Virtual Real Estate Business; Virtual Deals
Would you like to make money with a virtual real estate business, from the comfort and safety of your home?
In this episode, Blair and Jeff teach many strategies to make deals, virtual deals, share investing tips, and recommend tools to make deals faster. Hear an update on the stock market, housing market, and how the coronavirus affects the real estate business.
Blair and Jeff tackle topics like how to structure a good deal and the importance of finding out how much the property will rent for. Learn about an undivided ownership interest in a property: what's better, taking deed on the property, or putting a mortgage lien on it? Blair and Jeff tackle questions about upside-down properties, dealing with sellers who are not sure whether they want to sell or not, and doing business with family.
For new real estate investors starting in this business, you'll want their several pipeline scripts and how to use them and when. Wrap-up with possible reasons for VAs quitting and how to hire the qualified ones.
Mentioned Resources:
In this episode we covered:
- 00:00 – Start-up and welcome to the call
- 01:15 – Doing follow-up with sellers that take time to decide whether they want to sell or not
- 05:19 – Update on the stock market and housing market in regards to coronavirus
- 08:09 – Reasons why VAs keep quitting all the time
- 09:56 – Structuring a good deal and finding out how much the property will rent for
- 14:03 – When to go over the closing call script with a possible seller
- 16:09 – When to use a sandwich lease purchase, a subject-to, or an owner financing script when buying a house; going over opening call script
- 17:57 – Undivided ownership interest in a property; taking deed on a property vs. putting a mortgage lien on a property
- 29:23 – Checking whether a property is upside-down
- 33:20 – Update on a deal involving family
- 36:00 – How to determine which closing call script to use
- 38:45 – Tools to hire qualified VAs and about onlinejobs.ph
- 39:41 – Leads that could be given to the VA when doing the cold calling
- 41:34 – Reasons for Craigslist blocking people posting on their site
- 42:46 – What to do before using scripts and what to do after the closing call script
- 44:25 – How to make deals virtually
- 45:35 – About who takes pictures of the house on sale and having a script at hand when doing the closing calls
- 47:19 – Wrap-up
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.
Multimedia:
Thank you for listening!
