How To Make It In Real Estate Wholesaling

Kyle Redman of BatchService and real estate investor Nate Payne share how to approach failures and setbacks, when to pivot, how to take action, and how your experiences define you. Learn more about Real Estate Nate and how he’s turned wholesaling into a fulfilling career.

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one thing everyone can relate to is
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we’ve all felt the sting of hitting rock
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bottom in some way shape or form
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today we are going to dive into nathan
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payne and how he went from rags to
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riches by making one simple
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flip to his mindset
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but first don’t forget to like subscribe
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and ring the bell so we can keep
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providing you great educational content
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for free
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what’s up entrepreneurs welcome to
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another interview here on batch tv where
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we help you identify the switch you need
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to flip in order to unlock your full
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potential today we are interviewing
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nathan payne aka real estate nate from
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salt lake city utah
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he’s the owner of utah home acquisitions
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coach and mentor of investorthrive.com
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and he is one of our very own
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batch affiliates so with further ado i
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give you nathan payne thank you
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so
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who is real estate nate okay what should
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we know about you when it comes to
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the journey of becoming a successful
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wholesaler and real estate agent so i
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started um
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like from the bottom you could say right
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i had some sales skills i was a
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door-to-door sales rep i i i did
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door-to-door sales while i was in
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college and then did a little bit after
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like six years i ran
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multiple teams but um
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then i was kind of tired of moving
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around so
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because it’s like a very transient
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lifestyle right you go in the summers
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you knock in in areas
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yeah it’s difficult i mean you’re
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literally knocking on a door a random
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person’s door every every like 10
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seconds i guess if they don’t answer and
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trying to get a sale um so i did that
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and then i was tired of moving once i
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got married so i i went right into a
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real estate my buddy who my business
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partner cory his dad had been doing real
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estate and i said hey corey like your
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dad’s been doing real estate you tried
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in college you’re working at a tech
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company now let’s let’s go all in on
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this wholesaling thing let’s try it
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so i guess in a nutshell it’s who i am
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i’m just a guy with zero knowledge real
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estate went in and freaking figured it
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out so we all know real estate investing
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it’s not easy right it’s it’s a grind
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it’s a great wholesaling is a grind
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there’s a lot of hustlers out there
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so for all the people and individuals
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that are struggling right we all know we
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go through that struggle
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i’d like to know how do you approach
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failures and setbacks in your business
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you know what i i love a good failure
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you know really because it happens all
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the time like it’s going to happen it
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really is in business i mean you point
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me to the guy who really just knows
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exactly what to do and never like like
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fails him it’s not going to happen in my
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opinion yeah amen to that and learning
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from your failures too right you know if
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you fail over and over again and not
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learn from it and apply exactly right
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then you got a problem so
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that’s key so you you sent out a bunch
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of mailers lost a lot of money lost a
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lot of money
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yeah
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pivoted yeah pivoted now we’re putting
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that money in pay-per-click even with
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texting texting right now for us we were
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doing a lot of it and it wasn’t hitting
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as well as cold calling so we shut down
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the texting we say hey let’s just put
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that money into cold calling it’s
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working better so you’re always
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improving and growing and and who knows
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like uh you know cold calling might not
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hit in six months or in a year yep then
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we’ll pivot but if you’re not willing to
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move with the ebbs and flows of the
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market and like what’s working you get
