America's Largest Social Network for Default Real Estate Professionals
I was reading a blog somewhere a few months ago, and the writer made the comment, "The only people making money in real estate these days are the people selling the "Get Rich Quick" schemes." I have been getting emails from the Curry Team for quite some time. I even bought one of his programs, but opted out before I had to start paying the monthly fee. They have several "systems" available, but they sell nothing that you couldn't do on your own, or as a former mentor told me....."JUST DO IT!" (Nike ad) You can always tweek it, but you have to start sometime.
Don't waste your money or your time.
It amazes me how many people will fall for the easy route rather than get out there and do what is needed to get listings. Yes you have to get out there and work and yes it will cost you some money for marketing.
There are so many companies out there that advertise leads for a price. A majority of those leads are junk. I even caught one company claiming to have thousands of Seller and Buyer leads. Their leads were mined off of Craigslist with free software that is available off the internet to download that you can use yourself. Their Seller leads were FSBO's and the Buyer leads were primarily people who couldn't buy a home for one reason or another and people looking for rentals.They were charging agents $1 per lead where the agents paid $100 up front.
One agent I've known for years has fallen victim to all these easy leads companies. He spent so much money that he almost went broke. Now he can only do real estate part time and works at a self storage facility to be able to pay his bills.
There is no easy system. You can pay for what is available onlne for free or get some lists from agents in other areas who don't compete with you. The problem is that some companies now require you to pay upfront memberships to get a chance to even be looked at by asset managers. It took me years to build up a few companies. When I started, few people worked with REOs, then the bubble burst, realtors fell on harder times, then everyone and their mothers were doing REOS, or saying they had been. It is very competitive now. Networking is tough, referrals from asset managers can help. But, a little bit of good timing and hard work can pay off. Also, if you do get an REO, work the buyer's side and leads. As with all listings, get the leads, more leads, and even more!