Storage Wins EP419: Michael Franke — How a Former High School Math Teacher Closed $240K in Real Estate Deals, with 72% Profit Margins
Michael Franke closed 31 deals last year in his real estate business, which is run by him and his father. He was a math high school teacher who was struggling to make ends meet and real estate has been life-changing for him. Michael shares how he finds his high-quality lists, offers tips on taking your SMS marketing to the next level, and so much more!
Key Takeaways:
- Michael had several financial troubles in the beginning, but he was able to climb his way out of them!
- How did Michael get into real estate?
- Why was God taking Michael in a different direction from teaching?
- What does Michael's team look like today?
- How did Michael discover his 'genius zone'?
- How has Michael been able to achieve 72% profit margins?
- SMS marketing has been a strong contender in Michael's marketing strategy.
- Where is Michael getting his data?
- The harder the list to get, the better the list!
- How does LeadSherpa work?
- When should you transition from texting to the phone?
- Call back on the hangups! There can be gold in there.
- It's critical to get back to your callers quickly.
- How has Michael been managing his SMS leads on his own?
- Michael shares his investment strategy, between wholesaling vs. flipping a property.
- How has Michael adjusted his game plan with COVID-19?
- Why is whole-tailing Michael's favorite strategy right now?
- How do you know when it makes sense to whole-tail vs. wholesale?
- Why did Michael join Ascend?
- What's next for Michael?
- Michael had a lot of limiting beliefs and ASCEND has helped him overcome them.
Mentioned in This Episode:
Do you see the value in a High-Level Mastermind Community of Successful Entrepreneurs? Do you believe the right Coaching can help get you to where you want to go? Learn more about ASCEND, and let's have a conversation to see how we can help you ascend your LIFE & BUSINESS!
Let's Connect on Instagram: @alexpardo25 (and other Social Media platforms --- see links below)
Recommended Resources:
The Original Compliant Text Messaging System for Real Estate Pros (use code: flipempire)
Batch Lead Stacker: The Ultimate System For Real Estate Professionals Text Messaging Skip-Tracing List Manager And More!
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Tweetables:
"Part of the way we're able to stay so profitable is that we're not just sending mail or texts to a broad list. We try to really target it in and really try to figure out who has the most pain."
"Factor in your time. It's that thing you can't get back."
"As an entrepreneur, it's easy to isolate yourself. But it's truly rewarding to spend time with people who have the same mindset and just being in a community like Ascend is amazing."
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