COVID-19 and the Impact on Virtual Real Estate Investing

COVID-19 pandemic is impacting the Virtual Real
Estate Investment Industry. That’s a fact. In this episode, you
will learn the best way to price a home for a remote deal where
the comps are all over the place and how to use “junk” as a means
for negotiating.  Also, they go over best practices for when
there is conflicting information regarding a property’s address.


Mentioned Resources:


PropStream

Carrot



In this episode we covered:


00:00 – Start-up and welcome to the call

02:00 – COVID-19 & Virtual REI

06:24 – Website for property listing

07:50 – Cash offers, when volume goes up, ability to close
may go down

09:20 – Should you try to negotiate a better offer in this
market?

15:30 – Getting ghosted by leads due to outside influences

29:00 – Caller provides update on his first Facebook lead

34:25 – When comps for remote deals are all over the place,
what should you do?

37:50 – Get all details about the property and change price
if necessary based on information received

41:45 – How to use “junk” as a means to negotiate with a
seller

48:38 – What to do when there is conflicting address
information while filling out the contract.

50:00 – List of Attorneys in different states (posted in both
Facebook groups) for closing or title companies for each state.



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!