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The Wealth Formula

The Wealth Formula. At the end of this session, you will: Learn The Wealth Formula Learn Types of Income Develop Millionaire Mindset Implement Wealth Formula GET STARTED. The Wealth Formula. What Will It Take to Be Wealthy?. The Wealth Formula. It Starts Here…

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The Wealth Formula

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  1. The Wealth Formula At the end of this session, you will: • Learn The Wealth Formula • Learn Types of Income • Develop Millionaire Mindset • Implement Wealth Formula • GET STARTED

  2. The Wealth Formula What Will It Take to Be Wealthy?

  3. The Wealth Formula It Starts Here… • Learn The Wealth Formula • Learn Types of Income • Develop Millionaire Mindset • Implement Wealth Formula • GET STARTED

  4. The Wealth Formula Stage One Investing… • Amount Invested 165/Month • Time Period 25 Years • Rate of Return ??????? • Financial Goal 1,000,000

  5. The Wealth Formula Reasons Sellers Become Motivated: Economic • Local Economic Changes • Local Neighborhood Changes • Law Changes • Zoning, Rent Control, etc.

  6. Finding Deals Realtors/MLS (Multiple Listing Service) • Types of sellers • Pros • Cons • Tips & Considerations

  7. Finding Deals Newspapers • Types of sellers • Pros • Cons • Tips & Considerations

  8. Finding Deals Legal Newspapers/Courts • Types of sellers • Pros • Cons • Tips & Considerations

  9. Finding Deals Driving for Dollars • Types of sellers • Pros • Cons • Tips & Considerations

  10. Finding Deals Foreclosures • Types of sellers • Pros • Cons • Tips & Considerations

  11. Finding Deals Bird Dogs • Types of sellers • Pros • Cons • Tips & Considerations

  12. Finding Deals Advertising • Types of sellers • Pros • Cons • Tips & Considerations

  13. Finding Deals Advertising • Radio & TV • Website • REIA Groups • Expired MLS • Yard Signs • Direct Mail • Flyers • Business Cards • Newspaper Ads • Car Signs • Bandit Signs • Trade shows

  14. Finding Deals Contacting Motivated Sellers • Advertising • Direct Mail • Telemarketing • Drive By/Door Knocking

  15. Finding Deals What We Covered This Session: • Recognize a motivated seller • Summarize WHY sellers become motivated • Three specific tactics for motivated seller marketing • Explain how to target market to motivated sellers

  16. Next Session… Evaluating Discount Property

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