Episode 60: Whitney's Pink I Buy Houses Signs and 19 Houses in TN

The guest I have on today isn’t just a real estate investor. She likes to call herself a real estate matchmaker. Whitney Nicely is making deals in Tennessee that are out of this world. She’s got confidence, enthusiasm, and enough Southern charm to make her real estate investment strategy really shine. She even uses pink ‘I Buy Houses’ signs to attract buyers! But that’s not the only thing she’s got going on. On today’s episode of Real Estate Profit Masters, Whitney Nicely breaks down her leasing option investment strategy and shares her tricks for getting to the top of this business in just three years.

Whitney calls herself a matchmaker because she looks at her leasing options like a marriage. Her real estate investment strategy succeeds because she really builds relationships with the people she works with. She knows that a leasing contract means working together for 3, 5, even 10 years, and the kinder and more honest you are with your clients the more likely they are to continue working with you. These relationships also pay off when you want to renegotiate. Whitney’s trick for making the most for her money is renegotiating with the sellers. She shares the technique she uses with sellers to get her in, out, and done, which gives her more time to really focus on her properties and tenants.

A big thing Whitney and I discuss in today’s episode is control in our business. Right now, Whitney is a one-woman show and she’s really killing it. But being able to let go or walk away from pet projects or menial tasks is a huge part of being an entrepreneur. Part of your real estate investment strategy should be taking yourself out of the equation. You want to free up your time to focus on the things that really matter, and it’s even better if you can work remotely! Whitney has properties throughout Tennessee and Georgia, and she’s looking into Florida now, so tune in and hear how – in the words of Ron LeGrand – you can do less and make more!

MINUTE MARKERS

3:31 - Meet Whitney Nicely!

4:56 - How did Whitney get involved with real estate?

7:22 - Who’s Whitney’s biggest influence?

9:25 - What was her breaking point?

11:30 - Whitney works locally AND virtually

12:30 - Whitney breaks down her lease option investment strategy

14:19 - Does your investment strategy involve crack houses?

15:45 - What is a “good enough deal” for Whitney?

16:40 - Why you need to start renegotiating with your sellers

20:17 - Whitney drops a hard learned lesson

23:52 - How does Whitney screen her tenants?

24:40 - How many applications does she process?

25:38 - Whitney breaks down her sandwich lease options

30:39 - How can you get a stronger conversion on your lease options?

32:12 - Who makes the payments in this strategy?

33:05 - Whitney is a one-woman show

34:17 - Do you want ownership or control of this business?

42:18 - The biggest challenge Whitney’s faced

43:48 - Never take things personally in this business

45:20 - What would Whitney change?

46:47 - Whitney drops another big lesson

48:41 - What’s the most important part of Whitney’s real estate deals?

50:28 - Whitney’s tips for dealing with leasing risks

53:27 - Whitney’s favorite motivational quote

55:18 - Whitney’s favorite book

57:20 - Whitney’s Facebook addiction pays off with leads

58:50 - Use dirty pictures and shock marketing on Facebook to boost your brand

1:00:12 - Does Whitney get 8 hours of sleep?

1:00:34 - Whitney’s morning routine

1:02:40 - Who did Whitney hire as a mentor?

1:03:50 - Advice for letting go of control in this business

1:10:54 - What is Whitney most grateful for?

1:13:10 - Why does she do what does?

1:18:50 - Get in touch with Whitney at whitneynicely.com

QUOTES

I’m more like a real estate matchmaker than anything else, which I think is what a broker is supposed to be. - Whitney

I live in the comfortable in the uncomfortable situation. - Whitney

Links and Resources:

 Whitney’s Facebook

Screen the Tenant

Goyard

The Less I Do, The More I Make by Ron LeGrand

E-Myth Revisited by Michael Gerber

Miracle in the Mountains by Harnett Thomas Kane

Jack Bosch

Ron LeGrand

Joe McCall

John Iannotti

Eben Pagan

Russell Brunson

Martha Berry

Ask Cory A Question

Want to get in touch with Cory and ask him your most burning Real Estate Investing question?  We’ve made it super easy for you.  Just head over to our Ask Cory A Question page and start recording.  Cory will play your question live on an upcoming show and answer it personally.

Did You Get Your FREE Investing Guide?

TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Who Do You Want To Hear From?

Name some folks I should get on the show! Hit me up:[e-mail] and I’ll do my best to get them on.

Connect Here

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

 

And don’t forget to get involved with the REIP coaching program at coryscoaching.com or realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!