We received many great questions from our callers on some of their first deals in this episode, which has provided some opportunities to learn. We address when a home warranty is a good idea for a lease term agreement and recommend best practices for getting photos of remote properties. Our experts tell us the one thing you should never do as a Real Estate Investor.
To listen to the full episode go to MoreDealsLessHustle.com
In this episode we covered:
- 00:00 - Start the call & hear from our caller on his first deal which has been a great learning experience due to a few red flags.
- 11:30 - Caller with potential loss of wholesale deal after seller has flaked.
- 13:30 - Our experts help a caller go over the numbers for a deal she is working with the seller.
- 17:30 - How to get photos of property while doing a remote deal?
- 19:20 - How to ask for help from a local real estate agent.
- 20:00 - Should a buyer purchase a home warranty?
- 22:15 - We hear from a caller about his first deal and our experts answer some questions regarding dialogue with buyers about numbers and marketing properties.
- 28:45 - Should this buyer walk away from this deal?
- 32:35 - Caller shares questions about a foreclosure deal.
- 39:45 - One of our caller's signed on a deal, previously extended 3 times.
- 43:10 - Our caller shares his experience with encountering people who might be in shock by the current health and financial crisis.
- 44:45 - What our experts recommend for our caller with a tenant buyer who is filing bankruptcy.
- 1:03:00 - Jeff recommends cash on hand, banks will move to drive thru only due to virus.
- 1:04:00 - One thing a real estate investor should never do
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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