THE FIRST RESPONDER | Issue #1
48% of online real estate leads never receive any response at all (Real Trends, 2023). Not a slow response. ZERO response. And 78% of sellers work with the first investor who picks up the phone.
If you're wondering where your deals are going, they're going to whoever calls back first.
Ed's Take: Your Leads Are People in Crisis. Treat Them That Way.
Most investors think about leads as numbers in a pipeline. "I got 50 leads this month." "My cost per lead is $45." "My conversion rate is 2.7%."
But here's what those numbers actually represent: a human being who is stressed out, overwhelmed, and looking for a way out of a bad situation. They filled out your form or called your number because they want to move on with their lives. They want relief, and they want it now.
So what happens when they reach out at 10 PM on a Saturday and nobody answers? They don't sit around and wait for you to call back on Monday morning. They call the next investor they can find. And the moment they find someone who sounds like a viable solution, they stop looking. Done. You never even had a chance.
This is why speed matters more than almost anything else in our business. Not because of some sales tactic. Because these are real people in real pain, and the investor who shows up first is the one who gets to help.
The good news is you don't have to be chained to your phone 24/7 to be that investor. AI can handle that first response instantly, at any hour, on any day. And the technology has gotten to a point where it doesn't sound like a robot reading a script. You can have a normal conversation with it. It understands context. It responds like a human would.
At Elevista, we built a setup wizard that asks you five or six questions and configures everything in the background. You don't need to be technical. You just need to know what you want the system to do. That's it.
Nothing in our business happens until a motivated seller raises their hand and asks for help. The faster you respond, the more deals you uncover. And you build credibility with sellers who are already skeptical that anyone can actually help them.
Don't let your leads sit in a queue while they're out there calling your competition.
From the Blog
How to Scale a Wholesaling Business Without Scaling Yourself Into the Ground
Most wholesalers try to scale by working more hours. That strategy breaks at about 10 deals a month. Here's how to remove yourself from the bottleneck.
This Week on Real Estate Underground
Episode 186: Dead Retail, Live Returns with Neil Henderson (Nomad Capital)
Neil breaks down why dead retail properties are producing some of the best returns in commercial real estate right now.
Watch This
What's better for handling your leads: a virtual assistant or AI?
Try This Week
Time how long it takes you to respond to your next lead. Don't change anything. Just notice the gap between when they reach out and when they hear back from you. That number is the starting point for everything.
Curious how much that gap is actually costing you? Take the 60-second calculator and find out.
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