On this week’s REIVault Weekly Huddle Call, Cris Chico and Gary Boomershine presided on the call and talked about their daily disciplines, how they commit on a plan, new projects such as working on a new marketing campaign and new deal dashboard and mail credits for member referrals. They also answered questions on best approaches to a seller backing out from a deal, how to revive the deal and remedies to turn around that deal. They also discussed a little bit about postlets.com, answered questions on how to deal with agents and wholesaling to another wholesaler.
02:32 Daily disciplines (weekly huddle calls, reviewing the pipeline)
06:40 Committing to a plan
09:03 New members from referrals (mail credits)
10:40 New Marketing campaign, new national provider
12:08 New deal dashboard
13:43 What to do when seller who’s in contract backs out from a deal?
16:51 Best way to approach the seller who backed out from the deal
21:10 Recording a memorandum (reviving a deal)
27:02 Quick sample scenarios turning around deals
30:54 Agreement on term
35:25 Letter to the seller with cancellation of contract to sign
38:07 Dealing with agents
42:10 Question on liquidating a property to retail price
49:00 Wholesaling to another wholesaler
54:30 End of the call
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