Podchaser Logo
Home
WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

Released Tuesday, 16th April 2024
Good episode? Give it some love!
WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

WIP 1452: Wholesaling Success Matrix - Don't Pay for Real Estate Leads Until You Listen to This

Tuesday, 16th April 2024
Good episode? Give it some love!
Rate Episode

Episode Transcript

Transcripts are displayed as originally observed. Some content, including advertisements may have changed.

Use Ctrl + F to search

0:00

You're listening to Wholesaling Ink, episode number

0:02

1,452. Smaller

0:04

markets, specifically with Rick Mill, are absolutely

0:07

fantastic. With the referrals, guys, I am

0:09

telling you, this is real estate agents.

0:11

This is people that you know on

0:13

how to add 10 deals from referrals

0:15

this year to your business by going

0:18

into Facebook, requesting a ton of people

0:20

that are in the real estate business

0:22

and posting every single day that I

0:24

buy houses. This is

0:27

game-changing information, guaranteed to raise

0:29

your real estate wholesaling business with

0:31

actionable steps you can take immediately

0:33

to navigate the ins and outs

0:35

of wholesaling and start making money

0:37

today. Join us

0:39

as we put our guests in the

0:41

hot seat and dive deep to dissect

0:44

their strategies for success to enable you

0:46

to duplicate their results. You're listening to

0:48

Wholesaling Ink, the only show dedicated to

0:50

making you a fortune in wholesaling. Experience

0:56

and budget. These three

0:59

factors are different for

1:01

everybody. So please stop

1:04

using a one

1:07

path fits all approach to

1:09

generating unbelievable deals in your

1:12

real estate business. I don't

1:14

care if you're adding these

1:16

properties to your portfolio, you're

1:18

fixing, flipping, or your wholesaling

1:21

real estate. I am telling

1:23

you there is a specific

1:25

order that you need to follow

1:28

so that you can have the

1:30

most success as fast as possible.

1:32

And we're going to be breaking

1:34

down what I call the real

1:36

estate investing lead generation blueprints based

1:38

on those three factors so that

1:40

you know which marketing channels you

1:42

should focus on depending on where

1:44

you are at. If you're part

1:46

time, if you're full time, if

1:48

you have a big budget, if

1:51

you have a low budget or

1:53

no budget for marketing, and

1:55

if you have experience or

1:57

if you are brand new. Because

2:00

here's the really, really, really interesting

2:03

thing. After working with over 3,000

2:05

real estate investors one-on-one, I've discovered

2:07

that most

2:10

of the time when you focus on the

2:12

right path, you're going to get to success,

2:14

you're going to get there faster than most

2:17

people, but then all of a sudden things

2:19

get wiggly. All of a sudden you start

2:21

getting real creative but if you follow this

2:23

matrix that I'm about to show you, I

2:26

am telling you you're going to stay

2:28

on the right path and really

2:31

build something that's predictable, it's

2:33

long-lasting and it is going

2:35

to be wildly profitable. So

2:37

let's jump right in here.

2:39

All right? This is

2:41

what I call the real estate

2:43

investing lead generation blueprints. Check this

2:46

out. At the top of this

2:48

matrix are six different vertical columns.

2:51

We've got direct mail. We've

2:53

got referral. We've got cold

2:56

call and SMS. We call that talking

2:58

to people. TTP, SMS is

3:00

text messaging. So you've got cold

3:02

calling text message. You've got hiring

3:04

VAs to do the work for

3:06

you. You've got pay-per-click and pay-per-lead.

3:09

This covers most of,

3:12

if not all, of

3:14

the off-market lead generation

3:16

sources that you can

3:19

consider. All right? And

3:21

we're going to break it down based on,

3:23

okay, well, what happens if your partner is

3:25

in the third time, you have no money

3:27

for marketing and you're brand new? Well,

3:30

if that's the case, then I would

3:32

highly suggest that you stick with direct

3:34

mail. You start building up

3:36

your referrals and I'm going to show you

3:38

exactly how to do all this. I just

3:40

want to kind of set the stage here.

3:43

You either do text message marketing or cold

3:45

calls depending on your budget, but stay away

3:47

by hiring a virtual assistant. Stay

3:49

away from pay-per-click. You're not even

3:51

close to that. Stay away for

3:54

pay-per-lead for these deals. Stay completely

3:56

away from that. All right? And

3:58

this is usually where people... people start. They're starting

4:01

part-time, they have full-time jobs, they got

4:03

full-time responsibilities, they're in school, whatever it

4:05

is. So they've got a very, very,

4:07

very congested schedule. So they've got to

4:10

find the spots in there where they

4:12

can commit to this business. And you

4:14

don't have a huge marketing budget for

4:16

it. That's why you're in this business.

4:19

That's why you see real estate

4:21

as your avenue to, one, replace

4:24

your income, start building the lifestyle

4:26

you want and then start building

4:28

long-term wealth. But when you're new

4:30

and you're competing against five

4:32

other offers, you're going to get beat

4:35

out. You don't have the

4:37

skills yet of effectively communicating with the

4:39

property owner why they should do business

4:41

with you. So don't

4:43

do inbound marketing where people are calling

4:45

you. Don't spend a bunch of money

4:47

in the right side of these columns.

