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Episode #3: Questions New Real Estate Investors Ask w/ Michael Del Prete (Part II)
Manage episode 289202902 series 2879567
A tartalmat a Michael Del Prete biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Michael Del Prete vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin!
𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫:- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What are some of the biggest challenges to watch out for when investing out of state?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: Did you happen to go out and see the property?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: In wholesaling, It says "as-is", "no inspections" and the buyer pays all fees. How do you make money that way?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: I'm assuming as a wholesaler you're calling all these people, and probably have a dialer. How do you build your "do-not-call list"?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: What skip trace do you like to use?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: How much per call or what's the price run on that skip trace?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍: How much do you still do locally versus out of state?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓: Do you do any relationships with banks and talk about what they have in terms of financial distress instead of stress or deal with the banks directly?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄: While you pull it up, what percentage are you doing? A straight wholesale with no fix and what percentage are you actually fixing and wholesaling?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍: It's easy to identify a property that is vacated for a long time just by doing this a lot. Don't you think it's really hard to see from the visuals, especially when it is six months old?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍: Is there a system that you use or recommend to identify which ones are vacant?
𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄: Do you also look at the crime rate, the schooling district, and all that stuff in wholesaling?
- 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍: Can you show us a sample of your direct mailer that you would send out?
~~~
This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses.
Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses.
Stay Tuned for Part 2 and learn more...
Enjoy the show!
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To get our freebies, head over to our website www.michaeldelprete.com and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations.
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Recommended Resources with FREEBIES!
Wholesale Guide: The Cliff Note Version: By Michael Del Prete
Deal Machine: Here's a 14-day free trial!Propstream: Give it a test drive today, with a 7-day free trial!
Batch Skip Tracing: Use the coupon code "AZREIA" at checkout to receive a 43% discount!
Property Scout Pro: Join Us on Facebook!
CallCentered: Ask for Scott, let him know Mike sent you.
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