Cold Calling Sellers in Pre-foreclosure

In this video, ‪@michaeldfranke‬ cold calls sellers that are in pre-foreclosure. He intentionally just uses a cell phone and free skip tracing. The goal of this video is to show that there is a very low barrier to entry to investors starting to have conversations with motivated sellers. Michael has multiple solid conversations with sellers and actually set one appointment and several sellers agreed to want to speak again at another time.
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NIche | Real Estate with Michael Franke

[@michael_barcena_rei]

What everyone should pay the most attention to is the tone he talks in. That’s the key

[@michaeldfranke]

Tonality is definitely important. Appreciate you watching 💪

[@alexabad7595]

What software is he using that tells him the auction is in 13 days?

[@PaulA-ii7tj]

@@alexabad7595 public records

[@marialopez-ct5cq]

Thank you for sharing this video! It really helps especially being so new to this! Appreciate it

[@phoenixnesthomes7003]

I watched this vid and tried your strat. So much better convos. I may have saved someone being screwed big time . Just wanted you to know you helped nit only myself but a family in need today. Great work.

[@michaeldfranke]

I'm so glad it's leading you to have better conversations! That's great!

[@keyshawnachilsom6158]

best video call on preforeclosures there is!

[@michaeldfranke]

I'm so glad it was helpful! Thanks for watching!

[@Shelyboi]

I 2nd this

[@leadgenjay]

Impressive hustle with the cold calls, Michael! For those watching, remember that timing is key in pre-foreclosure situations. Touch base early in the morning or later in the evening when people are more likely to be home and willing to chat.

[@michaeldfranke]

Timing is important...but don't let perfect timing stop you from taking action

[@Shelyboi]

Out of all the wholesale youtubers this is probably the best video I've seen wow

[@Humblebeast.j9]

This is my first couple of weeks looking into this process, this live call was the perfect introduction as to how the conversation should go. I’ve got a lot of studying to do!

[@michaeldfranke]

Studying is great, but take action as well. You learn the most that way.

[@jeredozaeta513]

Love how you keep your tone together and in a calm way

[@michaeldfranke]

Have to keep a level head so you can hear what the seller is really needing

[@josephrojas951]

Wow that was gold! Thank you so much for teaching us all how to talk to sellers and do ethical business.

[@michaeldfranke]

Happy to help :)

[@user-em8fd8bb9i]

Phenomenal breakdown and love how your priority is helping the people out of their situation!

[@michaeldfranke]

Thanks for watching. I’m glad it was helpful.

[@kristyfrazier8728]

This is great and so very helpful. I haven't made my first call because of my lack of confidence. I feel much better about making these calls now! Thank you!!!

[@TradeHouseWorldwide]

This was AWESOME, thank you for making this video

[@jessschiele9019]

This is fantastic!! Thank you ❤️🔥

[@user-jo6qf5ep3o]

Dude your 1st contact was a tough one. I'm impressed.

[@michaeldfranke]

Just have to get the reps in

[@Shadowz227]

Yeah

[@deborahstruller5887]

Great learning experience! Thanks you so much for sharing this!!!!

[@michaeldfranke]

My pleasure!

[@bloominblinds9194]

love this, thank you for doing this for us Michael!

[@abbasraza2430]

This is 🔥. Thank you!

[@michaeldfranke]

I’m glad it brought some value 💪

[@issacindigopodcast]

Dude this is sick thank you 🙏

[@Shekira2008]

Awww your heart is for the people. And that’s why God will bless you more..

[@ibeeShop-hv3pn]

Amazing! I appreciate you sharing this with us 🙏🏻

[@michaeldfranke]

Glad you enjoyed it!

[@Sfwsolutions]

Michael that was insane watching I absolutely love this you are simply amazing giving exactly what we need to do this job! Thank you so much!

[@JoelAvilaP]

Amazing content. I was struggling with cold calls, and this was exactly what I need it. Thank you very much!