4:50

Don't spend it on hiring people and

4:52

pay-per-click and pay-per-lead and all these other

4:54

things because you're going to be competing

4:56

against a ton of other people. Once

4:59

you have experience, then you can get

5:01

into that. But this is the path.

5:03

Now, let's talk about direct mail. I'm

5:05

not talking about sending out thousands. I'm

5:07

not talking about spending a tremendous amount

5:10

of money on direct mail. What I'm

5:12

talking about is sniper approach direct mail.

5:14

The thousand worst properties

5:17

in your marketplace, 100

5:20

worst properties in your marketplace. You

5:22

can literally today drive around town, get

5:25

all of the properties that are in really

5:27

rough shape. I highly suggest you use the

5:29

Deal Machine app for this. Use the Deal

5:32

Machine app. We've got a coupon code for

5:34

you. Get it at the best price and

5:37

you've got all the information about the property owner

5:39

and everything that's going on there. You

5:42

can literally one-click in that app

5:44

and send them direct mail pieces.

5:46

Now when you send direct mail pieces, make sure

5:48

that you have a different phone

5:51

number on those direct mail pieces

5:53

because when those calls come in,

5:55

you want to recognize that this

5:58

is a potential lead. So

6:00

you can go and you can get

6:02

phone numbers from callrail.com, callrail.com. That's what

6:04

we use. You can use other phone

6:07

numbers for your caller ID on your

6:09

direct mail pieces, but make sure that

6:11

you use a different phone number and

6:13

stay very, very, very lean with your

6:15

budget. Be very, very specific on who

6:18

you are sending mail to. And I'm

6:20

telling you direct mail works better

6:22

in smaller markets. And here's

6:25

something that I want to mention here on this

6:27

whole matrix. If you overlay

6:29

on this whole thing, big market

6:31

versus small market, it gets real interesting,

6:34

real interesting. And I'll give you some

6:36

nuances here in this training, but smaller

6:38

markets specifically with direct mail are absolutely

6:40

fantastic. With the referrals guys, I am

6:42

telling you, this is real estate agents.

6:45

This is people that you know on

6:47

how to add 10 deals from referrals

6:50

this year to your business by going

6:52

into Facebook, requesting a ton of people

6:54

that are in the real estate business

6:56

and posting every single day that I

6:58

buy houses. I buy

7:01

houses. I buy houses every single day. You

7:03

do that. Send me your deals. I buy

7:05

houses, send me your opportunities. You do that

7:07

to enough real estate agents and people in

7:09

the real estate business. I know it's scary.

7:11

I know. Oh my gosh. What are people

7:13

going to think of me? I'm a teacher.

7:15

I'm a karate instructor. I'm a truck driver.

7:17

I'm in the military. I'm an attorney. I'm

7:20

all these things that people want to label

7:22

you as, and then you post every single

7:24

day that I buy houses. And you're like,

7:26

well, what are people going to think? They're

7:28

going to think it's awesome. And if they

7:30

don't unfriend them, that's the best

7:32

thing about social media. You don't have to

7:35

deal with nonsense. You can block out anybody

7:37

that you want and keep all the positivity.

7:40

And I'm telling you, people will respond

7:42

favorably when they understand that you are

7:44

serious. You have conviction that you are

7:46

a real estate entrepreneur. And it might

7:48

feel a little bit like fake it

7:50

till you make it. You might get

7:52

a little bit of imposter syndrome, but

7:54

block all that out. You are powerful.

7:56

You're incredible. And you're going out and

7:58

you are going to change the. landscape

8:00

of your real estate community. I'm telling you,

8:02

you're going to go out and do amazing

8:04

things. So have that confidence. Let me pour

8:07

that into you so that you can go

8:09

out and take massive imperfect action. And then

8:12

when it comes to being really proactive every day,

8:14

who are you going to call? Who are you

8:16

going to call every single day to make

8:19

sure that you're getting the best opportunities, right?

8:21

Who are you going to reach out

8:23

to? Who are you going to text? And

8:26

by the way, guys, when you are cold

8:28

calling and when you're texting, make sure

8:30

that you do a that you scrub your

8:32

list against the DNC, the do not

8:34

call list. I understand it's going to get

8:36

rid of like two thirds of the phone

8:39

numbers. Who cares? Get rid of them,

8:41

get them out of there, focus on the ones that

8:43

you can call. And if you can't, then you go and

8:45

you knock on the doors and you

8:47

go and you be proactive and you go

8:50

and you just try to get ahold of

8:52

that property owner. And the same thing with

8:54

the text message marketing, make sure that you

8:56

are scrubbing it on the DNC list. We

8:58

use launch control through rhinotexting.com. They already do

9:01

it. They keep us super protected by making

9:03

sure that we can't text anybody on the

9:05

DNC list. But if you're part time and

9:07

you have no money and you're new to

9:09

this business, then that's what you have to

9:12

do. And it's pretty much the same if

9:14

you are part time, no money and

9:16

experience. And the reason I say that if

9:19

you drop down one line is because you don't

9:21

have the budget for people to call you. So

9:23

what are you going to do? You got to

9:25

be loud about what you're doing. You

9:28

have to be very, very, very focused

9:30

on who you send direct mail to

9:32

to get some calls coming in. Right?

