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Cris Chico is commonly known as the GODfather of modern virtual wholesaling. And with a successful virtual wholesaling business that has flipped over 116 houses and generated over $1,452,108 in profits, he has earned the title.
Indeed, Cris currently operates a very successful virtual wholesaling business, and he has intentionally developed this business with an acute sensitivity to the E-Myth*. Essentially, he focuses most of his efforts on guiding his team successfully, rather that slaving away personally to address all the related minutiae.
*If you are not familiar with Michael Gerber’s E-Myth book, here’s the big idea: The E-Myth is all about the “Entrepreneur Myth”, which prevents most so-called “entrepreneurs” from actually being entrepreneurial. Unfortunately, most entrepreneurs get so distracted by the minutiae of their enterprise that no real business-building ever occurs! Many folks here at Real Estate Mogul have enjoyed applying Gerber’s E-Myth principles to our own real estate businesses, and we highly recommend getting your own copy now, if you haven’t done so already.
It is true that you must learn how to do every aspect of your business – but in order to successfully grow your business, you need to learn how to (i) create a franchise-like model and (ii) “pass the baton” to other well-equipped teammates.
Cris Chico has done this successfully for his own virtual wholesaling business, and in today’s lesson, we encourage you to follow in his footsteps by “working on your business” rather than “working in your business”. So take a moment to get caught-up on the godfather’s Step-by-Step Checklist for Virtual Wholesaling Success, then read on as Cris explains exactly how he manages his supporting cast of All-Star teammates …
Mogul: So, Cris, what does your day-to-day business look like?
Cris: In all honesty, if you were to come and watch me work, my business might seem a little boring. My business is a little different than most real estate investors, because I don’t talk to very many buyers and sellers anymore. Once I became successful with talking to buyers and sellers, I learned that I really didn’t enjoy talking to them!
Talking to buyers and sellers is one of the most important aspects of this business, but it’s not something that you have to do personally. I know there are capable people out there who are way more inclined to talk to buyers and sellers than I am.
Accordingly, I now employ an “acquisition person” who actually talks to the buyers and sellers. His job is to (i) return phone calls to all the motivated sellers we meet and (ii) negotiate with them.
I talk with my acquisitions manager about once a day, to discuss the deals that we are currently working on. And this allows me to focus my time on what I do best: I do all of the marketing, and I create the entire infrastructure of my business. My main job is to pretty much oversee the entire operation.
Mogul: What does your team look like?
Cris: My team currently consists of only four main people:
Mogul: Can you explain a little bit more about what your VA does for you?
Cris: The VA processes the lead, but does not engage the actual sellers. He does the initial handling and then sends it off to the acquisitions manager who takes it from there.
Mogul: How do you and your team sell the property?
Cris: We have built a buyers’ list using direct mail. We search for the most recent investors that have purchased property in our target areas, and we continue to increase that list every month. Basically, the minute we have a property for sale, we put it up on our web site in its own specific market.
Then an email gets sent out to all of our buyers. Once we do that, we start to receive calls and get interest in the property, and then we can move the ball forward. Then we start coordinating shows and get the property sold.
Mogul: Who puts the property on your website and distributes a notice to your buyers’ list?
Cris: I do have one web guy who puts the property on our web site. Then my acquisitions person hits the “Send” button on the email.
Mogul: Do you have any full-time employees, or is everyone working part-time?
Cris: We only have part-time. The VA is part time, the web guy is part-time and my acquisitions manager is an independent contractor. The acquisitions manager gets a percent of every deal we do together.
Cris just shared some helpful information that you can now begin applying to your own real estate investing business. Start considering the E-Myth in your own business, and stop agonizing over every aspect of your operations!
Nourish Your Mind – If you haven’t done so already, grab a copy of Michael Gerber’s E-Myth book.
Systemize Your Business – Create a system of easy-to-follow steps for each process in your business.
Outsource & Delegate – Identify the #1 source of frustration in your real estate investing business and outsource that task to someone who might be more interested in that responsibility.
Is there a topic you'd like to learn more about? Request a Lesson
is a successful real estate investor in Florida who specializes in wholesaling in local and long distance markets. Over the last two years he successfully flipped 116 properties and generated over $1,452,108 in profits. He rarely personally inspects any of the properties that he flips or meets with any buyers or sellers. In fact, most of the markets that he operates are thousands of miles away.
Module: Business Development
Expert: Cris Chico
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Real Estate Mogul LLC
5023 W. 120th Ave, #102
Broomfield, CO 80020
This document describes Real Freedom Inc's Purchase Agreement. When you
complete a purchase from Real Freedom Inc, you agree to the terms of the
Purchase Agreement. Please read this document carefully.
This agreement is a contract. Under the terms of the contract, you receive
certain rights due to you from Real Freedom Inc, and you, in turn, give us
certain rights that affect you. This contract also contains provisions that
delineate and restrict your rights about refunds and warranties and that limit
Real Freedom Inc's liability.
