How to pick your market to start virtual wholesaling realestate

Just getting started wholesaling and don’t know what market to pick, start here with this video.

0:00
what is going on batch leads Nation we
0:03
are here it’s Nathan Payne I got my
0:05
awesome The Champ here Nicholas Nick
0:07
what’s up Nick what’s up Nathan how’s it
0:09
going man oh man it’s a good day dude so
0:11
it’s a Wednesday I’m excited to talk
0:13
about what we’re coming here to talk
0:14
about and if you guys have watched uh me
0:17
and Nicholas before any of my other
0:19
stuff uh I tend to kind of be
0:21
long-winded but what we’re going to do
0:22
now is just we’re gonna give you
0:23
straight what you need the juice and
0:26
we’re gonna be quick about it because
0:27
you know we got stuff to do you got
0:29
stuff to do and we want you to take
0:30
action so with what we’re going to talk
0:32
to you today about we want you to go
0:33
apply it so Nicholas tell us tell them
0:36
what we’re we’re gonna be talking about
0:37
today well yeah so today we’re going to
0:39
be chatting about how to select the best
0:41
Market if you’re open to going virtual
0:44
you know I have clients call me all the
0:47
time and if they’re not locked down to
0:51
their Market Nick we only want to do
0:52
three bedrooms two baths and these two
0:55
zip codes and I’m like look if you’re
0:57
willing to move out I’ve got some great
0:59
advice for you so I was chatting with
1:01
Nathan about it and we want to bring you
1:03
guys those nuggets yeah excited I’m
1:05
excited to hear and and let everybody
1:06
know because again
1:08
um sometimes unfortunately you can be in
1:10
a market like New York or something that
1:12
can be like highly competitive and
1:14
unless you have those Deep Pockets or
1:15
you’re going to be competing against
1:17
some some deep money right some Deep
1:19
Pockets so yeah exactly let us know what
1:21
you got man absolutely well you know and
1:23
then jumping off just what you’re saying
1:24
you know so first and foremost I think
1:26
of lead gen like uh Lake right and if
1:30
you want to go fishing and you pull up
1:32
to the lake and there’s 500 boats in the
1:34
water you know you’re gonna be like all
1:36
right it’s gonna be a nice day in the
1:38
sun right but we’re not going to be
1:40
catching any fish right and then your
1:42
goal if you want to catch fish is to
1:44
find the lakes that nobody’s in right
1:46
naturally yeah you know the ones that
1:49
are behind people’s yards you gotta
1:50
Carry Your Boat through someone’s yard
1:52
to get there right those are the ones
1:54
and if we and that is exactly what
1:57
Legion is like you know lead mining
1:59
we’ve been open for six years years and
2:01
I’ve definitely learned that the only
2:03
indicator of the amount of leads you’re
2:06
gonna get is how many other people are
2:09
pursuing those leads period it’s a good
2:12
point if if no one else is pursuing them
2:14
it’s going to be wild and so I gotta I
2:17
got a black and white example uh one of
2:19
my longtime clients she hires me in
2:22
Indiana closes the deal bam wow then she
2:26
moves to Dallas Fort Worth
2:29
yeah yeah
2:31
highly highly competitive for sure you
2:34
almost got heartburn you’re just saying
2:36
those three things out loud and so
2:39
um it’s it’s rough out there you know
2:41
and I’m very honest if anyone ever calls
2:43
me you tell me your market I’ll tell you
2:45
look that’s not the one all right and
2:46
that’s how all this advice I’m about to
2:48
share with you came up because I am so
2:50
transparent that’s not the one and real
2:52
quick I’ll give you guys the ones that
2:54
aren’t the one all right just real fast
2:56
okay uh Orlando sucks all right at
3:00
Atlanta sucks Phoenix tough as hell
3:03
Southern California Dallas Fort Worth
3:06
and then Houston and that’s mainly for
3:09
cold calling and that’s mainly single
3:11
family houses okay and and that’s a
3:14
couple things going on there one these
3:16
metropolitan areas they’re getting cold
3:18
call by everybody a T’s cold calling
3:20
them DirecTV’s cold calling them
3:22
everybody is calling these people it’s
3:24
not just other investors that’s number
3:26
one all right that makes sense I never
3:28
even thought about that it’s not even
3:30