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crushed in my opinion a lot of people i
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feel you know and i think we’ve all been
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victim of it
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is is that
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we
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we don’t
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try to fail right you know we’re scared
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right you’re scared to even take the
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leap of faith because you’re scared of
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failing exactly um but you got to fail
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because that’s the only way you learn
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right at the end of the day and that’s
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something i think that’s who i am like
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if i hear if you say hey nate you know i
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tried uh i tried this and it worked for
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me i’m gonna go try it yeah i’m gonna
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try like because that’s that’s who i am
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and i meet a lot of people as i told you
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an i have a coach so i talked to them
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and they’re in analysis paralysis
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they’re watching i’ve watched tons of
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videos for two years and i’m like well
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have you tried just getting on the phone
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they’re like no and that’s what it takes
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and that’s how i started i said when we
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first started we just started knocking
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doors that’s what we did because i was
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good at so it’s like let’s knock doors
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and ask you if they’re going to sell we
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got a deal from that
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when i first started that’s how we got
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one of our first deals um so we briefly
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talked about your mastermind investor
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thrive
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um
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as a mentor right what is the best
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advice you can give to someone starting
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out as a wholesaler or real estate
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investor uh i would say take take action
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imperfect action right you’re not gonna
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go out there and make your first cold
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call you might you might get lucky and
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that person want to sell right but you
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got to take action and in order to learn
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that’s that’s what i would say because
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that’s that’s what it takes you just got
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to get in there you got to throw your
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your your hand in the ring or whatever
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the saying is and get in it
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all out massive action yeah right
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massive and perfect action because it’s
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never going to be perfect perfect
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imperfect act i agree let’s go back in
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time right we
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i feel like every person would love to
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just go back in time and
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take that knowledge that they have and
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and be able to use it right so if you
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were to go back in time
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and give yourself that upper hand right
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if you could start all over again
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okay from the beginning what would you
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do differently
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um
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that’s a really good question
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it’s really hard to say because i feel
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like what i’ve learned from those
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setbacks is like has made me who i am
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right and uh so if i were to get rid of
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those things i don’t know if i would
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really understand what i do now right
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so but okay let’s let’s let’s really try
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hard um
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i mean i love that because it’s a
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process it’s really it is a process you
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become who
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who you are because of the process that
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you go through yeah like for example
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like we were
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solely wholesalers right that’s like all
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we did for a long time but now we do fix
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and flips whole tail rentals like
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because we understand the process
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from going from i feel like wholesaling
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is a great avenue but i don’t think
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that’s your end goal like you want to do
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multiple avenues and multiple extra
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strategies so but without doing that i
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probably wouldn’t have felt comfortable
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doing venturing out with what we’re
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doing now so
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if i had to go back i probably would
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have
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gotten a mentor sooner like one like a
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higher level yeah mentor just so he
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could because that’s what they’re there
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for right they’re they’re not going to
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make you succeed you have to take the
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action but they will help you avoid the
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pitfalls
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yep yeah that’s true and they can help
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you with your learning curve exactly
