The Most Valuable Thing You Can Do for Your Real Estate Business in 2025

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Speaker 10 What is up, Science of Flipping family?

Speaker 10 It is your boy, Justin Colby, and I'm super fired up for this episode because I'm going to talk about what the most valuable thing you can be doing going into 2025 is for your real estate business.

Speaker 10 Now, if you're an experienced real estate investor, you need to listen to this entire episode. You're going to completely understand what I'm saying.

Speaker 10 And you'll be able to make real-time pivots right now today. If you're a brand newbie, maybe you're an aspiring real estate investor, maybe you've never done a deal, maybe you have a W-2.

Speaker 10 This is the creme de la creme. This is going to be the most important part of you making decisions moving forward and figuring out how you can go get your very first deal.

Speaker 10 All right. So now I know you're thinking, what the hell are you talking about, Justin? What is the most valuable asset going forward for 2025? And it's plain and simple.
It is data.

Speaker 10 Data by far, hand down, in today's world with technology and AI is the most valuable asset and most valuable concept I want you guys to wrap your heads around.

Speaker 10 This will absolutely change how you approach real estate and business going into 2025.

Speaker 10 Now, I know here I have people on both sides of the aisle, meaning some are brand newbies, never had a deal, and then some are some seasoned veterans.

Speaker 10 You've done deals, you have a business, you're making some money. Both

Speaker 10 it is true for both of you need to be focusing on your data. Now let's talk about that.
Now, data in a general sense would simply say like downloading a list, skip tracing the list and calling that.

Speaker 10 That would be data. But I want to go way deeper for you.
Now, I've been enriching data. for the better part of 12 months since technology and AI is really caught up.

Speaker 10 I've been really leveraging this technology and AI. And over 12 months, we've been enriching all data that comes into us.
Now, as a real estate investor, how would someone come into us?

Speaker 10 Well, I use TV ads for one, I do PPC for another, and I do direct mail. So when those individuals come into us, then I immediately enrich the data to understand who I'm talking to.

Speaker 10 Now, let me take a step back because I need you to understand what I mean by enriching my data.

Speaker 10 I get way deeper personal information than just a cell phone, but I do get a cell phone and I get a home phone. And by the way, getting the right data is most important.

Speaker 10 Just using some skip tracer to go get eight phone numbers that you don't really know which one is which without any type of guarantee of what is an active cell phone versus what isn't, that's not good data.

Speaker 10 And by the way, I'll tell you guys now, stay tuned for part two of this. This episode is going to talk to you about the power of getting good data and enriched data.

Speaker 10 In part two, I'll be actually telling you exactly the softwares, tools, companies, and technologies I use to do this in my real estate business. So make sure you also listen and watch number two.

Speaker 10 Now, that being said, so if I have people coming into my world through an opt-in on my TV commercial, through an opt-in on my PPC, through calling me or opting in on my website through direct mail, I immediately get things like their credit score.

Speaker 10 I get things like their mortgage balances. I get things like their income.
I get things, you know, do they have multiple properties?

Speaker 10 I get such enriched data that I immediately understand what is of higher value for my business and what is not.

Speaker 10 Right. If I get a lead that comes into my website through direct mail essay and I get the income score for that person, we'll have a range usually, let's say it's $150,000 to $200,000,

Speaker 10 probably not an incredibly high motivation financially to sell their home. So do I put this at the top of my list of leads that are extremely motivated, extremely hot or not?

Speaker 10 Now, another opt-in might come in from my website from direct mail or maybe my TV commercials.

Speaker 10 They might have a income score that is less than 50 grand.

Speaker 10 Do I feel like that person might be in a financial position that they might be needing to sell their home? The answer is yes.

Speaker 10 And so what this has really done for our team is we remove a lot of the guesswork. We remove a lot of the actual brute effort that my team personally as humans have to go do.

Speaker 10 And we can rely a lot more on technology and AI. So for example, the individual who comes in with a high income.

Speaker 10 Do I need someone to call them right away or do I need my AI bot to maybe start communicating with them about their level of interest in selling?

Speaker 10 Well, the answer is I would rather my AI bot start communicating with them and start sending out some emails through automation to engage with that person out of the gate.

Speaker 10 At the very same day, I have someone who has an income score less than 50,000 a year. Do I want the bot to work that person or do I want a person to give them a call?

Speaker 10 Well, the answer is I want a person to give them a call. Now,

Speaker 10 it seems easy. It seems like that's the obvious, but what you need to start to do is create the efficiencies in this.
Now, I want to go a couple layers into this. So, you got to stick with me.

Speaker 10 If this is foreign to you, stick with me. You'll understand it.

Speaker 10 Now, I also can pull a list of data from REI Lead Machine. REI LeadMachine.com is where I pull all of my lists from

Speaker 10 high AI data to absentee owner data to divorce to probate to you name it, right? I pull all of it from REI Lead Machine. Now, I can take that list.