people that are calling within our Niche
3:31
right exactly it could be a damn wrong
3:34
number because the before you
3:35
know
3:38
it’s like they’re it’s just they’re
3:40
getting pounded just period okay and we
3:44
see reduced results in texting and
3:46
calling in those markets so then my goal
3:48
is that’s the lake with 500 boats in it
3:51
so my goal is to make sure that now how
3:53
do we find the the lakes with no boats
3:56
and so I’ve got this great advice I
3:58
share with people and I’ve disseminated
4:01
it down to you want to invest in a place
4:04
you would never want to visit
4:06
yeah
4:09
wow yeah wow I know everyone says that
4:11
they’re like wow that’s actually killer
4:13
advice it’s that simple and the reason
4:16
why is this if that plays as any appeal
4:19
any attraction any clout any of that
4:22
there’s other people flocking to it you
4:25
know I had one client want to hire me in
4:27
Los Angeles and I said look everyone
4:30
like literally when you’re born for some
4:32
reason you know the name Los Angeles
4:34
when you’re born like it is you know you
4:36
ask a two-year-old if he knows about LA
4:38
and he’s probably gonna say yes but yeah
4:40
it’s true it’s very popular very popular
4:42
and we have to think about these things
4:45
if everyone’s heard about it it’s
4:47
literally a celebrity but it’s a city so
4:49
we don’t see it as a as as famous but
4:52
it’s famous it’s super famous right and
4:55
we don’t want to go there because that
4:56
means that everyone else is going there
4:58
that’s everyone else’s first decision
5:01
too right and we don’t want to make the
5:03
same first decision as everybody else as
5:05
we want to make the better decision
5:07
right so going to a market you never
5:10
visit is just ninja because you’re
5:13
totally circumventing all that so this
5:14
woman she hires me in Indiana closes the
5:17
deal it does get great great markets up
5:19
there pretty rural pretty Suburban yeah
5:22
what part of Indiana by the way because
5:24
I used to live out there Muncie Muncie
5:26
okay Muncie is what it was I actually
5:28
had like three people hire me in Muncie
5:30
in like a week I think they were
5:31
partners and they closed like three
5:32
Deals it was it was awesome you know
5:34
because no one thinks about Muncie I
5:36
never even heard of it yeah and again
5:38
because we’ve never heard of it our
5:40
leads are through the roof we’re
5:41
averaging almost one lead and 150 dials
5:44
out there now this is American callers
5:47
too you know and they’ve got tons of
5:49
experience so you know it’s not
5:51
necessarily one for one if um if you’re
5:53
like oh well I want to get those results
5:55
but
5:56
um but to those American callers so
5:57
anyway she moves to Dallas tanks tanks
6:00
it and you know I do have a couple of
6:02
satisfaction guarantees at lead Mining
6:04
and so she’s not the same thing I said
6:05
look this sucked uh if you’re willing to
6:08
try this I’m not going to pull any
6:09
punches well dude I appreciate you
6:11
saying all this because it you basically
6:13
you’re on the line right so you’re
6:14
there’s no reason for you to lie and be
6:16
like hey bail on those other markets
6:19
like you know yeah yeah keep spending
6:21
money with me I promise the deal no it’s
6:23
not gonna happen if the numbers don’t
6:25
match up you’re not going to get a leap
6:28
right and it’s like if we’re not getting
6:30
leads you’re not going to get a deal
6:31
it’s that simple right so I want my
6:33
clients to get the highest amount of
6:35
leads as possible and that’s really
6:37
where this advice was birthed and so
6:39
what we’re in Dallas it sucks I said
6:41
look would you I tell her that advice
6:42
she picks two different markets one in
6:46
Arkansas one in Kentucky the one in
6:48
Arkansas oh bro I know about Arkansas is
6:51
money it’s seven we did 1700 dials in
6:56
Arkansas and she got 20 leads I mean
7:00
that’s that’s less than a that’s greater
7:04
than one lead per hundred dials I mean
7:07
that is that’s bananas that is bananas
7:09
and so it’s super cool and that that’s
7:12
that’s that advice in full force right
7:14
and that is there’s people that live
7:17
there there’s people that invest there
7:19
every city in the country has residents
7:23
and investors and people buying and
