{"id":3530,"date":"2023-04-04T01:38:49","date_gmt":"2023-04-04T01:38:49","guid":{"rendered":"https:\/\/investorthrive.com\/?p=3530"},"modified":"2023-04-04T01:38:56","modified_gmt":"2023-04-04T01:38:56","slug":"how-to-use-privy-to-find-real-estate-deals","status":"publish","type":"post","link":"https:\/\/investorthrive.com\/how-to-use-privy-to-find-real-estate-deals\/","title":{"rendered":"How to use Privy to find real estate deals"},"content":{"rendered":"<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"How to use Privy to find real estate deals\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/wS82s9w9fxk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\">In this video, we&#8217;re going to show you how to use Privy to find real estate deals. We&#8217;ll also talk about how to work backwards\/reverse wholesaling or what we call Payneless Wholesaling where we find buyers first, find out what people are buying and then we find deals. Check this video to know more.<\/figcaption><\/figure><p>So today we&#8217;re gonna we&#8217;re gonna go over our privy how to use privy, we&#8217;re going to look for privy to find buyers. If you guys are struggling right now you don&#8217;t know what actions to take what to do follow us on our live. That&#8217;s literally what we&#8217;re doing. We&#8217;re showing you exactly how to use privy, we call it working backwards. It&#8217;s called Payneless Wholesaling, where you instead of going to find a deal, just find deals nonstop, you find the buyer first find out where people are buying. And that&#8217;s exactly what previous built to do previous built to show you where the investor activity is. And then you find deals right.<\/p><p>Let&#8217;s see, I want to show people really quick how you can use privy to find find deals. So what you do, depending on whatever area you&#8217;re in, you just go and you filter, whatever you want, whatever you&#8217;re looking for you go actives single family, you can actually put in a zip code or address and it will search it or you can just zone in on where you want. You go fix and flip, you got poptop, tear down whatever, and you just put a specific percent of ARV, and then you can filter for whatever you&#8217;re looking for. And you run your search. Now right here, this is going to pull up properties that meet the criteria. So if you&#8217;re like, Okay, look how crappy this house is, right? You can you see this and you can go and make an offer on it right, you can go down here and it will show you comps of what the believes that the house is worth. If it has enough data. Another thing you can do is look at before and after. So what happened is these people bought in 2022, what they did is all they did was cut down the tree and mow the lawn. And they&#8217;re trying to sell it that&#8217;s pretty interesting for what they did. So we can make an offer on this property if we wanted to. There&#8217;s other opportunities that you can make offers on so that&#8217;s kind of how you do it, you just look for opportunities in areas that you have buyers for right. And what I can do if if I want to find buyers is this one kind of crept in somehow I don&#8217;t know why crept in as a fix and flip when it&#8217;s been repaired. Maybe because it&#8217;s I think what privy does is it takes and sees if it&#8217;s lower than the area like so maybe they&#8217;re just selling this at a good price still, but what you can do is you can call the agent that represents the property that&#8217;s listed and you can ask them for buyers. So that&#8217;s that&#8217;s how I find buyers on previous I would call agents or you can call the owner right but I like working throughout with through agents because agents are here you have the owner, but sometimes it&#8217;s difficult to get a hold of the owner. So I just look at call the agent. So let&#8217;s call this agent really quick. And let&#8217;s see if they&#8217;re buying in the towns that I have that have a property and let&#8217;s see if they&#8217;re buying if their buyers currently, like still active. So let&#8217;s see, I think certain privy accounts, if you&#8217;re an agent, they give you the contact info, but I&#8217;m not an agent, so I think I just search it. So let&#8217;s go Jessica, this is her, I think 678 Let&#8217;s give her car<\/p><p>Hey, you&#8217;ve reached Jessica Till&#8217;s the<\/p><p>I was called twice just in case come on Jessica. Step Up weird that it went straight to voicemail but this time it rang.<\/p><p>She has do not have to stare is that right? Yeah, the way Do Not Disturb works is first time someone calls it push pushes everything straight to voicemail but if you call like like within like it&#8217;s like two or three seconds like if you if it&#8217;s the same number and it immediately calls right again, it&#8217;ll it&#8217;ll go through gotcha<\/p><p>leave a message and I will call you back as soon as possible. Thanks so much. Bye.