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Dan Fradenburgh
Commercial Investor in Physical, Digital, and Mental Real Estate. Online Lead Capture and Sales Funnel Architect and Consultant - Author - Host
Dan Fradenburgh is a real estate investor who helps clients in lead generation and contact management using technology.
He co-general partners on deals, assisting individuals lacking time or knowledge but aiming to expand their property portfolio without compromising their daily responsibilities.
Dan hosts a podcast where he interviews investors and promotes his weekly meetup.
He also manages 'Real Estate Entertainment' websites and offers services related to list building, lead collection, and CRM strategies through FunnelFixing.com.
Dan Fradenburgh holds a degree in Electrical Engineering from Queen's University.
He is the owner of FunnelFixing.com, previously known as AffordableVAs.com.
Previously, he held the positions of Chief Technology Officer, Director of Technology, and Lead Developer at Strategic Real Estate Coach.
He also has experience working at EmergencyVAs.com, Web.com, 1ShoppingCart.com, and 3Dme.biz.
Highlights
I'm a real estate guy, but I have to seem a little bit like I have shiny object syndrome... In the past, I've done interviews with people who've done amazing things like John Ballenger who's flown the last two presidents on Marine Force One.
Here it is!
METHOD 2 OF 10 (posts) ON HOW TO FAIL AT REAL ESTATE (All similarities to people living or dead are coincidental)
Pivoting your career, or even creating a side-hustle is challenging.
You’re responsible for answers, and it’s often off the top of your head.
It’s a lot like having kids: You need to be at least 4 WHYs or WHAT-IFs deep before you’re ‘off the hook’.
Here’s an example of what I mean… Even though there are lots of ways this conversation can go:
- You should invest in real estate. WHY?
- Because inflation and taxes eat away at your savings. WHAT IF THERE’S A FIRE OR HOOLIGANS?
- Insurance is a key part of real estate investors’ strategy for those reasons. WHY NOT STOCKS?
- Because that centralizes power with the purchasing power of your money in Wall Street and therefore Washington DC instead of communities. WHAT IF THERE’S A REAL ESTATE CRASH?
- Buying right means you don’t say ‘yes’ to a property UNLESS you have a double digit buffer to compensate for fluctuations in value and expenses such as taxes, insurance, utilities and whatnot… In other words, you negotiate to buy at 70-80% of appraised value.
Most people would give up trying to disprove your theory at that point, but not everyone…
But the important thing to remember is that you CAN’T present yourself as an expert in your first few months, even if you are a savant who has near total-recall.
Before you get to that point in your real estate business that you know most of the answers to common questions, you need to know when to admit that you don’t know, and you need to reveal that you rely on someone (maybe an attorney, CPA, or deal sponsor) who DOES know the answer.
Yesterday’s post was about blowing up on people for not liking your offer, and today’s post has the same unhappy ending:
DON’T BURN YOUR BRIDGES BY CLAIMING YOU KNOW WHAT YOU DON’T
I know that my first investor knew more about real estate investment than I will for at least another five years, but there’s a stack of aspects of real estate investment that relates to my situation that the investor doesn’t and won’t need to know…
And the investor wired his capital because I knew enough to get out of the way when the limit had been reached.
My first KP knew that my level of experience didn’t hold a candle to his, and that didn’t matter, because he’d seen me own it. (So maybe you should, too!)
