馃攳
Wholesaling Real Estate | Prospecting How To Wholesale Real Estate | House Flipper | Lead Generation - YouTube
Channel: Lex Levinrad
[0]
- Hey guys, I'm in Port Saint
Lucie, Florida right now
[3]
and I'm on the way to an appointment
[7]
with one of my students.
[8]
Actually he just purchased a house,
[11]
and so I'm getting off the main road.
[14]
In this case this is
Prima Vista Boulevard,
[17]
and I'm getting off that main road.
[20]
And I'm going to be gridding through here
[21]
looking for some potential deals.
[24]
So first thing you want to
do when you're doing this
[27]
is drive slowly, right?
[28]
I see people just whiz through.
[31]
And the next thing you want
to do is just start taking
[33]
a look at the houses and pay attention
[36]
to anything that could be
[40]
vacant or boarded up.
[45]
That could be an opportunity, right?
[47]
So I'm gonna drive around here
[49]
and I'm going to go nice and slow.
[50]
I'm currently going a little too fast
[51]
I'm going 20 mph
[53]
Slow it down a drop to around 15 mph.
[56]
There we go.
[61]
Alright, now we're coming across,
[63]
actually this is Violet Avenue
[65]
which is the first street
that I purchased a house on
[69]
in Port Saint Lucie.
[70]
Actually my first deal ever and
it was an interesting story.
[74]
I put an ad in the newspaper
saying we buy houses for cash
[79]
and I got a call from this guy
[79]
right after the first hurricane
that hit Saint Lucie County
[83]
and he said, I'm a contractor
[85]
and I got a contract on this house
[88]
and I'd like to sell it.
[89]
I got $10,000 deposit up
[91]
and if you can give me
my $10,000 deposit back
[94]
you can have the house.
[95]
And I called Ben, the guy
that taught me real estate
[98]
and I said, hey Ben, I think I got a deal.
[100]
And I told him the story
[101]
and he was like oh, this is
definitely a deal, right?
[102]
So drivin' along like
this, try and go slow,
[107]
got a little too fast.
[109]
This is right now 15.
[111]
So just so you can get an idea
[113]
as you see the houses on drivin' by.
[118]
And you know, over my shoulder here
[120]
you can see the houses in the background.
[122]
So not very fast and there we go.
[123]
Here's candidate number one.
[124]
So let's see if you guys can see that.
[129]
There it is.
[135]
Okay, so on that house,
[139]
I'm going to pull over here
[140]
I have an impatient person behind me.
[145]
So in that house basically
you've got a blue tarp
[149]
and a lock box.
[150]
So it appears to be vacant
[153]
and it could be anything.
[155]
It could be, probably
the house got damaged
[158]
in the previous hurricane.
[160]
We had Hurricane Irma.
[160]
Some people got their
houses damaged in that.
[163]
It could be a bank-owned property,
[164]
it could be something
that's coming on the market.
[167]
So a couple of things that
you can do in this scenario is
[172]
first thing you want to do is
[174]
make a note of the address, right?
[175]
So if you're noting down the address
[177]
then you can send them a postcard.
[181]
Another thing you can do is
you could get out of your car
[183]
and you can take a look at it.
[185]
See if it definitely is vacant
[189]
and look up the property and
see what the deal is with that.
[191]
So a couple of tools that
are very, very useful
[194]
for doing that.
[195]
One of them is an app
that's called Deal Machine.
[197]
And as I say that I'm passing
the code enforcement vehicle
[200]
that's driving around looking for people
[202]
that are working on
properties without a permit.
[207]
So one of the apps that's
really good for that
[209]
is called Deal Machine.
[211]
And Deal Machine is an
app that you can download
[215]
on your phone, which allows you to
[219]
plug in the property
address and it'll come back
[222]
with the owner's information
[223]
and you can set it up so that
[224]
you can send out a postcard to the owner.
[227]
Alright, so just driving along like this
[230]
you would think that an activity like this
[232]
is a waste of time, right?
[234]
Most people would think that.
[236]
I see a lot of big investors
that just won't do this.
[241]
You know, I think it really boils down to
[242]
I guess how much you.
[245]
There's a house for sale.
[247]
Just passing over there.
[248]
You can see the for sale sign, alright?
[249]
So if you got your realtor.com app
[251]
you can plug it in,
[252]
see how much they're asking for the house.
[257]
You would be surprised how much you see
[259]
if you just start
driving around like this.
[262]
So instead of killing an appointment,
[263]
it's like 11:55 and I've
got a 12:30 appointment.
[266]
So it's going to take me, I would estimate
[268]
about 15 minutes to get over
to the next property address,
[273]
which would give me about
15 or 20 minutes to spare.
