Taking Title on a Property Has a Great Benefit!

Apr 22, 2020

Taking Title on a Property

In this episode, Blair and Jeff talk about what is going on in today’s market and how it affects the business. Important topics include lease purchasing a property and the benefits of taking title on a property instead of lease purchasing it. Learn how to market it, how to find quality buyers in the case of owning it, and lines to use in the case of converting over. Finally, they talk about how you can schedule a video walkthrough, how to deal with red-tagged properties when trying to work out a terms deal, and reverse mortgages in subject-to's.

For the pandemic and economic crisis...

Blair and Jeff have an excellent business model to overcome the next recession. Get your home office ready and start a remote real estate business. As you walk through their episodes, discover incredible strategies to purchase properties for very little money, all the benefits of doing so, and how to sell them for a lot more!

Mentioned Resources:

In this episode we covered:

00:00 – Start-up: market update in pandemic crisis and how it affects real estate business
08:55 – How to deal with a client’s video walkthrough when losing signal
10:21 – Whether purchasing a house on a lease option as a good strategy or not for a house with a small down payment and repairs needed
21:06 – Benefits of taking title on the property mentioned before in 10:21
22:30 – How to market this property in 10:21 that needs a lot of work; wording for the ad
24:21 – Finding quality buyers for when we own a property
29:38 – Signing a contract and then finding a realtor to see what he can sell the property for to confirm assumptions
34:26 – When and how to set the video walkthrough after the appointment meeting is over
39:12 – Dealing with a red-tagged property and a divorce situation when trying to work out a terms deal
44:28 – How to deal with a reverse mortgage in a subject-to
45:40 – Referred to 10:21 – Whether to wraparound when taking title on a property subject-to, the best exit strategy, lines to use when converting over and about negotiating price
17:23 – 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!

The Transactional Real Estate Investor Show with Blair Halver