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right
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there’s so many people especially with
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the internet out there it’s it’s it’s
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unreal
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how much you can learn from somebody um
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and and how much it’ll help you at the
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end of the day with your learning curve
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right you can
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take what somebody took over 10 years
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right they learned in 10 years and i’m
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telling you this because i’ve done this
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myself right right 10 years of
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experience and they put it into a course
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right and you can learn
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that course um exactly i would say in
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what three months to
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to a year right and then you got to
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apply it so instead of going that 10
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years and and going through all the
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mistakes right you can learn from their
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mistakes and take a year learn it and
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then apply it which is which is amazing
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exactly i agree with that um so i’m a
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marketer i love marketing ultimate
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market
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i’ve been doing it for a very long time
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um so what advice would you give to to
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the viewers out there
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um on putting out content consistently
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like uh like about wholesaling or like
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about
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general yeah brand building because i
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see a lot of real estate agents and
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wholesalers they have this thing in
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their head where they’re like oh i want
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to do youtube or i want to do tic tac
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and i want to get information out there
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but i don’t know i don’t know where to
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start and i i then have learned that by
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putting yourself out there right it gets
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you a lot of deals right yeah it’s it’s
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worked really well like uh it’s helped
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us raise private money like for our
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deals like because people are like oh
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nate you’re you’re doing deals like and
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when i reach out and they trust me
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because i see that i’m actually doing
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what i say right through my posts i
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would say if you want to build a brand
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or or let people you just have to get
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started like i started a youtube channel
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like six months ago and i just put out
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things that i thought would help people
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like would serve people in
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this industry like
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that would help them grow so i don’t
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know if anyone cares or thinks it’s good
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but i was like hey i think it’s helpful
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so i think if you start posting or
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putting out stuff that you think it
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helped you or helps others and no one
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watches it whatever just stay consistent
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it’ll it’ll work out absolutely and it
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really gives you
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credibility and makes you that expert
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right so think about the people that
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aren’t putting out content or don’t have
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a youtube channel right and then
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somebody searches
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their name versus nate’s name right when
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they find nate on youtube and they see
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that he’s giving out all this knowledge
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right who are they gonna go with yeah
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like luckily nathan payne like there’s
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no one else on youtube that that name so
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i do come up first if you type in my
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name yeah and uh i started the year out
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with like 40 39 subscribers and i have
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396 right now which is like you know
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it’s not
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that crazy right but i i know through
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consistency i’m going to get to a
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thousand ten thousand hundred thousand
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like over time it’s consistency is the
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key correct um so great yeah that’s
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that’s i believe that everybody out
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there should be putting out content pick
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a channel and then focus on that one
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channel get good at it and then you can
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um hopefully either hire somebody or
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bring somebody in house to then post it
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everywhere right
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it’s all about your uh
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your omni presence right and the more
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channels you’re you’re on the better
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yeah uh that’s one thing the cool thing
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about youtube as well is if you make a
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video you can cut it into shorts or
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smart solar eclipse and then put it
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everywhere so that’s what we’ve been