<\/p><p>Hey Jessica, how you doing this is Nathan I saw your listing in Marietta Georgia and I was calling you because it looks like you represent flippers in the area. So I&#8217;m a wholesaler I have a property under contract that&#8217;s like right next to yours in the same area and I was wondering if you know any agents or not agents I&#8217;m sorry any cash buyers that are buying in the area because I&#8217;d love to work with you I&#8217;m willing to pay a commission your commission out of what I make for wholesaling it but if you work well says please call me I come across a lot of deals please let me know. I&#8217;d like to work with you if we can thank you but some like that simple right? You can also look at other other properties right that might be fixing flip opportunities and call agents that&#8217;s what I do I like to call agents that represent flips because that lets me know if they are you know they work with flippers right and it&#8217;s pretty simple. I don&#8217;t know if that one got flipped it looks like a newer build looks dope so dope house let&#8217;s see if it got flipped down here usually says below and before and after. If they got flipped. Maybe that&#8217;s just a new build. But anyway, guys, some cool houses around here. Look at this house before they flipped it did BREAKING just in the weeds so we found I showed you guys how to find deals Oh my website my website okay my website is investor Thrive calm investor thrive.com And if you scroll down past this part where if you want to get on a call with me it&#8217;s here&#8217;s your noob starter pack so it gets it gives you everything you need Nathan Valley your methods leaving a voicemail vague in comparison to Nathan Payne.<\/p><p>Yeah, so we like two different methods. So guys, that&#8217;s another thing is you like you can have different styles. So I was just talking about this today, Nathan were so personally for me, I like when I leave voicemails. I like to leave them vague, like just be like, Oh, hey, Rob, it&#8217;s Nathan. Give me a call back when you get a chance. Thanks. Bye. And I do that because I like to leave it a bit vague to where you know, like friendly tone energetic, they&#8217;re like, Okay, this dude&#8217;s talking to me. Like, like, he&#8217;s a buddy of mine. Like, I know him. But they&#8217;re like, I don&#8217;t think I know him. But I don&#8217;t like letting them know what I&#8217;m calling about to keep that curiosity there so that they they reach back out there differently. Guys, you know, it&#8217;s a crazy thing. We both do deals.<\/p><p>Yeah. I think it&#8217;s a great strategy. Nate, like, the reason why I I&#8217;m not vague. When I&#8217;m talking to agents like this, I just don&#8217;t want to waste my time with someone that doesn&#8217;t work with wholesalers, if she&#8217;s immediately like, I told her, Hey, I&#8217;m willing to pay you, I&#8217;m willing to do this. And this and this, I have a deal. I just need buyers. But I wholesale. If she doesn&#8217;t call me back, then it&#8217;s not worth my time. Right? Really, because I&#8217;m making too much calls. And I&#8217;m doing too much to like, waste my time. So here&#8217;s I get it. But you know, just different different strategies, right? <\/p><p>Yeah. And people have different experiences, like, you know, for me, you know, same thing with like, sales, you know, guys, trust me, there&#8217;s no shortage of people with different scripts, and this and that. And my personal experience, what I&#8217;ve found is a lot of the stuff from all of them is great, you know, there&#8217;s pieces of all of it that works, but you don&#8217;t really know what works for you until you test it out. You know, so same thing with a voicemail, you know, it&#8217;s it&#8217;s Test, test out yourself, you know, start with whichever kind of method you kind of liked better and see what works well for you, you know, and then tweak it or try something else and see, see what works better.<\/p><p>100% A lot of people Nathan are asking, like how to determine values. They&#8217;re like, hey, how do I know what to offer? So I use privy, but I also use this calculator that I&#8217;ve been showing everybody that all you do is you type in that. So this guy just asked, if I have a million dollar property? Do I go in there and offer 700,000? The problem with the 70% rule is it&#8217;s not always that cut and dry. You have hard money costs, you have commissions from agents you have your whole time like is it going to be a three month flippers are going to be an eight month flip and all the changes how much money you pay in costs are your flipper does, then you have your rehab. Is it a giant rehab? Is it a small Is it a giant house is a small house, that&#8217;s why you need to be able to run your numbers and the flipper needs to make 15 to 20% of the ARV for them to be interested in the deal, they won&#8217;t do a deal if they make less than 