Speaker 10 At most people, you just go skip trace it and you either cold call it yourself or you give it to a VA or you give it to a cold calling company.

Speaker 10 Well, the reality is that's the old school way of doing it. You're not focusing on the data because there is technology, there is software.
You can take that same list and enrich that list.

Speaker 10 You enrich the list so that you can actually have the data that I'm talking about, like credit score, like income, and so many other data sets, right? Credit availability,

Speaker 10 whether current on paying bills. I mean, honestly, guys, to some extent, I'll tell you right now, what is out there that is legal to get, it is scary how much information we can get on people.

Speaker 10 But if you're going to pull a list anyways, why wouldn't you actually know who you're calling? Or even better, be efficient with how you communicate with them, right?

Speaker 10 I get a lot of deals through realtors. I get a lot of deals through wholesalers.
Now they are bringing me the seller. I don't have any real communication with the seller themselves.

Speaker 10 But when I get deals that are directly to the seller, I would rather communicate with people who have high levels of motivation to sell rather than doe.

Speaker 11 Now, obviously, if someone is behind on AI agents are everywhere, automating tasks and making decisions at machine speed. But agents make mistakes.

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Speaker 9 Here for the lows early Black Friday deals? You're right on time for some of our biggest savings.

Speaker 9 We're talking up to 50% off select major appliances, plus up to an extra 25% off when you bundle select major appliances. Holiday lights going up soon? Select ladders are up to 50% off right now.

Speaker 9 Get Black Friday prices without the Black Friday crowds. Lowe's, we help.
You save. Valent through 1119.
Selection varies by location. Select locations only.
While supplies last.

Speaker 9 See Lowe's.com for more details.

Speaker 10 They're mortgage payments, or maybe they owe back taxes. That's great.

Speaker 10 But why wouldn't I also enrich a lot of that data to really have an educated conversation with them about how much value I can provide them and where?

Speaker 10 And a lot of that data will come back when you feed that data into the technology. Now, I want to take another step and I want to change the frame for you guys.

Speaker 10 This is in the real estate space. Let's just talk about business in general.
I run a very high volume coaching business.

Speaker 10 Well, I want to bring the best of the best people into my world so I can actually move their needle, so I can get them their first deal or I can help them grow and scale their business.

Speaker 10 So doesn't it make sense to be able to enrich the data of a potential customer? And the answer is obviously yes. So this doesn't just pertain to real estate.
It pertains to business as a whole.

Speaker 10 This technology is out there. The AI is out there.
The communication and systemization of that communication is out there.

Speaker 10 Now, you're listening to someone who's been in this business for about 18 years.

Speaker 10 And I've built a really big business and I've scaled down the business and grew a medium business and scaled down the business. And I'm of the belief bigger is not better.

Speaker 10 Efficiency is senior to bigger, right? Meaning, I don't need more people. I need efficiencies in this type of stuff, operational, right? Efficiencies.

Speaker 10 And so some of this operational efficiency comes in who are we working? Where are we spending our time?

Speaker 10 Are we looking at the data set of what deals are actually getting done and then cross like pinging them is what I'll say. I ping through what are the different layers that are all similar or the same.

Speaker 10 So we did these five deals.

Speaker 10 What are the commonalities in all five deals from the data sets that we can start to target more? And that helps us make further decisions. So right now, the other component of this is

Speaker 10 when I want to pull the trigger on do I want to spend more marketing and in what channel do I want to spend any marketing, right?

Speaker 10 Or do I want to do a little more grassroots given what the data set is giving to us? We now are in a place of societal technological AI,

Speaker 10 like heavyweight stuff.

Speaker 10 And unfortunately, what's scary is people are getting weeded out of this scenario because I don't need as many people in my own business. I just don't.

Speaker 10 Because a lot of this can be systemized and strategized in a way that

Speaker 10 I can use the technology to get 90 yards down the field. And then all I need is a closer, someone who knows how to analyze the deal and actually make the offer and get that actual deal.

Speaker 10 I don't need a setter. I don't need a

Speaker 10 junior closer or any of these other scalable sides. I literally just need the right data and then I can transform that into a deal.

Speaker 10 Because more data doesn't necessarily mean you're going to get more deals. I hear this all the time, especially from more seasoned veterans, right? I need more leads.
I need more leads.

Speaker 10 I got to do more PPC and PPL and commercials and direct money. I need more.
That's not always true. You need refinement.
You need to be efficient on the data you're getting.

Speaker 10 So if you're out there and you're an experienced investor, if you've been around, if you've done deals, if you got something moving, the thing you need to prioritize going into 2025 is data.