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doing exactly you do a show like this
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right you can chop this up a hundred
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times put it everywhere and put it
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everywhere
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exactly uh so you’re very strict with
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family time okay i try to call you yeah
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after work and you just won’t do it yeah
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i’ll try it so what are some of the tips
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you can give about work life balance
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um i think it’s really important in this
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job to have a good work life balance
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because like you know sellers could if
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you get due leads they can come in at
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any time but you really don’t want to
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like uh give a
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give up on your what you’re really
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working hard for your family to um to
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you know lose that right so i i try to
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do a hard stop like where it’s like hey
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and i’ll let people know right this so i
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for my students i’ll just say hey i’m
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available from nine to five every day
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you can ask me anything you need in that
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time and i’ll get back to you after that
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i’ll get back to you as soon as i can
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the next day so if you set the
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expectations
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it’s uh everyone’s okay with it right
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and um i think that’s that’s been
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helpful i i told you so you you know
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where i’m at and yeah and if you tell me
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your schedule i’m not gonna you know i’m
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gonna respect that so
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i know it’s probably a little bit harder
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for you know incoming leads so we have
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people we hire our leads managers or
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acquisitions people and we say our
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expectation for hiring you is to get to
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the leads when they come in right yeah
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so they take that on they they
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understand what they need to do so i
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think it’s just setting the right
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expectations for everybody there you go
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there you go and then that’s i mean
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mindset wise right like
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we’re all serial entrepreneurs i get it
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like we want to work 24 7 365 because we
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all have goals i mean we all want to
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achieve those goals right but
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can’t forget about the outside life and
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why you’re working right why are you
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putting in the work and that helps too
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is if you understand your why why you’re
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doing all this like
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money’s great and building a legacy and
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all this stuff is is what you know we’re
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trying to accomplish but
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at the risk of losing what’s really
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important you got to really balance that
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and
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lose sight of that yep and they always
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say right the saying is you gotta have a
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why that will make you cry
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um
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that one i mean that why is when you
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when you hit those failures it’s gonna
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keep you pushing on and on and on and on
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right
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um and when you want to give up you just
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think about that why and boom back to
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the plate
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so the ceo of batch service all right
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he has a non-negotiable okay and that
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non-negotiable is he will never miss a
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workout ever
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ever so do you have any non-negotiables
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in your personal or business i don’t
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work on sunday that’s my non-negotiable
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oh beautiful yeah beautiful i try to
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keep that that’s the lord’s day i’m i
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have a faith in
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like a strong faith so um yeah that’s
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what that’s good um so if you were gonna
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give advice to your younger self okay
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what would that advice be
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uh my my advice to my younger self would
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have been take more action because in
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this industry in most industries you
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find out like how do i do more deals
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well i got to do more right that’s
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that’s what it and i didn’t know that
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when i first started i was like you know
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i’ll work i’ll call maybe when i was
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cold calling when i first started a
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couple hours a day it’s like well if you
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want more deals you got to get more more
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calls out so that’s that’s what i didn’t
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really understand and now i understand
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it’s like more deals more action
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what about with hiring too right more
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deals more action