10% because it&#8217;s not worth their risk. So if this specific deal was a million dollar home that needed $88,000 and repairs, and you got it for 700,000, the flipper would not be making enough money according to these numbers. Because look, that&#8217;s $1,000,000.10 percent of a million would be 100,000. So he&#8217;s not making enough money. A flipper wouldn&#8217;t do this deal if it required all that, right. So what you got to do is you got to get it low enough where it makes sense. So flipper would definitely do that deal. He&#8217;d be like, yeah, freakin all day, I&#8217;ll do that deal. So you just have to walk backwards and say, okay, he wants to make 15%. So he wants to make at least 150,000 on a flip that he&#8217;s, that&#8217;s worth a million, right? Then you would go and say, All right, so six 600 That would be 650 would be what a flipper would probably take this probably not 656 10. Okay, around there, a flipper would probably take this deal around 610. But then you make no wholesale fee. So you got to you got to say, Okay, how much can I make? If I give? He makes his 15%? Okay, that would work right? If I got this deal at 610. I could wholesale to some for 620 They&#8217;d put at 1000 in on an eight month rehab. Everyone&#8217;s leaving happy everyone makes money. So there you go.<\/p><p>And if I can just add one quick thing to that guys. The most important thing though, on how to know what to offer is by knowing what your buyers That&#8217;s right, bam, it always starts with the buyers guys at all. That&#8217;s why we push so hard about start with the end in mind. You know, start with those relationships with your buyers because you have no clue it doesn&#8217;t doesn&#8217;t matter if it&#8217;s if you get the property for 40% of ARV if your buyer says oh yeah man, I&#8217;m actually only looking to buy it for 30% Then it&#8217;s like you don&#8217;t have a deal. Like you don&#8217;t get paid. You only are able to offer what your buyer is willing to pay. No You know what they pay by talking to you.<br>So if a lot of you are new, and you don&#8217;t have buyer relationships, that&#8217;s exactly what you need to go do. Go find some buyers, talk to him, network with them, learn from them. And that&#8217;s exactly what we tell people. That&#8217;s what we&#8217;re doing our challenge. So if you haven&#8217;t watched us and how we talk to buyers join, because that&#8217;s exactly where if you were coming to me and say, Nate, what would I do first? Talk to buyers. That&#8217;s what you do. Everybody this has been a great call. Next week we&#8217;ll dive more into how to find deals cuz you said It&#8217;s 30 Day Challenge. We&#8217;re definitely using privy as we go through this to find deals I just showed you. There&#8217;s about three or four I should be making offers on right now. So peace out<\/p><p>So if a lot of you are new, and you don&#8217;t have buyer relationships, that&#8217;s exactly what you need to go do. Go find some buyers, talk to him, network with them, learn from them. And that&#8217;s exactly what we tell people. That&#8217;s what we&#8217;re doing our challenge. So if you haven&#8217;t watched us and how we talk to buyers join, because that&#8217;s exactly where if you were coming to me and say, Nate, what would I do first? Talk to buyers. That&#8217;s what you do. Everybody this has been a great call. Next week we&#8217;ll dive more into how to find deals cuz you said It&#8217;s 30 Day Challenge. We&#8217;re definitely using privy as we go through this to find deals I just showed you. There&#8217;s about three or four I should be making offers on right now. So peace out<\/p>","protected":false},"excerpt":{"rendered":"<p>So today we&#8217;re gonna we&#8217;re gonna go over our privy how to use privy, we&#8217;re going to look for privy to find buyers. If you guys are struggling right now you don&#8217;t know what actions to take what to do follow us on our live. That&#8217;s literally what we&#8217;re doing. We&#8217;re showing you exactly how [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-3530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":{"url":""},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/investorthrive.com\/wp-content\/uploads\/2023\/04\/mqdefault-2.webp","_links":{"self":[{"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/posts\/3530"}],"collection":[{"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/comments?post=3530"}],"version-history":[{"count":0,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/posts\/3530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/media\/3531"}],"wp:attachment":[{"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/media?parent=3530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/categories?post=3530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investorthrive.com\/wp-json\/wp\/v2\/tags?post=3530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}