opportunity” that’s been created because of tighter bank lending standards.
*Credit is tightening, not loosening, according to Inside Mortgage Finance magazine.
*11 million home owners have no equity according to CoreLogic.
*Another 16 million have very little equity. They are between 90% – 100% leveraged.
WOW- that’s some bad news.
After reading that you’re probably wondering…
“So where are the investment opportunities right now?” or “What can I do about this and still be a successful investor?”
Here’s the answer:
Go where the money is and diversify into strategies that do not require banks at all.
My friend Josh Cantwell is holding a very special presentation to show you some very profitable investing opportunities you can capitalize on right now.
Here’s the best part of what he’ll be showing you:
*There are 4 simple, fast, safe and easy ways for you to make money that don’t require any banks whatsoever.
*You can profit from every type of property. Houses with equity, houses with no equity and no default (which are most common) and overleveraged houses in foreclosure (short sales).
*The investment strategies are proven. Josh and his students been using these strategies since 2004. Just now they really going to “blast off” because of the current state of the financial markets.
*You get paid within 60 days. Often in as little as 16 days. No waiting for 7 months to get a short sale approved and flipped or a house rehabbed and sold.
*You get paid between $500 to $20,000 up front.
*There is one set of paperwork you use to execute all 4 of these techniques.
*With one of these techniques there is three ways to make money. You can make some cash now (between $500 to $20,000), cash flow each month (between $100 to $1,000) and then cash out down the road (between $7,000 and $40,000) without ever owning the home.
*These leads are everywhere and require little to no marketing costs on your part to obtain.
*This is the easiest, fastest way to make money in real estate with no money, bad credit, and no loans for you or your buyers.
So position yourself and your business for massive success without any banks, FHA loans, private money or government programs using 4 “Instant Cash Infusion” strategies.
P.S. I personally think the jokers at Fannie Mae, Freddie Mac and FHA are not all bad guys. They just are in over their heads. A recent Fannie Mae study showed 54% of the people surveyed want to buy a home. They realize there are lower prices than ever out there.
Problem is with the current Fannie and Freddie and FHA guidelines they simply won’t qualify. So how are you going to use this to your advantage?
Posted by justin_lee | Posted in Uncategorized | Posted on 07-04-2012
This summer our family is about to embark on a major adventure: we’re packing up, leaving San Diego (for good-more on this below), and we’re going to move into our villa in Bocas Del Toro, Panama.
Our villa is located in a resort called Red Frog Beach. It was an investment property that we purchased WAY back in 2004. Funnily enough, I found out about the project at a real estate investing seminar in Washington, DC (where we used to live). The “deal” back when I purchased it was a 3 day trip to Panama, and it included air, hotel and a trip to the resort.
If we invested in the resort, the cost of our trip ($1500 at the time I believe) was credited back to us against the purchase of the property. Well, we went, we saw, and we bought! However, hard times struck, as not only were there MANY strikes to endure, but the capital markets began to dry up (especially for Central American resort developments).
As the economy really began to suffer, I began to believe that our six figure investment was about to go up in smoke.
But the good news is that the economy finally turned around, the project became healthy once again, and now we’re ready to go down to Panama and enjoy our villa!
We’re Moving From San Diego!
I can’t believe that it’s been nearly 2.5 years that we left Vancouver, and moved to San Diego. If you’ve been a reader of this blog for a while, then you might remember this blog post where I asked our readers for some advice on where we should move to after we sold our last property in Vancouver.
One funny thing about that post: boy was I wrong about the prices of real estate in Vancouver! Not only was there NOT a correction, but the prices continued to climb and are now absolutely astronomical. In fact, Vancouver is currently ranked as the 2nd most unaffordable city in the world (behind Hong Kong).
When we first arrived in San Diego at the beginning of 2010, we moved into a beautiful ocean front home in Encinitas, CA. (As a side note, if you want to see just how beautiful this home was, our view, and how close we were to the ocean, watch the first minute of this video):
I was in a new market, and knew NO ONE, had ZERO real estate connections, and knew nothing about the Southern California market. However, armed with a brain, a LOT of hustle, and a plan, we’ve now built a killer real estate investing company that is doing great things here in San Diego.
In fact, as I type this, our business is on track to do over $160,000 in net profits this month. (Side note: I only get to keep half of that, but I have no problem with it, and I’ll explain why in a follow up blog post).
Here’s Our Schedule:
On April the 29th we’re getting in our car and spending 10 days driving up to Vancouver. We’ll go from San Diego to Yosemite National Park, onto San Francisco, then into eastern Oregon, where we’ll visit Klamath Falls and Crater Lake. Then it will be on to Seattle for a night, before we arrive back in Vancouver.
We’ll have 3 days in Vancouver to drop off our car, get situated, and then it’s off to Panama! We’ll be in Bocas Del Toro all summer long, and we’ll be returning to Vancouver at the end of August, just in time for Stella to start Kindergarten.