7:24
selling homes right
7:27
Juicy and you know what this is the this
7:30
is the the last nugget and that is that
7:33
I’m telling you guys rural markets it’s
7:35
the next Bitcoin you know if you’re
7:37
looking for that wave right here you
7:40
said it first bro he said it first
7:41
everybody you want to get in on it I’m
7:43
telling you you know and it’s like it’s
7:45
all about to and then once it all blows
7:47
up you know we’re good but you know I’m
7:49
telling you verbal markets they’re
7:51
untouched no one’s touching them and and
7:53
there’s money out there that’s amazing
7:55
do you think it when you say rural
7:58
markets do you have like a cap on
8:00
um population like you won’t go below a
8:02
certain population I’ll just make sure
8:04
it’s not known you know another piece of
8:07
advice I used to say that’s a one
8:09
sentence long is if you ever hear a
8:12
buyer buying in a city you’ve never
8:14
heard of you need to let your ears perk
8:16
up okay and and right and the trick is
8:19
just make sure it’s not known that’s it
8:22
you know and like I wouldn’t worry too
8:24
much about just so you guys know this is
8:26
true I bought a four unit in a city in
8:29
Vermont called Graniteville if we look
8:32
it up it literally has as many kids as
8:35
my high school did in the whole city
8:37
okay this four unit cost me a hundred
8:40
and eighty thousand dollars I didn’t buy
8:42
it that discounted I think it was like
8:43
40 000 off discount it’s like 220
8:46
something is what it was appraised at or
8:48
something
8:49
um so not that big of a discount but it
8:51
gross is fifty two hundred dollars a
8:54
month in rents and so it’s like that’s
8:56
when I say like that’s the next Bitcoin
8:58
almost my mortgage is eleven hundred
9:00
dollars a month right right so I’m
9:02
almost cash flowing thirty five four
9:04
thousand thirty five hundred to four
9:05
thousand dollars on one property you
9:08
know and so but that only exists in
9:11
rural markets everything else is already
9:13
are you worried that because the lack of
9:16
population or the like how uh known it
9:19
is that people will eventually not live
9:21
there anymore that would be my concern
9:22
well you know and well the good news is
9:25
I’m not a man of many concerns but let
9:28
me tell you what I I’m more of a fail
9:30
forward guy to be I’m insanely
9:32
optimistic right but I thought that too
9:34
I was like well who the gonna
9:36
want to live there it’s really who I
9:37
thought yeah but then I found out
9:40
there’s nowhere else to live because
9:42
it’s that Rural right and because of
9:45
that I mean I’m renting you know I’m
9:48
renting one for thirteen hundred and
9:49
seventy five dollars in the town I mean
9:51
it’s a three bedroom I think but it’s in
9:53
a town with two thousand people in it
9:56
yeah not a lot of options the supply and
9:59
demand actually is in Reverse yeah yeah
10:02
it’s crazy it’s not it’s not what you
10:05
would think so I’ve had three tenants
10:06
move out since we’ve taken it over the
10:09
place has never stayed empty more than
10:11
three weeks because the other thing
10:12
about the town is everyone knows each
10:14
other so they’re like oh hey Sally needs
10:17
a place boom and like literally the
10:19
other tenants fill us up with other
10:21
tenants every time it’s happened three
10:23
times
10:24
wow that’s some that’s some powerful
10:25
stuff and I know there’s probably some
10:27
people that disagree with you right
10:29
um but uh that’s I like it because I’ve
10:31
I’ve done Nationwide which I think is
10:33
casting the net too big where you’re
10:36
just like pay-per-click let me just do
10:37
all over the country but if you pick
10:38
specific a market or two that’s Rural
10:42
and you’re like hey I’m the go-to player
10:44
I know all the investors and I can spend
10:46
the money in marketing yeah that that
10:48
makes sense but if it’s like
10:51
um no no I would say that makes sense
10:53
yeah especially if there’s enough leads
10:54
to go through uh I’m I’m curious about
10:57
uh when you go to a market like that is
11:01
there a way that you verify whether
11:03
there are investors there or do you just
11:05
try it yeah you know I’ll be honest I
11:07
think I think that it’s like a catch-22.
