How I Made $500,000 this Year by Cold Calling Zillow FSBOS

TL;DR

Learn how the author made over half a million dollars by cold calling Zillow for sale by owner leads, and the key principles and strategies they used to achieve success.

Transcript

how I was able to make over 500 000 this year by cold calling Zillow for sale by owners what is up guys Zach in here and in today's video I want to break down and share exactly how I was able to make over half a million dollars by just cold calling Zillow for sale by owner leads clicking that live stream button and actually doing it guys for you in... Read More

Key Insights

• 🥳 Targeting Zillow for sale by owner leads that have been listed for over 100 days increases the chances of finding motivated sellers.
• 🥺 Lowballing the sellers can lead to successful deals, even if a high percentage of offers are rejected.
• 🥶 Consistency and perseverance are essential in cold calling and wholesaling real estate.
• 👪 Understanding the local market, median home prices, and average after repair value (ARV) helps in making strategic offers.
• 😷 Building rapport with sellers through active listening and asking questions is crucial in the negotiation process.
• 🥺 Cold calling Zillow for sale by owner leads can lead to success not only in closing deals but also in becoming a better wholesaler.
• 🥶 Delivery and presentation during cold calls can significantly impact the response of sellers.

Questions & Answers

Q: How many deals did the author close through cold calling Zillow for sale by owner leads?

The author was able to close at least one or two deals in each live stream session, resulting in over half a million dollars worth of deals over the course of 34 weeks.

Q: What is the key principle for success when cold calling Zillow for sale by owner leads?

The key principle is to target leads that have been listed for over 100 days, as they are more motivated to sell and may be willing to accept a cash offer below market value.

Q: How should the author approach lowballing the sellers?

The author advises offering no more than 75% of the listing price and aiming for a lower price, such as 60% of the listing price, to increase the chances of getting a favorable deal.

Q: What is the importance of staying consistent and not giving up?

Staying consistent with cold calling and maintaining a regular schedule is crucial for success. The author spent around 65 hours cold calling and was able to achieve over half a million dollars in deals.

Summary & Key Takeaways

• The author shares their experience of making over $500,000 by cold calling Zillow for sale by owner leads, with each live stream resulting in the closing of at least one or two deals, generating spreads between $10,000 and $20,000.

• They emphasize the importance of targeting Zillow for sale by owner leads that have been listed for over 100 days, as these leads are more motivated to sell due to changing market conditions and rising interest rates.

• The author advises lowballing the sellers, offering no more than 75% of the listing price, and targeting sellers who are willing to accept a cash offer below market value.