[@michaeldfranke]

I'm so glad it was helpful

[@cincyhomescashoffer]

Just got keep calling it gets easier more you do

[@neckhammockothermusthaves7476]

Jitters are officially GONE! :) Making my FIRST pre-foreclosure call today!! This was so GREAT!! We are CONSULTANTS! :) P.S. Are there nationwide websites like Milsap & Singer? That's a cool bonus piece of knowledge for the Seller! :) Good stuff! Working Memphis and Denver markets!

[@Stvwlsh]

So much learning from this video, this could potentially be a training video, continue creating contents!

[@michaeldfranke]

I'm glad it was helpful!

[@emmanuelarredondo1698]

Keep making more of this type of videos or have some of your guys make some videos as well. Thanks for the value!🙏🏽 Got some golden nuggets I can I add to my arsenal.

[@michaeldfranke]

I'll keep em coming!

[@vanillasf]

Great call, thank you

[@michaeldfranke]

Your welcome

[@Anna-gv3gr]

Michael, thank you so much for sharing this! This is priceless to actually see this done live! I've been looking for more education, so I can feel more confident. I have finally found it! Monkey see - monkey do! ))) One question, please mention a few key connections I need to nurture before I actually try to help homeowners. Will this be a foreclosure attorney, a title company, an investor friendly RE agent..? Maybe you could make a video on how to develop my network before diving in with the homeowners? Thanks a ton!

[@dtub10]

KZbin algorithms are crazy- Tell me why I just came from door knocking at a house that’s about to go to auction in about 2 1/2 weeks. There was a sign that said “DO NOT KNOCK: On Conference Call” but luckily I wrote a letter placed in an envelope and left it under a chair on the front porch. Time is so imperative that I totally skipped calling and wanted to get directly in front of the owner ASAP. Best of luck brother!

[@jerymeeregalado3428]

This is really helpful, Michael❤

[@michaeldfranke]

❤

[@allaboutruselia5283]

Great call! It highlights your motivation, Michael. Keep creating videos.

[@michaeldfranke]

Always ❤

[@pascual4764]

this was awesome good content bro

[@michaeldfranke]

I’m glad it was helpful 🙏

[@DesirableLibra777]

Yo i appreciate you and this video! How you break down options for the seller that’s what i desire to do! Thank you!!

[@DavidSmallRE]

Good stuff!

[@michaeldfranke]

Glad it was valuable 💪

[@YourRoofingPro]

First time watcher of the content. True professional and master of your craft!! Well done, sir. Which CRM are you utilizing??

[@michaeldfranke]

We use left main in sales force

[@anthonycasados8051]

This is too good

[@michaeldfranke]

I’m glad it was helpful 💪

[@anupkarki8237]

You will not assume the loan, you’ll take property subject to and make payments on behalf of the seller. Assuming loan is different. However, the tone you talk with seller is very good and kind of soft spoken helps in the situation with some empathy needed. Thank you for the info.

[@michaeldfranke]

Thanks for the correction. Ive bought 60+ houses subto, but got to keep terminology in check. Thanks

[@anupkarki8237]

@@michaeldfranke where you getting leads from? I am going to start out

[@reneemonegain503]

1 page purchase agreement, keeps it simple. It's definitely not the subto agreement . ❤❤. Would you be willing to share that., because I feel a simple agreement in these delicate situations would be very helpful. Peace and Blessimgs I just started watching you. I've helped in two preforeclosure here in AZ. We stopped one and the seller wanted to go the shortsale route. I was the buyer and it was approved at 150k in 2020. The gurus turned it down, and Zachary Kepes gave me the money to buy it. It was an awesome experience to help. I have a passion for this one because I lost our home in IL to preforeclosure in 2017, and walked away with nothing. I just discovered you, and am looking forward to learning more, from you. Peace and blessings... thank you

[@michaeldfranke]

My Subto agreement is much much longer. Definitely a different agreement entirely.

[@cherylalhassan3543]

My son is part of CG and learned of your training through CG. Your training was phenomenal! I work with my son in real estate and it has been a great source of income. But....helping people with pre-foreclosures has shifted my mindset to now having a passion for working in real estate. I, too, am a believer and love how you share that. You have ignited a fire in me to help people and I am so excited. One question I have is for Millsap & Singer, how do I find the address using the MS File #? Thank you for all you do for people. I just love it!

