Finding the Right Market with Batch Leads

How to comp a deal & then sell it to a cash buyer- Investor Thrive Live

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that’s for RJ bazes baby yeah that was
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dope yeah hey so we were trying out the
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intro everybody this is the weekly
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investor Thrive call where we break down
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how to do more deals using batch leads I
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got my man Nicholas Nick with me right
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now what’s up Nicholas not much man not
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much living the living the good life
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over here I is Wednesday huh dudee this
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week is flown by
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bro I can’t believe it it’s crazy let’s
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get right into it so why would you watch
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this video I feel like that’s everybody
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everybody wants to know why they should
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spend their time I’m like that too so
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why are we gonna why should you watch
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this video well guys if you’re trying to
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get deals coold calling is definitely
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way I’ve done several deals Nicholas uh
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Nick I know you got lead mining pros and
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that’s a service that H people call call
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so they don’t have to do themselves
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right for sure so you can get deals call
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calling we want to let you know where
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you should start if you’re a beginner
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because a lot of people they dive into
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cold calling they hear oh maybe I should
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pull absentee owner list maybe I should
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just do this and they hammer it and
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maybe they see success maybe they don’t
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but we want to set you guys up for
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greatness we want to set you guys up so
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you can succeed so we want to talk about
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where in the United States where in the
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world should you start cold calling if
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you’re going to do that activity if
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that’s gonna be your lead gen okay that
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that’s GNA be your marketing strategy so
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here obviously if you don’t have Bach
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leads get it and uh Nick let’s kind of
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talk about um Nicholas let’s talk about
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what’s going on when people start and
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what they face when they just pick a
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random market and they don’t know what
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they’re doing yeah no absolutely I think
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I think a big problem people
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make is they choose what everyone else
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chooses you know I mean the the
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downside of life is if we want to start
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there and it’s our first pick well that
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probably means it’s everyone else’s
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first pick too okay and this is where
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whenever we’re finding Hobbies like yoga
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that’s great because there’s a bunch of
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people at yoga we got a bunch of
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different people we can be friends with
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and you like yoga brother Hot Yoga is
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fun yeah yeah hot yoga the first time I
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ever did Hot Yoga I drank way too much
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the night before I was not ready for
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that hot yoga I’ll tell you that um but
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you know real estate’s different like
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you wouldn’t open up a burger restaurant
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next to a bunch of other burger
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restaurants right you just wouldn’t do
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that you know makes sense yeah however
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yeah however every real estate investor
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in their yard isn’t a big ass sign that
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says hey I’m a real estate investor so
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you can’t really tell now what I’ve
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learned the safest bet is to stay away
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from two things one is something I call
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a celebrity City okay so a celebrity
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city is any
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City that everyone knows the name of oh
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okay Tampa Orlando at
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Atlanta Phoenix Los Angeles Las Vegas
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Chicago okay if if if if three year olds
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know the name of these cities you should
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stay away from these cities right wow
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okay that’s bold statement brother
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that’s a bold statement it’s true it’s
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true and and when I say stay away let me
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also be clear it’s not that it doesn’t
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work arguably these are the best cities
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in the world
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if you already have a contract right
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because there is so many buyers that’s
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correct however the cost of that
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contract is going to be through the roof
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and that doesn’t mean that the closed
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deal isn’t going to outweigh it but the
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real rule of thumb is this when you’re
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playing so let’s use Miami for example
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right okay well the other tip the first
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thing was celebrity cities the other tip
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was tourist areas okay so now the thing
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about tourist areas and I’ll go into
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Miami here now is even if you’re in a
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celebrity City and you don’t want to get
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out of it you got to get away from the
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tourism okay if you’re in one of these
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celebrity cities and you have a smaller
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budget you really want to be in the
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least touristy place and since you’re in
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the most touristy city right so finding
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the coldest spot in the hottest Market
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if you’re going to be too stubborn not
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leave that’s what I totally recommend
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okay so let’s talk about that so we’re
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specifically talking about if you have a
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marketing budget or you’re cold calling
