Episode #2: Questions New Real Estate Investors Ask w/ Michael Del Prete (Part II)
Manage episode 288019634 series 2879567
I understand, new investors face seemingly endless questions, are you an investor who just starting off? or maybe never done a deal? Then, this podcast is for you! I will help you clear your doubts & start your Real Estate Journey
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ ๐๐จ๐ฏ๐๐ซ:- 57.15 ๐๐๐๐๐๐๐๐ ๐๐๐: When you do a cold call, can you run through what you say, how you introduce yourself?
10:07 ๐๐๐๐๐๐๐๐ ๐๐๐: I'm intimidated by the subject too. Option. Can you walk us through a scenario
16:24 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐: Hey, we put this on market and , we're going to go in and sell it". Is that something that's legal, like where there's nothing that they can really do or say at that point?
- 18:34 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐: What about contracts? What would you say as far as like setting up contracts? With me during my research, there's a purchase agreement ?
20:56 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐: do you ever do an earnest money or do you actually have the buyer put in on the earnest money when you do the transaction through the title company?
25:15 ๐๐๐๐๐๐๐๐ ๐๐๐: Do wholesalers offer houses at 75% off of ARV or better? What ARV is a simple to offer from a wholesaler.
- 28:43 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐: Are you able to do a home inspection when you buy from a wholesaler?
- 29:52 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐: Also have a title company ready to go to help look it up and make sure there aren't liens and things like that. Is that correct?
- 33:11 ๐๐๐๐๐๐๐๐ ๐๐๐๐ We have curiosity. Why are you now in Ohio?
- 38:55 ๐๐๐๐๐๐๐๐ ๐๐๐ Is that freedom soft? Is that for a skip tracing or is that for property information?
- 39:49 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ I want to get the best or the most accurate comps and also be able to do the skip tracing as well. So what are your best resources you usually use for those two? For copying and for tracing.
- 48:18 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ With the marketing, do you suggest cold calling over mailers or mailers over cold calling?
- 50:36 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ But you mentioned you do obviously a lot of wholesaling, but you also are a property owner and multi-family, would you be able to share like a well down of your basic criteria of what you think is a good deal for you at your point in life?
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This podcast is a Live Q&A recording from a real estate investing association. This class is catered to aspiring investors who have closed three or fewer real estate transactions. Michael answers a wide range of questions covering the basics of wholesaling, land lording and fix and flipping, and much more. Michaels purpose of this class is to help new investors find their own investor identity and give them a solid foundation to build on as they grow their real estate businesses.
Listen to the full episode as this episode will help you to find your own investor identity and give them a solid foundation of information and resources to build on as they grow their real estate businesses.
Stay Tuned for Part 2 and learn more...
Enjoy the show!
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Recommended Resources with FREEBIES!
Wholesale Guide: The Cliff Note Version: By Michael Del Prete
Deal Machine: Here's a 14-day free trial!Propstream: Give it a test drive today, with a 7-day free trial!
Batch Skip Tracing: Use the coupon code "AZREIA" at checkout to receive a 43% discount!
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CallCentered: Ask for Scott, let him know Mike sent you.
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