9:35

And you still got to be proactive. You

9:37

still have to reach out to property owners

9:39

and see if they would consider an offer

9:42

on their property. But if you don't have

9:44

the budgets to hire a

9:46

VA and to do pay-per-click and

9:48

to do pay-per-lead, but you do have

9:50

some experience with sales, you're going to

9:52

go faster. Because the fact is

9:54

you have a skill and that skill is

9:56

effective communication. And when you have skills, you

9:59

have a strong mindset. When you have

10:01

a stronger mindset, there's less barriers for

10:03

you to go out and take action.

10:05

So go bananas. Go

10:08

absolutely bananas on this. Here's

10:10

the perfect part-time schedule and

10:12

part-time means 20 hours

10:15

minimum per week minimum.

10:18

Brent, I don't have 20 hours. Yes you do. I'm

10:20

telling you, you do. You have 168 hours

10:23

a week. We have 168 hours

10:28

a week. Absolutely incredible. So

10:30

even if you sleep full-time, nobody does.

10:32

Even if you work full-time, even if

10:34

you have seven kids, whatever else, you

10:37

can find 20 hours to commit to

10:39

this business. I know you can. I

10:41

have an example of this. Every Wednesday

10:44

is what we call Daddy Bow Night. Bow

10:46

is my seven-year-old. And we go out and

10:48

we get ice cream, right? And we walk

10:50

down to this ice cream shop. It's called

10:52

Scooptopia. It's awesome. It's in Central Phoenix. And

10:55

the owner there, Gina, works full-time. She wakes

10:57

up at five o'clock in the morning. She's

11:00

at her job at a

11:02

chip manufacturing plant, right? A

11:04

microchip manufacturing plant from 6.30

11:07

to like 3.30. And then

11:09

she takes off and then she starts

11:12

her shift as an entrepreneur at Scooptopia

11:14

here that she's working from like 4.30

11:16

till it closes at 8. Every

11:20

single day. She

11:22

has one employee that works part-time

11:25

on the weekends. She's there all the time. I'm like,

11:27

Gina, what are you doing? You're gonna

11:29

get exhausted. She's like, I'm living the American dream. I'm

11:32

a business owner. You know, at some point

11:34

this will, you know, offset. We'll be able

11:36

to, you know, do this full-time. They also

11:38

own a barbecue restaurant that her husband runs.

11:40

And he works full-time. I mean,

11:43

I'm just telling you, you gotta

11:45

have that hustle mindset. You have

11:47

to have that spirit inside that

11:49

says, no matter what, I'm

11:52

gonna change my life by dedicating 20

11:55

hours a week to this business.

11:57

You can do it. I believe in you. I know

12:00

that you can do it. You're incredible. So find

12:02

this time for 15 hours, a lead generation.

12:07

That's when you're actually speaking with

12:09

property owners. That's your highest income

12:11

producing activity that you have. One

12:14

hour of practice and role play.

12:16

You can do this in the mirror or you

12:18

can find somebody incredible and find role play partners

12:20

that are going to be serious with you. One

12:22

hour of lead follow up every week. We got

12:25

to make sure that we're not just hunting, but

12:27

we're also gathering. Once we

12:29

have those leads that we're doing our

12:31

lead follow up, one hour of driving

12:33

for dollars, finding the ugliest properties, the

12:35

need the most significant amount of investment,

12:37

and then two hours for appointments, more

12:40

driving for dollars if you don't have

12:42

appointments, and then more lead follow up

12:44

as you start building up your pipeline

12:46

of leads. I am telling you, you

12:48

are going to build up your pipeline

12:50

of leads. Now, Brent, I'm full time.

12:53

Boom. Perfect. 8.30 to 9. Practice

12:55

and role play every day. Noon to

12:57

12.15 lunch. We don't take

12:59

hour lunches. We don't take two hour lunches.

13:02

We don't do this nonsense. We don't decompress.

13:04

We don't do any of that stuff, right?

13:06

We're having so much fun in this business

13:08

that we want to keep doing this business.

13:11

So from noon to 12.15, you

13:13

got lunch, 12.15 to one. You're doing

13:15

your lead follow up. One o'clock to five

13:18

o'clock. You're doing additional lead follow up, and

13:20

again, driving for dollars, your

13:22

seller appointments, and then you're selling

13:24

your deals. If you're wholesaling,

13:26

you are doing your cash buyer

13:29

negotiations during this time. All right?

13:31

Awesome. So that's the difference between part time

13:34

and full time when we're going through the

13:37

real estate investing lead

13:39

generation blueprints. All right.