Speaker 10 If you focus your time, energy, and attention on creating efficiencies with the data you are given from your marketing and the data that you are pulling, right?

Speaker 10 You'll actually not need as much lead volume to do more deals.

Speaker 10 And if that is going to be your focus going in 2025, you're going to actually win. There's four or five different softwares and tools that I use to do all this stuff.

Speaker 10 And none of it is exorbitantly expensive. But if you are

Speaker 10 a seasoned veteran and you do have

Speaker 10 a business running, then you need to be using these two. And this this is what we're going to go over here on part two.
If you're a newbie, these tools aren't very expensive.

Speaker 10 And really, for most of you newbies, you're thinking, Justin, getting started is the hardest part. I'm hard to get, you know, I haven't made any offers this month or this year.

Speaker 10 Well, if you start to focus on the right people, who are the right people,

Speaker 10 it starts to make everything else easier because you can actually target the people that will actually sell you the deal versus the people who just want top dollar.

Speaker 10 The biggest problem in our space, period, as real estate investors, as a moment in time, is not interest rates. It is the sellers who do not want to waiver on their top dollar price.

Speaker 10 That is our hardest challenge. And yes, you can take every sales program ever invented and that will get you somewhere.
But what will really move your needle as a newbie and an experienced

Speaker 10 investor is targeting the actual right people that might not even be motivated anymore. They might just be over the home.
They might just not even care anymore, right?

Speaker 10 And so, if you are targeting the highest of high motivations that has such enriched data points in AI technology pulling those points over 40 years of real estate transactions and, you know, pinging the commonalities there, and then you give that person a call or you knock their door or you send them a piece of mail, the likelihood of you getting that deal

Speaker 10 goes way up,

Speaker 10 goes way up, shoots through the roof, really.

Speaker 10 Rather than just pulling some random list, giving it to a cold call company and spraying and praying is what I like to say, right?

Speaker 10 You're just using machine gun and throwing it around everywhere versus using a rifle. In today's world, the technology is so great and the AI is so great that if you are not being a

Speaker 10 sniper of sorts,

Speaker 10 You're not going to really be as efficient as you need to be in 2025. You might do okay,

Speaker 10 but if you want to win at a much larger level, then your most valuable time, energy, and effort needs to be focused on data, data enrichment and understanding the data you're pulling from the list, because you can easily just pull a list, upload it into some of this software, and it will enrich the data immediately.

Speaker 10 And then, by the way, it spits that data right back into my CRM.

Speaker 10 Right? It spits it right back into my CRM. And then in my CRM, I have a bot that starts a communication relative to the scores that the data gave that homeowner.

Speaker 10 So depending upon whether it's a zero to,

Speaker 10 you know, 20, 20 to 50, 50 to 100, depending upon these scores, and really it goes up to 1,000, then it changes how we communicate.

Speaker 10 Like I said earlier, is it the AI bot that's going to communicate or is it a person? And all that changes based around how the data gets fed into the CRM.

Speaker 10 And then we have the system of what and how it should be communicated with. Guys, I will say it again.

Speaker 10 The most valuable asset, the most valuable time spent, the most valuable thing you can be doing going into 2025, what will make you win in 2025, is understanding data, data enrichment, and putting together a process to be efficient around that data.

Speaker 10 Now, stay tuned for part two of this. I'm actually going to review with you what softwares am I using?

Speaker 10 What tools am I using, what technologies am I using, what is the actual system that when it goes pumps into my CRM, what is actually happening. So part two of this will be a follow-up.

Speaker 10 So you guys don't have to wonder what are all these different things. I'm just going to tell you the ones I use, how I use it, and why it creates efficiencies in my business.

Speaker 10 So I cannot worry about as volume play.

Speaker 10 I can worry about, well, worry is not the right word, but I can focus on being efficient. And when you're efficient,

Speaker 10 your profit margins go up. And I know for all my veterans, that's the most important thing.
I don't care who's doing the most deals. How well, let me see your PL.
What's your bottom line, right?

Speaker 10 So, I appreciate you guys. Again, happy holidays.
I'm excited to give you part two of this coming out next week. If you like this episode and this is helpful, share it with two of your friends.

Speaker 10 I'd greatly appreciate it. And also, if you are not yet watching it on YouTube, you might want to start.
There's going to be a lot more graphics coming. Go subscribe on YouTube.

Speaker 10 I'll see you guys on the next episode. Peace.

Speaker 3 Reserve. JP Morgan Chase Bank.

Speaker 2 An A member FDIC. Deposits held in non-U.S.
branches are not FDIC insured.

Speaker 4 Non-deposit products are not FDIC insured.

Speaker 5 This is not a legal commitment for credit or services. Availability varies.

Speaker 7 Eligibility determined by by JPMorgan Chase.

Speaker 6 Visit jpmorgan.com slash payments disclosure for details.

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