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BiggerPockets Real Estate Podcast

176: How to Close 100+ Deals In Your First 18 Months with Tom Krol

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 26 May 2016

⏱️ 73 minutes

🧾️ Download transcript

Summary

Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale dealsand has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail on the exact methods he used to build out a highly automated real estate acquisition machine. And don’t miss the in-depth discussion on nine specific lists that Tom mails to; it just might change your business forever. Hang on tight — this show is about to rock your world! In This Episode We Cover: How Tom got started in real estate Why he had to sell his golf cart The biggest mistakes he made when starting out How he closed 100 deals in the first 18 months The attitude successful wholesalers have How to avoid “shiny object syndrome“ How he finds real estate deals What “the list” is What a motivated seller really looks like Tips for buying owner-occupied deals How Tom became successful in this kind of investing What you should know about “the rule of 5“ Tips for using a virtual assistant Why the money is in the database How much he spends on direct mail How many mailings per month he sends out A discussion on bandit signs How to get comfortable with making mistakes How many hours he works per week And SO much more! Links from the Show BiggerPockets Calculators Amazon Echo Podio Craigslist ListSource BRRRR Strategy Upwork Dreaming of That 4-Hour Work Week? This App Will Help You Get There! (Blog Post) FindMotivatedSellersNow.com BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris BP Podcast 173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones Books Mentioned in this Show The ONE Thing by Gary Keller Getting Things Done by David Allen The Millionaire Real Estate Investor by Gary Keller The 4-Hour Workweek by Timothy Ferriss The Four Spiritual Laws of Prosperity by Edwene Gaines Traction by Gino Wickman Tweetable Topics: “Progress not perfection.” (Tweet This!) “Imperfect action instead of perfect planning.” (Tweet This!) “Every single real estate deal, no matter what you do, starts with a good deal.” (Tweet This!) “You’re going to make mistakes whether you have 4 years of education in real estate or none.” (Tweet This!) Connect with Tom Tom’s BiggerPockets Profile Tom’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast.

0:02.0

Show.

0:03.0

176.

0:05.0

There's so much you don't need to know in order to do a deal and you just get in your own way.

0:10.0

You're listening to Bigger Pockets Radio. simplifying real estate for investors large and small

0:16.0

if you're here looking to learn about real estate investing without all the height

0:20.1

you're in the right place stay tuned and be sure to join the millions of others

0:25.2

who have benefited from bigger pockets.com. Your home for real estate investing

0:30.4

online. What's going on everybody?

0:32.5

This is Josh Dorkin, house

0:34.6

to the BiggerPockets podcast

0:36.0

here with my co-host, Mr. Brandon Turner.

0:41.3

That was very much like a, I don't know what like the prices right style or something. Yeah baby. Come on down! Come on! Yeah, look at you Mr Disney. You're back. Oh my goodness. I'm you know what I today's show like is just perfect timing for

0:58.2

for what has just happened. Yeah I am I am back I for those of you who don't know which is pretty much everybody I just went away for my first vacation in nine years.

1:09.0

Well, let me let me let me let that marinate for you. Yes, I have I have not taken an act you know I've traveled

1:16.8

I've had events and life events and things, but I have worked every all but two days up until this trip in which I took I think it was a total of a 10 or 11 days off in a row

1:28.8

Unbelievable the best week of my life

1:30.3

Yeah, I know it was. I know it was.

1:33.0

Well, the irony is.

1:35.0

I had the best real estate week of my life the week you were gone.

1:38.0

Coincidence?

1:39.0

I don't know.

...

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