13:41

Now, what if we have a little bit of

13:44

a budget? What if we have a budget? What should

13:46

we do here? Well, if you have

13:48

a budget, now it opens it up a

13:50

little bit, right? Now, you're still new. You're

13:53

not to the point where I would suggest that

13:55

you do a pay per click. Not

13:57

yet. You don't have the systems and

14:00

processes in place to

14:02

make sure that you're converting if you're

14:04

brand new. Okay. If you're

14:06

brand new and you're part time, I

14:09

am telling you it is, you're

14:11

going to waste your money because

14:13

you have to respond to pay-per-click

14:15

leads within 60 seconds. Not

14:18

60 minutes, not five minutes,

14:20

60 seconds. And

14:22

this is a metric that we track

14:25

every single week in our scoreboard. Jackie,

14:27

my leads manager is tracking literally when

14:29

that call comes in, how many were

14:31

answered live. I mean, if the calls

14:33

come in from your website, you want

14:36

them answered live, but also we track

14:38

how fast we respond once we get

14:40

a notification from a pay-per-click lead

14:42

and it has to be within one

14:45

minute because they will go to two,

14:47

three other websites. You're probably the third or

14:49

fourth website that they're putting their information

14:52

in, but sometimes you're the first, you

14:54

get them, you start negotiating and you

14:56

start building that relationship early on and

14:58

you typically find better opportunities. All right.

15:01

Can you afford a VA if you

15:03

have money in your part time? Absolutely.

15:06

Absolutely. Now you can get

15:08

somebody that's really, really, really

15:10

great. We use callmotivatedsellers.com. They're

15:13

phenomenal. That's what we use

15:15

and they're the best of the best. There's

15:18

plenty of other VA companies that you can

15:20

go with. But if you're

15:22

looking for Americans calling, again, scrubbing

15:24

against the DNC list and the

15:26

litigator scrub, you're calling, you're staying

15:29

protected, you're staying like you're building

15:31

long-term marketing channels here, then yeah,

15:33

callmotivatedsellers is the best with American

15:35

callers. But if you want somebody from somewhere else, go

15:38

for it. I mean, you could definitely get them for under

15:40

10 bucks an hour. And so if

15:42

that fits into your budget, go for it.

15:44

And then either they're sending text messages or

15:46

they're calling and you're still

15:48

posting every single day. Listen, the direct

15:50

mail and the referrals, that's built into

15:53

all of these plans. I think

15:55

that you should be sending out direct

15:57

mail to very specific driving for dollars

15:59

leads. all the time, all

16:01

the time, every six weeks, they should be

16:04

getting something from you. All right. And you

16:06

can set that up automatically. Again, with deal

16:08

machine or with FlipFinder.ai, your

16:11

AI list there is another unbelievable list

16:13

to be sending your direct mail to.

16:15

You can set it all up in

16:17

there in FlipFinder.ai or deal machine or

16:19

both, just depending on what your

16:22

budget is. Right. And let's talk

16:24

about pay per lead. This is when pay

16:26

per lead starts getting into play here. Pay

16:28

per lead. All right. There's a ton of

16:30

paper leads. We use propertyleads.com. There's

16:32

a ton, right? There's lead Zolo, there's

16:34

speed to lead, there's a ton of

16:37

a need to sell my house fast,

16:39

those guys, all of those. You can

16:41

play around with whoever you want there.

16:44

But we use propertyleads.com and it's a bidding

16:46

system, right? You bid a certain amount per

16:48

lead, when the lead comes in, it has

16:50

to be a verified lead that it's actually

16:52

somebody that's selling. It's not something that's on

16:54

the market. It's not some fake lead. And

16:57

then you pay for that. And it's up

16:59

to you and your skills to be able

17:01

to convert that. All right. And I think

17:03

it's a good opportunity. I think that there's

17:05

some, there's always like weekend sales for some

17:07

of those companies where they sell it for

17:09

super cheap for the ones that are kind

17:11

of like the rougher leads, I would say.

17:14

I've heard of some people converting.

17:16

I haven't, we haven't, but there's

17:18

opportunity there. Right. Now, part-time,

17:20

you've got money and you've got experience.

17:22

All right. If you've got all that,

17:24

then I want you to be doing

17:26

both. You need to be

17:28

getting the most out of the list

17:31

that you're pulling. And that means you

17:33

are doing calls and texts. You've

17:35

got a VA that's doing both of

17:37

those for you. You can get companies

17:39

that do both of those for you.

17:41

You're doing paper leads, you've got your

17:43

referrals going and you've got your direct

17:45

mail. All right. It's all across the

17:48

board. You're doing both there because you've

17:50

got some experience. The more experience

17:52

you have, the more leads that you can take. And

17:54

that's why I say you should open it up to

17:56

both the calling and the texting.

17:59

All right. the calling and the texting,

18:01

just stay away from pay-per-click. You're going to

18:03

see basically stay away from pay-per-click until you

18:05

are full-time, you got money and experience. And

18:08

we'll get into that and that's when it

18:10

really starts opening it up. But it's really,

18:12

really, really awesome. When you get to that

18:14

point, it's levels to the game, right? Don't

18:17

jump to full-time, money,

18:20

and I've got experience. If you're part-time,

18:22

you have no budget and you're new,

18:25

right? But you see this, right? It's

18:27

all over ads and it's like, we're going to send

18:29

you all these deals and we're going to do deals

18:31

with you and we're going to do all these things.

