Business
Mindset in Real Estate? Mindset: the established set of attitudes held by someone. In this episode, Blair and Jeff discuss the best way to frame your mindset and tackle different ways to do a transactional business. You will learn how to manage a deal when taking title and land trust, how to fill in a contract when taking a property subject-to, and how to charge application fees when finding a lease-purchase tenant. Hear about attorney fees and whether to use attorneys or litigator’s services when doing the signing. Gain insights on how to deal with rural leads, which leave little room for profit, and how to find an allowable offer for an apartment complex. Finally, learn how to handle getting a property key to a buyer when out-of-state. Mentioned Resources: me ZellePay Venmo DocuSign HomeAdvisor Craigslist Ron LeGrand In this episode we covered: 00:00 – Start-up and welcome to the call 00:37 – About a deal taking title and a land trust, and when to sign the contract 03:37 – How to fill in the contract when taking a property for what a seller owes, a subject-to deal 04:21 – How to charge the application fees when finding a lease-purchase tenant 08:17 – About attorneys and litigators when doing the closing signing 11:35 – Person responsible for handing a property key to a buyer when out-of-state 12:56 – About rural leads coming in which leave little room for profit and an allowable offer for an apartment complex 16:20 – Getting into the flow of the real estate business 18:24 – Following up with a check that hasn’t been cashed yet to reinstate a loan 20:35 – About a situation with a red flag in Facebook 21:48 – A good place to get leads for cold calling and the benefits of targeting geographically 24:57 – Continuing with rural leads coming 26:14 – Continuing with an allowable offer for an apartment complex 31:50 – Framing your mindset correctly 36:48 – About attorney fees when dealing with a lease-purchase tenant 48:56 – 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!