Risk Little and Make Lots in Your Real Estate Business!

Make money doing real estate business the proper way. Before
starting, get this clear: every real estate investor shares a
main goal. Make money by minimizing risks. Don’t take risks, save
time and money, follow the script, and you will be golden!


In this episode, Blair and Jeff share insights on an article
about the 10% of FHA and VA loans that are in forbearance and its
effects on the housing business. They tackle business topics like
how to approach a deal that lacks information and how to make a
deal out of a five-unit building in Detroit that needs a lot of
repairs. Learn how to negotiate with sellers when there is a VA
loan involved. Hear how rehabbing works and its disadvantages.


Walkthrough a perfect scenario on how significant cash flow is
made. Find out how to do business with buyers that can’t prove
their income and the importance of already having properties
ready in case lots of buyers turn up. Finally, hear about section
8 and Dodd-Frank.


To listen to the full episode go to MoreDealsLessHustle.com


Mentioned Resources:


Article on 10% FHA and VA loans in forbearance

Docusign

SignNow

HelloSign

PayPal

Zillow

Redfin

com

RonLeGrand

Propstream



In this episode we covered:


00:00:00 – Start-up

00:01:38 – Insights from article on 10% FHA and VA loans in
forbearance and market update

00:03:57 – How to negotiate with a seller who wants a down
payment and has a VA loan involved, finding possible structures
for this deal, the importance of having all the numbers needed
and following the script

00:19:10 – How to do business with a buyer whose income
cannot be proved

00:22:51 – How to handle electronic issues a seller is having
with payment and sending documents

00:25:27 – About a deal with a land contractor
owner-financing the owner of two properties. About the importance
of having all the information needed and minimizing risks and
about disadvantages of rehabbing

00:41:59 – About a deal where the seller is asking for $200k
and wants to do seller financing

00:45:12 – How to explain to somebody what a lease-purchase
is

00:47:32 – The importance of having your properties when
buyer leads come in

00:48:59 – How to handle a growing successful business;
getting people paid, system automated and following up with
sellers

01:02:31 – Cont. 41:59 - A scenario for a potential deal with
a significant cash flow and financing

01:04:45 – How to structure a deal in which a seller is
selling for what she owes and also is asking for money per month
for the next year to be able to move to an apartment

01:12:52 – How to make a deal out of a five-unit building in
Detroit needing a lot of repairs but at a reasonable price, and
about section 8

01:23:09 – How to setup exclusions on Facebook

01:25:54 – About attorneys doing closings in California in
regards to title and escrow

01:29:25 – About Dodd-Frank in regards to seller financing
and lease options

01:31:41 – How to find an RMLO (residential mortgage loan)

01:32:11 – The oldest family homes we would want to deal with

01:33:16 – Steps to take when a buyer can’t be found in the
90-day negotiation before making the first payment to the seller

01:35:08 – 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!