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or texting or you’re doing any out
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outbound is that correct is that what
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you’re saying even inbound yeah whenever
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you’re doing lead Pursuit right whenever
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there’s some type of investment on the
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lead strategy you know and it’s like
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because what’s happening in in these
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markets like one guy says oh I’m in the
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I’m in the zip code with the most
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transactions and I’m like well that’s
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great but that also means that most
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other people are also transacting there
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you know if you think if you do the math
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in Reverse right right right right so
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unless you’re like a dispo company only
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dispos deals for people in those areas
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then it’s it’s just GNA be a little bit
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more expensive to get those deals now
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might you might be able to make a bigger
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spread but you’re saying if the person
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is starting out new doesn’t have a big
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budget playing in those areas could get
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you you could spend like your budget and
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not be able to get a deal absolutely so
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so you know Miami I I actually Googled
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it Miami is the fifth wealthiest city in
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the
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world not America okay and you should
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know that if you’re investing there
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because if the math works and it always
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works that means that some of the people
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I’m competing with are the fifth the top
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5% wealthiest in the world as well and
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that’s okay if you want to invest in
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Miami but if you’re showing up to Miami
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with a thousand bucks in your pocket
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thinking you’re gonna close deals know
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you’re not going to because your
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competition’s minimum budget is $5,000 a
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month and even that guy’s struggling so
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you know and and and so it’s just
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understanding who you’re competing
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against and it’s okay to end up in Miami
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but I want want you to start in a place
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where you’re going to feel successful
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where you’re not going to get defeated
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if you’re just starting out you trust me
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I’ve been in business six years I’m
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still fragile okay you know that’s
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business that’s business is fra we’re
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always you know we’re always fragile
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we’re always growing we’re always
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improving so that’s why we come to you
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guys with the truth we come to you yeah
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you know I have one down week and I’m
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like oh my God what does this mean for
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the rest of my life it’s just one week
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bro it’s a holiday dude relax that’s it
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yeah exactly it’s going to be okay you
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know um but you know the fragility is
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true so this advice is really mainly
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based on lead generation strategies and
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to help protect your
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momentum you know I want I want if you
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when sometimes when we run into these
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snags whether it’s financially or
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skill-wise like in these markets a lot
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of the other guys you’re competing
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against only is their budget bigger but
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their skill is stronger you know I
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recommend all of my clients you know I
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own a lead genen company so naturally
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these aren’t people with signed
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contracts looking for buyers if they
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were I’d be like hey you’re great in
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these Market bro you want them to
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succeed or you don’t they don’t get to
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keep working with you correct 100 per.
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and I tell them selfishly look I’m gonna
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give you advice and the advice is the
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best results come from markets nobody
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wants to visit okay and that’s really
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where you get the most results I’ve seen
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people I’ve seen people get five leads
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on a $1,200 campaign in a super
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saturated market and we shift the budget
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to Arkansas okay and then they literally
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get 28 leads they close a deal and and
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and everything everything becomes real
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and it’s not that Arkansas’s the secret
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but the number
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28 is the secret because it takes leads
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yeah to close deals you know well that’s
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I like that you say that because when
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you you say you want to Market in cities
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that you don’t know the name of bro I
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think Little Rock is the only thing I
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know in Arkansas I think that’s the only
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city I know that’s right right so it’s
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it’s the same thing nobody wakes up and
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like let me hit up those other cities I
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don’t even know the name of in Arkansas
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right or Miss very few people are even
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saying Little Rock right let alone
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everywhere else you know and it’s like
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and that’s everyone else’s and I I get
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kick back well Nick are there investors
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there you know there’s no investors over
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there and I then I have to remind people
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that every home that’s for rent is owned
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by an investor that’s correct they don’t
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live there they’re investing that’s
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right and so are you telling me that
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there’s no homes for rent and the whole
