This is a recent comment I got on one of my other blogs
Here’s a link to it if you don’t want to read it here
There’s a problem with the buyer multiplier method:
It should be called the BUYER EXPLOSION method!
It’s hard to know where to turn when each round of doing it produces several investors who buy and sell many houses to many people, some of who also buy and sell many houses… So it’s looking like what you get is more like an explosion… 5 who each add 5 who each add more…etc…
I’m worn out already.
I started out using a list of absentee owners I already had, instead of the HUD buyers I was getting from using Eric’s HUD Hound method. Because, I mean: why follow Eric’s instructions when we already have our own ideas which so far haven’t worked?
It took me FOREVER, in a horrible tedious process online with the recorder’s office. Each absentee owner I had had only one or possibly two sales or purchases. However, I noticed that there was ONE guy a lot of them had bought from or sold to.
I took that ONE guy and looked HIM up at the recorder’s. BOOM! He did TONS of deals. Sounds like what Eric had described. So I thought: gee, maybe I should try actually following Eric’s instructions. So I tediously went through the humongous list of his recordings. BOOM!
I got several guys who ALSO did a lot of deals. I took just ONE of them and looked up his recordings. BOOM! Several MORE guys who do a ton of deals! WOW.
This is without having looked up the rest of the first SEVERAL guys who did multiple deals with the first guy.
Then I called the recorder’s office because I couldn’t believe they were all people with ownership interest in those properties. I thought: they must be clerks or officials who record things, or something else.
The recorder’s office told me that in the records I was researching, ANYONE whose name was in the TO or FROM field had actual owner interest and a name that had been or was on the deed in an ownership position.
So far, without even trying, I apparently have as many as 15 people who buy/sell large numbers of properties…EVEN in the past year. And that’s only looking at TWO big buyer/seller guys.
I still have to go through the rest of the guys who bought/sold lots from my first guy!
And that’s without going through the guys who bought a lot from my second guy…to see who THEY bought/sold to! Looks like I am going to have one HUGE buyer’s list.
But it’s really a lot of hard work… maybe I should start with these 15 or so buyers and see if I can get any of them to let me send them deals…. I’m gonna have to listen again to what Eric says on this…
I can only say: I could have thought of this. I should have thought of this. Why didn’t I think of this?
Hmmmmmm….. maybe it’s connected to why I am poor and Eric is rich….hmmmm…. perhaps I ought to follow more of his instructions…. Ya think?
This is scary; you get way way more buyers than I ever thought possible: It is literally EXPLODING! And these are people who actually ARE BUYING! Not just saying they buy houses!
My experience in the past has been to follow instructions only to get basically no results. I have felt like a prarie dog sticking it’s head up only to discover just silence, desolation and the wind, like the aftermath of a nuclear explosion…instead of the hoped-for results.
And that is what I at first thought was happening…. then BOOM!
And that’s why it should be called THE BUYER EXPLOSION METHOD!
Thanks Eric! You sure know your stuff. Now if Chicken Little here can turn this into dollars…
By the way… you keep right on painting your wife orange…. that’s what makes life worth living! Enjoy!
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