18:34

I have never seen that model work. I

18:36

don't know what is happening out there with

18:38

those models. If it does, put it in

18:40

the comments section. I would love to have

18:43

a conversation with anybody that's built a long-term

18:45

business with people that are done-for-you leads. But

18:47

most of the time, let's be honest, that's

18:49

just the hook to get you in to

18:52

a coaching or mentorship program that you spend

18:54

thousands on. Maybe it works, maybe

18:56

it doesn't. I don't know enough about

18:58

it. But yeah, let's keep moving on

19:00

here. Full-time, no money, and new. So

19:03

you're full-time, you don't have a tremendous amount of

19:05

money. You're making the transition in your business. You

19:08

kind of keep that nest egg for living expenses.

19:10

You've got that 60, 90, 120

19:13

days, maybe six months of expenses, personal expenses

19:15

set to the side, but you're new and

19:18

you're like, you know what, I left

19:20

my job or I got a release

19:23

from my job. I've got some money.

19:25

I'm new. What should I do?

19:27

Direct mail, sniper approach, referrals,

19:30

either calls

19:32

or texts. And that's it. You're

19:35

kind of in the same boat as

19:37

part-time, no money, new. Full-time,

19:40

no money experience. Stay in the

19:42

pocket there, guys. Stay

19:44

in the pocket of doing your

19:46

direct mail, your referral, making sure

19:48

that you're being loud and have a

19:50

bunch of conviction about what you're doing,

19:53

and you're texting or calling. Don't do

19:55

both. Pick one or the other. Pick

19:58

one or the other because if you try to do it, do

20:00

both, neither of them are gonna do well here.

20:03

You just kind of wait for that. You

20:06

don't have enough money to really do

20:08

both marketing channels like somebody that's part-time

20:10

with money or full-time with money, even

20:13

if they're new or experienced. Keep the budget

20:16

tight. If you're living off it and you're

20:18

full-time or you're part-time and you

20:20

have no experience in this, earn

20:23

the conversations and go on

20:26

as many appointments as

20:28

possible. Because

20:30

this is gonna get you the experience level. This

20:32

is gonna get you that experience level and then

20:34

all of a sudden you're gonna go from no

20:36

budget to budget. No money

20:39

to money. That's when

20:41

things start opening up. But I want you

20:43

to earn the income from this business as

20:45

much as possible. Get the

20:47

proof of concept, stay focused, block

20:49

out the shiny objects and just

20:52

go for it. Just pick

20:54

one pass, either calls or

20:56

texts and go for it.

20:59

Either way, full-time or part-time,

21:01

no budget, new and experienced, stay

21:03

in that pocket. Now, let's

21:06

remember this guys. Let's remember real quick.

21:08

I want to add this into this

21:10

training because it's very important. But if

21:12

you have not put together your business

21:14

plan yet, this whole matrix that I'm

21:16

giving you is gonna get crazy. If

21:18

you don't know what your income goals

21:21

are, what you've done in the past

21:23

and where you found your deals or

21:25

maybe you're just getting started and you

21:27

don't have a written business plan that's

21:29

in front of you, all of this

21:31

is just gonna fall away. It's gonna

21:33

disintegrate in your hands. This

21:35

is gonna be the most challenging thing

21:37

you've ever done in your life is

21:39

being an entrepreneur. That's why

21:41

there's the top 1%. That's

21:44

why most businesses fail. That's why most

21:46

people in real estate, 80 to 90% are

21:48

out of it within the first 12 months. One,

21:51

they don't have a plan. Two, they're

21:53

competing, they think that they're competing

21:55

against everybody else and that's nonsense.

21:57

There's 14 million opportunities

22:00

every single year. U.S.

22:03

census says six to 10%. The

22:05

real estate market is in distress at

22:07

all times, depending on what

22:10

area you're at. So you got upwards

22:12

to 14 million opportunities. There's way more

22:14

opportunities than there are us. And

22:17

comparison is the thief of joy,

22:19

but the seed of greatness. But

22:22

you shouldn't be comparing yourself to

22:24

other real estate entrepreneurs. You

22:27

should be comparing yourself to your

22:29

business land. That's it.

22:31

This is it. This is what

22:33

you're comparing yourself to is your

22:35

business plan. So stop being an

22:38

amateur, be a professional, put together

22:40

your business plan, put together your

22:42

marketing plan based on this matrix

22:45

and go bananas. Boom. And

22:47

make sure that you take the skills test, which

22:50

is number seven here and be honest. What do

22:52

you rate yourself on the 10

22:54

skills that you need to be an

22:56

effective real estate entrepreneur and

22:58

then you know what you need to work on. And

23:01

if you've never done a deal before and you've

23:03

never done any of this, start with the one

23:05

gives you so much more runway to grow,

23:08

but growing hurts. Yes,

23:11

it does, but it makes you stronger.

23:13

Right. I watched this Alex or

23:16

Mosey little clip and I think he's just

23:18

phenomenal. I mean, he's really deep. He's like

23:20

a modern day philosopher. And he's like, if

23:22

you wanted to build somebody that was really

23:24

versatile, what would you do? You'd

23:26

put them into a bunch of situations that they're

23:28

uncomfortable with and have them, you know, get better

23:30

and better and better. If you want to make

23:32

somebody strong, what would you do? Well,

23:34

you'd have to give them a lot of stress and

23:36

that stress would build them up and they'd be able

23:38

to deal with it. If you, if you want to

23:41

make somebody patient, what would you do? Well, you wouldn't

23:43

give them things right away. I thought

23:45

that that was really cool. I thought that that

23:47

was really, really, really cool. And I think about that because

23:49

I struggle with that at times. I do. I

23:51

want it now. I want it right now.

