In this episode, Blair and Jeff debate on the benefits and drawbacks of one of the Eighth Circuit's article on a court ruling that says properties that have been foreclosed will no longer have a mortgage on them. They give everyone an update on Project X. They also talk about the importance of making a decision based on numbers and risks in a subject-to deal involving a Ygrene loan, an unsure skinny deal, the only time this business does rent credits, and the period of time needed to own properties before they get cashed out. They cover finding the right virtual assistant for the right price. Finally, the talk turns to how to do business in markets with high value and in other markets, and the right person for this work.
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In this episode we covered:
About Blair:
Blair is the founder and creator of Dealbot, a motivated seller lead generation company. He has managed nearly $2mm in marketing spend and generated over 100,000 motivated seller leads. He also buys and sells houses himself in the Winston-Salem and Charlotte, NC markets. In the past year, he has acquired nearly $3mm in cash flowing rental properties with zero money out of his pocket.
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