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Wholesale Real Estate Truth - Why BIRD DOGGING Real Estate Doesn鈥檛 Work - YouTube
Channel: OLA Tux Abitogun
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Closed Caption by YouTube
hey it's all that from my Empire Pro
Studios here today we're talking about
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wholesale real estate truth why
bird-dogging does not work
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stay tuned alright alright alright
what's going on this is all out coming
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to you live from my Empire Pro Studios
today I want to talk to you about bird
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again I want to give you the whole truth
nothing but the truth so help me God
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okay real estate wholesaling right real
estate investing burner you you know you
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get everywhere you got into the business
somebody put it on the checklist it's a
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great way to start the business but I'm
so sorry I'm gonna but that bobble today
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I want to give you the real deal okay I
want to show you how to build a business
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for real and I supposed to you know some
of the things that have been put into
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textbooks into binders into events
binders into you know some of the sweet
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talks from the guys on the stage at the
event I'm gonna give you the food truth
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but nothing but the truth so help me God
because honnestly burger I mean you know
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so we can start like this okay there are
quite a few definitions out there but
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the thing is that I got some questions
here and then I want to start from that
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questions okay but first of all birds
are getting according to some deaths
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definition means you find deals for real
estate investors some even said you find
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use for real estate wholesalers that one
kind of confused me a little bit but
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I'll get into that a little bit later
but you find deals for people you know
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find deals for other people and some
people say drive for dollars the worst
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business the worst business model up and
I heard about in my life you know
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driving for dollars like looking at
houses that have overgrown weed looking
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for houses that are boarded up and they
start doing research on it and then you
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find the deals right and I was at one of
the one of the local meetups here in New
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Jersey the other time and a lady was
like oh yeah there's this house right
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behind my house I really want to buy can
somebody help me how can I
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and she's going in and in and in on that
and a lot of the gurus that were on the
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panel's were just confused because many
of them are also they also just fire or
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kind of fart out of their butt without
necessarily doing proper analysis some
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of them have some success but many of
them are they still in that belief
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system where they have to fluff up
things in order to teach and then sound
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good you don't have to sound good any
more people can do their own research as
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a matter of fact the smart people will
land on this kind of video so what's my
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point here you know as a real estate
investor you know it's really about the
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numbers and every other factors factors
into the numbers even if its location if
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it is the structure ah yeah part of the
property is the structurally sound is it
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in the flood zone all that stuff still
all that stuff just shows up in number
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okay so it really comes down to the
numbers when it comes to a business so
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god this is about profit it's about
maximizing profits and profit only cares
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about one factor that's the numbers okay
so with that being said I have these
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questions that came in today and the
first question says do you have to get
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the house on the contract as a bird dirt
right well first of all I'm gonna
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discourage you from being a bird dog
today okay how do you protect yourself
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so that you do get paid for bird egg
into investors that these contracts
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right same question right you put the
house on the corner because bird dog has
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been made to sound like hey just get the
information give me the address give me
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the address give me the number the
street address the CD and I'll take the
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work from there and if I closed right in
fact one of the from REI Club channel
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right the guy forgot his name and he
actually said you only get paid by the
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way when you close right and that was
all I mentioned but we're in a real
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world people do still okay people good
people still - all right so you
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absolutely a great question how do you
put this stuff in that contract but
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here's the thing once you stop putting
stuff on the contract you are more or
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less than a wholesaler okay if you have
to worry about contract
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more or less more or less a wholesaler
right so why would you want to call
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yourself a bird dog again because you
find deals well guess what it was still
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your deal and it was - your deal I need
to I've had that experience okay if I
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dance Prince where one of my mentors I'm
gonna tell you this story okay
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he's one of the guys that I bought his
courses okay call the people I bought
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their courses back in 2005 when I got
into real estate and I ended up
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advertising and doing some marketing in
uh in this area and rightfully he was a
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little bit hungry because I was
marketing in this area now I didn't
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realize that there's such a thing as a
territory where you can't advertise I
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didn't realize that to be honest there's
no there's no legalities in there
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there's nothing that says that's illegal
but I would have to not want a messiness
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you know I don't want the drama you know
but you know if somebody told me hey and
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this was specifically it was a Camden
New Jersey you know he was making a
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killing in Camden New Jersey you know
like you know I mean I would do so you
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know guess what as a new student of the
game guess what I'm gonna have a choice
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right of course
like like the formula works go advertise
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that come to New Jersey after all I
thought the market is a big place right
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for everybody to eat right so lo and
behold one of his potential clients
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ended up receiving one of my letters and
gave me a call and he found out and then
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got mad at me and got very very nasty
attitude with me to be honest really
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work who now if I wasn't him probably
like ten years but we were cool
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eventually but the point that he's that
he's supposed to be my mentor and he got
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hungry my point there is that it doesn't
matter if they're been making money for
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a while like they are savvy in the
business it doesn't matter okay bottom
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line is that they are people they can
steal they can be jealous of you they
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can become have yourself your success if
you're moving success very fast if
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you're bringing this to the table and
you're all newbie and you don't know
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what to do with it they can steal that
deal okay so what's the key here you
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gotta put proper
