Storage Wins EP420: Cris Chico — The NEW Virtual Wholesaling Model (& How Facebook Ads Can Be Your Secret Weapon)
Cris Chico is a trailblazer when it comes to wholesaling in any market, and he has taught investors from all over the country on how to close deals virtually. He was the first person to introduce the concept of virtual wholesaling and today, he goes into how you can leverage Facebook ads to target different-sized counties to find gems from the comfort of your own home. It's the NEW Virtual Wholesaling.
Key Takeaways:
- Alex and Cris are very close and he has appeared on the podcast at least 5 times now!
- How do you get leads into your pipeline?
- Cris was able to get Facebook ads to work for his niche and it's been very good to him!
- As a wholesaler, do you focus on Local or virtual wholesaling? Chico shares his thoughts.
- Cris is not picking one market, he's selecting a marketing channel to dictate where the leads come, and then work those deals wherever they may be.
- Cris breaks down what a beginning vs. advanced wholesaler should do with Facebook ads.
- Cris recommends staying away from places like California and New York, or at least be prepared to have a larger budget.
- How can you get leads in small towns?
- Cris shares the 3 things you need to know about "National Wholesaling"
- Truth is, Facebook knows everything about you.
- The biggest obstacles Cris has is getting appealing photos of the properties and how to show these properties when you're 1,000 miles away.
- How much money should you spend on ads to get a good lead?
- What should your Facebook page look like?
- You gotta have a nice website! Your reputation depends on it.
- Cris showcases a couple of examples on what sort of images perform well on Facebook.
- Cris talks about how to handle Facebook lead forms.
- Should you continue the conversation with a seller via text or should you call them?
- How do you get your seller to take good photos?
- Cris breaks down how to get buyers when you're working virtually.
- You don't need to find 1,000 wholesalers, agents, and cash buyers. Just find 2-3 good ones within each county.
- Cris lays out how he approaches conversations with wholesalers and partners with them.
- How do you find a local title company?
- Cris answers some live Facebook questions.
Mentioned in This Episode:
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Get Chico's Best Performing Facebook Ads Here
Additional Recommended Resources that Alex & His Team Use: Best SEO built Websites for Real Estate Investors
Big Data For Real Estate Investors, Tailored for You
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.Tweetables:
"Rather than focusing on a small radius or area, expand the area that you market. We're getting more leads and we're operating virtually."
"Everybody should learn how to sell and they should learn online advertising."
"Everyone should have 2-3 wholesales that they can tap into any market."
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