23:54

It's like that. I don't know if it's a type

23:56

personality. I don't think I am. I'm thinking, I'm

23:58

thinking more of an expressive. type of personality, but

24:00

it's like a driver. It's like, you know,

24:02

why aren't we doing this right now? Why

24:05

isn't this happening for me right now? Because

24:07

the journey, man, the path, the things

24:09

that you have to overcome to be

24:11

a successful entrepreneur

24:15

is a challenge like nothing else, mentally,

24:19

sometimes physically, certainly

24:21

emotionally. But if you have a plan

24:24

and you follow this path, then at least

24:26

you have, you know, some

24:28

guardrails up, at least you're not just all willy

24:30

nilly, just trying to figure this all out on

24:33

your own. And so use these

24:35

tools that I'm giving you guys, use

24:37

these tools, the business plan, use these

24:39

tools for the marketing. And remember that

24:41

real estate breaks down into three parts. Lead

24:44

generation, conversion of those leads and

24:46

exit strategy. That's all real estate

24:48

investing. How are you going to

24:50

find the deals? Are you

24:52

going to get referrals? Are you going to send

24:54

out marketing? Are you going to prospect? That's

24:57

it. Conversion. You got to

24:59

pre-qualify, you got to do your lead follow

25:01

up and you got to do your offer

25:03

presentation, exit strategy. Are you going to wholesale

25:05

it? Are you going to buy

25:07

it and then sell it, flip it, flip it? Or

25:10

are you going to buy it and hold it? You're going to put it in your

25:12

portfolio. That's it. That's all

25:14

the strategy. Now there's certain strategies for,

25:17

you know, creative finance and putting properties

25:19

into your portfolio and different ways to

25:21

build up your wholesale business and your

25:23

cash buyers and all that. But none

25:26

of that matters unless

25:28

you have great opportunities and

25:30

like the number one rule in real estate,

25:32

beside, well, I say number two rule. Number

25:34

one rule is location, location, location for sure.

25:36

Number two is you make money when you

25:39

buy. You make money when

25:41

you buy the property. So you need to

25:43

find really incredible deals. And

25:45

that's why lead generation typically is

25:47

the biggest struggling point when we're

25:50

getting into this business, even when

25:52

we're growing and scaling the business.

25:54

Where do we put our resources?

25:57

Where do we put our personnel? Where do we put

25:59

our budget? Where do we put our

26:01

operation? How do we make sure that

26:03

it's all working in alignment and working

26:06

really fast? Yeah, it's

26:09

This business is awesome. This business is absolutely awesome, but

26:11

you have to have a plan You

26:14

have to have a plan or just goes crazy. That's the clue

26:16

that keeps all these three

26:18

processes together It's

26:20

what your plan is and that's your business plan so make sure

26:22

you guys will put the Link

26:24

in the comment section or the show notes one of the

26:27

two both what we're gonna put it in both Matt says

26:29

and Make sure that you

26:31

take advantage of that if you haven't all ready

26:34

Alright now let's go through the

26:36

last ones full-time. You got money,

26:38

baby You've got a budget for

26:40

this, but you're new. Alright stay

26:42

away from pay-per-click. You're gonna get

26:45

destroyed You're going to get destroyed.

26:47

I can't tell you how many

26:49

very successful successful entrepreneurs in other

26:51

areas or just highly paid professionals

26:53

people that were CEOs people that

26:55

were doctors or attorneys Want

26:58

to jump right into pay-per-click and I get it

27:00

because all roads lead to pay-per-click because at some

27:02

point you're gonna be this bottom One right

27:04

you got a full-time business You've

27:06

got a budget and you got experience at some

27:09

point you're gonna you're gonna filter down Down

27:12

there right I hope sooner

27:14

than later and that's that's my

27:16

whole goal with this training right here full-time

27:19

money And new

27:21

stay away from pay-per-click because you're just gonna get

27:23

beat by the people that have experience and know

27:25

how to you know They got all the systems

27:27

in place to get on that appointment They

27:30

know how to do the appointment intake. They

27:32

know how to go and pre-qualify They

27:35

understand the comparables. They understand the different

27:37

exit strategies to understand all of that

27:39

stuff and pay-per-click is in

27:42

most major markets 10,000

27:45

minimum spend to Google and 3

27:48

to 4 thousand depends on who you're using for

27:51

your agency That's gonna run that and

27:53

I would highly suggest somebody run that

27:56

I brought a guy in from Google

27:58

and he's running it everything for us

28:01

and the Rhino Tribe. 10,000

28:03

minimum in major markets and like 5,000 minimum in

28:06

smaller markets, but it should probably be 10. I

28:09

mean, that's how you really start building momentum. But I

28:11

don't want people spending a ton of money and they

28:13

don't have the experience on being able to close them.