It’s going to be exciting to spend an entire summer in Panama. Our villa has a pool, and it’s only a few hundred yards from the beach. The island, Basimentos, where our villa is located has NO cars (walk or ride in a golf cart), and the only electricity is in our villa itself (no street lights!), which should make for very dark evenings.
It’s in a rain forest, with red frogs, sloths and monkeys. We’ll be living on an island, and it will be a great adventure for us this summer.
My plans for Panama are still to run our investing business here in San Diego (with my partner), learn how to speak Spanish, write a book (more on that in another blog post), and try not to work too much.
Most importantly, I’m looking forward to spending a ton of time with my children and my wife, Dreama. We’re going to start a clean water project for the local school children, and our children (Stella, almost 5 and Sebastian, almost 3) will be attending a local school.
It’s going to be an amazing experience that I feel very fortunate and blessed to be able to undertake. One of the main reasons I am even able to do this big adventure is because of our real estate investing business, and the way in which we’ve structured it.
I plan to share with you in an upcoming post how we’re investing right now, what we’re doing, and why I believe that it’s the most profitable, most sustainable type of real estate investing there is.
Until then, feel free to leave a comment, as I promise the next post won’t take me as long to write, and will be full of helpful information about how I’m running my real estate investing business today, how it’s structured, and why it’s allowed me to spend 4 months in Panama this summer.
Until then, here’s a quick video of the resort where we’ll be living:
Posted by justin_lee | Posted in Uncategorized | Posted on 22-12-2011
So this post isn’t entirely about real estate investing (although the video below is).
This post is about why I should be selected as the winner of the Shoemoney contest for an all expenses paid trip to Affiliate Summit West in Las Vegas in January 2012.
The first reason that I should win is because I’m not just a taker (taking the prize if I win), but also because I’m a giver.
And I’d like to give back to ShoeMoney because a “little birdie” told me that he’s been thinking about staring an internship program. Now ShoeMoney may or may not know this, but I’m an expert at showing other business owners how to find, hire & manage interns to grow their business.
And if I’m selected as the lucky winner, I want to personally help ShoeMoney set up his own internship program and show him (and his staff) how to find interns, quickly and easily. I’ll even share with ShoeMoney’s team how to set up a Virtual Internship program. (Instead of a “Virtual Assistant” what about an local, hard working, college educated person who wants to intern and work virtually, for ShoeMoney!)
The second reason I should win is because I practice what I preach when it comes to using interns in my business. Not only did one of my PR interns land us an interview on Fortune.com, but they have even found houses for me to add to my real estate investing portfolio, and attend the closing on my behalf, so I didn’t have to:
The third reason I should win is that I’m giving ShoeMoney a nice link back to his site because he shows people how to make money online.
The fourth reason that I should win is because I’m going to hook up ShoeMoney with the killer resource who made this video for me:
And the final reason that I should win is because if ShoeMoney is going to let the winner “roll with him” he wants to hang out with someone fun, interesting and intelligent who won’t be overbearing or a pain in the ass!
If you have been following along you know that we’re expanding our real estate investing business to the Phoenix, Arizona market, and we recently blogged about how we wanted to get an intern to help us in that market.
Well we’ve recorded a video update showing you exactly how easy this was, and how we found our first intern in only 9 days!
Watch the video below for an update, and for proof on just how easy it is for a real estate investor to find and hire interns to help them with their business. Make sure you watch the entire video, because not only do we let you know exactly what the intern will be working on, but we share with you how you can duplicate our exact system for finding, hiring & managing interns. If you missed the first blog post in this series, you can read them below or just click here.
To copy this exact system for finding interns check out www.InternProfits.com/new. We can’t wait to hear your success stories!
The other day I wrote a blog post letting you know that I was expanding my real estate investing empire to a new city and state. I also wrote in the post that it was going to make sense for me to hire a few interns for this new expansion, and I laid out my 10 step plan of how easy it is to hire an intern to help you with your real estate investing business.
I recorded a quick screen capture video for you so you can really see just how easy finding an intern can be if you have a good system to follow. Check out the video, and feel free to leave a comment or a question. After you watch this short video, you should be equally excited about hiring an intern:
To get started using the exact same system that I outlined in the previous blog and demonstrate in the video, just click here.
Remember, the quickest, fastest, easiest way to hire an intern is to follow my simple system for how to hire an intern. If you really want to grow your business, and get more done, and work less, then hiring an intern is the best way to go.
He makes an average profit of $6,000 per flip, so you can quickly do the math and see how much he makes each month.
Last week (before the interview I did with my friend Alex) I spent 2 full days in Phoenix, Arizona. I went out there with my real estate investing partner to evaluate the market for opportunities, and see if we wanted to expand there.
