Episode #4: Questions New Real Estate Investors Ask w/ Michael Del Prete (Part II)

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:

• 4:45 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What are some of the biggest challenges, that you guys come across when purchasing, flipping?

• 7:54 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎 How do you guys budget for a surprise expense? 

• 10:34 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Do you fly to check on your properties at all or stay hands-off for the most part?

• 14:00 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 When you look at your deals, what is your funding source breakdown, meaning the percent of hard money versus private money deals?

• 14:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 Did he get rid of those squatters?

• 15:21 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 Do you guys create an LLC or SP and why?

• 16:52 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 For the breakdown of expenses, as far as trips dinners, do you guys do an Excel spreadsheet? Or just take a pick of receipts?

• 17:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 I heard there's a cap on 10 loans. So looking at private money to keep scaling are these short-term balloon loans or amortizing these out 10 plus years?

• 21:27 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 What are private loans?

• 25:27 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 Why Brad does not invest in California?

• 26:47 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 What is an approximate timeframe? That one has on a contract for purchase wholesale before backing out. For example, 21 days,30 days.

• 28:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 Would you prefer that when looking for a private money lender, we should build a relationship with that person before asking for money?

• 30:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍 Is it better to have a separate LLC for each property, just in case someone sees you otherwise they could go after your property.

• 31:48 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑𝐓𝐄𝐄𝐍 I've seen great cash flow in properties on paper, but have unpermitted bedroom additions, extensions, and if it appraises. Would you buy for cash flow or stay away?

• 37:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐅𝐓𝐄𝐄𝐍 I'm willing to play the volume game, but closing costs is what burns too much cash on the acquisition unless I'm doing something wrong?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

Also, find the show on Feedspot: https://blog.feedspot.com/real_estate_podcasts

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:

• 11:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Top things to look for when looking into a new market?

• 15:39 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎 I am trying to wholesale a property, but found out there are foundation issues with an inspection I have to renegotiate with the seller's advice.

• 17:16 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Do you guys start using hard money when you first started?

• 18:30 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 How do you build up capital to start in this business?

• 19:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 Are you guys investing in properties out of state or in the state you're in?

• 22:51 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 How are you finding the deals that you're purchasing?

• 24:09 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 Can you elaborate on the BRRRR method and have a private investor, but finance the renovation?

• 29:28 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 Would you suggest having two property managers or more?

• 30:51 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 Do you guys have a mentor program?

• 31:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 What are your thoughts on a primary residence or buy and hold investment properties first

• 35:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 How are you finding deals that you are purchasing?

• 36:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 Is there any way you guys look for shifts in markets coming?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

 

Also, find the show on Feedspot:

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:

• 02:29 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Any quick advice on mobile home parks.

• 19:41 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: Discussing seller insurance?

• 27:32 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: What are some other ways you got rid of squatters?

• 34:49 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: How are you guys looking for contractors?

• 37:11 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: Just curious what is the most difficult step looks like?

• 45:23 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: Is it expensive to address contracts?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 05:26 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What type of expenses are different from Phoenix to Cleveland that you saw?

• 13:12 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: What are your thoughts? I go to my fourth property but I don't have an LLC. 

• 20:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: When dealing with contractors, how do we make sure they don't con us and leave with our money?

• 44:00 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: How do you handle change orders when things are unexpected items?

• 51:26 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: How do you make sure they're not buying materials for other projects as a newbie?

• 53:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: When there's left something or leftover materials, do you have them save all that?

• 55:48 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍: As an investor is it a good idea to be your own general contractor, or is that an idea?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 02:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What is investing out of state?

• 3:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: What are the Pros of investing out of state?

• 8:59 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: What are the Con's of Investing out of state

• 10:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑: What advice can you give for new investors before starting investing out of state?

• 14:53 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄: How does invest in out-of-state work with taxes? I've always been curious about the tax implications.

• 16:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗: When should I think about quitting my job if I want to fully commit to real estate?

• 20:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍: Would you recommend doing owner finance or subject to?

• 25:50 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓: What should we use A lenders,     B lenders, or private money?

• 33:39 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄: Who do you rely on rents?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 01:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Is Indiana is a good state to invest in good landlord laws?

• 10:55 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: How long do you wait on a contractor to provide estimates before searching for others?

• 14:06 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: In-house management or outsource?

• 16:59 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 What type of financing do you recommend for property acquisition?

• 28:22 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 I'm a first-time buyer living in California, I'd like to invest but I don't know how to start. Should go out of state?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 00:25 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: Any advice on searching for a good property manager out of state?

•  03:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: How do you monitor that tenants are paying the utilities so that there isn't a lien on a property when tenants vacate?

• 6:33 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Best ways to collect rent?

• 7:40 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 Would you guys be able to suggest any ways of making an offer more competitive. For example, a shortened time to exercise contingencies or move them all together?

• 8:51 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 In your opinion of which states do you recommend investing in?

• 10:47 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 Is California a landlord-friendly state?

• 10:56 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 Once you buy a house out of state, how do you get the keys and how do you hand it over to the Property Manager?

• 11:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 Do you guys have any properties in Missouri?

