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Despite the small technical glitch that we had with the daily training for real estate entrepreneurs this morning, the training was awesome! We ended up just extended the call a little bit past 9 AM to make sure that we got a full hour of great information packed into the call.
If you have not yet listened to it (and you will want to become an Inner Circle Member or use the link at the bottom of this post to access the call if you have not done it yet), here is what we covered.
We started off the call with a few announcements like the new tools website for resources that I share during the live training calls. Just use the login and password issued on each call to be able to download any files or access special resources that I discuss during the training. For example, on yesterday’s training you can download my ad for finding flyer delivery people, my independent contractor agreement for hiring a flyer delivery person (in both an editable MS Word version as well as a PDF version) plus a contract to buy real estate and an assignment of real estate contract form for when you are wholesaling. The resources are now available as downloads from the tools website for the call on 2010-08-31.
After I briefly talked about that, I announced the start of September being “Acquire a New Empowering Habit in 21 Days Month” and we discussed strategies for making simple, effective changes to improve you and your personal and real estate business lives.
Today, being Wednesday, we also covered “What’s James Studying? Wednesdays” where I share with you some of the books, courses and audios that I am learning from. Today I shared with you some great ones including some material I’ve been reviewing in the last week or so by Tony Robbins, Stephen Covey and Richard Roop.
I took just a moment or two to recap what we covered the previous day and specifically talked about the relative size and results you can expect from sites like CraigsList, Backpage and eBay Classifieds. See the tools website for a chart showing the differences.
After that I dove right into the process and strategies on how to hire a virtual assistant. Did you want to know exactly the things I have a virtual assistant do in my real estate business? I share my specific, detailed list and talk about the value of doing it yourself versus hiring someone else to do it. I talked about using ODesk to go and hire a virtual assistant. I gave you my ad that I ran to hire the virtual assistant. I covered the interview questions, personality test and other tips for a streamlined hiring process. I shared with you how I manage my virtual assistant’s work including what I have them and I personally use for contact management for real estate entrepreneurs.
Do you want to know how I am able to have my virtual assistant keep all the property files they are working on synced up as other members of our team like me and my acquisitions manager all access, update and use them? Listen to the call, but I’ll give you a hint: we do it with Dropbox (you can even use the free account until you outgrow it).
I cover some training topics that you will likely want to cover with your virtual assistant to make sure they are going to be a good additional to your team? I discuss my list of those topics as well.
Before ending I draw a comparison of hiring a virtual assistant and hiring bird dogs or wholesalers. I think there is room for both with some very specific pros and cons of each. Listen to the audio to get the whole story.
Download a copy of the entire audio of The James Orr Show – Episode 2010-09-01 or become an Inner Circle Member and get access to that call plus dozens of others plus unlimited live Q&A and consulting and much more.
Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.
Or, become an Inner Circle Member and get much more...
What a great training call this morning! I just finished putting up the training call from earlier this morning (link available below and in the Inner Circle Member resources website which can be access here).
We started the call issuing all the listeners a special login and password that can be used to access some special downloads and resources that are just for people that are on the call. I will be sharing with you the downloads that are included with this call as I continue with the description below. This is the first call in The James Orr Show series that we have done this with. I’ve done this in the past with lots of the other real estate courses that are available for purchase, but never before with The James Orr Show. To access these special resources just select the date of the recording that you have from the new tools page and it will prompt you for a login and password. Use the login and password given to you on the call and you’ll get to see all the goodies that are sure to save you lots of time and money.
After I shared the login and password I began to address two email questions we had from listeners since yesterday’s call and ended up discussing a variety of topics including how to install new empowering habits and briefly discussing some of the pros and cons of working with partners. I also mentioned that you can hire people (often on commission where you only pay if they perform) instead of seeking partnerships if there are certain tasks or parts of the business that you cannot or are not willing to perform. It is important to realize that you do not need to do everything yourself. I am a big believer and implementer of hiring people better than me to do jobs that I am not willing or interested in doing. I tend to teach you how to do that in some of the daily training calls for Inner Circle Members.
Around the same time we were discussing partners I also talked about being busy versus being productive and the trap of having stuff to do that really does not meaningfully move you toward achieving your goals. Avoid this type nonsense like you might want to avoid the plague.
We then went on to discuss working with buyers to find them properties and I talked a little about the difference between wholesaling and being a real estate agent or broker. There were some very important distinctions about those that you’ll want to listen to.
I also briefly talked about property management and specifically offering property management as a service to others and the licensing requirements of that (for many states).
In the end of the emailed question, I mentioned that the person emailing was asking for contracts and forms to do wholesaling. For the first time ever, in the password protected resources section for this call, I provided you with a contract and assignment in both PDF and MS Word format. You can still reference the article How To Get The Paperwork For Your Deal for ways to get your own paperwork. You should still have any paperwork you get from the internet (including the stuff I give you), reviewed by your legal team or at least your Pre-Paid Legal attorney.
I then went on to the second email with questions. This one was about an out of town buyer who was considering a property that, as it turns out, was not really a good deal. I strongly advise you to provide an outstanding product and as a wholesaler that means great deals to get repeat customers (that means investors buying from you again and again). So, do not wholesale poor deals to folks. Give them deals that they can make a profit on. Listen to the call for more information on that and the tips I shared relating to selling your wholesale deals and the thought process behind it.
After Inner Circle Member questions we jumped right into our discussion on flyers and specifically hiring a flyer delivery person to deliver flyers for you to find great deals. To save you time and effort, I provided you with the exact ad I run and recommend you run when trying to hire a flyer delivery person plus I also give you the complete Flyer Delivery Person Independent Contractor Agreement that outlines the specific details of your relationship and protects you and them. Even if you don’t get mine you NEED to use one of these for all your contractors to have your agreement in writing. Why not just use mine as a starting point of something to modify and have your attorney (Pre-Paid Legal or otherwise) review and customize for your state, county and city. It just makes sense to leverage what I’ve already done for you (that’s one of the benefits of being a Inner Circle Member).
Lastly, I finished up talking about an investor philosophy of acting in spite of fear and I gave you some resources to use for overcoming fear and taking action doing the things you know you should be doing.
Download The James Orr Show – Episode 2010-08-31 if you’re not a Inner Circle Member or become a member today.
Inner Circle Membership - Daily, Live Training for Bird Dogs, Wholesalers, Real Estate Investors and Real Estate Entrepreneurs with Q&A and consulting and more.
