How to Get Your First Check, Step-by-Step

Posted on October 9, 2013 by

Several members have asked me to lay out the steps required to get your first check with a detailed description of each. That’s exactly what you’ll get, but it’ll take several editions to get it done. You may want to copy these lessons and build your own manual as we go.

Here are the steps all in one place to do a simple ACTS or sandwich lease option deal, which is the fastest way to get a check for $5,000 or more. But, before I go there, you may want to take the shortcut and order my Control Without Ownership course where it’s all in one place with everything you need from beginning to end. It sells for $997, but if you call 800-567-6128 and ask for the Mentor discount, you’ll get $200 off. The hard truth is, if you don’t, it’ll cost you many times that amount.

Okay, here we go…

Buying Steps

Step 1 – Locate Prospects

We’ll discuss using my property information sheet correctly and calling FSBO ads. That’s all you need to do and not many of them, and the cost is zero. Do you like your operating cost so far?

Step 2 – Prescreen Prospects

This becomes easy with my new property information sheet since it does it for you. And that, combined with the follow-up script of questions to ask when you get the right answers on the sheet, prescreens your prospects.

Step 3 – Construct and Present Offers

You’ll see how your offers fall into place when the seller has given you the right information. For the most part, they are making offers to you.

Step 4 – Follow-Up

This is where we get it in writing and take control, and also make sure our prescreened prospects from last week or last month don’t get away.

Step 5 – Close Quickly

Once you complete step four, you have closed quickly on the buying side because you have a signed contract. That’s all there is to closing a lease option purchase.

Your total cost to complete these steps is zero.

Selling Steps

Step 1 – Locate Prospects

Now we must get buyers calling us, and it will be done with free ads and signs.

Step 2 – Prescreen Prospects

Yes, I know, these steps are looking familiar, because they are for buying and selling in any business.

You’ll see how to quickly weed out the good prospects and whack the junk, and how to put it on auto-pilot.

Step 3 – Construct and Present Offers

Once we know what interested buyers have to work with, we’ll let them tell us the most they can pay down and per month in the case of sandwich lease. They’ll construct and present offers to you.

Step 4 – Follow-up

Time to meet the prescreened buyers and get a deposit and get a few facts straight so we can set up the closing with your attorney a couple days later and get the rest of your check.

Step 5 – Close Quickly

Your attorney will get your money, keep you legal and do the paperwork. Once the meeting is over in step four, your job is to examine the documents and get a check.

Step 6 – Celebrate and Do it Again!

Yep, this one will require some discussion as well.

Step 7 – Get it automated

Now, let’s get almost all the work off you and onto some inexpensive help called virtual assistants so you can do more deals with less work and turn this into a real business and six-figure income.

Your first check is the most important one you’ll ever get. It’s the difference between staying in the business or getting sucked out by dream stealers. It’s the turning point in your career, and the sooner you get one, the better chance you have of surviving.

We call it the shut-up check. When dream stealers come at you, hold up a copy and say, “Shut-up and go away.” Once you have proof, not just talk, you’ll see your confidence skyrocket and the negative input dwindle to none. Get a few checks, and no one can stop you.

You’ll need very little money to take the first check journey with me. In fact, you can do it without spending a dime if we exclude things like gas, copies, internet hook-up and cell phones, which you’re paying for anyway.

Your credit is irrelevant. You’ll never use it, no one will ask. There are no applications or credit checks on you, so your past is not an excuse. You don’t even have to be a citizen to do this, so kill all the worthless excuses. None will work with this old dog.

Excuses are for Losers. Winners Get Checks.

You’ll need a few things to get started, but no big deal. Here’s a list:

  • Cell phone
  • My property information sheets – go to www.RonLeGrand.comand watch the 17-minute video on the home page called Virtual Assistant Training and download this form
  • A lease option agreement – located on your Gold Club membership site. We’ll address this when we get there.

ll you need to get your first deal under contract except some training and scripts.

So, you can take the shortcut and order my course or take your time over the next several months, but it’s game on, so buckle your seatbelt!

Ron LeGrandRon LeGrand is the world’s leading expert in residential quick turn real estate and a prominent commercial property developer. Ron has bought and sold over 2,000 single family homes over the past 30 years, and currently owns commercial developments in nine states ranging from retail, office, warehouse, residential subdivisions and resort

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