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Episode #1: Questions New Real Estate Investors Ask w/ Michael Del Prete (Part II)
Manage episode 286935483 series 2879567
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Are you an investor who just starting off? Or maybe never done a deal? Now that you have arrived, your real estate investing journey can now begin!
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ ๐๐จ๐ฏ๐๐ซ:- 01:16 ๐๐๐๐๐๐๐๐ ๐๐๐: I do need help with the plan because I'm trying to balance this new reality. What should I do?
07:17 ๐๐๐๐๐๐๐๐ ๐๐๐: For the inspections period, you use 14 business days, or do you have a number you'd like to use?
08:06 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐: If it was a true deal, I would just buy it. Fast as possible, with private money?
- 10:37 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ Would you say the offers, those can be verbal over the phone?
11:23 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ You have exclusions on your house. Like you don't want anything older than X. As a wholesaler or vice versa?
16:15 ๐๐๐๐๐๐๐๐ ๐๐๐ If you find a deal but you can't find any investors to invest, but you've got enough money for like 20% down to get it, give a loan. Are you stuck getting a loan or cancel the deal?
- 16:29 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ Do you continue with the property and by the outright, when you have 20% down and you get like a loan, or do you cancel the contract?
- 25:03 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ Can you stack those like a pre-foreclosure that has a divorce or their occupancy status?
28:12 ๐๐๐๐๐๐๐๐ ๐๐๐๐ Scrubbing list, what was it called again?
29:36 ๐๐๐๐๐๐๐๐ ๐๐๐ What skip tracing does?
- 40: 32 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ Do you think it'll be better just to try and stick with a deal machine within this batch skip tracing?
44:37 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ If you don't have access to the MLS and you're trying not to Work with somebody that's working with an agent already and find some expired do you have a way to go check that out?
- 54:07 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ What are the books that you recommended?
56:50 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐ What would you normally do with a pre-foreclosure list? How do you wholesale that, was it the same as everything else?
- 58:59 ๐๐๐๐๐๐๐๐ ๐ ๐๐ ๐๐๐๐ If someone's in the whole process when it goes to foreclosure, at what point can you still potentially buy someone's property before it goes to the sale?
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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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If you love listening to this podcast, please leave a review in Apple Podcasts. Tune in for the next episode. Subscribe to our podcast on iTunes and follow us on our social media pages.
To get our freebies, head over to our website www.michaeldelprete.com and join the Community for a chance to get ahead of the pack. Be the first to get all the latest real estate investing, tricks, videos, and free training invitations.
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Connect with Michael at:
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!
Property Scout Pro: Join Us on Facebook!
CallCentered: Ask for Scott, let him know Mike sent you.
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