28:16

Cause it will suck you dry. It'll take all

28:18

the profits that you've made from this business, from

28:20

being a real estate entrepreneur and you're just giving

28:22

it back to the market, baby. Time

28:25

and time again, people are just like, oh

28:27

yeah, I gave it back. I gave it

28:29

back to hiring too fast. I gave it

28:31

back to putting too much into different marketing

28:33

channels I wasn't ready for. So if you're

28:35

new and you've got your full time and

28:37

you've got money and you're rocking and rolling,

28:39

do everything except for pay per click. Okay,

28:43

now there might be questions on,

28:45

well, what about getting deals off the MLS?

28:47

Totally understand. I think that that kind of

28:49

falls into referral, but I left it off

28:51

of this because in my

28:53

opinion, getting deals off of

28:56

the MLS is very market

28:58

dependent. If it is a

29:00

seller market to build a

29:02

business long-term off of

29:04

getting deals off of the MLS, unless

29:06

you have a very tightened

29:09

creative finance approach to

29:12

be able to grab the properties that

29:14

aren't selling cause the prices are too

29:16

high, but you find that the property

29:18

owner will work with you in some

29:21

creative sense, I get that. But

29:23

in a really good, in a hot

29:26

market where the inventory is low, MLS

29:28

deals are, they just get bit, everybody

29:30

sees them. Everybody sees them. So

29:32

you're not getting the best deals you can. I

29:35

mean, it's case by case, I don't wanna

29:37

say that, but for the most part, I

29:39

want you to build a long lasting business

29:42

that doesn't rely on getting deals off of

29:44

the MLS cause that is the number one

29:46

house of cards that I've seen year after

29:48

year after year, people going after and selling

29:51

to hedge funds, people going after, building their

29:53

portfolio with some of these deals, people going

29:55

after, the properties on the market and getting

29:57

it low and wholesaling it.

29:59

and then all of a sudden they can't

30:01

do it anymore. The MLS doesn't have anything,

30:04

it's too congested. Everybody's trying to offer on

30:06

those properties and you can't grow. With

30:08

this, you can grow. I am telling

30:11

you, this is the path that's the best

30:13

of the best of the best of the

30:15

best follow. So at the bottom, full-time money

30:17

experience, some direct mail, answer

30:20

those calls live. Answer those

30:22

calls live when people call you from direct mail,

30:24

answer those calls live and you can play around

30:26

if you have a big enough team and

30:29

a nice sweet budget, you can

30:31

start sending out some significantly more

30:34

direct mail, right? You're already

30:36

building referral base because you and everybody

30:38

in your staff is posting that you

30:40

buy houses all the time. You could

30:42

slap a sticker, wrap your car, that

30:45

you buy houses. You could get billboard,

30:47

you could do all sorts of different

30:49

things, right? You're doing the calling, you're

30:51

doing the texting. You've got VAs doing

30:53

all that for you. So that's all

30:55

taken care of. You have scrubbed against

30:57

the DNC and the litigator lists but

31:00

you're still finding great opportunities on there.

31:02

You're doing pay-per-click, you're doing pay-per-lead. Now

31:04

you've got it all. Now you've got

31:06

all these different marketing channels. The interesting

31:08

thing about that, once you build it

31:11

to this point, whoa, once you're at

31:13

that performance plus, if you look at

31:15

the little, little brainstorm there

31:17

and I'll go through that in just a second,

31:19

but you've got all these different marketing channels. One

31:21

marketing channel is gonna go bananas one month. Then

31:24

all of a sudden, for some reason, this

31:26

one's gonna go crazy. And then that one,

31:28

and then all of a sudden, one month,

31:31

they're all going bananas and you end up

31:33

having a really, really, really, really solid month.

31:35

And so that's where I'm at in my

31:37

business. We're having the best start of our year

31:39

that we've ever had. We've got

31:42

the systems dialed in. We've got the

31:44

A, A, A plus, plus, plus people

31:46

on the team on every single seat

31:49

on the bus, so to speak. I

31:51

don't know why that's the thing, seat on the bus. It makes

31:53

sense though. I don't know why. When I think of that, I'm

31:55

like, yeah, you know, he's on this scene, she's

31:57

on this scene, this and this. I don't know why, but.

32:00

It's a good analogy. And we've got all

32:02

the rows, rock and rolling. That's

32:04

the blueprints. This is what we do. And this

32:06

is, it's a plug and it's not a plug.

32:08

This is what we do when people join our

32:10

coaching program is, I go

32:12

through it because I've diagnosed, you know, 3000

32:14

of these. I know

32:16

where to put people and the right practices

32:19

and the right tools and the right systems

32:21

to put in place. And then you layer

32:23

on top of that accountability of did you

32:25

actually do what you're supposed to and support

32:28

from 40 hours of support calls

32:30

a week and you just can't

32:32

lose. That's why the Rhino Tribe is

32:34

the best of the best. But you

32:36

can certainly take this. You can YouTube,

32:38

university, do all that stuff, do your

32:40

thing, rock and roll. But if you

32:42

want to join the best of the

32:44

best, wholesalinginc.com, check us out. Love

32:46

to have a conversation with you. But

32:48

that's it guys. That is the

32:51

breakdown of the real

32:53

estate investing lead generation blueprints. I

32:55

am telling you, follow this path.

