Several Exit Strategies to Make Your Equity, Cash Flow, or Both!

Hear about different exit strategies you can use for just one
deal. More and more opportunities are popping up in this economic
crisis. As transactional engineers, be prepared so you can
recognize which is the exit strategy that creates large equity or
monthly cash flow!


In this episode, learn all about exit strategies; how to exit
deals with the profit, about the importance of transfer
disclosure statements, doing inspections upfront, and how to
recognize a risky deal. Discover how to calculate MAO, when to
list properties with realtors, and the difference between
assigning contracts and double closing. They discuss how to
approach a seller whose country store and two apartment addresses
can’t be found.


Finally, gain skills on employee status versus contractor status
when paying VAs or acquisitionists by the hour. Learn how to find
leads.


Mentioned Resources:


Zillow

Propstream

Rentometer

Mojo



In this episode we covered:


00:00:00 – About a risky cash deal and how to calculate the
MAO

00:03:10 – About employee status versus contractor status
when paying VAs or acquisitionists by the hour

00:04:41 – Market update

00:07:34 – Process in regards to inspections when marketing
for lease-purchase buyers and the importance of transfer
disclosure statements and doing inspection upfront

00:17:35 – About a seller asking $350K for a nice house in
Decatur, Georgia, wanting $50K to move and about listing the
property with a realtor

00:19:55 – How to approach a seller whose country store and
two apartment addresses can’t be found

00:23:17 – Using an amortization schedule for an
owner-financed deal and how to get it reported to the credit
bureau

00:26:35 – How to exit a cash deal in which seller wants $20k
cash for a house in Kentucky that needs a lot of repairs and ARV
is $160 and about assigning contract versus double closing and
seller disclosure

00:39:11 – How to approach a seller whose family is concerned
about staying on the deed with your LLC; about undivided interest
in properties, wills and bank’s rights

00:43:50 – How to approach buyers who have a low monthly
income; concerned as to whether they are going to be able to
afford paying monthly payments

00:47:40 – Best way to find leads

00:50:09 – How to approach a deal involving two houses on one
property

00:54:05 – Four or five solid exit strategies for a deal
involving two houses on one property and best way to find rental
comps

00:59:20 – About a client’s feedback on credit reports

01:01:00 – What is needed to figure out if a deal is decent
or not

01:04:05 – About states reopening after lockdown, commercial
real estate, and businesses for sale

01:06:11 – 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!