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Unlock the hidden potential of real estate investment leads in our latest podcast episode! Discover how you can transcend the limitations of cold calling and virtual assistants by honing in on specific customer avatars, particularly those grappling with financial hardships and lacking home equity. We’ll guide you through becoming a trusted advisor and consultant, offering tailored solutions to help clients who can't sell their properties through traditional means. With insights on understanding loan types, crafting short sale packets, and assembling a dream team of negotiators, title companies, and realtors, you'll be poised to secure multiple deals each month and take your business to unprecedented heights.
Elevate your wholesaling game with advanced techniques that ensure legitimate transactions and maximize profits. Explore sophisticated approaches such as assigning an LLC, double closing, and leveraging land trusts. Learn the importance of setting clear expectations with buyers and their lenders and building a robust pipeline of transactions for sustained success. As we navigate through rising interest rates and economic challenges, we'll highlight future market opportunities and the power of collaboration. Plus, don’t miss out on our personalized real estate business program, offering direct mentorship and comprehensive support to help you achieve your business goals. Get ready for game-changing insights that will elevate your real estate wholesaling strategy!
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0:32
Thank you, what's up? What's up YouTube? It's your boy, antoine Campbell. It is Monday, september 2nd 2024. Welcome back.
Speaker 1:
0:42
I know it's the holiday, but we still working and I wanted to come at you with another amazing video. If you're watching this on YouTube or you're listening on all the podcast platforms that we upload our videos to, we just want to bring you some value. Today's topic is going to be top secret REI leads exposed the overlooked goal. Mind you must happen too. To expose the overlooked goal. Mind you must happen too. A lot of people are just teaching you a certain way to do things because they're keeping all the secret sauce for themselves. I'm going to expose today what you can do and how you can implement this in your business and then, six months, have a business doing three to eight deals a month consistently. That being said, it's not an easy thing, it's not a unicorn, it's not a magic pill, it's not none of that. It's a proven strategy that you can grow and take your business to the next level. So, if you're not taking your business to the next level, use a lot of these strategies that I truly, truly recommend you, take advice, listen to the video and write down everything I'm going to tell you, because literally there are coaches out here charging $30,000, $40,000. And they're masterminds for this same information.
Speaker 1:
1:55
Now, when you're thinking about marketing, you've got to see the bigger picture. So everybody's, just give me a VA, let me cold call and let me just chop away at the phones. And most people don't understand that it's a lot more to just chopping away at the phone with a VA and cold calling. Right, you got to understand your customer avatar, like your ideal customer, like who do you want to work with? Who do you want to service? Who do you want to work with? Who do you want to service? Who do you want to do business with and how could you help them, how could you serve them? And that's the beautiful thing about real estate investing and real estate wholesaling Once you understand what you bring to the table and what tools you have, then you can better serve the clients and the prospects.
Speaker 1:
2:41
Now I know a lot of people we work with are brand new, fresh off the boat. They have no idea what's going on. So they hire us to help them in their initiation of getting their bills off the ground. And once their bills are off the ground, they get contracts. You know what I mean. They're off to the races. So the thing is you've got to figure out who is this person. Now. We've got tire line load, we got pre-foreclosures, we got high equity, we got divorce, we got probate. We got all of that.
Speaker 1:
3:14
Now, when most people is not teaching and the guys that at the top really killing it, making the real money, they in the back, quiet, because this is a strategy that if most people learn, then the rules would have to be rewritten because people will abuse it. That's just what it is. When you know you're getting a strategy come out, it's only going to last for so long. That being said, the best way to generate some quality leads and literally be the only person in your town talking to these people on no equity leads, right. And then you're like yo, no equity. Why would I want to do a deal with somebody who don't have no equity when you understand how can you serve your prospect and how can you help them? That's how you make your money.