11:11
I think the fact that they’re if there
11:13
aren’t that many investors there I think
11:15
that just serves
11:17
you as the client you would probably be
11:19
surprised about
11:20
everything might be closer to retail so
11:23
if there’s not investors there then you
11:25
could probably capture a bigger spread
11:27
on most of these properties so for
11:29
example every tenant that we’ve rented
11:31
to has done all the work themselves
11:34
right on on their own unit and so you’d
11:38
be surprised in these areas like what
11:40
people are willing to do so your end
11:42
buyer might and what I’m getting at is
11:44
your end buyer might not be an investor
11:45
anymore yeah it might be the person it
11:48
might be a person who’s like you know
11:49
what this is my first home I’m super
11:51
handy I’m fixing it up right gotcha
11:54
gotcha okay so you’re you’re saying in
11:56
the sense that like hey you might just
11:57
take this down yourself instead of
11:58
wholesale it but get it at such a
12:00
discount and list it do Innovation but
12:03
it makes sense because you’re getting it
12:04
such a good discount yeah exactly you
12:07
know I think I think you know buyers are
12:09
are relative right and it all it all
12:11
depends on you know what you’re dealing
12:12
with I think that if there’s no one in
12:14
the market don’t forget you’re getting
12:16
20 30 leads you’re getting like 10 times
12:18
the leads you’d get right or else so all
12:21
it takes is one person saying that and I
12:24
say one in 30 leads should be a blind
12:27
squirrel finds a nut right right should
12:30
be saying the right thing to you and so
12:33
looking at that and then you know you
12:35
could you could um Valley that right
12:38
into a bigger deal in my opinion and
12:41
then like I said someone’s buying out
12:43
there right someone’s renting the houses
12:44
there I don’t think there’s a single
12:46
City in this in this country where
12:49
there’s no houses for rent right and I
12:52
think that there’s one house for rent
12:53
means that there’s an investor in the
12:56
area and that there’s somebody willing
12:58
to do it no I’ve actually when I did the
13:00
Nationwide uh I was Finding in rural
13:02
rural places there was like the Kingpin
13:04
there was always that one dude that um
13:06
that I would run into that just like ran
13:07
the whole city like everybody he knew
13:09
about the deals when I because I would
13:11
get some from pay-per-click and and I’d
13:13
bring them to like the guy I found and
13:15
he’d be like bro I’ve already knew about
13:16
this like 6 six months ago the person’s
13:18
just filling out forms online yeah yeah
13:21
they’re just trying to get a better deal
13:22
it’s like yeah it’s like I know about so
13:24
no they’re definitely true that there’s
13:26
there’s there’s that activity in those
13:27
areas you just gotta either take them
13:29
down put them on the MLS uh Novation or
13:32
you know you find that guy and you get a
13:33
better discount that he didn’t hear
13:35
about it for some reason
13:36
that’s cool man that’s powerful so uh
13:40
for someone that’s hearing this action
13:41
steps I know they can reach out to you
13:43
at lead mining Pros I know they can you
13:45
know pull the list here and batch but
13:47
what would you say if they’re just like
13:49
hey let me just try what he said let me
13:51
just go to a random town and pull my
13:52
list what would what advice would you
13:54
give so like they don’t make a mistake
13:56
by doing this yeah you know I think
13:59
I would definitely go absentee
14:02
right and then you know what that would
14:04
be interesting too that’s like a double
14:05
find if there’s a good amount of
14:07
absentee owners every absentee owner was
14:09
at least a person with the dream to
14:11
invest
14:14
you know
14:15
um but I would start with absentee
14:17
owners with 35 or greater equity and
14:21
then that that list should really blow
14:23
up for you I mean where where we’re
14:25
averaging in markets like we’re talking
14:27
about today we’re averaging at least a
14:30
lead every 100 to 150 dials which is
14:32
which is stellar and that takes 100 to
14:36
150 how long does that usually take for
14:38
someone on a triple line dialer you know
14:40
if they’re on a triple line dialer and
14:42
they’re being diligent you know that
14:44
might be an hour hour and a half wow
14:46
yeah that’s awesome you you get on one
14:49
of these markets you crush it for an
14:51
hour you know and then you know rip out
14:53
Elite do it till you get tired then come
14:55
hire us what do you got to say exactly
14:58
so what do you got to say for the people
14:59
that do crush it in Atlanta or Orlando
15:01
in those areas and and they’re like this
15:03
guy come on
15:04
well the thing is it’s not it’s not
15:07
really that I had a guy I had the
15:09
biggest operator
15:11
