Hi there. I'm Noelle Randall. Real estate entrepreneur mentor and mom of five. And
on today's episode, we are talking about how to fight investors for flipping.
Where do we look? Where are they? That's what we're going to be talking about.
So, in today's video, I'm going to be giving you the easiest way to find investors,
okay? We're not going to make this difficult. There's lots of different places that
you can look. And I'm going to tell you the easiest way to find them --active
investors that really want deals now. The next thing I'm going to teach you is
what to say when you find them, okay? What should you be saying? How should you be
approaching them? What do we talk about? I'm go give you some tips and some
hints. And I'm going to tell you what not to say to them as well. Then lastly, we're
going to talk about how to set yourself apart from other investors that are
approaching investors. So, you're an investor, you're new to this. you found
them. Now, how do you set yourself apart from
other people? We're going to talk about that. I'm going to give you exactly how to do
that. Then lastly, I'm going to give you the secret tip so that you are credible on
day one where you don't even look like you've never spoken to an investor
before. So, the first thing that you want to do when we are talking about finding
investors for flipping is get on your computer. You're going to need a computer.
You're going to need a laptop. You're going to need the internet because I need you to
do some searches, okay? You're going to have to do some searches and you're going to
have to create a list, okay? So, there's some great places to find real estate
investors. And the number 1 place is absolutely free, okay? And that is
Craigslist. On Craigslist, you'll be able to find buyers, sellers and real estate
investors. But as of late because so many real estate investors have been on
Craigslist, Craigslist is filled with a lot of real estate investors that are
active that are putting ads out on their properties and that have
marketing properties that they have for wholesale. So, that's the first place that
you want to go and it's absolutely free. The second place that you want to go is
myhousedeals.com, okay? And I'm going to give you a link below. Again, completely
free. You want to set up your profile with my house deals. There's thousands of
investors there. Active. I literally know the owner of the company and I work
really closely with them. And so, I know that this is the premier place right now
from where most of the real estate investors are that are actively
investing in real estate. The second thing. And you have to do this.
Actually number one was the easy thing. On the computer. The second thing is you
got to get out of the house. Sorry, guys. If you're super introverted or you don't
like talking to people and being around people, if that's the case, you're
probably not going to be successful in real estate.
Anyway, just being honest with you I love you so much. But you have to meet people.
This is really more so about people than it is property. So, you got to get out of
your house. You're going to have to go to real estate investor Association
meetings. Also known as REIAs. R-E-I-A. They're everywhere. There's what you want
to go to local ones in your area. Put on by the real estate professionals in your
area. Additionally... Again, I said on the
computer but you want to go on meetup which is on the computer. And then
literally go to the meetings that they have, okay? And everything... We already did
the computer thing and that's great. But you got to also get out of the house and
go out and meet these people because this is where they are. They're at those
conferences. Not the training conferences per se, okay? I'm going to give you a quick
little tip there. You're not going to go to training classes and find like these
seasoned investors looking for properties. But the local ones where
sometimes they're teaching them themselves are teaching. And they have
other vendors there. They have contractors there. Electricians, hard
money lenders. Those are those meetings and those seminars that you want to go
to. Go to where the investors are. And real estate investors that are actively
investing in real estate looking for properties. We go to REIA meetings. Number
3, when we're talking to real estate investors, it's so important, many people
are new to the business. They want to get established and they want to talk to a
real estate investor and send them properties or see what they have. But
many of the times, you don't know the words. So, you really need to practice the
terms in the words, okay? And of course, I have videos for you teaching you all of
this lingo, all of this jargon. But important terms that you need to know so
that you sound credible when you get started.. Of course, you need to know the
difference between wholesaling and fixing and flipping. Got a video for you.
So, watch that video. Know the difference. Because so many times people
are intertwining the terms and they're talking about like flipping but they're
talking about flipping a contract. They're not talking about fix and flip.
And you really have to know the terms and the
lingo if you're talking to someone. Seasoned, because if we're talking to
someone that does not know what they're talking about, we're going to immediately be
turned off. Okay? The second term which you have to
know and understand very well is ARV --After Repair Value. If you do not know
what an ARV is, again, have a video for you. You need to know what the ARV is and
you need to know how to determine it which is just looking at other
properties that have sold in the area. Again, I have a whole video, we'll give
it to you. But you need to know and understand that's what the ARV is and how you
ascertain how you get that number. If you do not know this information, if you
can't figure this out or tell anybody even what this means,
you're going to seem like a fool. And you don't want that. So, I just basically told
you and these are the like 2 important things that you really need to know and
understand before ever talking to any seasoned investor about flipping. And
then lastly, you want to come off credible. So, here's some things that you
need to avoid and then I'm going to give you some help because I get it. I know
what it's like to be new. So, one of the things you really want to avoid is
saying, "I'm new. I don't know what I'm doing. I have no idea." I have so many
students and new investors that I meet. And I get it. You want to be transparent.
You want to tell the truth that you're new to this. But at the same time,
focusing on your newness doesn't really offer any benefit to anyone. And it
really just takes you down a notch. Additionally, you just don't need to say
it. Not saying that you want to lie and say that you flipped all these houses
and done all these things, you don't. Please don't do that.
But you also don't want to just come off and come off as this fool, the silly
person. This person that's not maybe even serious about it and be taking advantage
of. The point that I'm trying to make is just avoid saying that all together. Do
not say those terms. Try to avoid how much experience with that you have. If
people ask you the question, yes you can answer very honestly and you can say, "You
know, I'm... You know, just checking a few things out. You know, I have a few things..."
You want to be really vague in other words when you're first new, just be
very vague. Test out the water. See what the
conversation is but please, please, please don't run around telling everybody you're a
newbie. You don't know what you're doing. You don't know where to start. You're
just looking for help. That is not it, okay?
So, let's talk about what you can do. So, here's what you can do. Like I said ,I've
been there. I have been a new investor, I have made that mistake. Well, I'm telling
you not to go out and tell everybody that you're new, you don't know what
you're doing and all of your things is because I did that. It did not work out
so well for me. And it's just not necessary. So now that I'm more
experienced, I actually have my own Real Estate Investor Association. It's
completely free. You can go look it up on the Meetup. It's the women and wealth
real estate association. Yes, there are men involved. There are plenty of male
members and things like that. But it's completely free. If you can look in
Meetup. M-E-E-T-U-P, it's a platform to find like groups. It's a great place like
I said for you to go as a new investor and start connecting with those
investors. And I invite you to please join the group for free. We have 3
chapters. Orlando, Dallas, Fort Worth, DFW, and Houston. You can join any of those
even if you're not necessarily in the area. We're adding more chapters and we
love helping newer investors in helping them and providing them the resources
that they need so that they can do deals. So that wraps up today's episode, guys.
Like I said, I shared so much and this is I'm getting really excited about the
content and the feedback that I'm getting from you, guys. So, I have another
great opportunity for you. If you look below there's a link to a great
opportunity that I have one of my great friends and mentor. He was an original
shark on the hit TV, Shark Tank. There's a link below. We are helping people with
buying hundreds of properties and people are getting quarterly checks. We're going to
be moving to monthly and I would like to invite you to come to a free live call
live webinar. There's a link below. Click that. Reserve your spot and come to our
calls and get involved with our group. See you next time.