32:58

First put together your business plan,

33:00

then put together your marketing plan

33:03

and then take massive imperfect action

33:05

and work your way down to

33:08

the bottom of these blueprints. And

33:10

I am telling you that is going to

33:13

be the key to success. You stay focused

33:15

on that. You stay diligent on

33:17

it. You don't spend money frivolously. You

33:19

don't get that big check in and then

33:21

all of a sudden you're spending it on

33:23

all these other things that are going to

33:25

just take all your money. Oh, well, I

33:27

want to work on the business, not in

33:29

the business. Not yet. Not

33:32

yet. Earn that right. Earn

33:34

that right. It takes a while. It takes a

33:36

long time to do that. It

33:38

takes a long time to have enough success

33:42

to be a magnet for successful

33:44

people to join you. Because

33:47

what happens is you get to

33:49

success, you have some success, and

33:52

then you have other people that aren't successful

33:54

that want to be around you and then

33:56

you hire them. They're the wrong fit. It

33:58

stunts your growth. go, you take two

34:01

steps forward, three steps back, all of a

34:03

sudden you have to lay everybody off and

34:05

you're starting at a place that you don't

34:07

want to be at. You start

34:09

backwards. And so don't do that.

34:11

I don't know if I explained that right, but that happens.

34:13

That's exactly what happens. But when you have

34:16

enough track road of success and

34:18

you can show people that you have built

34:20

something special, you built a machine, that if

34:22

they come into this machine, the machine's going

34:25

to be even better, absolutely

34:27

even better, and they'll be able

34:29

to maximize their potential of earnings.

34:32

That's when you get the best people

34:35

to work with you, never for you.

34:38

Working for somebody is a option.

34:41

It's a choice. People don't

34:43

have to work. People don't have

34:45

to certainly work for you. So

34:48

they never work for you. They work with

34:50

you. And if you

34:52

have the plan in place and the business

34:54

plan and the success record, boom, that's

34:57

when you get to incredible profitability.

35:00

And that's when you can work on the

35:02

business, not in the business. So

35:04

earn that right. I love you. I hope

35:06

you got a lot out of this. Thank you for joining us,

35:08

guys. We love you. Keep your house

35:10

clean, protect your health and increase your value

35:12

to the world. You live an incredible life.

35:14

I'll see you next week. That's

35:17

all for this episode. Your next step

35:20

to success is to continue the conversation

35:22

over at wholesalingace.com. By

35:24

joining the mailing list, I always get your

35:26

chance to book a strategy session to learn

35:28

the system and become part of the tribe

35:30

and work personally with one of our amazing

35:33

coaches. We'll see you next episode

35:35

with more ways to make you a fortune

35:37

in wholesaling.

Rate

From The Podcast

Wholesaling Inc with Brent Daniels

Let’s face it, Real estate education has lost the script. Everybody “claims” to have the secret sauce. They get you to sign up, get you to bite on a “magic” formula, but there’s no real tools to get there. There’s so much talk, no practical steps. It’s not instructional, it’s hype. The ideas aren’t focused on your success, it’s focused on theirs. Well, it doesn’t have to be that way. If you’ve been searching for a way to escape the rat race and achieve true financial freedom wholesaling real estate, you’re in the right place. Join real estate experts Brent Daniels, Brent Bowers and Todd Toback as they deliver a Real Estate Wholesaling Blueprint inspired by greats like Robert Kiyosaki, Dean Graziosi, Bigger Pockets, Suze Orman, Dave Ramsey and Entrepreneur on Fire.Hang with the Wholesaling Inc coaches 5 days a week as they give you step by step instructions on how to make money wholesaling houses.Are you making money wholesaling Real Estate? Are you doing deals where you're cashing $10k to $50k (AND MORE) checks PER DEAL? Would you like to be? This Podcast is NOT about theory, stories or fluff. It’s all about taking MASSIVE action and following instruction rather than more education (most people get stuck in “education mode”). This Podcast will be unlike anything you’ve ever heard before! Each episode is JAM PACKED with “step by step instruction” so you can literally duplicate the success of our guests and go out there and start making money TODAY wholesaling properties. In every episode, we put our guests in the hot seat and deep dive a recent deal they’ve done…and do it all in 30 minutes or less. Specific details include: EXACT marketing methods used to find deeply discounted properties (Direct Mail, Cold Calling, Text blasting, PPC, Bandit signs, etc), techniques for buying and selling the deals, next level closing strategies, and even the exact dollar amount made on every deal! Bam!!Whether you’re a newbie or a seasoned investor, if you’ve ever thought about starting (or exploding) a wholesaling business, you’re in the right place.Come be a fly on the wall and listen in on these conversations as our guest’s spill their guts and share their secrets for finding wholesale properties for pennies on the dollar and walk away with giant assignment fees on every deal. This is the only real estate wholesaling Podcast you'll ever need to listen to.

Join Podchaser to...

  • Rate podcasts and episodes
  • Follow podcasts and creators
  • Create podcast and episode lists
  • & much more

Episode Tags

Do you host or manage this podcast?
Claim and edit this page to your liking.
,

Unlock more with Podchaser Pro

  • Audience Insights
  • Contact Information
  • Demographics
  • Charts
  • Sponsor History
  • and More!
Pro Features