How To Wholesale Real Estate Step by Step | RJ Bates III
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 13 December 2023
⏱️ 86 minutes
🧾️ Download transcript
Summary
In this episode, the King Closer, RJ Bates III, takes center stage, showcasing his prowess in closing deals nationwide with just a single phone call.
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Connect with RJ!
YouTube - @RJBatesIII
Instagram - https://www.instagram.com/rjbatesiii/?hl=en
RJ, armed with championship belts from closing competitions, shares insights into his virtual wholesaling journey and the strategies that make him stand out in the industry.
As a virtual wholesaler, RJ achieved an impressive feat of closing 50 deals in 50 states over 50 days, which he documented on YouTube. His approach involves utilizing Investorlift, a tool that empowers him to conduct deals across the nation by providing a comprehensive buyer list.
RJ's method of comping properties involves focusing on sales in the vicinity, particularly in lower-income areas, rather than solely relying on numerical analysis. He emphasizes the importance of understanding where end buyers are making purchases, emphasizing that "it's all about acquisitions."
Reflecting on his journey, RJ recalls starting with MLS in 2014 but expanding his reach to surrounding cities and states, eventually venturing into wholesaling nationwide in 2020.
RJ's entry into real estate followed a stint as a General Manager at Pizza Hut for eight years. Frustrated with being labeled a "glorified shif
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | I just did a 50 day challenge live on YouTube I closed 125 contracts in 50 days we don't |
| 0:05.5 | manufacture deals and fine deals and if you're sitting there and you're trying to |
| 0:09.0 | manufacture that deal then it's probably going to be a mistake. The heart part becomes |
| 0:12.9 | Dispo. How the heck do you manage closing just deals everywhere? You have to get |
| 0:18.1 | good at asking questions to get them to... |
| 0:20.4 | What's up wealth builders today. |
| 0:25.0 | I've got the man known as the king closer. |
| 0:29.0 | This guy wins every single event and he's also told me that he takes credit for actually discovering me as a person before I ever, you know, started doing social media. |
| 0:39.0 | But I actually brought him in because, you know, now in my house living business, we are doing nationwide wholesaling and this guy you know he's one of the best if not the best in the entire country at closing deals nationwide over the phone in one call. I was like, |
| 0:55.0 | bro, you just got to come and let's film a podcast, let's talk about it, but also I just |
| 0:58.2 | selfishly really want you to train my team. And so I got R.J. Bates the third here. |
| 1:03.6 | What's up, man? |
| 1:04.1 | What's up, dude. |
| 1:05.0 | And I'd not taken credit for it, it is an actual fact. |
| 1:09.2 | You came on my podcast and ever since then you've blown up. |
| 1:12.0 | I mean, yeah. My son said you're famous. Did you know that? |
| 1:15.0 | You sent me the video I think. Yeah. Yeah. Well, dude, you know, I take |
| 1:19.0 | You're welcome. Yeah, that's what I accept your gift to me of making me famous. |
| 1:24.5 | I wish I could make myself famous. |
| 1:26.6 | Well, this is your first time on my podcast, |
| 1:29.2 | so maybe I can reciprocate. |
| 1:31.0 | Yes. |
... |
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