After 2 very busy days, we have decided that there’s plenty of opportunity in that market, and that we’re going to expand. One of the obstacles, however, is that we don’t have a local set of eyes to do a lot of the work that we would normally do ourselves here in San Diego.
I’ve always been one to practice what I preach, so we decided that one of the best ways that we could immediately get some help would be to hire some interns to help us expand into a new market.
Since I’ve been a huge advocate of hiring interns for your real estate investing business for a long time, today I sat down as if I were a new investor and mapped out exactly what the interns would do for me, and how I would go about hiring them.
I’m going to map this out for your right now in this blog post, so you can duplicate our success.
1. Decide What The Intern Is Going To Do: We’ve decided that we’re going to create 2 different internships for our expansion into Phoenix: a Real Estate Investing Internship , and an Internet Marketing Internship For A Real Estate Investing Company (note: those are the actual titles we used in the job description). However this doesn’t mean that we’re only going to hire 2 interns. We might actually hire 2 or even 3 interns for EACH position (we want to be prepared for attrition, and also to let the cream rise to the top and see who the best performing interns will be.
The Real Estate Investing Intern will be focused on “traditional” real estate investing work, such as evaluating properties, meeting with contractors and getting repair estimates, coordinating closings, and focusing on the transactional side of real estate investing.
The Internet Marketing Intern will be focused on using the internet for marketing our business. Since Phoenix has an abundance of deals, this particular intern will be focused on finding buyers for our properties. They’ll be doing this by building a blog, and then having an accompanying Twitter feed, YouTube Channel, and lead capture pages. They’ll create content and set out “link bait” (in the form of articles, free reports and videos) to help us build a buyers list.
As you can see, the first internship will require someone who is interested in real estate, but the 2nd internship could be for anyone interested in marketing, internet marketing, or general business.
2. Create a List of Responsibilities For Each Internship: We created a list of probable tasks and responsibilities for each of the internships. This might obviously change over time, but we wanted to get something down as quickly as possible. These list of responsibilities also became part of our job description (more on this later). Here’s the initial list of tasks for each intern:
Real Estate Investing Internship - Evaluating properties for acquisition - “Walking” properties, meeting with contractors, and creating videos of properties - Analyzing comparable sales data and estimating potential profit of individual deals - Analyzing data for multi-family properties to evaluate cash flow, cap rates and profitability - Tracking renovation progress and timelines to ensure deal profitability - Coordinate closings and work with escrow company manage the process from contract signing to close of escrow
Internet Marketing Internship For A Real Estate Investing Company - Using video and well written video descriptions to drive traffic to our sites and market our properties - Become well versed in local search and SEO through our training, and implement these strategies to help us dominate the search engines. - Use social networking, social media and social bookmarking to drive a flood of traffic to our sites - Install analytics and goal tracking on all of our websites, launch experiments, and help us make our sites get more traffic and increased conversion percentages - Build a new blog using WordPress (open source blogging platform) - Build lead capture forms and landing pages to maximize conversions & build a list of buyers for investment properties
4. Decide Where To Post The Internship: If you watch the the same content webinar I reference above, you’ll see that we reveal our list of Top 25 Internship Job Posting Websites at minute 54. However, for real estate investors, we recommend that you post your internship to a local college or university where you plan on investing. The reason is simple: you’re going to want your intern to go out and look at properties and find deals for you. That’s why for these 2 positions we’re posting our job to Arizona State’s intern job posting board. It’s free to post there, and we’ll find an intern who is local and knows the area well. If you don’t know whom to contact at a particular school, or where you can find interns looking to gain experience in a particular field (like real estate or marketing), then watch this short video.
5. Call The Recruiting Coordinator At The School Where You’re Going Post The Internship: As soon as I had my job description ready I called the recruiting coordinator at the school I was going to post my message to. If you’re wondering what’s the fastest way to find: A) what schools you should even be contacting or B) what the name, phone number and email address are of the recruiting coordinator, then watch this short video. Once you know who you’re calling, pick up the phone and call them. I’ve actually prepared scripts for calling into these schools (more on this later), but because I’ve done it so many times now, it’s easy for me (and it will be easy for you as well). Today I found out that at ASU it’s free to post, and that my account would be “approved” to post a job within 24 hours. But making a phone call first, BEFORE posting the job, makes it much more likely that your account will be approved quickly. In fact, today, by making the phone call, I even found out that ASU has a real estate investing club, and that I could post my internship there. Talk about an easy way for me to find my new interns!
6. Start Reviewing Resumes: At this point all I need to do is review the resumes of potential interns. I ask them to include a cover letter explaining whey they’re a good candidate for the position. If they can’t include a cover letter (and fail that test) they won’t get a call from me. It’s a simple test to see if they can follow instructions.