• 11:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 For home investments, starting out wholesaling how was your routine?

• 13:13 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 What are your top three ways to source leads in this environment?

• 13:13 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 What are the main states where you both own properties?

• 16:31 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 Do you find your market saturated or too competitive?

• 17:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍 Any thoughts on the Michigan markets?

• 17:36 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑𝐓𝐄𝐄𝐍 Do you have an LLC per property owned or one holding LLC?

• 25:47 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐅𝐓𝐄𝐄𝐍 Top five books to look into?

• 29:41 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗𝐓𝐄𝐄𝐍 How often do you feel you should have visited your markets?

~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 01:53 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: What do you do with the fire damage properties you come across?

•  09:42 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: When you are investing in multiple markets, are you using different property managers nationwide? or do you guys have set up people boots on the ground individually?

• 12:39 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: How do you find fire-damaged properties?

• 14:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 I'm an orange county with some capital and looking to do my first deal, would you recommend partnering for a first deal to learn the ropes?

• 22:15 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 What are your tips for new out-of-state investors?

• 34:44 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 Can you recommend some markets for out-of-state investors?

~~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 02:24 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: How did you personally get started? I mean, realtor, but low on cash. What would we recommend in that sphere of influence? properties?

•  06:23 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎: What would you advise a new realtor with no family or friends?

• 11:53 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: Can you deduct payment from contractors due to delays?

• 14:43 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 I'm an orange county with some capital and looking to do my first deal, would you recommend partnering for a first deal to learn the ropes?

• 33:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 How do you get a contractor for out-of-state investment?

• 35:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 How to determine if your market is good and going up when investing out-of-state?

~~~

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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.

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:

• 01:09 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐍𝐄: With the market being this warm, have you wholesale anything to a cash buyer near or at the Zestimate price?

•  02:34 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐎:  Will you elaborate Opendoor and OfferPad?

• 03:13 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐑𝐄𝐄: What type of loans or financing are you using to invest out of state?

• 04:12 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑 Do you think I can turn that nine in an hour and a half in one year?

• 04:35 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐕𝐄 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 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗 What are 1031 funds?

• 07:56 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍 What do you think about buying property in Michigan?

• 09:29 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓 How do you go about doing market research for out-of-state rent? For example, how did you land in Ohio?

• 11:17 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄 How would you analyze a good deal as a potential investment property?

• 12:59 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐄𝐍 How do you pick a property manager?

• 14:16 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐋𝐄𝐕𝐄𝐍 Do you only invest in one to four units? If so, why do you prefer these over multifamily buildings?

• 18:37 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐋𝐕𝐄 What are your favorite ways to find cash buyers?

• 19:45 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐇𝐈𝐑𝐓𝐄𝐄𝐍 What's your advice for people starting at ground zero with absolutely nothing?

• 23:09 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐎𝐔𝐑𝐓𝐄𝐄𝐍 How do you calculate repairs and ARV? How accurate would you say the Zestimate is?

• 28:09 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐅𝐈𝐅𝐓𝐄𝐄𝐍 Do you guys find a good deal or create one?

• 31:26 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐈𝐗𝐓𝐄𝐄𝐍 There are people out there who own hundreds of apartments, how do they manage a portfolio?

• 31:56 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐒𝐄𝐕𝐄𝐍𝐓𝐄𝐄𝐍 How do you get your contractors to stay?

• 32:46 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐄𝐈𝐆𝐇𝐓𝐄𝐄𝐍 How do you find contractors? How much do they charge for assessments and consultations?

• 34:58 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐍𝐈𝐍𝐄𝐓𝐄𝐄𝐍 Have you ever done a wholesale deal with little or no earnest money?

• 36:05 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘 Would you rather use a realtor or just talk to the homeowner directly?

• 36:50 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘-𝐎𝐍𝐄 What do you feel is the best way to force appreciation quickly?

• 37:56 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘-𝐓𝐖𝐎 When investing out of state. Do you focus on the social economics of the area? 

• 39:07 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘-𝐓𝐇𝐑𝐄𝐄 What if a property is still occupied. Do you want it for rehabs? 

• 39:12 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘-𝐅𝐎𝐔𝐑 How do you deal with a tenant that doesn't pay rent and won't leave?

• 40:13 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐓𝐖𝐄𝐍𝐓𝐘-𝐅𝐈𝐕𝐄 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!

-----

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.

---

Connect with Michael at: 

Facebook

Twitter

Instagram

Linkedin

Recommended Resources with FREEBIES!

Wholesale Guide:  The Cliff Note Version: By Michael Del Prete

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.

---

Grab these Opportunities For You!

Partner With  Michael:  I show regular people how to use rental properties to grow their retirement savings so that they can stop worrying "if they will ever retire", and KNOW that they WILL retire.

P.S. Without the hassles of tenants or toilets!

→  15 Minute Phone Meeting

First Deal Accelerator: I'm putting together a mastermind for late 2020 where I'm going to work with a handful of private clients one on one. I will personally teach you how to flip your first wholesale deal and get paid. You will gain the knowledge, experience, and gain the confidence necessary to continue closing deals for a lifetime.