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hiring is still something difficult
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right because you can sit down and hire
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someone that says everything right you
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you do all your due diligence and they
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just don’t pan out like let me give you
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an example we i had this guy came to me
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says i want a wholesale but i have no
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money so i was like okay um i could have
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spent all this time like trying to get
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him ready but and we actually did we
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trained him for like two weeks before he
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got the phone first time he hit the
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phone he was shaking he was really
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scared and he quit the next day so he
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put two weeks into someone who if we
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would have just put him on the phones
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the first day and just say let’s see if
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this guy can hang it would have saved us
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two weeks of all us training him yup so
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yep that’s true and you always got to
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have a revolving door
13:43
of recruits right
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you bring on ten
13:47
one to two is probably going to work out
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yeah and that’s that was how it was for
13:50
door door sales too you could have the
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the best slickest looking guy the sweet
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like the slick talker and you’re like
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man he’s gonna be awesome but he hits
13:57
that door and he’s scared he’s something
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he’s not comfortable with and he quits
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yeah so it’s really hard to know yup
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absolutely so you’re an investor you
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like to invest yes
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if you were going to create another
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revenue stream okay
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what would you create
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so we’re actually creating it with some
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developers it’s a platform where people
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can post their deals like i don’t know
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if you’ve heard of sunday.com i have
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yeah but like that’s that’s really like
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where you can i would say take this to
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the next level like what what
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wholesalers do is they they go to
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sellers and they they say hey i’m
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marketing to you i would like to buy
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your house but if there was a platform
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where sellers could go to to be like hey
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i i need to sell so pretty much sunday
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has it right but like
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something like that where it’s like hey
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i would like to sell my distressed
14:42
property quickly
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um
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that that would be like the next move
14:47
because um
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we we try to reach out to people but if
14:51
there was a place that they could go and
14:52
they knew about that’s what we’re trying
14:54
to create
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a community and also where investors can
14:57
go
14:58
because there’s an issue with
14:59
wholesaling in is in its dispositions
15:02
it’s selling your deals you have to
15:03
reach out unless you have like a great
15:05
buyers list or get great connections you
15:07
literally have to reach out like cold to
15:08
buyers be like hey buy my deal but if
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there was a platform where buyers could
15:12
go to and be like hey these guys always
15:14
have great deals
15:16
then your deals would go on the platform
15:18
and without having to market and try to
15:20
find people they would all buyers would
15:22
always be looking so sunday like i said
15:24
it is got it but that’s like that’s
15:26
really what would take off so another
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revenue stream is a platform for invest
15:31
buyers and sellers to go to a
15:33
marketplace the tech world i love the
15:35
tech world that’s it all right so this
15:36
is the part of the show
15:38
where we learn
15:40
how nathan payne
15:42
flipped the switch all right so this is
15:45
this is what the show is all about
15:46
ladies and gentlemen in life successful
15:49
people i believe
15:50
okay
15:52
they have this pivotal moment right
15:54
uh
15:55
where they do something and it literally
15:58
changes the trajectory
16:00
of their
16:01
personal life or their business and they
16:03
have their breakout year so
16:06
my question for you is what was one of
16:09
the major changes that you made to your
16:12
life or business that helped you get to
16:14
where you are today
16:16
one of the major changes like one one of
16:18
them i would say looking at
16:20
others in the industry as uh not as not
16:23
as competition because i used to when i
16:25
first started this business it i i’m a
16:28
pretty competitive guy so i looked at
16:29
like other wholesalers in my market and
16:32
i’m like i won’t forget those guys right
16:34
like they’re stealing my deals right
16:37
and i’d look at like as competition and
16:39
i had a scarcity mentality right instead
16:42
of an abundance mentality but through
16:45
working with other mentor mentors i
16:48
there was like something that switched
16:49
where i was like hey i can do deals with
16:51
these people i have great buyers too
16:53
like we can joint venture i can we can
16:55
leverage each other’s knowledge and um
16:58
once i started not having that scarcity
17:00
mentality everything clicked for me and
17:02
i’ve been doing jv deals with multiple
17:04
wholesalers um i’ve been networking guys
17:07
like you and and start starting i guess
17:09
to broadcast my uh
17:12
i guess my my stuff right like hey i can
17:14
help and uh we’ve actually been able to
17:16
help tons of people and it’s that’s
17:19
that’s the switches when you can stop
17:21
looking at this as a scarcity and
17:23
there’s abundance there’s so many homes
17:24
out there everyone can succeed
17:26
absolutely if you help someone succeed
17:28
they’ll they’ll bring a deal for example
17:30
i have a student who at the beginning
17:32
i helped him for free for like six
17:34
months right and now after six months
17:36
just helping him he’s like hey can i pay
17:39
for your coaching he basically was like
17:40
hey can i jump in so he paid and now he
17:44
we got two deals that he needs help
17:45
selling in cleveland that we’re gonna
17:47
sell so we’re splitting jv on that 50 50
17:49
with him so not only pay for the
17:50
coaching but we’re doing deals together
17:53
and he just has a five um a five home
17:56
portfolio and he couldn’t figure the
17:57
deal out on terms so we call them and
18:00
we’re trying to figure out the deal so
18:01
this guy potentially as of right now not
18:04
only um you know did he get into the
18:06
coaching which is beneficial for me and
