Business
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!