Speaker 1:
4:01
So you're not a real estate wholesaler, real estate operator. You're actually an advisor and a consultant money. So you're not a real estate wholesaler, real estate operator. You're actually an advisor and a consultant to people and you're helping them when a traditional method in ways won't work, meaning they can't just go throw their house in the MLS because maybe they're so far in the hole in the rig that they have to bring a check to the closing table. The average person don't have, you know, have surplus cash sitting around to pay someone to sell a house. That's why most people let their house go to foreclosure because they're just giving up on it.
Speaker 1:
4:32
What if you can put a list of people that have no equity, that probably was in foreclosure before and has gone through some type of financial hardship? Right, and you, literally the only person talking to them? Now you're on the phone, you're educating them about their options. The things you're talking, hey, you know, is your income different than when you sign a house? Have your property taxes been going up on your property? Have you experienced hardship? Did your job get promotional? Did you lose your job? Did you lose a partner or spouse? Like, did something significant happen to you?
Speaker 1:
5:12
And once you understand this whole how to put a short sale packet together, and you know and you're talking to a prospect and say, oh, this is perfect. And then you're looking at the bank and you're seeing what loan they got to the bank. You're looking at the loan it's a FHA, it's a conventional, and you know that, ok, this is a FHA, there's a certain guideline and a certain net that the bank must achieve in order to even make this deal work. So you're looking at it and you know how much work you need, or it's a dump. Then you know that, ok, what would this appraise for in its current condition? And that's how you make your offer.
Speaker 1:
5:48
And once you start to get these deals on the contract, you're going to have a short-term negotiator team. You're going to have the right title companies, you're going to have the right relatives, you're going to have everybody on your side working with you to make this happen right. And once you build that team, you're going to have you can literally lock up two, three, four, five deals a month just doing this and don't even touch on the other deals because the people are like man, I've given up, no one can help me. But once you say, and you rest assured, and you submit a short sale pack and you get all of that information, you say hey, so here's the expectation. This is how we're going to help you.
Speaker 1:
6:27
We need to help you write a hardship letter. We can write it with you. Then you this is how we're going to help you. We need to help you write a hardship letter. We can write it with you. You got to check DTP. You got a template. You can have them record something and just say what they went through. You can just even get them on string, download the recording and upload it to DTP and say, hey, translate this to this person writing a hardship letter to this bank about this, this and this. And boom, there's the letter printed out. Get them to DocuSign it. Put that in the folder. The next thing okay, what are your bank statements? Give me your last three months of your bank statements. You know what I mean. If you have the tax returns, give me your last two years of tax returns. Get everything in the folder. So when you hand it off to your team, there's no delays and they can take all that, make it look pretty, submit it to the bank in the way that the bank wants, because every bank is different. They want their, they want a portal, they want an email, like everybody's different. They submit it to the bank. Once they submit it to the bank, the bank go back and forth and within two, three months you get a letter from the bank agreeing to what they would short the note for, how much it would take, and then by then you have your body.
Speaker 1:
7:41
Now one of the things that most people mess up on. They think they can just straight up, wholesale these short sales. You have to be a little more sophisticated. You're not assigning the contract that you got. You could assign an LLC and get paid that way, or you can actually buy it. So have your buyer lined up and then you can close on it. You can double close on it that way. There's so many other ways you can do it. You can buy it. You can buy it. You can buy it. You can buy it in a land trust and then you can assign a land trust over to the person and then they can double close like that.
Speaker 1:
8:23
So let's say, for example, you get the money from your hard money person. They charge you two points. They'll wire the money in you cash buy-wise money in your cash. Buyer wires the money in you guys close them in trust. You close in your name, you get the deed, the hood, and then all they do is just reassign the interest of that trust over to that person. So there's only one transaction in the eyes of the state and the county, but it's actually two transactions that happen with the lawyers, the state and the county, but it's actually two transactions that happen, you know, with the lawyers and everybody. It's all legitimate, nothing great or anything. It's all straight to the point.