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area every everyone owns every property
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they live in yeah that market really and
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then they go oh yeah that’s such a great
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point and so and but I I understand it
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doesn’t seem like people would be
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flipping in Arkansas but you know they
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do and they are of course you know you
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know that that’s so true so the reason
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why I wanted to talk about this today
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guys is uh a lot of people they hear go
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market right so they immediately just
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spend you know money on a list with
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batch leads and they skip trace and they
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start calling and when they don’t see
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success after a certain amount they’re
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like this doesn’t work but that’s not
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the case it’s just maybe you don’t have
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the budget to uh play in those bigger
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markets when you’re facing me you’re
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facing other people who their their
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budgets are 10 15 20 30 now uh a
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thousand a month now you can still get
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deals I got deals in Utah Sal Lake very
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competitive when I was new but I was
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knocking doors I was hammering phones
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and it took me several leads so you just
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gotta weigh it it’s like it’s going to
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take more calls but if you get some the
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contract’s probably GNA be bigger so
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depends what you want but momentum like
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you’re saying it is important to stay
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stay active bro you need if you’re just
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calling calling getting smashed you
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might want to just quit but if you’re
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calling calling and you know your first
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deal is not that big but at least you’re
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having good conversations you’re talking
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that that might help you to see that
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this is real quicker yeah you know
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spending you know spending ,000 doll and
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getting 10 leads isn’t bad you know
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however if you’re looking for some
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momentum you know it can be like a
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little draining sometimes you know if
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you didn’t start with a budget of 3,000
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spending $1,000 to get 10 leads is
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horrible but but if you’re a seasoned
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Pro and you’re like yeah averaging a
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hundred bucks a lead you know I mean um
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I had a guy call me the other day he’s
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in California he says his average closed
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deals costing him
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$177,000 wow what Market is he in he’s
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in San
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Francisco yeah but right the spreads are
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bigger but still very well that’s
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exactly
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right oh my God and well I told at first
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I was like look you’re gonna have a hard
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time C- calling there he goes Nick I’m
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spending
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$177,000 he goes if you could get me a
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deal for just 8,000 and I’m like well
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when you put it like that y you know uh
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we can definitely get you a deal at
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8,000 yeah you know even though if I
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said that to any other client they would
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tell me I’m a scam and they’d slam the
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door in my face but this guy’s like he’s
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talking me into being my client yeah
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yeah you know I’ve talked to RJ Bates at
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the very beginning we accidentally
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played his intro I thought it was just a
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generic but I talked to R.J the other
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day and he’s through his experience of
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doing Nationwide same thing as you he
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says you know you’re going to play in
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the west coast Washington’s California
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Utah or uh you know those areas you’re
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going to have to spend more money to
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play and but the contracts are bigger so
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if you if you get started in those areas
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and you don’t have the money to play
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just know that that’s the risk but you
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go in those other areas so let’s let’s
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just kind of narrow it down what are
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some states that no one thinks you don’t
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have to go over cities and dive really
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deep but what are some states right now
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that you’re like those those perform
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well or that’s like probably a good
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place to start if you’re starting with
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Leen you know I’ll be honest you know I
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don’t really have a quick reference what
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I try to do for everyone is I try to
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guide them to where to where they could
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be right so I do tell people the Midwest
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and any any state you’d never want to
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visit like to be 100% honest with you if
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you look at a map of the 50 states and
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you’re like holy [ __ ] I forgot that was
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a state that’s a great place to start
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yeah I never want to go there right
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you’re like that’s a good spot like
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right 100% like West Virginia
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brother I’ve actually gotten a lot of
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contracts those are hard to move in West
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Virginia I’ll tell you at least for me
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and you know um there’s just so many
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states that we totally there’s 50 of
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them yeah and if someone asked you to
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name any you’d probably get the 10
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before you didn’t know the other 40 so
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you know it’s like there’s there’s
