All Forum Posts by: Jerryll Noorden

The first thing you should do is learn everything there is to know about motivated sellers.

You need to understand them, what drives them to take action, and what are the requirements for that action to take place.

Please forget what you see on youtube.

It is not a coincidence that everyone flocks to YouTube to watch videos and still so many fail.

I just finished a video on the secrets to conversion, from 8 years of research through my own #1 organically ranking website. I made it available in my own community, but for obvious reasons, I can not share my community here.

Sadly BP also doesn't allow videos to be posted here as I would happily send you that video all branding removed.

I am sure though you can find it with a bit of digging.

Regardless... you start with equating a conversion.

Once you do that the path will reveal itself I promise.

Feel free to ask me anything and I will respond. But what I said is the first step to take.

 Well, I guess there is not just one way todo this.

But take my SEO course for example. We do over $200K/month in profits with that. I took that money and bought a house with it every month.

So the digital assets IS making me wealthy. The money I get without much investment, gets dumped into assets.

How long will it take you through REI passive income to do $200K/month?

Even flipping or wholesaling will still take some significant systemizing and scaling to reliably do $200K/month

People can "tell you" all they want, and anyone can sit here and speculate what is and isn't the best way to get rich or wealthy. 

However me? I am literally DOING this right now. So there you have it. It is hard for anyone to convince me otherwise when I am doing it myself right now and it is working better than anything else all these "wise men" preach.

Again as I said in the beginning, there probably are more ways to get wealth, but no one can tell me anything about how we are currently doing it.

 This is just in "Real Estate Investing".

This is not the answer to "get wealth". 

And this is something I have been contemplating a lot during the last 2 years.

You will be shocked to know this is coming out of my mouth.

The whole passive income model all you/us real estate investors are so obsessively promoting... MAKES NO SENSE!!

How many doors do you need to collect to get a measly $10K passive income?

Let's say you collect a net profit of $200 per door.

You would have to get 50 doors, dude. That is crazy. Let's pretend for a second that 1 door = 1 house.

That is 50 HOUSES you need to buy.

Impossible? Of course not. Difficult Hell yeah. The average Biggerpockets user will NEVER get more than 10 doors (I suspect).

Now think about it. Is it really that difficult to find another way to get $200 passive income?

NO, DUH. Pretty much ANY digital asset gives you that.

I used to get a referral for software with every person I helped sign up. With 150 people I received a $3K/month passive income. And I did NOTHING to sign them up. I am just decently known in my space so people just click on my links.

So $3K/month... corresponds to 15 HOUSES.

If each house would cost you $400K, that would be a $6M investment, just to get $3K passive income?!

What the hell is THAT!?

It makes NO sense.

Yes wholesale, flip. Make money... use that money to get into a subscription-based online business. And with that TRUE passive income, with that money you buy assets.

Have diversity.

But the whole Real Estate Investing to get wealthy... honestly is a scam Gurus preach to get money in their pockets. I am willing to bet more than 80% of the people trying their "luck" at REI fail, miserably.

This obviously tells you something truly is wrong with this niche/model!

But I am now selling a beef burger to vegans in this group.

All I can tell you all, I am not stupid. I try to be smart, I don't listen to others, I listen to data, evidence, the signs of the universe.

My model I truly believe is the best thing to do!

Get true recurring income that is feasible (digital products and services). Stabilize it. Get a steady income without spiking your debt-to-income ratio... and without having to spend a huge fortune to get a miserable passive income.

Then with that money get secured assets like real estate that will always be physically worth something (not just digitally).

And that is kids what I am doing now!

And I suppose that is exactly what you are doing now monetizing Biggerpockets, as a digital recurring income platform.

 Let me try to give you a new perspective of looking at all of this.

WHolesaing is not competitive. Really think about it. Wholesaling is getting a contract signed below market value and selling that contract to a back-end buyer.

The fact that wholesaling is saturated has nothing to do with the difficulty to do consistent deals and close these deals and make money.

What IS saturated is marketing. Finding deals, ads. THAT is saturated. NOT wholesaling. I am not being funny here or "clever". I am trying to give you the solution. In order to find a solution to any problem the first step we scientists and engineers do is, define the problem. The true problem. Identify it, isolate it, define it.

Only when you truly understand the problem, and define its boundaries can you begin finding a solution.

So instead of looking at other "fresh money-making strategies" look at the REAL problem.

Finding leads, Finding Deals.

It is marketing. 

Now.

What does EVERYONE do?

You all buy lists, get Propstream and other software subscriptions, buy into AI crap, and what ever else the uneducated Gurus tell you to do.

In other words, all you are trying to do is figure out who IS and who ISN'T motivated right?

Isn't that the point of a list, a selection or a filter? Put motivated sellers on the list and non-motivated sellers off of the list.

But think about it. You don't need to know who is or who isn't motivated. All you need to know is where motivated sellers will be WHEN they become motivated.

Where would you go to get food if you were a hungry lion in the savannas of Africa?

The watering hole.

I don't care who you are, your butt WILL be at the watering hole at some point.

WHere does ANYONE go when they become motivated? Google!

So the second you define the actual problem, the solution is quite easy.

Wholesaling is or isn't saturated, but that doesn't matter.

HE (or she) that gets the leads gets the market!

Find better ways to get leads.

Me personally... I am quite good at SEO, so the leads come and find me. And I have ZERO competition. I get all the leads! And for free!

Work smarter, not harder!

