The Only Thing You Need to Close Foreclosure Deals
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- Опубликовано: 4 июл 2024
- This is the only thing you need to check out before you start closing foreclosure deals! In this video, Pace Morby and Michael Franke dive into the key performance indicators (KPIs) that will help you achieve success in the highly competitive world of real estate foreclosure acquisitions. By tracking and analyzing these KPIs, you can optimize your door-knocking strategy, increase your conversion rates, and close profitable deals.
When it comes to door-knocking for foreclosure deals, having a clear understanding of the most effective KPIs is crucial. In this video, Pace and Michael dive deep into the metrics that truly matter, enabling you to measure your performance and make data-driven decisions. They discuss essential KPIs such as:
Conversion Rate: Find out how to track the percentage of door-knocking interactions that result in successful leads or closed deals. Discover strategies to improve your conversion rate and maximize your chances of closing foreclosure deals.
Response Rate: Understand the importance of measuring the number of property owners who reach back out after you knock on their door. Michael describes his approach to establishing meaningful connections with potential sellers.
Lead Quality: Michael talks about how he evaluates the quality of leads generated through door-knocking. Learn how to prioritize leads based on their likelihood of turning into successful foreclosure deals.
Time Efficiency: Discover how to measure the time it takes to close a foreclosure deal through door-knocking. Learn effective time management techniques to optimize your efforts and increase your deal-closing speed.
Deal Profitability: Understand the significance of tracking the profitability of foreclosure deals acquired through door-knocking. Learn how to assess the financial viability of potential deals and focus on those that yield the highest returns.
By tracking and analyzing these KPIs, you can refine your door-knocking approach, identify areas for improvement, and ultimately increase your success rate in closing foreclosure deals.
Subscribe for more real estate tips and tricks, and unlock the secrets to becoming a successful foreclosure deal closer. Don't miss out on this opportunity to optimize your door-knocking strategy and achieve remarkable results. Watch now and start closing foreclosure deals like a pro!
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Chapters:
0:00 - Intro
0:37 - What are KPIs?
1:17 - How Many Doors Until First Deal?
3:26 - Why Knock 3 Times?
4:28 - How Many Appointments?
7:00 - Communication With Follow-Ups
8:42 - Average Profit/Deal?
10:14 - How Many Contracts Fall Through?
11:43 - Other KPIs
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a RUclips video for entertainment purposes ONLY ❎
It's crucial to set realistic expectations and understand that success in door knocking pre-foreclosures requires diligence, skill development, and a long-term mindset.
Great Video Pace/Michael......Thank you for all that you do in all our communities!! We are blessed to know you!
Thanks man
Nice vid. What about door knocking in San Diego? Most people don't ever get to the point of foreclosure and recover their properties. Not sure if the time spent would be worth it...
Where you finding the 100 doors to knock?
There's a property down the street from me that very much appears to be abandoned. I cant find any info on it on the assessors website or propwire. Would it be worth knocking and seeing if anyone comes to the door?
That is a big yes. If no one comes to the door go knock on the surrounding homes even. Then ask if they know anything about that home.
There is a town 30 min from me here in CA that has a lot of abandoned homes. I heard those abandoned homes are owned by foreign entities
yay I got 3rd place in comments 🥉you can peek in the windows and usually tell if someone is living there also see if the driveway is worn with use
Anyone do foreclosures in Dallas?
Yes, working on it in Dallas now
@@angelnicolee you have a company or just freestyle calls lol??
@@angelnicolee ?
How do I figure out if I can help the seller though or if we’re a good fit?
Talk to them!