93: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 23 October 2014

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many people take their time in building their real estate investing… but not today’s guest, who has used his incredible marketing skills to do more than 400 deals in the past five years! Erik Stark got his start after he had been flipping cars out of high school and wanted to move on to bigger, better things. Since then, Erik has tried his hand at wholesaling, as well as purchasing single family homes, commercial property, bulk estates, multi-family homes, and more — by his estimation, closing over 400 deals. Learn how he implements creative, eye-catching marketing techniques we can (almost) guarantee you’ve never heard of, as well as how he chooses which types of investments to make within his market. Erik’s business philosophy of adding value to others’ lives through his deals will leave you inspired, and his many unique tips will have you reaching outside the box for innovative ways to grow your business. Don’t miss out on this information-packed episode! In This Episode We Cover: How Erik got his start by flipping cars near Detroit Why embracing networking as a lifestyle can be life-changing The importance of focusing on a well-executed marketing plan How buying a house in a C-Class neighborhood can help finance a house in an A-Class neighborhood (see: napkin sketch below) The benefits of doing business in a market you know How to decide your focus within the real estate market What exactly a “swipe file” of competitors is and how it can help YOU An innovative way to execute direct mail when you don’t have the money What to look for in a partnership The genius marketing technique known as the “drunk letter“ The importance of loving what you do and waking up inspired And LOTS more! Links from the Show The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner Books Mentioned in the Show Don’t Get Voted Off Real Estate Island by Mike Cantu (not on Amazon) Principles of Marketing by Theodore N., Maynard, & Davidson, William Beckman Real Estate Rewind – BiggerPockets Community Book Connect with Erik Erik’s BiggerPockets Profile Erik’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You've heard us talk about it before. High interest rates are crushing real estate investors,
0:05.3	leaving even some of the best investors in need of funding now. But with today's liquidity crisis,
0:10.7	who can fill the demand? With Fundrise, America's largest direct-to-investor alternative asset manager,
0:17.0	you have the opportunity to.
0:19.0	Fundrise's new opportunistic private credit strategy was designed specifically for this new market environment.
0:25.0	Fundrise supplies high demand bridge financing on high quality assets with creditworthy borrowers.
0:30.0	Top real estate investors get the funding they need while you walk away getting paid a healthy interest rate.
0:35.6	To date, Fundrise has completed more than 500 million dollars worth of private credit deals
0:40.9	with an average net interest of 10.8%, and they've already amassed a pipeline worth
0:45.9	more than $300 million. Don't sit on the sidelines. You can take advantage of this unique window
0:51.5	of opportunity while it lasts with Fundrise's new private
0:54.8	credit strategy. Ready to start? Go to Fundrise.com slash pockets to learn more. That's
1:00.0	f-U-N-D-R-I-S-E dot com slash pockets.
1:05.0	This is a paid endorsement for fund rise.
1:07.0	Past performance is not indicative of future results.
1:09.6	All investments can lead to loss.
1:12.3	Are high mortgage rates killing your cash flow dreams?
1:14.8	What if you could score a 2.99% interest rate on your next rental. With rental
1:20.0	retirement you can't. Right now they're offering 2.99% seller financing on their
1:26.0	headache-free turnkey properties at cash flow over $900 per month on average.
1:31.5	I'm gonna stop reading this ad. I'm going to stop reading the set.
1:32.8	I'm going to go buy all the properties because you hesitated to go and take action.
	...

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