If you’re ready to send targeted, ready-to-sign cash offers to landowners, the Investment Dominator makes it simple. The Investment Dominator CRM system comes with the ‘LPG Blind Offer‘ deal flow already mapped out and ready to go. Right out of the box we also include the Blind Offer document templates pre-defined under the ‘Campaigns‘ section. This means you can quickly conduct your first Land Profit Generator (LPG) blind offer campaign without having to “reinvent the wheel”.
Sending blind offers to landowners is a powerful way to acquire properties at a discount, but it should only be used in areas where you have already completed deals. If you’re new to blind offers, one important thing you should know is that it’s recommended to first do a LPG Neutral Letter campaign in the area and close a few deals to confirm that it’s a hot market. Once you have experience and know the area well, you can follow up with a targeted blind-offer campaign.
This guide walks you through each stage of the Investment Dominator 2.0 workflow.
The Step-by-Step Process
Step 1: Select a Target Area and Import Records
Start by choosing an area where you already know the land market or have completed deals. In the Investment Dominator system, use the ‘Find Deals’ wizard to:
- Select your target county and filter for vacant land that meets your buying criteria.
- Import those property owner records directly into your CRM, into the ‘LPG Blind Offer‘ deal flow, under the ‘Prospect’ stage, and the ‘Pending Preliminary Research’ status.
Step 2: Set the Offer Amounts
Use the ‘Bulk Changes‘ action to set your ‘Offer Amount‘s on a per acre basis. Adjust individual records, if needed, to reflect property-specific considerations.
Step 3: Generate and Mail Your Offers
Launch the ‘Blind Offer’ campaign from the ‘Campaigns‘ section to:
- Automatically merge your property data into pre-written Blind Offer letter templates.
- Create professional, ready-to-send documents.
- Send the campaign details and records to your preferred mail house for printing, stamping, and mailing, then move these leads to the ‘Offers Made‘ stage and ‘Blind Offers Sent‘ status in your Deal Flow so you can track the progress of the campaign properly.
Step 4: Secure the Deal
When a seller accepts your blind offer:
- Confirm the agreed price and terms.
- Sign the purchase agreement.
- Open escrow and complete your detailed due diligence.
- In the system, move the property record into the ‘Buying‘ stage and the ‘Open Escrow – Detailed Research‘ status of the ‘Deal Flow‘.
Step 5: Market and Sell the Property
Once you’ve purchased the property:
- Prepare marketing materials, photos, and listing details with the help of the AI Copilot.
- Post the property on your Selling Website by updating the ‘Listing Status‘ to ‘Public’ under the ‘Edit Property> LISTING‘ tab.
- Use the AI Copilot to generate compelling ad copy that you can post on popular real estate marketplaces to drive awareness to your listing.
- Follow up with interested buyers.
- Negotiate with buyers and close the sale.
- In the system, move the property into the ‘Sold’ stage and the ‘SOLD‘ status under the ‘Deal Flow‘ tab of the property record, marking a successful end to the ‘LPG Blind Offer‘ campaign.
Recap: The LPG Blind Offer Deal Flow
Below is the visual representation of the LPG Blind Offer Deal Flow, showing your actions on the left and the corresponding CRM stages and statuses that your property records move through on the right.
Pro Tips for a Successful Blind Offer Campaign
- Choose a great targeted area: If it’s a new county, start with a LPG Neutral Letter campaign first and close a few deals before sending out your blind offers. Focus on homogeneous neighborhoods that have similar properties.
- Double-check your data: Make sure names and mailing addresses are correct before generating your blind offers. Use our ‘Skip Tracing‘ action to find out if the owner’s address is correct.
- Keep your offers competitive but profitable: Research sold comps using the ‘Property IQ‘ wizard and find out the a competitive offer price per-acre amount.
- Track the property through the Deal Flow: Moving your property into the next status of the deal flow ensures that you can track your deal with complete visibility through the entire process.
- Batch your work: Do your research, pricing, and mailing prep in chunks to save time. Utilize the ‘Bulk Changes‘ action to update properties in larger batches.