Episode #1: Questions New Real Estate Investors Ask w/ Michael Del Prete (Part II)

The Questions New Real Estate Investors Ask

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!

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐖𝐞 𝐂𝐨𝐯𝐞𝐫:

• 01:16 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: I do need help with the plan because I'm trying to balance this new reality. What should I do?

• 07:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: For the inspections period, you use 14 business days, or do you have a number you'd like to use?

• 08:06 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: If it was a true deal, I would just buy it. Fast as possible, with private money?

• 10:37 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 Would you say the offers, those can be verbal over the phone?

• 11:23 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 You have exclusions on your house. Like you don't want anything older than X. As a wholesaler or vice versa?

• 16:15 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 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 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 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 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 Can you stack those like a pre-foreclosure that has a divorce or their occupancy status?

• 28:12 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 Scrubbing list, what was it called again?

• 29:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 What skip tracing does?

• 40: 32 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 Do you think it'll be better just to try and stick with a deal machine within this batch skip tracing?

• 44:37 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 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 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍 What are the books that you recommended?

• 56:50 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑𝐓𝐄𝐄𝐍 What would you normally do with a pre-foreclosure list? How do you wholesale that, was it the same as everything else?

• 58:59 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐅𝐓𝐄𝐄𝐍 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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