he was paying me 12 000 a month
15:14
and there was a lot yeah yeah it was
15:17
dope the first two stuff it was dope it
15:21
was real good
15:22
um the first two months man he was like
15:26
in love but he was averaging 180 bucks a
15:30
lead I mean he was average you know if
15:32
you averaged out what he was paying I
15:34
think at ten thousand dollars divided by
15:36
180 and I think that that’s how many
15:39
leads he had but just a good amount of
15:41
leads but ten thousand dollars is a hell
15:42
of an investment right yeah now the
15:44
first two months he went bananas man you
15:48
need to go exclusive to me in Atlanta
15:50
and you know I should have said yes but
15:53
it’s it’s not really our it’s not really
15:54
our Jam yeah yeah it’s not really our
15:56
jam and um but anyways um he ended up
16:00
fizzling out I think he probably got
16:02
fired I think that company had like a
16:03
lot of turnover or something
16:05
um but uh that was really cool but what
16:07
I’m getting at is
16:09
that’s the difference
16:11
the budget the budget right well the
16:14
budget and then the system to respect
16:16
the leads when they even come in the
16:18
guy’s spending twelve thousand dollars
16:19
on leads and I’m just one source I can
16:22
guarantee you he was direct mailing he’s
16:24
doing all this stuff they were that guy
16:25
in Atlanta who knew every house on the
16:27
street like I could tell about it and
16:29
and so you know they got the budget and
16:32
that that’s the point going into these
16:34
markets
16:35
you got to be pro-league right and
16:39
that’s pro league finances that’s pro
16:41
league system so I’m not saying stay
16:43
away from them but I’m saying if you had
16:46
a son
16:47
and he was like Dad I’m gonna play
16:49
baseball I’m going to start you know
16:51
five years older than me and you know
16:52
son I uh I think you should start with
16:56
the kids your sons
16:57
the smaller kids yeah might even be what
17:01
I recommend and the reality is we don’t
17:04
want to start by making things harder on
17:05
ourselves than we need to and and when
17:08
you start in those big areas you’re
17:09
basically starting at the Michael
17:11
Jordan’s at the Tom Brady’s because
17:13
those people that are crushing out there
17:15
they’ve got that yeah they got the they
17:17
got the experience and you know it is
17:19
more expensive for leads you know
17:21
usually in those areas so if you’re not
17:23
optimizing and capitalizing on closing
17:25
those then you can be in trouble
17:27
financially right so you definitely
17:29
gotta be smart with where you’re picking
17:31
so if anybody’s watching this definitely
17:32
uh reach out to Nicholas Nick about what
17:34
he does and then obviously this is batch
17:36
lead so you def you can try it out for
17:39
free on the link in the description you
17:41
can see not only through working with
17:42
agents they just came up with that but
17:44
also pulling the list you could even try
17:45
you could try it for seven days pull the
17:47
list in Muncie wherever you want to go
17:49
Indiana any just a random Town see how
17:52
it goes you’ll I can guarantee you’re
17:53
gonna get some leads because that’s what
17:55
happens so the key is do you have a
17:57
buyer for them can you take them down
17:58
can you capitalize on making money on
18:01
those that’s the key I don’t know you
18:02
you’re successful because it sounds like
18:04
uh on top of that you you take them down
18:06
you know a new wholesaler might not be
18:08
able to take down a rental but that’s
18:12
definitely something that that’s an edge
18:13
that’s pretty sweet you know if you want
18:15
it from a four Plex right well yeah you
18:18
know and but one of the things I offer
18:19
at lead mining too is if you get a deal
18:22
under contract you can bring it I’ll
18:24
blast it out to my list for you I don’t
18:27
JV or anything like that and I do have a
18:29
couple Nationwide buyers that buy two if
18:32
the numbers are right so you know if
18:34
anyone ever does struggle I always offer
18:36
that so you know if you’re if you’re
18:38
looking for it hit me up now if you want
18:40
some deals to be this boat I’ll make a
18:41
couple of Facebook posts and uh and
18:44
watch you’ll have you’ll have eight
18:45
buyers in your inbox there you go okay
18:48
yeah that’s a that’s a great give man I
18:50
appreciate that well everybody uh I uh
18:52
and we got Roxy coming in she says she
18:54
the way I pick markets is copying where
18:56
others are currently doing deals that’s
18:58
that’s a quick way to know where people
18:59
are doing deals but uh you know just
19:02
depends like kind of what he’s uh
19:04
Nicholas said
19:05
you can do that or you can uh go the
19:07
route that we talked about so check that
19:09
out if you just hopped in Roxy all right
19:12
let everybody thanks for coming on
19:14
Nicholas appreciate it man