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really it’s really ripe out there and
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and the least popular the name the
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better off it is but that’s if you want
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to go super vural super virtual M my
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biggest recommendation is you go to the
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nearest Suburban or rural Market okay
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and then you know that place is going to
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have a reputation they always do the
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Suburban areas around the city always
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have the reputations you know maybe
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you’re looking for cows maybe you’re
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looking for um indications in the market
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that you know it’s a little bit more
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rural okay you say cows bro cows
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yeah cows cow
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gated fences open land that that isn’t
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where you want to be that’s a little too
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deep but that’s when you know you’re
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close okay it’s good advice yeah so it’s
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like what I recommend is when you find
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those areas you find the nearest
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suburban area and then you focus on that
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suburban area and then that that
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normally works extremely well you know I
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like that I appreciate you giving us
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your knowledge because that this is what
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you do you find out working so there’s
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no one better to ask than Nicholas Nick
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or no one better to work with than
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Nicholas Nick if you want him to call so
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you don’t have to so and it works great
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with the strategy I teach I painless
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wholesaling painless flipping we teach
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if you’re going to go to a market find
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the buyers first right so you’re not
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stuck you know cold calling or getting
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leads and you’re like oh who do I got
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you can find that out before you start
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doing that it could take a couple days
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it can take a week but um you know once
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you are ready to get in Le gen I agree
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100% um with you but if your strategy is
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not leg gen obviously bigger cities
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there’s there’s different strategies so
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you know if you’re if you’re a JV guy
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and you want to be like you mentioned
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earlier if you create a little dispo
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system where you’re like hey bring me
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all your contracts and just so you know
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that’s why a lot of the coaches are in
15:18
find out where the coaches are investing
15:19
in in they’re they’re they’re in these
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cities where it’s hard as [ __ ] to get a
15:24
lead so a part of the strategy at no
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fault to anyone is let me create a bunch
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lead generators that I call coaching
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students and they bring me deals and
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it’s brilliant it’s brilliant nailed it
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I’m not I’m not knocking it you know but
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that is their strategy they don’t want
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to call call or send mail either instead
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they’re like hey I’ll educate and I’ll
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create an army of lead generators I
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think it’s brilliant you know but it’s
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about adapting to your Market that’s the
15:52
way they adapt it you know you nailed it
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at 100% bro the strategy that I use I
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don’t tell I don’t use my students to
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hey go lead gen for me but I do snipe
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other people’s wholesale deals I get on
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their lists I say hey I got a buyer I
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connect them that’s the pain what
16:08
painless flipping is it’s whether you
16:10
have pocket listings agents wholesalers
16:13
um but you wouldn’t be able to do that
16:15
effectively or efficiently in a town
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that no one knows about there’s not
16:18
gonna be enough people that have deals
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now the thing is it’s kind of weird too
16:22
it’s like hey you’re in a big place
16:23
shouldn’t you be able to sell that deal
16:25
still sometimes people get their numbers
16:26
wrong still some people don’t know what
16:28
they’re doing so you are able to educate
16:31
and help those people that have deals
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and help them get across the Finish Line
16:34
I just did a deal took me three hours to
16:35
do wholesaler very experienced had a
16:38
deal didn’t really work when they sent
16:39
out the the blast they sent it out too
16:41
high they’re like hey can you just run
16:42
it by somebody I ran it by my buyer he’s
16:44
like it’s a tight deal I can pay 7K
16:47
above what they have under contract for
16:49
we split it 3500 bucks in three hours of
16:51
work uh a couple calls and text so
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that’s kind of where I think a lot of
16:56
people if you’re brand new get started
16:57
working with buyers and then reverse
16:59
engineer that process and then when it’s
17:02
time and you’re like hey I got some
17:03
money let’s go start lead gen and do it
17:06
in a market where you’re not gonna get
17:07
crushed if you don’t get a deal after a
17:10
thousand or two thousand bucks right
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yeah
17:13
absolutely well I think we’ve kind of
17:15
set everybody up on the batch League
17:17
call to like know exactly what to do
17:19
when you’re ready for the lead gen or if
17:22
you’re ready to go right now you know
17:24
you pull that list in the market where
17:26
you you obviously never want to visit it
17:29
and if you have extra funds you know and
17:31
you want someone to call Nicholas Nick’s
17:32
got your back at lead mining Pros I can
17:35
help guide you you know I had this
17:36
client who used us and she started in
17:39
Seattle right again Seattle everyone
17:42
knows it Pearl Jams from there you know
17:45
it’s like everyone knows the name
17:47
Seattle and then well her first week she
17:50
was in Seattle and I said hey why do we
17:52
make a move uh you know then they moved
17:55
to Witchita Falls I believe it was and
17:57
they were like Nick you were right close
17:59
the deal we is that Texas or is that
18:01
Kansas that is
18:04
actually Washington State oh there’s a
18:07
witch Falls there too I think so I think
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so I could be wrong um but either way
18:12
it’s a town no
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one most likely I’m wrong I suck at
18:16
stuff like that but yeah they they moved
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to a market starting with the w about 40
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miles east and so sometimes just
18:23
brainstorming with me I can help people
18:25
be like where is that nearest rural
18:27
Market where can you go where it’s
18:28
Suburban you know so if you also need a
18:31
sounding board uh you guys can totally
18:33
reach out to love it well hey we’re here
18:35
to help everybody I hope you enjoyed
18:37
this week’s call if you’re going to call
18:39
call if you’re going to do that strategy
18:41
listen to the the the facts and the the
18:43
info that we just gave you and uh you
18:45
know we got I got a Facebook group too
18:47
if you need additional help head on over
18:48
to painless flipping on Facebook we’ll
18:51
help you out and again Nicholas Nick
18:53
thanks so much for your time brother
18:55
appreciate you dude thanks
18:57
guys