Episode #12: Questions New Real Estate Investors Ask w/ Michael Del Prete
Manage episode 298040809 series 2879567
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:- 01:09 ๐๐๐๐๐๐๐๐ ๐๐๐: With the market being this warm, have you wholesale anything to a cash buyer near or at the Zestimate price?
02:34 ๐๐๐๐๐๐๐๐ ๐๐๐: Will you elaborate Opendoor and OfferPad?
03:13 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐: What type of loans or financing are you using to invest out of state?
- 04:12 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ Do you think I can turn that nine in an hour and a half in one year?
04:35 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ What are your thoughts on purchasing a property with a portion of 1031 funds and using the other portion to update the property with the use of an accommodator before taking possession using the 180 day time period?
06:27 ๐๐๐๐๐๐๐๐ ๐๐๐ What are 1031 funds?
07:56 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ What do you think about buying property in Michigan?
- 09:29 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐ How do you go about doing market research for out-of-state rent? For example, how did you land in Ohio?
11:17 ๐๐๐๐๐๐๐๐ ๐๐๐๐ How would you analyze a good deal as a potential investment property?
12:59 ๐๐๐๐๐๐๐๐ ๐๐๐ How do you pick a property manager?
- 14:16 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ Do you only invest in one to four units? If so, why do you prefer these over multifamily buildings?
- 18:37 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ What are your favorite ways to find cash buyers?
- 19:45 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ What's your advice for people starting at ground zero with absolutely nothing?
- 23:09 ๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐ How do you calculate repairs and ARV? How accurate would you say the Zestimate is?
- 28:09 ๐๐๐๐๐๐๐๐ ๐ ๐๐ ๐๐๐๐ Do you guys find a good deal or create one?
- 31:26 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ There are people out there who own hundreds of apartments, how do they manage a portfolio?
- 31:56 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ How do you get your contractors to stay?
- 32:46 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ How do you find contractors? How much do they charge for assessments and consultations?
- 34:58 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ Have you ever done a wholesale deal with little or no earnest money?
- 36:05 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ Would you rather use a realtor or just talk to the homeowner directly?
- 36:50 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐-๐๐๐ What do you feel is the best way to force appreciation quickly?
- 37:56 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐-๐๐๐ When investing out of state. Do you focus on the social economics of the area?
- 39:07 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐-๐๐๐๐๐ What if a property is still occupied. Do you want it for rehabs?
- 39:12 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐-๐ ๐๐๐ How do you deal with a tenant that doesn't pay rent and won't leave?
- 40:13 ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐-๐ ๐๐๐ Is it legal to put their stuff outside?
~~~
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 and learn more...
Enjoy the show!
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Wholesale Guide: The Cliff Note Version: By Michael Del Prete
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