Real Freedom Inc reserves the right to not conduct business with you if you do
not agree to the terms set forth in the Purchase Agreement.
Your agreement with the contents of this Purchase agreement is a material part
of the legal consideration that Real Freedom Inc requires as a condition of
Parties to this Purchase Agreement and Disclaimer
The parties to this agreement are RealEstateMogul.com and Real Freedom, Inc,
hereafter "SELLER," and you, the prospective purchaser, hereafter "BUYER".
Persons or entities who are not participants in this contract but who have an
indirect relationship, such as a supplier, joint venture partner, membership
organization, or sales affiliate, are herein described as "THIRD PARTY OR
THIRD PARTIES." The recipient of the product herein sold, where said product
is ordered by and paid for by someone other than the recipient, is classified
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Subject Matter of this Purchase Agreement
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described in Seller's promotional or sales materials of Seller and/or in an
email referencing this website, and said website and/or email and its contents
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complete description of the product, service or membership that is the subject
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or right, and include all sales or promotional materials.
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or annually recurring fee. Please see the payment terms on this order page.
Purchasers will be called and offered additional trainings. By purchasing you
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information related to such fraud.
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bank fees, or if he causes a fraudulent dispute claim that results in a
chargeback against the Seller's account, that the Seller is authorized to
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the extent that will make the Seller whole. Buyer may also be liable for
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the information, content, materials, products or services included on or made
available through RealFreedomInc.com is free of viruses, worms, or any other
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To the fullest extent of applicable law, Seller disclaims all warranties,
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including but not limited to the use of the product personally or in business,
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SELLER CONTACT INFORMATION
The Seller of this product is:
Real Freedom, Inc.
PO Box 48617
Tampa, FL 33646
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2022 Real Freedom, Inc.
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Real Estate Mogul LLC
5023 W. 120th Ave, #102
Broomfield, CO 80020
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© 2022Real Estate Mogul LLC
Real Estate Mogul LLC
5023 W. 120th Ave, #102
Broomfield, CO 80020
FROM PRESTON ELY - MY PERSONAL DISCLAIMER TO YOU
Hi - we do everything in our power to run a good, clean business and help people succeed.
We've been in business for nearly a decade. Our mission is simple: help 1,000,000 people live lives of greater freedom. That's what gives us juice and passion.
Unfortunately, there are people and companies who do bad things and make products that don't work at all or don't work as advertised. That behavior hurts everyone.
The bottom line is there is no such thing as magic. There is no magic unicorn that will appear on your doorstep and start pooping gold bars or giving you free money.
Just because people in this program have made lots of money doesn't mean or imply the same will happen to you. In business, and in life, there are no guarantees.
Any one of the people who we happen to feature in this program have a BIG WHY - they want to make a difference and help themselves, their families, their employees and customers succeed. They want more and they apply themselves, they get outside of their comfort zones, acquire new skills, work like crazy, make mistakes, and fail, BUT THEY DON'T GIVE UP.
They implement. They don't quit. They serve. They didn't blame someone or something else for their mistakes or failures - instead, they do the HARD WORK that it takes to make a difference.
They use our tools, systems, psychology, mindset, training, community and events to succeed.
If you're the type of person that isn't willing to roll up your sleeves, learn, explore, grow and focus on helping other people succeed, our programs aren't for you.
If you're a blamer, whiner, malcontent, or just downright lazy, our programs aren't for you.
But if the content is this program and our videos resonate with you - and you can see the possibility and potential that this can work for you, then WELCOME HOME. You're in the presence of REAL PEOPLE who are helping REAL BUSINESSES succeed, thrive and survive.
It would be both mine and my team's pleasure and honor to serve and support you so you can EARN MORE, LIVE MORE and GIVE MORE.
Preston Ely, CEO
FULL EARNINGS DISCLOSURE:
RealEstateMogul LLC. (The Company) does not guarantee income or success, and examples shown at RealEstateMogul.com do not represent an indication of future success or earnings. The Company declares all information shared is true and accurate, and any claims made of actual earnings or examples of actual results can be verified upon request.
The earnings, revenue and profit results that a customer will generally achieve in circumstances similar to those depicted in the endorsements and testimonials on this site depend on many factors and conditions, including but not limited to, work ethic, learning ability, use of the products and services, business experience, daily practices, business opportunities, business connections, market conditions, availability of financing, and local competition, to name a few. Because of impediments due to any one or more of the foregoing and other factors, it is generally expected that no earnings, revenues or profits will be achieved with the use of any products or services advertised on this site in circumstances similar to those referenced in any endorsement or testimonial.
Each of the purchasers of our products and services who have provided their endorsement or testimonial for use on this site have received a refund in the amount of the cost of the product and service in exchange for their endorsement or testimonial.