Follow Up Generator – Creative Real Estate Course

Follow-Up Generator

YES! After many months of planning, I’m proud to present to you my powerful NEW Tool, the Follow-Up Generator! This tool is designed to help you educate & inform all those Suspects, Projects, and anyone who wants more information in order to know what you can do for them.

This is an ongoing project! I will continue to update and improve this tool over the next few weeks/months. I happily welcome your suggestions & feedback!

Form For Deal Partnering

Use this form to submit the minimum information needed for possible deal partnering!

Your Information

Your Name:(Required)

First Last

Today's Date:

MM slash DD slash YYYY

Your Email:(Required)

Your Phone (optional):

Property/Lead Details

Seller/Owner's Name:

First Last

Seller's Phone #:

Seller's Email:

Property Address

Street Address City State ZIP Code

# of Bedrooms?

# of Bathrooms?

Square Feet?

WHY Are They Selling?

The most important question of all!

When do they want to Move? (Timeline)

Is the house listed?

NO, not listed. Just FSBO.

Yes, listed with an agent

Yes, listed on MLS--Flat Fee Listing

Yes, listed with a friend & can release anytime

The Numbers!

We MUST know the numbers in order to consider any deal. If you don't have these, you don't have anything for us to look at. 🙂

(ARV) After-Repaired Value(Required)

What's the house worth in perfect shape?

(YOUR ARV): YOUR Comps Show?

You can quickly get comps from realestateabc.com, zillow.com, etc.

(ASK) What is the Seller Asking for the House?(Required)

How much are they asking?

(RENT): How much can you get per month for RENT?

You may find this by going to rentometer.com

Mortgage or Owned Free & Clear?

Mortgage

Owned Free & Clear

Won't say

(OWE) How Much Do They Owe?

Enter NUMBERS Only

(PMT) Monthly Payment Amount?

Enter NUMBERS Only

Payments include Taxes & Insurance?

Yes, payment is PITI (Principle, Interest, Taxes & Insurance)

No, payment is PI ONLY

No, payment is PIT (Principle, Interest, Taxes)

No, payment is PII (Principle, Interest, Insurance)

Don't know.

Payments Current or Behind?

Current

Behind

How Far Behind?

Est. Arrearage Amount?

In Foreclosure?

Yes

Don't Know

Sale Date?

(REP) Repairs needed? How much would it cost to fix up?

Enter NUMBERS Only

Automatically Calculated Section

These values will automatically appear based on the numbers you've entered. This will give you a quick snapshot of the deal.

% OWED to ARV:

(Auto calc)

% ASK to ARV:

(Auto calc)

ASK - OWE = $???

(Auto calc)

Important Questions Section

These are some simple but important questions to take into consideration for this potential deal.

Will They Sell For What's Owed On It?

Yes

Maybe

Would They Take Monthly Payments?

Yes

Maybe

Could This Be an All-Cash Deal?

If you can get it under contract for a cheap enough price (following the WMAO formula):
If ARV>$300k: ARVx80%-Repairs-Fee=WMAO
If ARV<$300k: ARVx70%-Repairs-Fee=WMAO

Yes

Maybe

What's your Exit Strategy For This All-Cash Deal?

Wholesale

Rehab & Retail

Rehab & Refinance to Hold

Option-Find All-Cash Buyer

Wrapping it Up...

Seller Said:

Did the seller answer any of the big questions? What was their answer?

YES to selling for what's owed.

YES to taking payments

They said NO

You don't know because you haven't spoken to the seller yet.

What are the details about this lead?

Here is where you can describe any pertinent details, notes & comments about the lead.
Please try to be as clear and concise as possible.

What would you like to DO with this lead?

What do YOU think about it at this point?

What Is Your Intended EXIT Strategy Here?

How do you think/intend to get out of this deal and make money?

Wholesale

Rehab/Retail

Sell to Option Buyer, All Cash

Rehab/Refi/Hold

Straight Rental

Lease Option (Tenant/Buyer)

Sell With Owner Financing

Retail Sale

What do you want from ME at this point?

How can I help?

Will You Need FUNDING For This Deal?

Will you need money in order to complete this deal?

Yes

Possibly

Will You Need CONSULTING For This Deal?

Will you need help/assistance/guidance to complete this deal?

Yes

Possibly

Status:

What do you think is the status at this point?

HOT Lead! Get on it NOW!

Warm Lead. Might be something here.

COLD Lead. It's a longshot.

I really don't even know!

Dead. Forget about it.

Are You Aware of The Deal Partnership Split?

If you wish to partner on a deal, the split is:
50/50 split if NO funding is required.
If funding is required, you get 25%, Funding partner gets 25%, and Global/Mentor get 50%.

Yes, I'm aware. Please help!

No, I didn't know that. But it's ok.

No, I didn't know that. I'm out! (Close this page)

Want This as a PDF?

Please only choose yes if you know what this is.
Your PDF will be attached in the email you receive.

Yes

CLICK HERE to create another package when done.