7. Conduct A 1st Round Of Interviews Over The Phone: For candidates who sounded good on paper, I’ll email them and set up a phone interview. On the phone interview I want to find out about them. At a minimum, I want to know the following information:
- What made you apply to my job post? - Why do you want an internship? - What do you know about the position? (in other words, what do you know about real estate investing or internet marketing) - When do you plan on graduating? (we’ve made it a policy to not accept freshman/1st year students since they are adapting to school life and adding an internship is too much) - How heavy is your course load? - How many hours per week, at a minimum, can you dedicate to the internship? - Are you looking to earn credit for your internship? - Do you have the tools necessary to complete this internship (PC, cell phone, skype, video camera, car for the real estate investing internship, for example)
I have a list of dozens of other questions, but you get the point here. I’m trying to do some initial screening and fact finding, and see if we “click” and a I get a good feeling about the person.
8. Invite The Top Candidates Back For A 2nd Interview:After the first round of interviews I email back the people I liked and schedule a 2nd interview. I ask more questions, and at the conclusion, if I think that they could make a good intern (and addition to our team) I give them a specific deadline (usually 48-72 hours) to send me an email with the following information:
- Are you still interested in the internship - Why would you be a good candidate for the internship - The specific start date that you can begin - The minimum number of hours per week you can commit to - The end date of your internship
9. Extend The Invitation: At this point I’m ready to extend the offer to the prospective intern. As I mentioned earlier, many times I’ll hire 2 or 3 interns for the same position. They can work together as a team, and the best interns will quickly show their stuff. Interns also like working in a team environment, and let’s face it: they do have exams and a social life, so if an urgent task pops up, I’d like to have 2-3 people who can complete it, not just one.
10. Put Them To Work: As soon as the intern accepts the offer, I put them to work. I usually start out with a “kick start” call to make sure that they understand the big picture: what our company does, how we make money, who our target audience is, and what we’re looking to accomplish. I can’t tell you how important this is: your intern is probably going to work on some very focused tasks and projects for you, so it’s important that they understand the big picture. Then, every single day that they work on their internship, they have to send me an email detailing:
1. What they did that day, and the results that they got 2. Any problems or challenges they encountered 3. Any questions they have for me
Sending these 3 items to me in a daily email is a MUST, and it’s a non-negotiable. They simply have to do it.
Next Steps:
Hopefully between the interview with Alex, and the steps that I’ve laid out for you here, I’ve inspired you to take action and hire an intern for your real estate investing business. You’ll be amazed at how much more productive you become, and how having an intern forces you to create documented systems that only help your business.
Speaking of documented system, we do have a system that we’ll be releasing to the public in the very near future. It’s going to be extremely affordable, and inside of it we’ll include the 2 job descriptions for the 2 internships I talk about in this blog post. Plus it includes scripts, templates, internship agreements, instructional videos and a whole lot more information. It’s extremely affordable, and as soon as it’s ready I’ll update this blog post with a link.
In the meantime, I want to leave you with comment from someone who has our system, and also a video. The first is a comment from Jesse C’de Baca in Denver, CO who writes to us and says:
I’m always looking for ways to scale my business – whether through automation or outsourcing, both which have their inherent drawbacks. The concept of getting unpaid interns as a solution to bridge those flaws has been such a mindset-shift for me.
I already have 2 interns working for me within 2 months, and they work about 20 hours a week each for me! I haven’t even yet called any of the schools directly, which I plan on doing soon to get more interns.
Not only have they gotten good work done for me for free, but they have FORCED me to develop duplicatable systems for my business processes, which has really helped me to hustle and get more done in less time.
Not only that, having interns make me look a hell of a lot “bigger” in my clients eyes, which feels pretty good too.
Thanks so much again for showing me a way too scale my business at near-zero cost.
The final thing I want to leave you with is proof that interns can help grow your real estate investing business, and find you deals. Here’s video of “Ben The Intern” who found a killer deal for us during his internship. Imagine not having to go to a closing, but have your intern attend on your behalf instead:
As a reminder, we’re releasing an updated, more cost effective version of our intern system in the next few days. Be on the lookout for it!
The other night we had the opportunity to interview a very successful real estate investor based out of Miami, FL by the name of Alex Pardo.
Alex flips 3-4 REOs each and every month, and makes an average profit of $6,000 per flip. But the best part of his business is how interns are helping him flip these properties and grow his business.
Listen in on this interview as Alex tells all about how he finds, hires and manages his interns, and how they have helped him grow his business, systematize it, and enable him to work less, while still making more money:
Enjoy the case study interview, and feel free to download it and take notes. In case you want to visit the original page and see the “Big Button” that we reference at the end of the interview, you can do so by clicking here.
Also, if you’d like to download a Free Video Training Course with 20 free videos telling you how to find, hire & manage interns please visit www.InternProfits.com
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