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Founders Club - For Real Estate Entrepreneurs


Feb 15, 2019

Technology has made finding off-market properties more straightforward than ever. What used to take weeks of research sifting through public records can now be done in ten minutes or less with the right software! And the beauty is, you can layer the data to generate lists of potential clients who meet very specific criteria—and personalize the associated marketing directly to their particular motivations.

Today, Oliver is joined by Kent Clothier, President and CEO of Real Estate Worldwide, a multifaceted real estate education company. REWW offers its customers the proven systems used by Kent and his team and provides them with national data on cash buyers and private lenders. In all, Kent has bought and sold more than 5,000 houses, and his family’s property management business, Memphis Invest, boasts 5,000 properties under management. He also owns and operates Real Market Experts, 1-800-SELL-NOW FREE, Find Cash Buyers NOW and Find Private Lenders NOW.

On this episode of Founders Club, Kent shares his real estate origin story, discussing how he applied his background in the grocery arbitrage business to the process of wholesaling houses. He explains how he started 1-800-SELL-NOW to gain a competitive advantage in a hot market and eventually turned it into a national brand that supports aspiring entrepreneurs. Kent also addresses how his team came to develop a first-of-its-kind software product that uses datapoints to generate a list of vacant properties in the US and how they continue to layer data to make information more and more valuable. Listen in for Kent’s insight on marketing directly to the motivation of an investor, agent or mortgage broker and learn how you can leverage his strategies to find off-market properties and generate results—as quickly as possible!

Key Takeaways

[2:23] Kent’s real estate origin story

  • Successful grocery arbitrage business
  • Shift to real estate in December 2002
  • Apply similar concept (wholesaling)
  • Flip 90 houses in first year, made $1M
  • Focus on stable markets after crash

[11:00] How Kent got into marketing and education

  • Started 1-800-SELL-NOW for competitive advantage
  • Business in licensing brand to other markets
  • Support aspiring entrepreneurs in first transaction
  • Used public records to build cash buyer database
  • Able to grow business despite market collapse

[16:31] Kent’s innovative approach to real estate

  • Go to buyers and ask what they want
  • Create inventory based on response

[20:44] The origin of Kent’s real estate software

  • Public records for motivated sellers/private lenders
  • Pitched algorithm to identify vacant properties
  • Layer data to make more valuable

[25:53] The marketing piece of Kent’s software

  • Find vacant homes based on criteria
  • Marketing baked in to system
  • Speaks directly to motivation (e.g.: investor, agent)
  • Run campaigns to find buyers AND properties

[29:29] How Kent’s software works for multifamily

  • Select commercial or residential + # of units
  • Use flag to gauge vacancy

[30:51] Kent’s insight on leveraging technology

  • Mail to 1K, only 10 need to raise hand
  • Create outcomes as fast as possible

Connect with Kent

Kent’s Website

Kent on Facebook

Real Estate Worldwide

Connect with Oliver

Big Block Realty

Oliver on Facebook

Oliver on LinkedIn

Resources

Memphis Invest

1-800-SELL-NOW

Find Cash Buyers NOW

Real Market Experts