22 Oct How Eric Brewer’s Investment Side Did 375 Transactions and Traditional Side Sold 75MM+ in Past Year
Eric Brewer talks about how he went from selling cars to flipping houses. Along the way, he learned how to lead other people to help his company wholesale, whole-tail, flip, and turn key 375 investor transactions while also doing 400+ retail transactions.
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Video Replay of Interview with Eric Brewer
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How Eric Brewer’s Investment Arm Does 375 Deals A Year While His Retail Team Does 75MM+ In Volume
With Eric Brewer, Integrity First Home Buyers
Oct. 21, 2020
About Eric Brewer
Eric Brewer joined CR Property Group in 2006. Since then the company has bought, renovated, and sold well over 2,500 homes in Pennsylvania. In 2017, he became an Owner allowing him to utilize his extensive background and experience in the acquisition, rehabilitation, sale of real estate, and to grow the brand to also include; Integrity First Home Buyers and Clear 2 Close Renovations.
Find out more about the Brewer Method at www.BrewerMethod.com.
Steve and Eric discuss Eric’s early experiences in real estate, how he and his partner build Integrity First Home Buyers, the massive volume the company does and how they find and evaluate deals, the importance of networking and education, and introduce the Brewer Method — using a Novation agreement to turn leads you would normally trash into big profits.
Top 5 Takeaways from Eric Brewer:
5. Find what you do well in your business, and hire the right people to do the parts you either don’t like or are not good at doing.
4. Good salespeople are usually messy and bad with paperwork; so let your salespeople do sales and hire detail-oriented people to take the paperwork off the salespeople’s hands. You will have much better compliance with far fewer errors, and much better sales because your salespeople won’t be grinding through the paperwork they hate.
3. Know your market and use your lead gen/data providers to help you define your target properties. It’s better to do fewer deals but make two to three times the profit than to run yourself ragged.
2. Look for ways you can legally differentiate yourself in hot markets. Right now, it’s a seller’s market and investors are competing heavily for properties. If you offer something unique, like the Brewer Method’s Novation strategy, you can position yourself as one of the few investors who can help sellers by getting the what they need from their property.
1. Every contract — every single one — should have a Novation provision in it. This gives you flexibility as the investor to offer Novation terms to a home seller, allowing you to close more deals that other investors cannot touch. The Brewer Method can show you exactly how to do this legally and ethically.
Bonus Takeaway: If Eric could go back and change anything, he would have paid for and used masterminds, education, and better networking with other successful real estate investors early on. Once he started using mastermind groups like Collective Genius and other training programs, especially business organization and management training, Integrity First Home Buyers experienced a 50% increase in transactions completed with less pressure, stress, and problems. Don’t put off getting educated on how to run your business.
About Steve Trang
Steve Trang is the founder of the Real Estate Disruptors movement and host of the Real Estate Disruptors Podcast. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a second leg to their business. The podcast has now grown to ten thousand followers with new members of the community sharing their success story every week.
Steve’s goal is to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want, if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s essentially one of the core values Steve lives by.