Speaker 1:
8:58
Now, once again, you will have to work with your buyers and set the expectation with them. Let them know you want the best deal. This is how we operate. So their lenders need to be on point. Their hard money lenders, or whoever they're working with, who are their financial sources, need to understand and respect exactly what's going on and allow them to take title on these different instruments. And that's the importance of it. I tell my clients why are you out here sourcing deals and you're out here getting deals on a contract? You're talking to sellers. You should have that same exact energy in talking to buyers, setting up the expectations, because then you can say, hey, yo, mr Buyer, I got four deals coming. I know two of them you might not like, but I know two that you will like. This is the structure of it. I'm just giving you a fair warning to get yourself together.
Speaker 1:
9:46
We are projecting the bank on a. Take $140 on it. It's worth $450. It needs about $120 worth of work. We want to let you get it for $175. So you make a quick $35,000. After you pay your double-cloth guy to spend the money on your behalf, you probably pay him two points on that. Your double-clothed guy that's spending the money on your behalf, you probably pay him two points on that. You're still fighting over $30, $28, $30 for six months' worth of work, because it's going to take you about six months to get a good transaction from start to finish. So that's why I was saying build your pipeline, and everybody wants it. I want to get a deal right now. I want to make money right now. Listen, get your heads out the clouds. Build a pipeline. Build a predictable pipeline where you got 20, 30 of these type of transactions pending and next thing you know it's dripping. Transaction close here. Transaction close there. Transaction close here. Transaction code there. Before you look up, you're doing three to five deals a month, on average between $20,000 and $40,000 fee. That you're making because you understand exactly how to get these deals.
Speaker 1:
11:02
This can work too with sophisticated buyers If you've got a pool of people that want to be in a certain area of town. You know you have these houses that people just give up on. They maybe bought a beach house and it's just too much for them. This strategy would work too for that. And you know there may be the person's second house and you're just working with a bunch of relatives that only got somebody to create a pool. They send their money in, you let them know that they need to take title for estate purposes. You do the land trust, you do everything, boom, boom and you can make a killing like that. So I don't know nobody really teaching this strategy openly. I do know there are several people that teach this strategy in $40 a month. So this is something that I really think.
Speaker 1:
11:50
Think, if you're serious about generating more deals and consistent leads, that the no equity list is your best friend. You can get this list anywhere. You can get this list from Rillaflow, you can get this list from Popstream. You can get this list from all of the leads platforms. So I'm not here to sell you the leads. You can go to the pull list on your own and skip tracing.
Speaker 1:
12:12
You just got to know how to talk to people, how to put your team together, how to deal with people and I'm looking to work with a couple of people If they're interested in setting something up like this, and then we can JV together. You pay the initiation fee. The initiation fee is just a commitment Because if I could do it for free I would. But what I learned over the years is when you do stuff for free, it takes the value off it. People don't cherish it, people make a lot of excuses, work in a way. They're not disciplined. When you put a monetary figure on something, they may know they got to do the work.
Speaker 1:
12:46
So if you're interested in getting something set up like this, let's set up something where we can work together to get this set up, because I think the next three, four years from now it's going to be a lot of people who can't afford them payments on them. Seven and a half, six and a half, five and a half percent interest rates. They overpaid, they got COVID costs help. They lost their job, inflation eating them away, property taxes going up. These are going to be the deals that we can go back and get. The houses weren't really fixed up. They got away with buying it as is, but someone sold it to them full ARV, even though it was dated. So I see a lot of these deals going up and down the East Coast and the Carolina, especially the Carolinas. There's a ton of deals like this that went down in 2021, 2022, 2023. And these are going to be a perfect short sale situation.
