PLEASE start using common sense to become successful not LUCK!

[Jerryll Noorden]

How many of you all are landlords?

In other words, how many of you all own more than 1 house, do not live in said second house and have a tenant in said house?

Great.

Now how many of you when you are fed up with your tenants are going to sign a contract with a wholesaler and sell that house for below market value and allow the wholesaler to get $7K+ out of YOUR equity and then leave enough meat on the bone for a flipper to also make money?

So.. again.. how many of you?

Crickets, right?

Gadamn it people. I can't be the ONLY one with some intelligence here right?

People in foreclosure are NOT motivated sellers. People that are tired of being a landlord are NOT motivated selelrs. Yes there are exceptions, but MOST people you are about to reach out to are NOT motivated sellers. This is not opinion, this is FACT.

Look... See all these leads?

All these leads are free, motivated and I don't look for them, they look for me. They looked for a way out of their issue, they found my website ranking #1 on Google and they reached out to me asking me to please buy their house.

Now these are thus ORGANIC leads highest quality.

Lets open a few of these leads shall we?

And lets look how many of these are in foreclosure, job loss, tax liens, death in family, absentee owners or probate.. lets take a look shall we?

This one is selling because of wanting to devote all time they have to a loved one!

(not foreclosure, not death , not bad tenants not probate, not absentee owner)

Lets pick an other random one shall we?

This one just wants a fair offer! Thats it! Doesn't want to deal with the hassles of selling the traditional way.

(not foreclosure, not death , not bad tenants not probate, not absentee owner)

How about one more... let me see....

BINGO, 97% of my leads look like this.

They Just Don't Want To List With An AGENT!!

Again, they didn't want to deal with agents.

97% of my leads (ORGANIC.. meaning .. these people actually ARE motivated wanting to sell their house)... simply do not want to list with an agent. They don't want to clean, fix, repair or deal with the hassles and uncertainties of selling through an agent. They are willing to accept an offer below market value for the sake of convenience.

I repeat. MOTIVATED SELLERS, are not in foreclosure, jobless tax liens, probate... if they were I would have a LOT more probates, foreclosures, and absentee owners in my inbox... BUT I DON'T!

What is just friggin STUPID ridiculous no matter how much proof logic and common sense I present to you all, most of you flat out ignore the blatant in your face proof and still ask stupid questions on what list to send mailers to, how many times to send mailers and how to send them to the foreclosure, absentee owner, jobloss, death in family probate list.

And somehow you hope to become successful. Somehow you think you are the exception to the rule of DATA!

If the foreclosure, absentee owner, jobloss, death, relocation list was truly the way you find motivated sellers, like all you Biggerpockets podcast guests, gurus, YouTube influencers are blabbing out loud... WHY DOES IT TAKE 5000 MAILERS< TEXT BLASTS COLD CALLS TO SNAG ONE LOUSE DEAL?!?!?!?! WHY.

If you were truly dealing with motivated sellers sending texts, DMM, cold calls to those lists it wouldn't take you 5000 tries to finally get one motivated seller to sign a contract right?

THINK people think.

Logic, common sense, and actual proof is presented. Stop the DMM, cold calling, text messaging, and do what works. SEO, Facebook ads, YouTube ads. Market like Nike, Adidas, Toyota, Apple, Coca-Cola, Dell, Samsung do. Like the big boys do. When is the last time you received a DMM from Elon Musk or tesla asking you... Do you want to buy a car?

No right?

Why do you think?!

So you have a choice.

Do it my way, ot their way. But know this.

Your success depends on your ability to find motivated seller leads. YET you are using strategies that have less than 3% success rate.

In other words, your success depends strategies with a less than 3% success rate.

How friggin RETARDED is that?!

Choice is yours!

Let this be a wake up call to all. NOTHING I said here is mere "Opinion" All I said is FACT. Intelligent, common sense backed up by evidence data numbers and FACTS!

Now.. what are you going to do about this!

Good luck!

[Don Konipol]

40 + years ago mailouts (to the correct list!), bandit signs, driving for dollars, etc. where a goldmine.  Mostly because only a very few people were doing it, the people who were had the cash to close; if we wanted to “flip the contract” almost every title company would do a double closing, and some very motivated lenders were willing to finance the end buyer’s total purchase price.

Now, I receive 5-10 texts weekly wanting to buy my properties; God knows how many phone calls (unanswered), spam (junk filtered) emails galore, and if I happen to inadvertently answer the phone call I get a person who can barely communicate in English reading in monotone from a prepared generic script where it’s totally obvious that I would be wasting my time with someone who is mass marketing looking for a seller who knows nothing about the value of their property.

One individual called me a few times(years ago), had researched what I owned, how much I owed, and the likelihood I would be amiable to an offer.  I ended up selling two properties to him, for over $1 million, and he ended up making well over $1 million profit by rehabbing, repositioning, finding a new tenant, and keeping the property while values rose.  My advise is thus: if you’re new to wholesaling or trying to purchase discounted property, forget the shotgun  mass contact approach UNLESS you have a truly unique approach AND a lot of capital to spend on a full marketing/advertising/sales program.  Same for the “inbound” marketing approach.  If all you can afford is a generic website or landing page, with “canned” SEO, and calls answered by a answering service or lower end “virtual assistant”, you’re probably going to be very frustrated and disappointed with the results.  The best chance of success is to (1)take the time to educate yourself about all aspects of real estate, from real estate law, to real estate theory, real estate finance, and finally the specific market, both geographic and property type, that you want to specialize in.  Then use any of the various data bases to make a list of a few properties you think are not being managed to their highest and best use and that you believe that you can make perform better and squeeze extra cash flow from; and then personally contact the owner.  I have found that the shot gun approach in almost anything is just not very effective anymore.