When you are looking for a pink dress to buy for your daughter, how would you possibly do it?

You go to Google and type in "pink dress" right?

Easy right?

And google will find you websites that offers pink dresses right?

Let me check this for ya...

Oh Em Geeh it worked!

How does Google know to return "pink dresses" when you type it in? WEBSITES that offer pick dresses have pink dress content on it and Google crawlers catalog all websites on Google so Google can retrieve them when someone looks for them.

If you build a website where you tell everyone (Google included) that you buy Duplexes, anyone who has a duplex to sell will find your website, if you are decent at SEO and that is how you find Dumplexes with a website.

You can have your website target anything you want.

Lastly, I always find it funny when people pull that $7K card on me. First my products do not cost $7K.

Second:

You are willing to spend $300K+ on a crappy house hoping to fix it up by spending an other $200K on it hoping to make a $60K profit after 6 months to a year,  

But the thought of spending $7K to make continuous $100K+ profits with far lower risk, with all the proof shown, evergreen forever getting you these deals for free makes you cower in fear.

Silly don't you think?

And I am not selling you anything here. I am just giving you the truth. You can either listen to the people that tell you DMM has worked for 10 years for them, rushing to believe that, when 23,000,00 other people tell you that they got nothing out of DMM selectively picking who you want to believe based on what you want to hear.

I am not here to make you believe anything. I am here to provide data. You choose what direction you want to go with the knowledge I gave you.

Go do your DMM. and I hope it will work for you. Cheers dude.

 Yo bro!

I guess it is so. I am not bothered by it though. I have been wholesaling ethically since I started, so all this does is remove all the dishonesty from it all. Yes it will affect us all, because no one trusts wholesalers, but this will also purge all the BS from this space.

If wholesalers don't back off and evaluate what they are doing is absolute crap all they are doing is making it more difficult for themselves to succeed. Sadly, no one cares about the greater good. Everyone wants a selfish peace of the pie.

We shall see what happens.

How have you been dude? How are the deals coming along?

Please don't follow the teachings of all these gurus promoting DMM.

It is not the "verbiage" of the marketing material that magically does the trick.

It is your ability to show how credible, trustworthy, and competent you are that drives a conversion.

The medium itself (mailers) works against you.  Do you see Apple writing letters like:

Would you believe it is apple if you received a letter like this?

And do you see the writing style? With the "$BUY$"..

Do you know how many people use that exact same style? I tell you man some stupid dumbass moron came up with this idea and every single one these sheep out there decided it was such a good idea everyone started doing it without an ounce of thought. Till this DAY people are STILL doing this lunacy.

No my dude.

It is not the verbiage.

It is whether or not you can convince them you are legit, capable of buying their house in cash, have the money, experience and know-how to do so.

So you honestly think you can do all that with a weird mailer  (especially when the seller gets 30 fo them a week?)

Get a website. Make it credible, and drive people to your website.

Now THAT is what Apple, Adidas, Nike, Windows, Rayban, and CheeseCake Factory all do!

You sign the Purchase and Sale agreement with the seller. This gives you the sole right to buy their house.

The assignment agreement (between the back-end buyer and you)  says that you are passing along YOUR sole right to buy that house over to the back-end buyer, as the cash buyer then steps into the contract and you (kinda) step out of it.

You know when your bigbutt friend sits in a chair for 3 hours, he gets up and you sit in his charge and you feel all that buttheat terminating from that chair?

Same thing (I think), you just kept the back-end buyer's seat warm for him)

Before I answer, let me ask you this.

Why are you entertaining a cash offer?

What is your motivation?

 I wouldn't start with  "good old prospecting". I am not saying that your experience is wrong.

What I am against is using personal opinion or personal experience to give advice by forming a conclusion when the experiment used to form that conclusion is not relevant.

Let me explain.

Mister Brad Daniels made $2M dollars cold calling and now he is trying to convince the masses that cold calling is the way to go.

You know what? He made $2M. Good for him. This doesn't mean that because HE made $2M , YOU will too.

This is Opinion-based BS and experienced-based BS. What I am teaching is data,

1+1=2, right?

1+1=2 no matter who does it, where you do it or how often you do it.

This is not opinion-based education or teaching. Nor is this experience-based teaching. I ONLY do data. That is the ONLY way you will get the highest probability of success.

Now back to why I wouldn't do what you advised him to do.

I said it once and I will say it again.

You do not chase "success" based on what you have available.

You figure out what it takes to become successful and then use what you have to get what what it takes, to become successful.

If it takes $30K, 20 hours/day, and a beautiful woman smart by your side, figure out how to get these things and become successful!

Driving for dollars is cheap, and you have no money... that is NOT a reason to drive for dollars.

You do driving for dollars because of how well it works (gets you leads), not how cheap it is. You are not doing it for the action of doing it, you are doing it to be successful.  90%+ of the people doing it never get a deal from it.

Imagine 2 investors, none have money, and both want to become successful.

Investor A, drives for dollars, knocks on doors, and starts cold calling random people, while Investor B, gets a job at McD and works for 4 months straight saving every dollar after which he runs a Facebook ads campaign with that money.

Not only will investor B have a far more reliably higher probability to get the first deal, but also a second and third deal from that one-time investment of effort and money.

Lists have a 0.001% to 0.01% success rate. No one should be saying "you will get there faster" using lists. 

But all you said about SEO is indeed correct. It CAN take time. Some of my students reached the top spot in 2 weeks. So it is possible.

Any more questions? Just ask