Creative Capital Podcast 315: How To Make Data Driven Decisions in Real Estate
Creative Capital
Josh Ferrari
5 • 1.1K Ratings
🗓️ 7 November 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Welcome back to this week's No Limit Minute! This week we are discussing how to make data driven decisions in real estate. We will talk about why you need to be tracking just about everything if you want to set yourself up for success. From daily activities to phone calls with brokers, track it all!
Transcript
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| 0:00.0 | What's going on everybody? Welcome back to this week's segment of the No Limit |
| 0:08.0 | Minute and I wanted to talk about something today that I truly believe 90 to 95% of you likely are not currently doing. |
| 0:20.6 | Now this is no life altering advice. This is nothing earth shattering. Let's put it that way. |
| 0:30.3 | It might actually be life altering, but not earth shattering. |
| 0:33.8 | It's not something you've never heard before. |
| 0:36.4 | Something simple that if you do it, and if you do it consistently, you will absolutely move the needle and start to become one of the most successful real estate investors in the world. Now that's a bold promise. How can I deliver on such a bold promise? |
| 0:56.8 | Well the best way that I'm going to be able to do that is by telling you what the heck it is that I'm actually |
| 1:01.6 | talking about and that is tracking. |
| 1:05.0 | How many of you are actually tracking what you're doing? |
| 1:08.0 | How many of you're tracking how many phone calls you're making a day? |
| 1:11.0 | How many of you are tracking how many offers you're making a week or a month? How many of you are tracking how many deals your underwriting? How many deals are you underwriting that don't make sense? What was the criteria that made |
| 1:28.9 | it not make sense in the deals that you spent time on and underwrote that didn't make sense. |
| 1:35.2 | Why did they not make sense? |
| 1:37.3 | How can you make sure that the new deal flow that you target or receive from brokers or |
| 1:41.3 | paid, paid traffic or what have you actually comes in and is a profitable deal. |
| 1:48.0 | How can you do these things? |
| 1:50.0 | Are you tracking how many phone calls you're having with brokers? |
| 1:52.0 | Are you tracking how many phone calls you're having with brokers? Are you tracking how many phone calls you're having with passive investors if you're looking to raise a bunch of money? |
| 1:56.6 | Are you tracking? What are you tracking? The things that you track in your life are going to be the things that you actually see positively move the needle forward |
| 2:09.2 | Quite literally anything that you track anything that you pay attention to will be better. |
| 2:15.6 | You think about people that are really fit, right? |
| 2:17.9 | They're usually tracking how many carbs, how many calories, |
... |
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