Dec 17, 2019
In this episode, Jeff gives an update on their business: finding lots of properties with a good margin, looking for smaller deals with high CAP rates, and long term holds. He talks about how to deal with a mobile home park commercial deal, a limited business model, and a limited opportunity with a high market price. He covers how to set up different business entities, a grandfathered-in house that has no records, and dealing with the holdover tenant in a subject-to deal. Another topic is choosing the best strategy for a deal: lease option with built-in equity versus a cash purchase. He finally talks about the best way to start this business, a strategy he has mentioned before regarding $30,000 homes plus different recommended lenders.
Mentioned Resources:
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.
Multimedia: