The TRUTH About Real Estate Investing | BIGGEST MYTH BUSTED

What I want everyone to realize is you don’t have to think small. MLS there are still deals right? I was a victim of my own thinking, get out of your way. This is this is everything right? To be dynamic. To be a well rounded real estate investor you have to have multiple opportunity strategies. Bring them in from cold calling direct mail, PPC marketing, bandit signs, MLS text messaging, bring them all in and then you can exit them you can maximize your exit strategy as you have them.

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Yo yo, welcome back to the science of flipping podcast. I am your host, Justin Colby. And I have a big! big! big! announcement, which is we have finally green lit The REI masterclass event happening June 24th and 25th in Scottsdale, Arizona at the W Hotel. That is it. It is official, the contract has been signed at the W we’re good to go. So if you want to be a dynamic, well rounded real estate investor that does not just focus on one thing such as wholesaling, but also wants to know how to rehab flip, buy and hold long term, have an Airbnb portfolio, learn how to raise private money? figuring out what marketing lists are the best to market at? What marketing strategies are the best to use? How to create business, capital? and everything in between, then you wanna be at this event, period, end of story. You want to be at The REI masterclass event, this is not gonna be one of those, you know, 1,000 or 2,000 people events, this is going to be intimate. With just about 100 people in the room, I am not gonna have you know, 60 speakers, we are gonna have a handful of the experts who are in the business doing the business that can teach you exactly what they’re doing. Like I said, we are gonna be having experts talk about how to raise private money more money than you can ever possibly imagine. How do you build an Airbnb portfolio? How do you find properties virtually across the nation that you can buy as rentals? How are you flipping across the country? How am I setting up my PPC campaigns? How do I just get going in everything in between. So if you want to know those intimate details, then make sure you go to thereimasterclass.com thereimasterclass.com. This is about you becoming a dynamic well rounded real estate investor that is not simply a one trick pony. Again, June 24 25th, Scottsdale Arizona at the W Hotel, thereimasterclass.com. By the way, since this is the first week we are able to launch it, I am giving you early bird pricing the pricing when you hear this and watch this on YouTube will no longer be available starting next week, as you watch this or listen to this. As of Sunday at midnight, we will increase our prices. So do this now don’t wait, you will become the dynamic real estate investor that you knew you could be now.

Now that that plug is out of the way let’s get into one of the most compelling strategies that I’ve now bought fully into in my own business. and I’d encourage you to is that this big myth that even I projected out there is that you can’t find deals on the MLS. Well, let me tell you right this second, it is absolutely false. Across the country, you can find deals right on the MLS that you can wholesale. You can fix and flip. You can wholesale by simply throwing a couple extra pieces of paint on the walls, slash carpet on the floors or LVP and you could buy for a long term hold or even Airb&b. I myself was one of those individuals that literally would tell you that this cannot be done. It can’t be done. Well, I firmly have been proven incorrect. A couple of my friends from the Berkeley Brothers, Ryan Zolin and others have let me know Justin, you’re, you’re thinking too small. You are a product of your own thinking you need to try it and so, I downloaded an application privy which if you go to privy tsof the science of flipping that was backwards the science of flipping. If you’re watching this on YouTube, you’d see I did that backwards. So privy privytsof.com. If you’re watching this on YouTube, you’ll see it on the screen. And it will be below in the comments. Go sign up for it is literally $97 a month. It will not break your bank. And what I love about it is it has real MLS access in real markets that you can make offers and comp properties better than any other service out there. Many of you asked, is it gonna replace prop stream and so forth? Well, I still have batch leads, and I still have prop stream and I use those services for certain reasons. But if you want to be an expert, acquisition, real estate investor and you wanna have expert comps, then you need to be in markets that have the MLS period, end of story. Well privy gives you that right so privytsof.com will give you again for $97 a month, or they’ll give you a discount for, you know, $900 for the year, if you wanna sign up for the whole year, they give you the very best comps you can find because they’re directly from actual MLS.

