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#456389 - 01/19/17 06:57 AM Getting Back Into The Business After Running Out Of Money..
Logan Five Offline
Member

Registered: 01/18/17
Posts: 20
Loc: Northern CA
I was in the business 15 years ago, but when all the listings dried up I had no money left in the bank to stay in the business. I did do some prospecting but I didn't stick with it i.e I didn't do it everyday.ve

If I had it to do over again..I would take the advice from Mike Ferry and start everyday with a plan. For example, I would door knock on Tuesday, Saturday & Sunday from 10:00 am to 7:00 pm..people are normally home on the weekends.

Monday I would preview property on vacant homes that are on a lock box. Wednesday I would work in the office and take floor time, that would leave me with Thursday and Friday as my days off.

With the prospecting I need to contact 100 people i.e I need to hear 99 " no's " for every " yes " I get.

Well, that's the plan. I want to work with sellers as opposed to buyers. What do you think ? Is it realistic ? Do I need to prospect more than three days a week ?

Any advice you can share would be helpful. TIA.

Logan,

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#456409 - 01/22/17 10:41 AM Re: Getting Back The Business After Running Out Of Money.. [Re: Logan Five]
Logan Five Offline
Member

Registered: 01/18/17
Posts: 20
Loc: Northern CA
Also, can I door knock if I don't have a real estate license yet..and give those leads to another agent and split the listing commission ?

Nobody door knocks in my location, just the religious people JW's.

I am wanting to get back into the business and door knock again.

Logan,







Edited by Logan Five (01/22/17 10:47 AM)

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#456414 - 01/23/17 04:53 AM Re: Getting Back The Business After Running Out Of Money.. [Re: Logan Five]
JohnN Offline
Member

Registered: 11/21/13
Posts: 248
Loc: Minnesota
Originally Posted By: Logan Five
Also, can I door knock if I don't have a real estate license yet..and give those leads to another agent and split the listing commission ?

Nobody door knocks in my location, just the religious people JW's.

I am wanting to get back into the business and door knock again.

Logan,
In my state the regulations prohibit a licensed agent from giving anything over $25 to a non licensed person in regards to a RE transaction.
Your laws may differ.





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#456416 - 01/23/17 08:16 AM Re: Getting Back The Business After Running Out Of Money.. [Re: Logan Five]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7869
Loc: Vermont's North-East Kingdom
Originally Posted By: Logan Five
". . . can I door knock if I don't have a real estate license yet . . ."

That sounds like you'd be willing to impersonate a Licensee . . . . not likely to get you off on the right foot !

And as your fellow Licensees catch wind of your willingness to do this, you will find that it follows you for a long time. That's NOT the kind of reputation, or 1st Impression you want to create in your home territory.

Get that License re-instated first . . . . if you had a License 15 years ago, you already know this. The Law hasn't changed in the past 15 years.

When are you scheduled to sit for your Real Estate Exam(s) ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#457269 - 04/07/17 05:39 AM Re: Getting Back Into The Business After Running Out Of Money.. [Re: Logan Five]
AgentAlam Offline
Member

Registered: 04/07/17
Posts: 15
Loc: Southern Ontario
Originally Posted By: Logan Five
I would door knock on Tuesday, Saturday & Sunday from 10:00 am to 7:00 pm..people are normally home on the weekends.



Waao! Door knocking 7 hours straight? I don't see anyone being able to continue after 2-3 hours. People usually start feeling disoriented after 2-3 hours of walking, door knocking and talking.

Originally Posted By: Logan Five
Also, can I door knock if I don't have a real estate license yet..and give those leads to another agent and split the listing commission ?

Logan,


How would you identify yourself when you DO talk to a homeowner? In my province, bird dog fee is not allowed. What you will be doing in unlicensed practice which is not allowed


Edited by AgentAlam (04/07/17 05:44 AM)
Edit Reason: add

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