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All Forum Posts by: Jerryll Noorden

Jerryll Noorden has started 131 posts and replied 4545 times.

Post: Off market deals! It’s easy find yourself some off market deals!

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045
Quote from @James Hamling:

@Joe S. 

Is it "easy" to find "off market deals"? If your using the word "easy" in place of "simple", well heck-yeah! 

Proof? The MLS.

Fun fact, >98% of every property on the MLS, was an off-market property until the agent/broker put it on the market.

And, ok let's just be honest here, just gonna say the silent truth of it, theres a reason no real estate agent has ever won a Nobel prize.... 

I mean come on, we all know it don't we, Mensa is not exactly swelling with ranks of real estate agents right. So great levels of intelligence it does not take. 

So, how is it daily that this league of "Joe Dirt's" can source literally thousands of off market properties across that nation if it's not "simple"? 

The rub is, just because it's "simple" does not mean work is not required...... And that the work is simple, easy, fun or enjoyable. 

Can mailers work? Yes they can.... IF you put in the work. 

Can door knocking work? Yes, again, IF you put in the work. 

SEO, cold calling, networking, hitting up probate attorneys, hanging outside the funeral parlor..... ok maybe not that one but point is the strategies are all but endless AND THEY ALL REQUIRE WORK. 

Some are more efficient than others, some WAY more efficient (shout out to @Jerryll Noorden) but with 1,000% certainty THEY ALL REQUIRE EFFORT. 

Why is it said to seek "Off-Market"? Because first and foremost it requires you getting INVOLVED, putting in some rep's, and if you won't get involved and won't put in the rep's you will never, I repeat you will NEVER succeed in investment real estate or any business venture EVER, full-stop. 

Second, because when you are connected 1-2-1 as you will be in an off-market potential, there is a flow of information that can never happen with intermediaries in between. Rapport can be built. Ideas bounced back n fourth. It can be a conversation in search of a win-win, a mutual effort vs adversarial negotiation as on-market is designed to be. 

Success requires effort people, always has and always will, there is no work around. 

This is a very good point, and it’s exactly what I wanted to convey.

"Easy"… well, where do you go when you need something? Google, right?

Picture this: You’re driving with your family on a beautiful, warm Sunday afternoon. Suddenly, your youngest starts yelling from the back seat, "I want ice cream! I want ice cream!" You sigh, say "Fine!" and whip out your phone.

"OK GOOGLE, navigate to the nearest ice cream parlor along the route," you say. Google responds, "Sure, here’s one. Want me to set directions?" You set the GPS, drive to the ice cream parlor, buy some ice cream, and now your kids are happy.

Now, consider the next few questions:

  • Did the ice cream parlor lift a finger to get you in their store? No.
  • Did the ice cream parlor spend a cent to get you through their door? No.
  • Did the ice cream parlor even know you existed? No.
  • Did the ice cream parlor know you’d become motivated for ice cream today, tomorrow, or ever? No.

In fact, YOU didn’t even know you were going to be motivated for ice cream 30 minutes before you became motivated for ice cream. If YOU don't know when you become motivated for anything, how is anyone else going to know?! And this my friends is what lists DO NOT WORK! If they did work, it would take you 5000 tries to get one contract signed!

My point?

Was it easy for the ice cream parlor to get you through their door?
Well, they didn’t do a thing to make it happen. So, in what way exactly was it not easy?

Now here’s the biggest takeaway:

It’s only hard when you do it wrong.

The ice cream parlor could have cold-called you any day of the week, and you would have said, "No." Is it hard that way? Yes! Absolutely.

This is why I always say on BiggerPockets: You cannot target motivated sellers. Why? Because no one can predict when someone will become motivated. Not you, not me, not anyone.

If you’re relying on your ability to predict when or if someone will become motivated, then yes—it will be ridiculously hard to generate leads.

But if you do it right…

And let motivated sellers come and find you…

How on earth is it hard? You do nothing, and they come to you.

So again, it’s only hard if you do it wrong.

Now, setting it up—the application of it—is a different story, right? Yes, you need to rank #1, but that’s not “lead generation.”

It’s like asking, "Is it hard to make an airplane fly?" No, absolutely not. Airfoils do all the work. But building an airplane? That’s a different story.

But I stand by my answer: Lead generation is crazy easy. They come to me. How can that be hard?

You just need to know how to rank #1 on Google and make sure your website converts. And even that is not too difficult as long as you know how it all works. And no I am not selling anyone on SEO. 

Post: Off market deals! It’s easy find yourself some off market deals!

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

It is only difficult if you do it wrong.

It is only difficult if you do not understand the concept of motivated sellers (which is indeed 99%+ of all the so-called experts that indeed pretend they got it figured out but they absolutely don't).

BUT that doesn't mean off-market, motivated sellers are hard to find.

They are indeed SO easy to find that as long as you do it right, you don't have to pay a cent or lift a finger to get them (once your system is set up).

We get more than we can handle and anyone can do this without having to pay anyone anything to do it. I didn't pay anyone. And all the off-market leads in my market go through hoops to try to reach us.

This concept is the exact same concept all of you use when you need something.

You all go to Google right?

Bingo!

I hope all of you are starting to realize how simple the concept truly is.

Get a credible website, focus on conversion (value) not rankings, and you WILL dominate your market.

Now the concept is easy, yes, the application takes a bit of smarts, but as long as you have common sense... it should every doable!

Post: Facebook Wholesaler Wants me to Zelle for Property List

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

1. If these were real motivated sellers, he wouldn't sell them for a bit over 1 buck a pop. Standard PPL (Pay Per Lead) companies will sell them between $150 - $750 a pop.

2. If he was truly a real company or an expert at this motivated seller craft, he wouldn't be offering you only 20 of them.

Don't bother.

Post: Newbie Here! | Tips, Tricks, & Advice Appreciated!

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

Yes make sure you join it. It is a completely fresh start-the-right-way kind of deal. PLease do yourself a big favor and do NOT listen to the gurus about cold calling driving for dollars texting and DMM. Trust me on this! Make sure you sign up and I'll walk you through each and every step!

Post: Newbie Here! | Tips, Tricks, & Advice Appreciated!

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045
Quote from @Jennifer Barbary:
Quote from @Jerryll Noorden:
Quote from @Nathan Gesner:
Quote from @Harrison Pruett:

Everything on the MLS is also listed on realtor.com, updated every 15 minutes. Access to the MLS doesn't really give you any advantage.

Everyone is struggling to find deals. Prices increased dramatically and sellers know it. A lot of money is floating around because people cashed out equity to invest, or they had extra income thanks to COVID.

The only "trick" I can share is that you need to be patient. Keep working at it, knowing it will be hard for a while. When the market swings the opposite direction, you'll be ahead of the game.


Everyone trying to target motivated sellers is struggling. That could be true.
But saying everyone is struggling to find deals? That’s absolutely not correct.

Here’s the thing: you cannot target motivation. The reason most people are struggling is that they don’t truly understand lead generation. Those who do understand it aren’t struggling.

Here’s the common flaw: people think a circumstance equals motivation.

  • Foreclosure = motivated
  • Tax lien = motivated
  • Absentee owner = motivated

That’s just not true.

Motivation is an emotional response to a circumstance, not the circumstance itself.

Let me give you an example. Most people assume that tall grass, boarded-up windows, absentee ownership, foreclosure, or tax liens mean a person is motivated, right?

Well, here’s the truth:
A motivated seller isn’t someone who wants to, needs to, or even has to sell their house. A motivated seller is anyone willing to sell their house below market value.

Take 100 people in foreclosure, randomly. Ask them if they want to sell their house or keep it.
100 out of 100 will tell you they want to keep their house.

The same goes for absentee owners, probate, tax liens, etc. These are all people who, if given a choice, would rather keep their house than sell it.

So, what’s happening? You’re chasing the wrong people.

You can’t just use a checklist like “tall grass” and assume that means someone is motivated.

The sensible solution to foreclosure is indeed to sell, but the emotional response for someone in foreclosure is to find a way to keep their house, not sell it.

And what are all the "experts" teaching? They’re telling you to go after foreclosures, tax liens, and to use Propstream to find deals, right? They’re telling you to chase audiences that explicitly do not want to sell their houses.

So, no wonder “everyone” is struggling to get deals. And by “everyone,” I mean all the people listening to these podcasts and gurus who are spouting unfounded nonsense that makes no sense.

The moment you realize that you cannot target motivated sellers (because no one knows when someone becomes motivated), you’ll understand that the only way to find them is to let them find you.

Know where they’ll be looking when they become motivated—and be there. That’s how you’ll get all the deals.

It really is that simple.

Are you saying you get a lot of leads from people googling and finding you?  Do you have a website setup that people can click on like one of the “we buy ugly houses” type?

 That is exactly what I am saying. You can not possibly target who is or who isn't motivated, so DMM, cold calling, anything to do with a list, can't target motivated sellers.

But you don't need to be able to target them.  What is the one thing EVERYONE with a pressing issue have in common?

Everyone who desperately wants to solve their problem (motivated) will take it upon themselves to find ways to solve it. Everyone goes to Google. No one will wait next to their mailbox when they get bitten by a rattlesnake hoping some doctor will send them a mailer call or text on what to do when they get bitten by a rattlesnake.

Everyone goes to Google.  So in other words you can't target motivated sellers, but you  know WHERE they will be when they become motivated. Google!

Rank #1 with a credible website and all your leads that are crazy motivated will come chase you, find you, beg you to please give them attention and make them an offer.

And No, not like the we buy ugly houses websites. Those people do not have a CLUE how websites and conversions work. Their form of lead generation is to throw hundreds of thousands of dollars into marketing and see what sticks. It is embarrassing what they do with their branding and their looks.

Post: Opinion on BRE Leads

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

AI is not some magical, all-knowing miracle that can pull leads out of thin air.

AI is simply a faster, more hands-off way to find the same low-quality leads you get from DMM, cold calling, and SMS marketing.

You’re not improving lead quality—you’re just finding bad leads faster. That’s all AI does for you.

Companies try to sound sophisticated and technologically advanced with big words, making their so-called “innovative” systems look impressive. It’s all BS.

If AI truly worked, there’d be no need for DMM, D4$, cold calling, or any of these other methods. Yet they remain!

Post: New to Wholesaling – Looking for Tips, Insights, and Potential Opportunities!

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

Mr. Greene is spot on.

Let me add this.

A lot of wholesalers get leads and then negotiate endlessly until the seller won’t budge below a certain number. They sign the contract, hoping to find a buyer willing to take it on.

Instead, go in with a maximum offer in mind from the start. If the seller doesn’t meet your number, shake their hand, give them your business card, and say, “Call me when you’re ready to deal.” Then walk away.

Focus on lead generation—true motivated seller lead generation. There’s a huge difference between winging it and setting up a system that consistently brings in genuinely motivated sellers.

Get a website, focus on the 3 pillars of conversion (look it up), and crush it.

Post: About Inspection Contingency

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045
Quote from @Corey Gelineau:

The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property. Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period. This appears to be a misuse of said contingency. What are your thoughts on this? And if it is a misuse of the inspection contingency, aren't wholesalers who do this running the risk of being sued and even being forced to purchase the property themselves? 


 Yes it is a misuse:

We teach wholesaling with honesty and transparency. We’re upfront with sellers, letting them know we have no intention of buying the house ourselves but instead plan to wholesale it.

This approach of honesty is so remarkably effective that we often don’t mention wholesaling until we've made the decision to wholesale rather than buy the property and flip it.

What many wholesalers don’t realize is that by embracing honesty and transparency, success becomes exponentially easier and faster than by resorting to deception.

With transparency, there’s no need to hide or pretend. You can be yourself, truly add value to the seller, streamline the transaction process, and often achieve greater profits. It’s astonishing to me that some gurus still promote dishonest practices in wholesaling.

Don’t rush to blame wholesalers, though. Many are just following the practices they’ve been taught (although if you choose dishonesty, some responsibility does lie with you too).

For any wholesalers interested in learning how we approach wholesaling ethically, just let me know, and I’ll gladly share a detailed post on it here.

Post: Difference between Wholesaling & Assignment

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

An assignment is part of the wholesaling strategy.

You get a property under contract below market value, let's say property ARV= 400K.

You get it under contract for $150KK

You ASSIGN that contract to a cash buyer for $250K.

Your assignment fee would be (roughly) $100K

The assignment is part of the wholesaling strategy.

1. You find a property 

2. Negotiate a price significantly below market value

3. Assign it to a cash buyer for a number higher than that you got it for

4. Close and during closing you get the assignment fee which is the difference between what you got it for and sell the contract for.

Post: CRM and List Management

Jerryll Noorden
#2 Marketing Your Property Contributor
Posted
  • Flipper/Rehabber
  • Wilton, CT
  • Posts 4,757
  • Votes 4,045

We use Monday for CRM and we augmented it with Keap. Nothing beats a custom optimized CRM to fit your needs and how you do business.

I honestly feel like everyone selling CRM try really hard to make people believe they need an "out-of-the-box" system, but this truly HAS to be customized to how you manage your leads.

For Lead generation we leverage GrumpyHare

This is all we use.