This is the only thing you need to check out before you start closing foreclosure deals! In this video, Pace Morby and Michael Franke dive into the key performance indicators (KPIs) that will help you achieve success in the highly competitive world of real estate foreclosure acquisitions. By tracking and analyzing these KPIs, you can optimize your door-knocking strategy, increase your conversion rates, and close profitable deals.
When it comes to door-knocking for foreclosure deals, having a clear understanding of the most effective KPIs is crucial. In this video, Pace and Michael dive deep into the metrics that truly matter, enabling you to measure your performance and make data-driven decisions. They discuss essential KPIs such as:
Conversion Rate: Find out how to track the percentage of door-knocking interactions that result in successful leads or closed deals. Discover strategies to improve your conversion rate and maximize your chances of closing foreclosure deals.
Response Rate: Understand the importance of measuring the number of property owners who reach back out after you knock on their door. Michael describes his approach to establishing meaningful connections with potential sellers.
Lead Quality: Michael talks about how he evaluates the quality of leads generated through door-knocking. Learn how to prioritize leads based on their likelihood of turning into successful foreclosure deals.
Time Efficiency: Discover how to measure the time it takes to close a foreclosure deal through door-knocking. Learn effective time management techniques to optimize your efforts and increase your deal-closing speed.
Deal Profitability: Understand the significance of tracking the profitability of foreclosure deals acquired through door-knocking. Learn how to assess the financial viability of potential deals and focus on those that yield the highest returns.
By tracking and analyzing these KPIs, you can refine your door-knocking approach, identify areas for improvement, and ultimately increase your success rate in closing foreclosure deals.
Subscribe for more real estate tips and tricks, and unlock the secrets to becoming a successful foreclosure deal closer. Don't miss out on this opportunity to optimize your door-knocking strategy and achieve remarkable results. Watch now and start closing foreclosure deals like a pro!
► Join The Subto Community & Learn Creative Finance Directly from Pace: ✌️
joinpacescommunity.com/
► Want to Become a Private Money Lender? 🐊 Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:
joingatortribe.com/yt
► Join Our Free Facebook Group to Connect with Michael & More of Pace's Students:
paceapproves.com/freefb-yt
► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:
jointoptiercommunity.com/
► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:
getcreativepodcast.com/
Chapters:
0:00 - Intro
0:37 - What are KPIs?
1:17 - How Many Doors Until First Deal?
3:26 - Why Knock 3 Times?
4:28 - How Many Appointments?
7:00 - Communication With Follow-Ups
8:42 - Average Profit/Deal?
10:14 - How Many Contracts Fall Through?
11:43 - Other KPIs
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
⬇️ Get My Exact Wholesaling Contract For Only $1 (I Paid Thousands) ⬇️
paceapproves.com/wholesalecon...
🔌 PLUG IN & SUBSCRIBE 🔌
✌️ Follow Me On Instagram: / pacemorby
✌️ Follow Me On TikTok: / pacemorby
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