Todd Smith talks about selling 129 homes in one year (11 per month) by geographic farming, growing his business by 5 fold in 5 years, and receiving an 18 to 1 ROI in his first farm. In part 1, Todd describes how to select your first farm area (and how to choose future expansion farms) including: location, price range, housing type, size of farm, trunover rates, competition, dominant agent, and marketshare. He also talks about how long it takes to recapture your initial investment and creating consistent monthly income. Todd Smith is with Keller Williams in Goodyear, Arizona. He sold 213 homes worth 50 million in one year.
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