• 146. Virtual Property Buying & Selling: How We Made $22K Profit with Real-Life Tips & Strategies

  • Oct 25 2024
  • Length: 7 mins
  • Podcast

146. Virtual Property Buying & Selling: How We Made $22K Profit with Real-Life Tips & Strategies

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    In this episode, we’re diving into the ins and outs of virtual property wholesaling, buying, and selling—with a real-life example to guide you through the process. Discover how we recently secured a double-wide mobile home near Dallas at a significant discount, only to resell it for a solid profit.

    We’ll break down:

    How to evaluate property values virtually: From using data to gathering local intel, learn how we pegged this property’s worth at $230,000 and secured it for $140,000.

    Working with local professionals: Why consulting with local real estate agents and securing realistic comps is key.

    Navigating virtual due diligence: Tips on how to handle legal descriptions, easements, and property surveys—even with a tight timeline.

    The value of inspections: Why upfront costs for inspections, like septic and foundation checks, can save money and attract buyers.

    Mindset shift for virtual investors: Why you need to approach deals as if you'll be the buyer to ensure thorough evaluations and confident decisions.

    Plus, hear about a recent novation deal that earned $22,000 profit with the help of a trusted realtor. Whether you’re deep into virtual real estate or exploring the idea, this episode offers crucial insights on strategies, pitfalls, and how to do virtual deals right.

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