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Welcome to entrepreneur like you with business attorney and entrepreneur chance reynolds, a daily podcast that brings you the best legal tips, marketing strategies and storytelling tactics that will help you grow your business the right way.
OK, so moving forward with real estate this week and launching that, all the things that are involved with that, I don't even want to say launching a business because it's kind of multiple businesses that it takes to really do this in a way where I think that we can utilize our skills. Um, and by our, I mean I, I'm partnering up, most likely it's not a hundred percent, but I'm most likely going to be partnering up with a, an or another attorney who does pre foreclosure litigation. So here's kind of the structure of what we're planning on doing, at least initially what it looks like we're going to be doing from like the 10,000 foot view. So we want to launch a real estate company. Obviously got the website up yesterday. It's a sell your house. Tarrant county.com was the first one that we're going to be launching just because I'm here.
And um, my business partner is going to be in Houston, so gonna launch that because there is no barrier to entry with that. Like that's launched essentially a, I've got all the leads. I've got 300 email addresses of potential pre-foreclosure and motivated sellers here in the dfw area. I'm creating my facebook ads today. I've already accepted, I don't have the images yet. I wasn't able to get that done yesterday, so I got really far yesterday but didn't get all the way there. So the ads, I'm guessing we'll be running by the end of the day today. Um, that's on the real estate side. Another angle that we're going to take is that we're going to launch a pre foreclosure litigation firms. So we're going to be giving our clients kind of multiple options and angles, um, as far as being able to serve them for what they want to do.
Like if people want to try to keep their house and avoid foreclosure, we will have a law firm that specializes. OK, so you can't say specializes, but we'll have a law firm that allows us to go to court and potentially start, you know, file a lawsuit to prevent foreclosure proceeding from happening or at least delay them so that we can try to negotiate with the bank and allow the tenants or the owners of the home to stay in the home and, and possibly reduce their payments. So that's one, one angle, but some people aren't going to be able to afford to hire an attorney. Of course these are business, so it's not like it's a non-profit and we can just do it for nothing. So if people can't do that, then will essentially tell them, OK, well there's still another way that we can help you.
We can do it by actually buying house and maybe preventing the foreclosure from going on your record. So there's going to be two ways to service those leads I've talked about on here before. I'm kind of like the no lead left behind mentality that I'm trying to have with my clients. Meaning whatever problem it is that they have, I want to try to solve it. And when it comes to real estate, as far as, uh, just my initial thoughts of what these people are going to need, those seem to be two angles that are going to be a definitely helpful for clients. Now it may turn out that there's some third and fourth and fifth way that they need help and if we can help them do those things that would make our business better and service our clients in a better way, then we'll try to incorporate that if not into our business, but at least with a partnership of someone who handles whatever problem it is that they have.
So there may be some other way besides litigation or just outright selling their home to help them if that, if it, if that's what we learn in the course of business and we'll try to solve that problem as well. So everything moving forward, uh, I don't know a ton about pre foreclosure litigation, but I get, I can get crazy, you know, and learn all the, at least the procedural aspects of it here in the next couple of days if not like, you know, in the next month or so. And then, um, if I have to go out and sit down with, with my business partner in Houston who's been doing pre foreclosures and just learn it from him in like a 24 hour period, I think I can do that because I don't think I'm going to be spending the time in court. I'll probably be working with the clients to get them qualified initially and see what they need.
And then if a, at least in the beginning, if litigation is required, that's kind of what my partner's specialty will be. So we're complimenting each other in that way that I'm more skilled in the online stuff. I don't even want to say skilled, but I'm more. That's just my world. My world is like lead generation and uh, understanding how to, how to provide value to clients and his specialty at least right now is actually doing the pre foreclosure stuff and probably discussing things with clients and closing deals and things like that. So it's going to be a good, a good marriage. I think we talked about that because he's, he's actually about to get married now, but he's about to have like a big wedding and um, I was telling him, you know, we need to really be sure that we want to do this because we get along really well and I went to law school with the guy and we knew each other there, but we've never really worked together on anything but a becoming business partners is like being married.
And so we're like, you know, let's, let's date a little bit before we jump right into getting married by discussing our businesses kind of on a daily basis and keeping in touch and, and talking about exactly what we want to and how we want the business to move forward. But that's what's happening so far. So I'm really excited about this, that I'm even documenting all the steps that I'm taking as far as real estate on the backend to help clients, a potential real estate investors that we might be able to create a course for them or something to help other real estate investors do what we do and sometimes if you can train people in real estate to help them make money and that can. That can be helpful to you as far as meeting other people in the industry and doing what are called joint venture deals where if they can't find a buyer for their house, they'll come to you and then you can just split fees by introducing them to your buyers and just kind of brokering a deal between two people.
So there's just so many different angles. And having launched several businesses, I'm. I think I'm aware of the mistakes I've made in the past on those businesses and I'm really trying to stay on top of making sure that I'm documenting everything that I'm doing so I can teach it in the future. And also my llc business fits in really nicely with real estate as I've talked about on here before. I'm just creating tons of lcs for real estate investors in itself is a good business model. So I'm still working that angle. And that's the only thing that's kind of holding me up on this is that I'm really a still learning a little bit about [inaudible] with real estate, but also servicing a lot of people right now just like providing tons of client that I'm not clients but tubs of value to potential leads and figuring out what their questions are, what their hold-ups are on the [inaudible] side.
So this is coming at this thing from four or five different angles to see how many streams of income can possibly come out of, of one, one a niche. So yeah, a lot of stuff going on with real estate right now. And that's what's going on with my week is having as good of a week as I am so far. Everybody's doing some deals and uh, having a great, great beginning of the weekend and just playing out your business and the way that you want to. So talk to you guys tomorrow. Let me know if you need anything as far as LLC related or have any questions as far as the real estate stuff that I'm doing. Um, you can reach me at chance at LLC. Freedom [inaudible] is my email or a check out llc, freedom dot [inaudible] slash youtube if you want to kind of see some of the stuff I'm doing on a daily basis.
Hey guys, thank you so much for listening. I really, really appreciate everybody tuning in and all the great feedback I'm getting about the podcast, so I'm going to keep it up and I just wanted to say thank you. Also if you want to figure out the three ways that most entrepreneurs are getting themselves sued, you can head over to llc, freedom dot [inaudible] get sued. I have a little freebie there that kind of outlines the three major ways that people are getting sued and how they can easily be avoided. So hop over to LLCFreedom.com/getsued and pick that up today.
