You DO NOT Want to Bury Cash in Real Estate!

Feb 18, 2020

Are you interested in owning cash-flowing rental properties? Join this real estate show and hear what investors Blair and Jeff have to say. Walkthrough their investing journey and learn how to deal with tons of buyer leads coming in, and recognizing the unqualified ones, and how to approach a seller in the best way possible.

There are many ways to handle real estate deals. Come discover the methods investors use to close the contract. Learn how to take a property under contract as cheaply as possible and then wholesale, why free-and-clear properties are a gold mine, and how to deal with a seller in pre-foreclosure. The investors discuss a deal buying on terms, taking over the payments, and listing with a realtor.

Finally, Blair and Jeff talk about how to make a business out of rooms-to-rent and finding suitable asset protection.

Mentioned Resources:

• Craigslist
• PatLive
• Zillow
• Bronchick

In this episode we covered:

• 00:00:38 – Start-up and welcome to the call
• 00:01:33 – Blair and Jeff’s business up-date and projects going on
• 00:03:12 – Taking a property under contract as cheaply as possible and then wholesaling
• 00:10:45 – A great cash flow property; an opportunity to negotiate low monthly payments and have a big spread
• 00:23:29 – A potential deal on a free-and-clear property: either getting in all the way or spilt-funded and getting in as light as possible
• 00:31:37 – Dealing with a seller in pre-foreclosure; buying on terms, taking over payments, and listing with a realtor
• 00:39:55 – Finding a good way to approach a seller
• 00:47:23 – Taking rooms-to-rent to another level; buying a free house on terms and changing the exit to rooms-for-rent
•  00:56:00 – Time for a 90-day challenge?
• 00:58:06 – Dealing with a buyer who can only put less than 10% down while waiting for credit score and about down payment assistance
• 01:13:15 – How to avoid a buyer campaign generating unqualified leads
• 01:16:11 – How to deal with people going to see the house you don’t own yet using the lockbox code
• 01:17:42 – How to deal with lots of leads coming in and pre-screening
• 01:25:19 – About asset protection for rooms-to-rent
• 01:27:26 – 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:

• Youtube
• Apple Podcasts
• Google Play
• Facebook

Thank you for listening!