co-working place a simply joint
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venturers good enough a simply joint
venture I'm bringing you this deal so
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when you do close on this deal this is
the date I brought you know every
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contract has a date on it right it's
something simple that says it's very
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joint venture on this deal you do all
the work
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I brought the deal to the table we make
money together what we do close you
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wanna put something like that together
because a lot of people over complicate
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the process they want all these terms in
it well it's not all the terms in it
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that's gonna make them not still but at
least in case it becomes something big
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deal that you want to dig into and you
want to get your own fair share you have
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some kind of paperwork that was signed
to take to the court now with that being
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said that's not why you're in this
business you don't want to be going back
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and forth from a court from the court
right that's not why while you're here
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you won't you're here because you want
to make profit you want to make business
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right but it's good to have simple stuff
like that you can google the contract
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you can type your own out because I can
you can sign this for me right and if
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they have a problem signing that chances
are if they have an inch of a problem
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signing something a simple contract a
simple one-page simple English contract
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chances are they will steal from you
eventually and it's not gonna be nice
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okay so yes that's a bird dog you have a
contract in place that people that
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decided to work on your deal can't sign
now here's the thing it could be like a
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non circumventing not a conventional
type of agreement like they don't go
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around you to go do the deal it could be
something like that however the whole
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point of this is that bird again okay
it's it's not a name you want to give
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yourself you are in fact a full-blown
real estate investor okay and at the
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very minimum you are a wholesaler
okay because once you start putting a
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house under contract first of all yes
you did this contract with this joint
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venture person now you brought them to
the table they sign the contract you can
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either do it that way or you can put the
house on the contract first and then you
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can flip the equitable interest in that
contract to the investor either way you
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want to make sure you are a business
person here you are not don't call
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yourself a newbie
okay don't allow gurus to call you a
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newbie majority of people against this
business or people that already had a
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professional life outside of real estate
what bring that to the table
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you know what professionalism is right
put some people work together do the
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right thing okay put don't assume people
are angels okay the average person is a
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good person
on to there's real money to be stolen in
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front of you and it'll steal that money
okay when it's money involved a
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different type of beast shows up in
human beings okay so you want to protect
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yourself okay it's better to be how do
you say just make sure you don't become
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sorry okay for yourself all right so
yeah now the second thing I wanted to
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deceptor meet your partner I wanted to
talk about here is the the driving for
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dollars thing okay marketing is really
the profession you're in okay if
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somebody says oh just go find use and we
take you from it really the profession
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you're in is you're being a marketer
okay you're not a burger or whatever
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they want to call it you're not a bird
dog okay number one driving around $4
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bond gases okay in other word and also
majority of the houses you're gonna find
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on the street find on the street are not
deals okay it could be five in a day
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could be ten they're not gonna turn out
to be deals okay so you might as well
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learn proper marketing okay and bring
properties to the table okay because
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you're gonna burn gas you're gonna burn
energy you're gonna get burnt out you're
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gonna knock on doors and people are
gonna shut the doors on your face I mean
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there's a bunch of old-school things
here that people are still teaching and
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I'm gonna promise you that you're gonna
fail at it on an average okay an average
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you want mean you're gonna get tired if
you do it in this somewhat it's gonna be
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too hot you're doing the wintertime it's
gonna be extremely cold it's not gonna
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be worth your time I mean think about it
do $20,000 $5,000 you're trying to make
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you're trying to make it you're not
making it so in other words there's no
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paycheck on Friday you're gonna get
burnt out well there's one activity you
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can master that you don't get burnt out
and that's marketing okay digital age
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marketing okay digital age marketing
these stories marketing involves some
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level of a crowd
from our can actually 100% of attraction
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marketing you want these dudes coming to
you how do you become the center where
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all the deals come to that's the
question you want to ask yourself how do
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you become the center the hub that
attract all the deals right in the
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digital age that's what I want to
encourage you to become and that's
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called being a marketer in the digital
age and it's very possible not only is
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it very possible
it's actually my reality okay if you see
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me do anything whatever you see me do
you watch in the hands on the fingers
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that's it I'm attracting all the deals
okay and you can do the same thing
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because you have access to the same
resources okay never mind the backdrop
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and the fanciness oh you see my video on
the outside before you video anytime I'm
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using an iPhone for this video right now
alright to record this video so in other
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words you have the resources okay iPhone
earpiece earbuds right you have the
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resources to attract the deals but yes
there's a science to the madness okay
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but the good news think about it right
now okay this video is gonna be seen by
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hundreds of thousands of people's last
month I had 11,000 views on this channel
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right here okay how many views can you
get when you start driving around your
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neighborhood right how many houses
number one are in your neighborhood -
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probably not up to 11,000 right and how
many deals can you attract by doing that
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right how many doors am i knocking right
now by just making myself available here
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right so think about that how would you
like to apply this same concept into
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your business I've tracked all the dudes
you want and then let the real estate
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investor the cash quarter code cash
investor start kissing up on you because
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they want the deals that's coming to you
right now you're on a different level
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entirely when it comes to bird dogging
right I hate the word bordering because
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they will use it to get people into a
situation that the waste time the waste
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gas right they burn of breaks for maybe
three months and then they never close
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the deal then they just quit on a
business that's on an average what
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happens okay so I want to promise you
okay if you are burning right now
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there's a very high chance you're never
gonna make
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okay now if you're one of the pure
unicorn if you're one of the one out of
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every 200 every 500 person I just
estimated okay you may end up learning
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this eventually maybe you stumbled upon
this video right you're gonna learn
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eventually and then you can apply this
doesn't work let me learn how to
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properly wholesale real estate which is
you put a house on the contract and then
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you flip the equitable interest in that
contract how do you find these houses
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same activity marketing you need to
learn how to market in the digital age
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now you may say all should I said
letters well when I told you I said
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letters was back in 2005 and it worked
very well between 2005 and 2008 they
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wiped out of the business in 2008 try to
come back in 2014 with the same strategy
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failed after over 25,000 dollars in
marketing on direct mailing it does not
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work anymore on average especially if
you're a new person okay some of the
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Guru's the bigger ones right some of the
ones that have been doing it for years
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they have a deeper pocket before they're
gonna feel a pain Direct Mail is
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overpriced mailing from a post office is
overpriced why because there are cheaper
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ways to market today is the digital age
okay so but guess what a newbie coming
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out of the fortune builders seminars
coming out of Rich Dad seminar is gonna
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go send direct mail and then three
months down the line they're gonna find
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out well I have a close one deal I've
spent God knows like a few thousand of
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dollars on direct mail you're gonna find
that out the hard way then you're gonna
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stumble upon this video and you're gonna
be like you know what there are cheaper
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ways to market online and I tracked all
these deals to me right
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most people are sending those letters a
whole month like all people go to the
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seminars send letters to the same list
public record right and then they end up
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getting less response right a lot of
people are still touring the response
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rate around say hey I got 5% for every
letter I said it's a lie okay none of
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them are counting it okay that's number
one the number two is a lie because
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everyone else are sending us those same
letters okay so if you want to learn how
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to properly how to properly attract
people without being
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the competition letters on people's
tables in their houses when they and
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pre-foreclosure or where when they lot
once died or something like that you
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know all those public records they tell
you to be in sending letters to gonna
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learn how to get around that then that's
what I'm here okay because you can use
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the Internet okay everybody Google's
before they take a decision okay
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everybody
Google the Google the information when
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they Google what do they find
do they find you or do they find all
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those people sending letter spending all
those money spending letter
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spending all this money sending letters
right most of them are gonna so the
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truth here is that you can have other
people advertise for you let them send
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out the letters when they come on the
internet they find you you want to learn
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how to do that I have a free masterclass
on exactly how I do that okay and you
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can access it I don't know someone this
great somewhere in the bottom or you can
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just go into the description box and
click on it it's Ola talks comm slash
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mastermind it's a free class attend it
okay get into the free class see the
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case studies okay yes it's internet
marketing okay and how to apply you
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don't know how to apply to your
particular thing you're trying to do
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okay everybody's advertising on the
internet okay but I want to teach you
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around the way because if everybody
community Internet you guess what the
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internet is becoming overpriced you I'm
going to teach you a way around that
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okay we're all the overpriced overpriced
marketing doesn't affect you you keep
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your marketing dollars low you keep your
marketing budget or advertising dollars
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or advertising cost low and you increase
the upside significantly because again I
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told you this channel has a level
thousand views in the last one month can
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you beat that is that something you can
relate to so that's what I want to tell
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you so bird-dogging that's the truth
about Berg Berg is a way to get people
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into the business you get a bunch of
people out there and they maybe one out
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of every 100 person will find a deal and
then the Guru's would close the deal
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sometimes they steal it sometimes they
don't but that's one out of a couple of
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hundred people that we ever have success
with that okay if not thousands of
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people so make sure you become a
professional bring your professional hat
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to this game you know what makes sense
something
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just simply doesn't make sense driving
around $4 doesn't make sense that's a
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fact you know that you're gonna drive
around $4 find a house to overgrown weed
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you knock on your door there's somebody
leaving and they get sick okay it's not
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a deal okay all kind of different
scenarios I bought it at home you trying
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to find the person you wasted hours upon
hours digging through the internet you
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can't find the person you just wasted
hours for no reason while people are on
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here watching my video for hours my
videos for hours okay I don't teach you
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something special so come on inside the
free master class if you know somebody
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that could benefit out of this so you
want to share this and you want somebody
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that may have an opinion about this
please share this video with them okay
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and if you like what I've said so far
give me a thumbs up if you don't like it
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give me a thumbs up still if you have
thoughts around this please share it in
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the comment box below but more more
importantly go through my free master
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class and see for yourself what kind of
case studies people doing for million
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dollars a year two hundred fifty
thousand dollars a month examples
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real-life examples of people that sit
back like this and collect all the money
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you're trying to make I'll see you on
the next one peace
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