Why I Kept Going Broke Between Closings

Why I Kept Going Broke Between Closings

Why I Kept Going Broke Between Closings

I closed deals and still went broke between them. Here's the $69,000 house that paid me four times, the 20 contacts that fixed my pipeline, and why I put the whole system in The Real Before the Estate

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There's a picture agents love to post. Big check energy. Sold sign. Smile like the money's already spent.

I posted that picture too. What I didn't post was the month after. The quiet phone. The empty calendar. Me checking my bank account at a red light like the number might change if I looked at it again.

I wasn't a bad agent. I could sell a house. I just couldn't count on selling the next one, and there's a difference. A real one. It took me too long to see it.

Selling a House Doesn't Mean You Have a Business

That's the first chapter of my new book, and I put it first because it cost me the most to learn.

Here's the rule I end that chapter with. If you have to start a search for business every time a deal closes, you have transactions, not a business.

Read that again. Slowly. I had to.

A transaction pays you once and leaves. A business keeps working while you're at a closing table, at your kid's game, asleep. Early on, every closing of mine left. The deal ended, the money ran out, and I went hunting again like I'd never sold a thing in my life.

The Market Doesn't Know You Need Money

That's Chapter 2, and it's the coldest truth in the book.

Your landlord doesn't move your due date because your buyer got cold feet. The market doesn't speed up because your car note's due. I used to take a slow month personal, like the business owed me something for trying hard.

There's a rule in that chapter I still say out loud. Your bills can create urgency, but they can't create a pipeline.

Urgency just makes you loud and desperate. A pipeline makes you paid. Those are not the same thing, and confusing them kept me broke in nice clothes for a long time.

The $69,000 House That Paid Me Four Times

Let me tell you about the smallest deal I brag about.

I sold a client a home for $69,000. Small house, small check. Most agents would've closed that file, cashed that check, and forgot that man's name by Christmas.

I didn't. I kept him close on a simple plan. A real call now and then. A small gift here and there. No pitch. No pressure. Just staying in his world.

Over the next eight years, that same client did four deals with me.

Four. Off a $69,000 start.

That story's in Chapter 14, The Closing Isn't the Finish Line, and its closing rule is the whole lesson. Closing the file doesn't close the relationship.

Nearly half of my team's closings come from referrals and past clients. Not ads. Not bought leads. People we'd already served, who heard from us again at the right time. Now ask yourself where your last five closings actually came from. The book makes you do that math in Chapter 4, and some of you aren't going to like the answer.

You Don't Need More Leads Yet

Chapter 7. I know some of you just got mad. Good. Stay with me.

Don't buy another lead until you've worked the last one. That's the rule, word for word, and it's aimed at the agent with 2,000 names in a system and 20 people who'd actually pick up the phone for them.

I built the system in this book around 20 contacts. Not a giant database. Twenty real people, worked in the right order, on a rhythm you can keep on a bad week, not just a good one. Each touch sets up the next one. A not yet gets a date on it instead of a funeral. That's Chapter 9, They Didn't Say No, They Said Not Yet, and it changed how I hear the word no.

When the cycle turns, a closing stops being a finish line and starts being a feeder. One deal sets up the next deal, and the gap I used to go broke in gets smaller and smaller until it mostly closes.

My team closed 63 homes in one year. The next year we closed 121. Same city. Same market. Nobody handed us a new lead source. We built the systems in this book, that's the whole difference.

What's Actually in the Book

It's built on the PULSE Method, six parts in an order that matters.

Foundation comes first, because your numbers and your calendar tell the truth before your feelings do. There's a rule in Chapter 3 I gave away in a post last week. Your bank account shows yesterday's work. Your calendar shows tomorrow's income. If both of those scare you, that's where we start.

Then Lead Capture, and how to create what you're waiting for instead of sitting by the phone. Nurture, where follow-up can't live in your head anymore. Closing, where you learn while you earn and finally ask for the business like you mean it. Back Office, because you can't scale what only exists in your head. And Referral Systems, where a finished deal starts paying you again.

Every chapter ends with two things. A rule, like the ones I've dropped through this whole post. And a Do The Most exercise, a small piece of real work you do before you turn the page. No highlighting and hoping. You finish the book with a diagnosis of your own business and a 90 day plan, which is Chapter 15, Run the Review, Then Run the Next Ninety Days.

Who I Wrote It For

Not for buyers. Not for sellers. For the working agent who already closes deals and still can't depend on the business.

If you've never sold a home, my first book is your starting point. If you sell homes and your income still swings like a screen door, this one's yours. It's called The Real Before the Estate: What I Wish I Knew Before Selling 100 Homes. Everything I wish somebody had handed me before the red light bank account checks.

Get Your Copy

I'm giving the paperback away. You just cover the shipping, $9.95 in the US, and I'll send you a copy.

Grab yours here: https://therealbeforetheestate.com

Your next slow month is coming either way. The only question is whether you meet it with a cycle or with a search.

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Chastin J. Miles

Author & Licensed Texas Real Estate Agent at REAL Broker LLC

Author & Licensed Texas Real Estate Agent at REAL Broker LLC

Author & Licensed Texas Real Estate Agent at REAL Broker LLC

Chastin J. Miles is a real estate coach, entrepreneur, and author dedicated to helping agents scale their businesses. Named one of the Top 60 Real Estate Coaches for 2024, he provides actionable strategies for lead generation, branding, and growth. Learn more at ChastinJMiles.com.

Chastin J. Miles is a TEDx speaker, entrepreneur, and
CEO of Power Unit Coaching. Featured in Forbes,
The New York Times, and Bloomberg.

Licensed Texas Real Estate Agent with REAL Broker, LLC.

Join my insiders list to receive news and updates

directly to your inbox

Chastin J. Miles is a TEDx speaker, entrepreneur, and
CEO of Power Unit Coaching. Featured in Forbes,
The New York Times, and Bloomberg.

Licensed Texas Real Estate Agent with REAL Broker, LLC.

Join my insiders list to receive news and updates

directly to your inbox

Chastin J. Miles is a TEDx speaker, entrepreneur, and
CEO of Power Unit Coaching. Featured in Forbes,
The New York Times, and Bloomberg.

Licensed Texas Real Estate Agent with REAL Broker, LLC.

Join my insiders list to receive news and updates

directly to your inbox