How soon can I expect to do a deal by studying your QLS program?
That will depend upon your experience. If you’re brand new it’s too early to tell but based on our experience you should plan on 30-150 days. We can help you more with that after you’ve gone through the complimentary webinar and your Strategy Call.
Do I need a license?
Chris talks about this extensively in his book REAL ESTATE on your terms but the short answer is that you don’t need a license in most states to buy and sell your own property.
Here’s a small excerpt from the book:
Generally speaking, if you have an equitable interest in a property or own a property, you are acting on your own behalf and are not conducting a service for others for a fee and, as such, you do not need a license.
Some states do require a license to assign an option. With the advice of a local attorney, you can adapt YOUR TERMS, or you can add a real estate agent to your team. In Florida, a person who is not a principal in the company needs a license. (For example, if you hire an acquisitionist on your team—like Zach is for us)—he or she needs a license.
How do I know what forms to use for each deal I do?
We actually share all of our forms that we’ve paid our attorneys 10’s of thousands of dollars to customize for our types of transactions. As an owner of the QLS Program and University members you will have full access to those. You’ll want to have your local attorney review them to insure you’re in compliance. Some states have already been vetted as we have Associates in those states doing deals.
There are a lot of mentors, teachers and speakers in the Real Estate industry, what makes you different?
We’re not aware of many (if any) family teams mentoring AND simultaneously working in the trenches doing deals. We are constantly updating our techniques, contracts, etc. to the current market. We’re also not aware of a Associate Program like ours in which you have access to all 4-5 team members plus other Associates to brainstorm with.
How do you guys generate leads, I heard it costs 10’s of thousands to mail?
We don’t do a lot of mailings and do not suggest anyone start like that – it’s too costly and not as predictable as other methods of lead generation. We generate approximately 50% from our Virtual Assistants’ team who specialize in FSBO (For Sale By Owner Leads) and another 50% from an automated Expired Dialing Process that we’ve perfected in house and is available to all members and Associates.
How many hours do I need to put into this per week?
That will depend upon your goals, your present experience, skill sets and more. After you go through the Quantum Leap Systems Home Study Course and do your free Strategy Call with us, we can help you determine the exact time commitment. Most of our students work a full time job (at least at first) and can afford to spend 5-10 hours weekly.
Will this work in my market?
Real Estate has been done in your market for decades before we existed and will continue to be done after we’re gone. There may be nuances we can assist with in your market and we’ll determine that on your strategy call.
Can I do this if I have no experience?
Sure, you need only be coachable. You also will want to manage your expectations for results. This is not a get rich quick but if given the proper amount of time (what business do you know that doesn’t require that) and learning, you can and will become quite effective. We don’t suggest entering this field brand new if you’re not willing to commit to it for 12-24 months bare minimum.
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Please note that Chris Prefontaine or Chew Publishing, Inc. DBA/ SmartRealEstateCoach.com earnings are in no way average and that any examples provided should not be considered typical as your results will vary on many factors. If you think you can get rich by simply clicking a button or allowing others to do all the work than we recommend you do not invest your money in any educational program or business tools it will not be a good investment. Our team is here to support you and we hope that you make buying decisions because you are also dedicated to success.
From time to time we send emails promoting other company’s products or services and may earn commission for doing so. It is important to realize that while we only send products that we believe will help your business, we do not recommend investing into anything without doing you own due diligence. Like with anything in life, in order to succeed you will need to put forth effort and be persistent. And finally, any information provided is education and cannot be taken as legal or financial advice.
We are not attorneys. Laws change in every State from time to time. Always check with your attorney before buying and/or selling real estate for the applicable laws, etc. These laws may or may not affect some of the techniques we teach. There are no laws to our knowledge that can STOP you from profiting in real estate, but you'll need to seek a qualified local real estate attorney.
As of the posting of this disclosure, we are aware of laws in the following areas that are different from the other States. This is not all inclusive and only those that we are aware of:
- Texas-lease/purchase restrictions unless you comply with local changes.
- Maryland-foreclosure laws within 20 days of foreclosure. We don't teach foreclosure. Some restrictions buying subject to existing mortgages.
- North Carolina-comply with 3-day right of rescission as well as recording agreements when doing lease/purchase.
- California -Foreclosure property laws. We don't teach foreclosure.