Real Estate Mentor: Who Makes a Good Acquisition Manager, Solocast Episode #13
As an author of one of the top real estate investing books, MY LIFE AND 1,000 HOUSES, Mitch Stephen hosts real estate investing seminars and teaches real estate investing classes to help anyone who wants to create additional income through real estate investing. From real estate investing 101 to advanced real estate coaching, Mitch Stephen has guided many real estate agents to advanced success!
Mitch Stephen has been a self-employed RE investor for 23+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen.
REAL ESTATE INVESTOR: Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 2,000 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and the selling of those owner financed properties.
Mitch is the author 3 books:
MY LIFE & 1,000 HOUSES:
Failing Forward to Financial Freedom
MY LIFE & 1,000 HOUSES:
200+ Ways to Find Bargain Properties
My Life & 1,000 Houses
The Art of Owner Financing
For more info about these books go to https://1000houses.com/books/
Real Estate Coaching:
Mitch offers Online Education, Group Coaching, and one-on-one Mentorships as it relates to all the aspects of Owner Financing and owner financed properties.
Mitch forged the creation of a mass texting software, LiveComm.com to help solve problems that arise when you get numerous calls from bandit signs and other advertising efforts to sell your houses.
The main reason Mitch wanted this system was to reduce the number of calls from potential buyers (that asked the same questions over and over) to a group of the most qualified buyers, saving time for the sales team. This solves that and much more to streamline your selling process.
What you’ll learn about in this episode from a top Real Estate Mentor:
- Some reasons you might want to consider bringing in an acquisitions manager to take on some of the tasks you’re handling on your own
- Getting your mindset prepared to invest in proper training for your new acquisitions manager
- Being sure to put some thought into deciding on what information you make available to your acquisitions manager and what to keep proprietary to the company
- The benefits of finding an acquisitions manager from outside of the real estate industry
- The importance of getting your acquisitions manager into the mindset of always putting the interests of the business first in any deal
- Why you might want to hire someone motivated by money and driven to do whatever it takes to get that next check-in
- How hiring someone with no motivation to strike out on their own can work to your company’s benefit
- Helping your acquisitions manager land a big deal or important contract by setting out smaller tasks for them to accomplish along the way
- The importance of keeping your acquisitions manager engaged by keeping the lines of communication open and providing constant feedback
- Inspiring your acquisitions manager to push even harder by making it a point to reward success right away
- Making sure you keep your acquisitions manager focused on their own job and not distracting with other tasks
- Why you might want to consider finding a permanent place in the upper hierarchy of your organization for an outstanding acquisitions manager starting to look for other opportunities instead of firing them
- The way it helps to carve out time to personally engage with your staff during monthly or quarterly outings
Real Estate Coaching Resources:
Learn More from Mitch Stephen, leading real estate mentor…
Real Estate Investing 101 – Owner Finance 101 Presentation
What Is Owner Financing – Episode 1: Who Is Mitch Stephen? Why is “Buy and Hold” a Myth? Why Owner Financed Properties?
Owner Financing Courses – Be The Bank: The Art of Owner Financing Mitch Stephen
Real Estate Investing Podcast – Real Estate Investor Summit Podcast Episodes
Real Estate Coaching
Learn how to stop being a landlord and start being the back with the help of Mitch Stephen’s Real Estate Mentor Program!