Ways to make "extra money"?

[jlnel]

I know referrals can make you money and I kinda see BPO'S can, don't really know about them or how easy it is for a new agent to get started but are there any other ways to make a few buck to cover the "slow times". I appreciate any ideas or tip you have. Take care, John.

[Jeff Casterline]

Rentals

[Malok]

Selling blood.

[BrandonSternfield]

Selling blood.

Plasma makes a lot more, but also hurts more and can't be done as often.

The prices around my old college were $15 for blood, $50 for plasma. Plasma involved drawing lots of blood, taking the plasma out, and putting the rest of it back in the body...

They were near the college.. because college kids gotta eat, you know?

[avonreal]

They were near the college.. because college kids gotta eat, you know?

that could be construed as exploitation on their part, perhaps the college should've objected to that.

[JimOlenbush]

I know some agents in the past have targeted lease properties because they could get paid quickly. They would get permission to advertise other agent's lease properties on Craigslist and try to get a quick lease.

[pocket23]

Hi jlnel,

I’ve found the best strategy to get to a deal that makes me money is to spend a lot of time up front on determining what group are the highest probability motivated sellers to begin with. Then I can start write a letter that’s tailored just to them and get a high response because of that. (I reckon direct mail is always the best bang for the buck.) Thus, I don’t have to talk to too many before a deal pops out because I’m only contacting hyper motivated sellers in the first place.

I’ve had the best success recently focusing on sellers with houses that have big 2nds that are in default. They usually have close to zero equity and the sellers can’t sell the house so they’re easy to pick up subject-to, and the 2nds are easy to discount down to $500 or $1000 because those lenders know they get nothing if the house goes to the foreclosure sale. It’s the best of both worlds for the investor, the house is easy to buy and the note is easy to discount and create a big gob of equity.

As far as the marketing being affordable it’s the ultimate. You don’t have a huge mailing bill because you’re only sending out 100 or so letters. But the letters are super focused. If any one of the sellers calls you, you “know” there’s a pretty hot deal on the other end of the line. Anyway, you get the idea.

Direct mail rules! If you want a resource on it check out www.motivatedsellermagnet.net. It’s kind of old school but it’s affordable, and it tells you how to “think” to come up with your own marketing campaigns to get ultra motivated sellers calling. It’s how I came up with this marketing campaign and it’s rocking right now. I almost don’t want to post about it, but hey, you’re not in may market so, what the hell, I may as well help a fellow investor. I had people help me when I was getting started so ... may as well spread the love.

Make some money. Good Luck.

[Malok]

Live links in posts = frowned upon.

[Jeff Casterline]

They would get permission to advertise other agent's lease properties on Craigslist and try to get a quick lease.

Jim,

So Craigslist is a good spot to advertising rental properties? I didn't even think about that.

[brandonre]

So Craigslist is a good spot to advertising rental properties? I didn't even think about that.

Yes Jeff, Craig's list is a very good way to get your rentals rented. You would be suprised that it does work well. Just be prepared for some scams that people oversees try to run on there,usually they are obvious once you see them.