Speaker 1:
13:42
I've probably done about 10 short sales in my little career and it's a very lucrative thing once you know what you're doing. So, that being said, hopefully this video I don't want to talk your heads off today, but hopefully this video I like to get dropped little nuggets, bite-sized nuggets that's full of information that you can go out and make a ton of money. Hopefully this video will get you over the hump. You know a lot of guys call them the high equity list, but no one's calling the no equity list and, like I said, you can stack no equity with previous pre-foreclosures. That happened one or two years ago previous people that tried to sell their house on MLS, but the no equity list just means that their own house is currently worse and, like I said, you just got to go on the phone qualify them. We got all that stuff. We got all the resources, we got all the paperwork, we got everything. We know how to help you find the relatives in the area that do deals like this consistently to work with, and as well as identify the short sale the area that do deal with lenders consistently to work with, and as well as identify the short sale negotiator that's going to actually talk to the bank on everyone's behalf. You don't even have to pay the short sale negotiator. They get paid directly from the bank on the hood. It's a beautiful tool.
Speaker 1:
14:57
Do me a favor. Before we get out of here, let me know where you guys are watching from. It's Labor Day, so I guess I could do a Labor Day. We ain't even throwing that on the website or really email. I did make a post on one of our Facebook groups, but I think I said 25,000 leagues in any city, any county. You can divide it up 5, 10, this county or however, as long as it ain't nothing ridiculous. You can't be like, hey, give me $200 here, $200 there, we're not playing that. But yeah, $25 a week, any city, any county. We'll get that back to you the same day for $297.
Speaker 1:
15:37
So if you're serious about it, just do me a favor and DM me on Instagram XCO929. And then DM me, man, hook me up with some leads and I will give you the instructions on how to get the payment to us and then we'll get you the leads within 30 minutes. Also, we have a cold call and launch bundle. So if you're interested in hiring a VA, getting approval script and still getting leads, you can get you. I think I think I said 20 lead plus the va usually just charge 500 for the video by itself, so 25 000 plus the va. Um in the script, uh, for I believe I said 697. So we want that dme or comment here. Uh, we actually know dme is way easy because then we have a direct communication. Go Go on my Instagram at CEO929 and DM me. Or if you're not technology driven, you can always head over to my website, ceo929.com, book a call with us for tomorrow or just chat with us and we will help you with all your needs.
Speaker 1:
16:48
But hopefully this video really provided value to you guys. You can go out and make some money. This is one of the strategies that me and LaShawn are going to be really aggressive with coming into the holidays. Sean is going to be really aggressive with coming into the holidays. Like, we probably put like $40,000 leads and hire like 68. And you really just work the phone and just start to build that pipeline going into 2025.
Speaker 1:
17:21
Because we know for a fact that there are a lot of people that the affordability of their houses and their assets it's just not there Right. Inflation is just eating away at a lot of people. It's eroding everything. So it's a perfect chance to make a ton of money and then, most importantly, this is a perfect chance to get that money and then take that money and do right by it. One of the biggest things I would say don't get stuck wholesaling forever. We want to take that money and do right by it and invest in something that doesn't require you have to get up every day and chase VAs get up every day. Chase sellers get up every day. Yell at title companies. You don't want to be doing the pressure. You want to have a stroke or a heart attack. Don't want to stress yourself out, but it's a good way to build up some liquid caffeine so you can figure out what your next move is.
Speaker 1:
17:59
Like I said, it's your boy, antoine Campbell, if you movie. Like I said, if you're not following me on Instagram, I definitely recommend you follow me. There should be no reason why none of you guys isn't subscribed to the channel. Yeah, you should be subscribed to the channel, but other than that, let me go ahead and get on out of here. I'll be back tomorrow with another video. I got some stuff that I want to talk to you guys about that I think that you guys will really benefit from. But other than that, let me get on out of here. Appreciate you.
Speaker 1:
18:36
Like I said, if you want some leads today or you want a cold call, or if you want to work with me one-on-one, we have a business on the box program for only $5,000. You work with me. I set up your entire business from A to Z, and you're going to get contracts. The people that get contracts in that program are the people that listen to everything I say and actually do the work. We put everything together all over on a silver platter, butler style and just hand it over to you and you can really take a good business to the next level. So, even if you've been trying to go and you feel stuck, I definitely say consider someone that's been in the trenches, that understands exactly where you want to be, and go from there. But look, talk to y'all later. Peace and blessings, man. I got to go See y'all tomorrow.