[275]
So I could go and you know
what most people would do
[278]
is get on the phone and play on Facebook
[282]
or maybe they'd stop at a
Dunkin' Donuts and get a coffee
[285]
but what I do instead is I just
get off on one of the roads
[288]
and I go around and take a look.
[291]
So I'm going to circle around now.
[294]
I'm getting a feel for the area.
[295]
There's another property for sale.
[301]
And I'm going to go back
to that street we were on.
[305]
A lot of impatient drivers here behind me.
[307]
There's another property
for sale right there.
[311]
And I'm going to go back
to that street we were on
[313]
and I'm going to see what
the story is with that house.
[320]
Okay, now if I could just
remember what street I was on
[323]
that would be fantastic, right?
[326]
I'm going to guess that this is it.
[330]
Now there's another code
enforcement truck behind me.
[333]
They're just driving
all around town today.
[336]
Okay, let's see.
[346]
So you just get in the
habit of driving slow
[349]
and just looking at every house.
[351]
And you'll learn how to very quickly tell
[355]
houses when you see a
lockbox on the property
[357]
or you see a blue tarp
[358]
or anything that indicates
any kind of situation
[362]
where there could be some kind of distress
[364]
and then that's something that you can go
[368]
and work on, right?
[369]
So here's the property
with the tarp coming up and
[375]
going to go ahead and pull over.
[381]
And let's see if I can turn this around
[383]
and show you guys.
[388]
Alright, so there's the house.
[392]
You can see the blue tarp,
[393]
you can see the lockbox
on the door, right?
[397]
Okay, so now.
[399]
There I am.
[401]
So now what I'm going to do is
[403]
I'm going to make a note of this.
[404]
I've got 797 and what street am I on?
[409]
Have to figure out what
street I'm on, yeah?
[413]
797
[416]
let's get to the next major corner
[418]
and see what street we're on.
[419]
I would put it up on my GPS,
[420]
but my GPS has got an app on it right now.
[426]
So we're at 797
[433]
Curtis, alright?
[434]
So now what I do
[436]
is I'm going to go ahead
and pull out my phone
[440]
and I'm going to open
up the Deal Machine app
[442]
and I'm going to plug in 797 Curtis
[445]
and then what I'm going to do
[447]
is send a postcard
[448]
and say hey, do you
want to sell your house?
[449]
If you do, I'm interested in buying it.
[452]
And the time that elapsed
[455]
from when I turned off
that main road 'til now
[458]
is about.
[459]
It was 11:50, it's now 11:58
[461]
so it's about eight minutes, alright?
[463]
So that's all it took.
[464]
Turn off a main road.
[466]
Took eight minutes to find a
vacant property with damage
[468]
and if I send that postcard
out to that homeowner
[472]
and let's say I were to buy that house,
[475]
and let's assume I can get 25k
[476]
or $30,000 of profit on that house
[478]
then that would be pretty good
[480]
for eight minutes of work, right?
[481]
Would you agree?
[483]
Too many people don't do this.
[484]
And there's not a lot of properties.
[487]
For example on this entire
road I've driven on,
[489]
which is kind of a more busy road,
[491]
there hasn't been one
single property for sale
[493]
on this entire street.
[495]
And there also hasn't been any
boarded up, vacant properties
[499]
or any properties with lockboxes.
[501]
And here I am back at the main street.
[503]
And ironically, right on the
corner of this main street
[506]
there is a house for sale right there.
[508]
That's the only house for sale.
[510]
So flushing out that one deal
[513]
and finding that one
house with that blue tarp
[516]
is how you can make money.
[518]
And if you have the ability
to scale your business
[522]
by hiring bird dogs and paying people.
[525]
You say, listen, here's my
app, I'll make you a user.
[528]
Drive around.
[529]
Every house that you find
that's boarded up or vacant
[532]
I'll give you certain amount.
[535]
You could pay them either
a percentage on the deal
[537]
or you can pay them $500
or a $1,000 per house
[540]
or you can give them $15 or $20 per lead
[544]
that they provide to you.
[545]
And then you simply just
get those postcards out.
[548]
You could have a whole slew
of people driving around
[550]
looking for deals for you.
[551]
And the deals are out there.
[552]
They're everywhere.
[553]
Remember, every day in the
United States of America
[555]
there's people whose houses get burned,
[557]
burnt down, hurricane damage,
flood damage, water damage,
[561]
pipe damage, you name it.
[563]
And these people want to sell.
[565]
And who better than
you to buy them, right?
[566]
Alright, so that's another
video for you guys.
[568]
Hope you enjoyed that.
[569]
Please subscribe, give me a thumbs up
[571]
and I'll see you on the next one.
Most Recent Videos:
You can go back to the homepage right here: Homepage