Due Diligence Checklist

After you get a property under contract you want to open up escrow with a title company and while they research chain of title, you’ll want to conduct your detailed due diligence on the property itself. While the property is in escrow, this is the time to find out any and all details about the property, so that you can still re-negotiate the agreement, cancel, or proceed with the purchase of the lot.

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How To Add Image Captions To Your Property Listing Photos

Image captions display below the public pictures you’ve uploaded to a property listing. They should describe the image so that viewers know what the picture is about as well as search engines scanning your listings.  Continue reading “How To Add Image Captions To Your Property Listing Photos”

How to Change The Default Offer/ Option Acceptance and Expiration Dates

By default, the system generates both your Offer and Option agreements with an acceptance date of 10 days from the date you generate the documents on. Also by default, the system generates your Offer with a 90-day expiration or close of escrow date and a 180-day expiration date for your Option Agreement. Continue reading “How to Change The Default Offer/ Option Acceptance and Expiration Dates”

How Tags and Tagging Records Work In The Investment Dominator CRM

Tags can be used to index Land, House and Contact records in the system without affecting their stage/status. You can use tags to keep track of mailing campaigns, interests, and grouped characteristics.

For example, say you wanted to test the results of two separate direct mail pieces; what you could do is tag one group of people with a “Letter A” tag and another group of people with a “Letter B” tag. After you send out your mail you could export your records to see how many people responded (moved to the next status) that had the “Letter A” tag vs the “Letter B” tag and this would tell you which letter was more effective.

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Stages vs. Statuses

A Stage in the Investment Dominator is an organizational group that contains records indexed with a predefined set of statuses.

The default Stages/Statuses of  Land Deals…

  • All In-Process
    • All statuses (including custom statuses), except for ‘FILE CLOSED’ and ‘ON HOLD’
  • Prospects
    • Prospect
    • Mailed Letter 1
  • Skip Trace
    • SKIP TRACE
  • Offer Requests
    • Pending Preliminary Research
  • Offers Made
    • Offer/ Option Sent
  • Buying
    • Open Escrow – Detailed Research
  • Selling
    • Complete – Ready To Sell
  • Sold
    • SOLD
  • On-Hold
    • ON HOLD
  • All Closed
    • FILE CLOSED

The default Stages/Statuses of House Deals…

  • All In-Process
    • All statuses (including custom statuses), except for ‘FILE CLOSED’ and ‘ON HOLD’
  • Prospects
    • Prospect
    • Mailed Letter 1
    • Mailed Letter 1 – Neutral
    • Mailed Postcard
    • Mailed Letter 2
  • Offer Requests
    • Pending Preliminary Research
  • Skip Trace
    • SKIP TRACE
  • Offers
    • Generate Offer/ Meet With Seller
  • In Escrow
    • Open Escrow
    • Found Buyer – Update Escrow
  • Escrow Complete
    • TRANSACTION COMPLETE
    • SOLD
    • PURCHASED
  • Follow Up
    • OFFER REJECTED – Follow Up
  • On Hold
    • ON HOLD
  • All Closed
    • FILE CLOSED

Custom Statuses…

Currently, any custom statuses that you create in the system will also be treated in the system as a Stage as well.

How to change the default Offer, or Option dates

The Investment Dominator builds in a default closing date of 90 days and a default contract expiration date of 10 days for both the Offer and Option Agreements. Continue reading “How to change the default Offer, or Option dates”

How To Search For, Or Filter/ Group Records

You can locate property records by using the ‘Search By’ option located at the top left side of the ‘Land Deals’ or ‘House Deals’ page. Continue reading “How To Search For, Or Filter/ Group Records”