18:08
him yeah but we got seven deals we’re
18:10
looking at doing with him wow and that’s
18:12
all from just helping correct wow so
18:14
it’s crazy and if you’re a closed mind
18:16
and not open to that right yeah if you
18:18
look at if he reached out to me and i
18:19
had to close mind of being like hey man
18:21
i’m really busy i got to make some calls
18:22
i got to talk to some sellers i don’t
18:24
have time for that then i would not
18:27
first of all have a good friendship or a
18:28
relationship with my boy mike he’s
18:30
awesome but i would wouldn’t look at me
18:32
doing more i wouldn’t be doing more
18:33
deals with him didn’t you go from
18:36
a moment where you were basically in
18:38
debt
18:39
and once you once you changed that
18:41
you’re able to just right away get
18:43
yourself out of debt and do like 70 i
18:45
think it was 76 000 in three months yeah
18:48
it was crazy man i was like literally in
18:50
the depths of despair like we were 50
18:52
about 50 000 in debt and we were we were
18:55
worried right because what got us in
18:57
debt just so people know is we went
18:58
nationwide on pay-per-click uh we google
19:01
ads we we just dumped a ton of money and
19:04
we would get tons of leads and we were
19:05
at the beginning we were stoked we’re
19:07
like yeah we got all these people want
19:08
to sell but when you do nationwide
19:10
you’re going to get a lot of leads in
19:11
areas that you can’t really sell the
19:13
deals right even if people want to sell
19:15
a discount it’s hard to move them so we
19:17
got a lot of those deals and we couldn’t
19:19
move them so as the ad spend kept going
19:21
we weren’t able to make the money back
19:23
and sell the deals so we got in that
19:25
position figured out ppc by the way we
19:28
got it figured out but in that moment we
19:31
were really in debt and then that’s when
19:32
uh brandon simmons one of my mentors was
19:34
like hey you gotta flip the switch you
19:37
to like look at you can you can you have
19:38
great buyers you can help people and
19:41
that’s when we did it and then
19:43
there was a deal in colorado that we
19:45
didn’t have a buyer for um but because
19:48
of networking we found someone and he he
19:51
was able to buy it it was a fifty
19:53
thousand dollar deal right boom from
19:55
networking and then we did some other
19:56
deals so 76k got out of debt
19:59
and ever since then beautifully doing
20:01
well i love it i love it so network
20:04
don’t be close-minded right get out
20:06
there and and
20:07
be with the people in the industry i
20:09
mean you’re only going to learn and
20:10
you’re only going to earn working with
20:11
each other and i would add you want to
20:13
be around people that have that same
20:15
mindset i have noticed that there are
20:17
people that have that scarcity mentality
20:19
that don’t want to help others they kind
20:21
of like want to just have their own back
20:23
and you don’t even want to be around
20:24
those people anymore so that’s helped me
20:26
too i’m like don’t waste my time with
20:28
those people like you’re you’re a
20:30
go-giver you’re someone that wants to
20:31
help
20:32
we’re together right so you want to
20:34
definitely surround yourself with people
20:36
that are willing to to give all right
20:38
this is my favorite part of the show
20:39
okay this is what i call rapid fire all
20:42
right so i ask you two questions okay
20:44
right you give me one answer okay i’ll
20:46
try to be as quick as i can
20:49
so cash or credit
20:51
cash
20:52
tesla or lamborghini tesla
20:55
tacos or pizza
20:57
tacos
20:58
do you kill bugs or do you take them
21:00
outside i gotta kill him
21:03
travel to the past or travel to the
21:04
future
21:05
past
21:06
street smarts or book smarts
21:08
book smarts where is your favorite city
21:11
not where you live i like vancouver
21:14
washington and not washington i’m sorry
21:16
uh canada canada beautiful they got
21:18
really good sushi there yeah beautiful
21:19
last song you have an on repeat last
21:22
song on repeat yup
21:23
um
21:25
i’ve been lost into a lot of the lord of
21:27
rings soundtrack i like yeah i like the
21:29
lord
21:30
yeah man
21:32
when i’m at work i just listen to over
21:33
and over again right now i’ve never
21:35
heard that before but i own every single
21:37
lord of the rings i love lord and the
21:39
hobbit so i’m i’m right there with you
21:41
yeah man try that soundtrack it’ll make
21:42
you like it
21:44
so scale from one to ten how good are
21:47
you at sports
21:48
i’d say i’m an eight an eight yeah
21:51
why you just don’t have a tom brady yes
21:53
or no i’m not a big guy so it depends
21:55
what sport like in wrestling i’d
21:57
probably say like a nine
21:58
basketball maybe a seven
22:01
depends a sport got it i’m pretty
22:03
athletic i feel like crypto or gambling
22:06
crypto gambling yeah crypto crypto all
22:08
day yeah um so do you like delivery or
22:11
sit down at a restaurant i like to sit
22:13
down me too yeah me too so fill in the
22:16
blank all right
22:17
robert kiyosaki is the man
22:21
the man the goat the guy
22:23
so book every viewer should read a book
22:26
ever the slight edge
22:28
slight edge ooh that’s good i don’t
22:30
think i’ve read that one good one and
22:32
last one batch leads or batch dialer
22:34
i like batch leads a lot batch leads so
22:37
don’t forget down below guys
22:39
you can get a seven day free trial of
22:41
batch leads plus 5 000 property records
22:44
on the house let’s go so make sure you
22:46
guys go in the description and grab that
22:48
okay we’re also on batch tv we teach you
22:51
guys how to use
22:53
batch leads okay so go down below and
22:55
grab that so here’s the question of the
22:58
day
22:59
all right so this is the moment at the
23:01
end of the show where we ask our guests
23:04
okay nathan payne
23:06
if you were to leave one piece of advice
23:08
behind to all the young hustlers out
23:10
there okay what word of advice would you
23:13
leave for them
23:14
um
23:16
i actually had a podcast with my buddies
23:17
and he said this so i’m going to take it
23:18
from him because i really liked it but
23:20
he said the greater the setback the
23:22
greater the comeback
23:23
so that’s just like the piece of advice
23:25
is if you’re gonna have a failure
23:28
and you you overcome it or you’re
23:29
willing to keep going you’re gonna be
23:32
way ahead from that that setback right
23:35
so the greater the setback the greater
23:36
the comeback i i’ll take that it’s you
23:38
there’s many ways to say it but yeah
23:40
just keep going i love it i love it like
23:42
if it for anybody in the audience
23:45
don’t stop just keep learning keep going
23:47
because that’s uh that’s the way you
23:49
that’s why you you go through go forward
23:51
in this industry hey man i love it
23:54
so how do people find you where they
23:55
find you online you know i try to be on
23:57
every platform uh but uh youtube you can
24:00
check out my youtube channel as of right
24:02
now it’s nathan payne investors thrive
24:04
tv
24:05
might change it to real estate nate
24:06
investors dive tv who knows but as right
24:08
now it’s just nathan payne you can find
24:10
me on facebook i have a real facebook
24:12
group that’s free it teaches a lot of
24:15
wholesaling and investing for free in it
24:17
it’s called the wholesaling real estate
24:19
mastermind i created that facebook group
24:21
because i wanted people to have a
24:23
community where they could ask questions
24:25
for for free and then my my coaching is
24:27
is i kind of like have placed it where
24:30
it’s like hey i’m going to give you as
24:31
much information as you need so you can
24:33
go on by yourself but if you’d like
24:35
someone to kind of help you along your
24:37
journey and and help you avoid those
24:39
pitfalls and
24:40
you know
24:42
shorten the learning curve that’s when
24:44
i’d like to work with you but i’m not
24:45
trying to like take people who aren’t um
24:48
i guess willing to take action and yeah
24:51
you know
24:52
to do what it works but anyway so
24:54
facebook instagram real estate nate
24:56
underscore 88 um wait real estate nate
24:59
no it’s real estate underscore nate 88.
25:01
i had to make it funky because uh you
25:03
know there’s a lot of real estate nate’s
25:04
out there apparently but yeah you guys
25:06
can find me on those are main ones
25:08
facebook youtube
25:10
instagram there’s a lot of them so well
25:11
thank you for your time nate appreciate
25:13
it anytime it’s been fun it’s been good
25:15
a lot of education for all the viewers
25:17
out there thank you all for being a part
25:19
of our show flip the switch until next
25:22
time
25:23
as jesse would say let’s get it
25:40
you