[@michaeldfranke]

I'm so glad it's been helpful!

[@ArtisticallyAspiring]

I would like to know how to educate myself on the different options you offered

[@JamesMyRealEstateGuy]

Great job. Where are you getting your foreclosure sale time and date information?

[@cincyhomescashoffer]

Cold calling pre foreclosures is best..ive been doing it over 20 years..have done some great deals

[@michaeldfranke]

Love to hear it 💪

[@adrianlammersdorf5620]

Great video! I haven’t done foreclosure calls yet, and this is going to help me a lot. Would you mind sharing your bankruptcy connection?

[@enginearproductions]

smoother than glass

[@michaeldfranke]

Appreciate you watching!

[@SherryXShi]

Thanks Michael. is it possible for you to teach us on : what system do you use? and how and where to hire a VA? and what do you use to filter the Do Not Call numbers?

[@Homesofhawaii]

What software are you utilizing to show when the FORCLOSURE sale date is? Thank you so much for the value!!

[@marianonareno]

Enjoyed watching this cold calling process. We can really see the reality of talking to these different sellers, hope everyone who want's to do cold calling may get all the important details and learned a lot in this video. Thank you Michael 😇

[@michaeldfranke]

Hopefully they can gain a few nuggets

[@YourRoofingPro]

Also, interesting to hear your acquisitions process from the first connection who canceled and signed with you. Do you have boots on the ground acquisitions agents nationwide??

[@michaeldfranke]

Currently we are just local, but we hope to be nationwide in the next few years

[@notyouraveragejohn69]

How to find these online up to date foreclosure records? Is there a nationwide site or maybe just a google prompt so I can search my county?

[@dienekes4364]

How would I find a website like Millsap & Singer for the state of Oregon? What search criteria would I use to find those sites?

[@MarioGonzalez-mj9qk]

Great content MIchael. What source do you use to get the leads and all the foreclosure information? Thanks

[@michaeldfranke]

All public data you can glean directly from the source at the county level

[@BSB_1111]

Where do you get the auction sale information from?

[@laurenashley9006]

Hi! What CRM do you use?

[@igor21s]

🔥🔥🔥

[@daviddoten6729]

you would think the phone companies would atleast scrub the obvious dead numbers off thier platforms. but they still allow these dead / bad disconnected numbers after 5-10 years to be circulated and recycled. in this day and age

[@TylerEsparza-ut3zh]

Do you ever go after or help out in other states ?

[@lFrisk3l]

What’s power dialer do you use?

[@michaeldfranke]

It’s baked into Salesforce

[@user-ux8yh9gq6k]

Is there a class for this to get more in depth?

[@jnkinc2009]

What do you do when nobody answers the phone

[@josephrojas951]

When starting out new in this business how did you build the relationships with the people who help you stop Foreclosures

[@michaeldfranke]

I will have a community launching soon that goes over every aspect of that. I will try to make a KZbin video soon over that though.

[@Trebon3zz]

@@michaeldfrankeHave you started this community and posted this video?

[@user-ux8yh9gq6k]

What is pre mls?

[@Legacy3Enterprise]

How would I approach a foreclosure attorney to work with my team?

[@DavidSmallRE]

Wondering this also!

[@michaeldfranke]

We don’t have a foreclosure attorney on our team. Our title agent used to be one. He’s well versed on all of that and helps us get sales stopped.

[@CMR-fv4iy]

Do you do any follow-up text messages ?

[@michaeldfranke]

Absolutely!

[@bradenbissell]

You have a good pitch but i would not be promising these people cash before even knowing the numbers or the price point the seller wants. We take homes subto with ZERO cash to seller. This way you dont get their hopes up and then have them cancel the sale because you are not performing

[@michaeldfranke]

Not my first day. Closed hundreds and hundreds of houses out of pre-foreclosure. Thanks for your perspective.

[@willsmith4575]

He’s lowkey got the Obama “uh” and it’s very disarming.

[@dblant7764]

Michael, I use TPS as well. It's hit or miss... my question is when you text a new lead for the first time do you text the same intro you use over the phone...?