Now even further, what that software will be able to give you and this isn’t just here to I’m not just doing this episode to sell software out, I’m gonna show you why my tune has changed is that literally you can go in and find buyers but not just find buyers, but find the buyers who are buying at a certain percent of ARV, right? So you might find a buyer that buys at 68% of ARV, and in this software, you will then be able to go find a listing on the MLS granted, that is under 67% of ARV. So they’re buying at 68, you can go into the filters, and you can go look at everything under 67% of ARV that is actively listed in the same neighborhood, not miles away in the same neighborhood. And what that does for you is you literally have a built in buyer that you can call on the phone and say, “hey, if I can find you another deal around the same price that you sold this one, that you rehab this one and sold this one, would you be willing to buy it? Are you good with taking assignments”, awesome. Let me see what my team can do. You go contract the property. And then you sell it to your buyer. If you are a wholesaler, your buyers already proven that he or she is buying at 68%. So anything below that is just gravy for you. This, I swear I’ve been talking to all my students about it, because I’m so impressed. I myself am making offers on there. I have two full time people that I brought over from my marketing side my acquisition side to work this alone. If you don’t have it, you need it. If you want to be a well rounded, dynamic real estate investor, and wholesale and rehab flip and buy long term rentals and do creative financing and build out an Airbnb portfolio. If you want to do everything except for just one thing. You want to do it all not just one thing, then you are trying to create as many opportunities in this business as possible.

So making offers on the MLS, by the way, I found three today, three properties today that I will be making offers on it took me 15 minutes, 15 minutes. that that doesn’t happen, right, what a great use of my time to go out and find three properties that I can make offers on today, in 15 minutes. Now I still got to get them accepted. But I also went and found the buyers that are buying in that area at a percentage higher than I’m gonna be acquiring it. And here’s the kicker, I’m gonna be giving the agent list price. I’m not even gonna be asking for a discount. Most of you guys are thinking why is that Justin? How does this make any sense? Well, it’s because the list price, like I mentioned, is under where I know my buyers are gonna buy. So why do I need to ask for a discount. I don’t need home runs on every single deal. I need good deals. If I’m a wholesaler I need to provide my buyers with deals that I know that they will take action on if I’m flipping it, I just need to run the numbers on what’s going to make sense. If I’m keeping it as a rental and again because you have MLS in privy you actually can see the rental comps in the area as well. Then I just need to make sure my buy price is in alignment with what it will rent at after I stabilize the asset. So if you do this and you realize the power of the MLS you no longer need to be in your own market. So for example, I live in Miami but my home market is Phoenix Arizona. They don’t have access in Phoenix, Arizona yet but they have I have access in Oklahoma City, Philadelphia. Many cities in Ohio, they have Minneapolis, they have St. Louis. They have a lot of cities in Florida. They have North Carolina’s South Carolina’s Atlanta, Georgia. Why can’t I just go do this in those markets? You see the hedge funds in the in the eye buyers have made it common practice to be able to do business outside of your own state. Those buyers are there for you as a wholesaler, so why not just get them the property that you know they’ll buy in their buy box? Literally the last two weeks have been mind melting for me, because I was the first to tell you there is no deals on the MLS and I’ve been proven wrong by some of my good friends who are just saying, Justin, stop being stubborn.

If you want to be a deal maker, and you want to be an opportunist, and you want to be dynamic, and not just a one trick pony, I’m telling you for $97 a month you need this go to privytsof.com. And there’s even a promo code you can get and they’ll give you not i i will not but they will give you calls every week. If you use promo code science 2022, science 2022. They will actually give you basically customer service type calls to help you utilize that platform. privytsof.com. The reality is this, I’m putting on an event for over 100 people in the room and as a moment in time, there’s not going to be any virtual right they’re gonna be in the room, you’re gonna be able to shake my hand, you’re gonna shake the speaker’s hand, you’re gonna get hard tactical training on how to become a dynamic real estate investor.

This is going to be one of those subjects you need to know how to use privy for $97 a month to have zero marketing budget zero it’s a no brainer and it made my team go all in as of today we are making offers I have my Acquisition Specialist making an offer today that I just approved because he wanted to make sure we could sell it I myself am going in there I’m going to be making three offers. This is a game changer. What I want everyone to realize is you don’t have to think small MLS there are still deals right? I was a victim of my own thinking. Get out of your way. This is this is everything right? To be dynamic. To be a well rounded real estate investor you have to have multiple opportunity strategies. Bring them in from cold calling direct mail, PPC marketing, bandit signs, MLS text messaging, bring them all in and then you can exit them you can maximize your exit strategy as you have them.

Alright guys, hopefully that helped again privytsof.com, promo code science 2020 If you’re watching on YouTube, it’ll be on the screens. And in the comments below. If you’re not watching on YouTube, get over there youtube.com/justincolby. Subscribe and make sure you’re at the event. Thereimasterclass.com early bird special pricing if you’re listening to this and watching this on YouTube, thereimasterclass.com. Get there, shake my hand learn how to be a dynamic real estate investor. I’ll see you guys there. Peace