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In this video, the Virtual Investors introduce Rentometer.com, a tool for determining rental comps in specific areas. It’s especially useful for investors without MLS access.
We explain how to enter a property’s address, select unit size, and analyze recent rental data to find the median rent in the neighborhood. It highlights how you can use the tool when evaluating rental opportunities or confirming rents for properties they plan to wholesale. For those in real estate, Rentometer offers a simple way to check rental rates and potential returns.
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In a recent video, we share how we buy and renovate our investment properties when they are in another state. We share how we find contractors and trades people to complete the renovation work on the investment property.
The video highlights the importance of leveraging real estate agents’ networks for successful rehabs. We discuss working with real estate agents to find trusted contractors for projects in other states, and where real estate agents recommended contractors and managed large-scale renovations. Building strong relationships with real estate agents is key for accessing local expertise and resources. This approach helps streamline the process for rehabs and sales, allowing investors to focus on scaling projects efficiently. There are several different nationwide property auction sites such as Auction.com, Xome, and RealtyBid to find investment properties. In this video we discuss creating accounts, searching for properties, and applying filters such as location, property type, foreclosure status, and occupancy.
Using filters helps narrow search results using specific criteria like number of bedrooms, condition, and vacancy. The video also provides examples from different auction platforms and highlights the importance of refining searches to avoid being overwhelmed. Auction.com XOME HUBZU Reality Bid HUD Homestore Auction Network Hudson & Marshal This Virtual Investor video covers how to find out-of-state property owners using list brokers.
It demonstrates creating a custom list to target absentee owners by selecting geography, property type, purchase date, and ownership status. The video explains filtering options, such as focusing on recent buyers, excluding owner-occupied properties, and refining criteria to narrow the list. It also shows how to save costs by removing duplicates and includes a step-by-step guide to purchasing and downloading the list for mailing purposes. We demonstrate how to get a list of out of state property owners. We grow through a mailing list website to pull out of state properties owners that you can contact to purchase their property or let them know of a property you are selling. Learn How to Find Out of State Property Owners In this episode of The Virtual Investor, we review a recently closed deal and discuss the numbers, challenges, and opportunities. Mike breaks down our first property, a 3-bedroom, 2-bath in a golf course community, purchased through a Washington state REO auction.
We explore the potential plans for this property, including a wholesale option or minor renovations to boost value. Next, we discuss an earlier deal in Alabama, where unexpected pool repairs affected our rehab budget. We share insights on sticking to the numbers, even when surprises arise, and highlight lessons learned for future investments. Tune in for more deal reviews, real estate tips, and insights. Watch Learn How We Underwrite Properties | Investment Property Review In a declining real estate market, it's crucial to minimize rehab costs and speed up the process to maintain current market value. Anticipate a potential 5-10% market drop and price accordingly.
Focus on basic, quick, "lipstick" rehabs rather than high-end renovations, as the latter can lead to greater losses due to time and market fluctuations. Keep your projects short, simple, and efficient to avoid significant losses. To learn more watch Rehabbing in a Declining Market In this video we show how we bought a real estate investment property using our life insurance policy.
We bought a rental property using our whole life insurance policy. We bought for $40,400, renovated and renting the property out for $1,200 a month. We discuss: - some of the renovations we did to the property. - how we loan the cash value of our life insurance policy to fund the property - how we payback the life insurance policy loan - Infinite Banking concept using whole life product - a great way to BRRRR a rental property - cheaper than hard money lenders and private lenders - works for permanent life insurance polices with cash value Watch to learn more... We created a video that shows you how to post your house for sale by owner (FSBO) on Zillow. Zillow will give you great exposure online as many people search for properties using Zillow.
How to post a house for sale on Zillow (FSBO): 1) create a free Zillow account 2) Enter the property address for the house that you are selling 3) After 72 hours Zillow will approve your house for sale by owner (FSBO) 4) Enter property information, pictures, description, listing price, etc. In this video, the Virtual Investors explain how to effectively find investment properties using the Multiple Listing Service (MLS).
They cover strategies like networking with real estate agents, setting up automated emails for new listings, and refining search criteria to target specific property types, locations, and conditions. By filtering for key factors such as price range, property condition, and desired locations, investors can receive daily updates on potential investment opportunities. Make sure to subscribe and stay tuned for more real estate tips! Below is an example of criteria you can use to create a property list from the MLS. Daily MLS Email Criteria Property Type is 'Residential' County is one of X MLS Area is not one of Y Status is one of 'Coming Soon', 'Active' Current Price is 250000 or less Listing Term Begins is TODAY Beds is 3+ Structure Type is one of 'Detached', 'Twin/Semi-Detached', 'Interior Row/Townhouse', 'End of Row/Townhouse' Condo/Coop or HOA Assoc is not 'Condo/Coop Association' Senior Community is no Property Condition is one of 'Below Average', 'Major Rehab Needed' New Construction YN is no Some might have Keywords ‘TLC’, ‘Fixer Upper’, ‘Estate Sale’ What is an REO Property?
Real Estate Investing Explained In this video, we discuss what an REO (Real Estate Owned) property is and how it becomes one. Learn about the foreclosure process, loan defaults, and why REO properties are attractive to investors. Discover our real estate investing strategies for buying, selling, and managing real estate, including virtual wholesaling, renovation projects, and more. What is a REO foreclosure? What is a Real Estate Owned (REO) Property?
How Does a Property Become an REO property?
REO properties can be attractive to homebuyers and real estate investors. Sometimes lenders are motivated sellers who do not want to sit on their REO inventory and these homes may be priced at a discount. |
Paul & MichaelWe buy and sell real estate virtually all over the United States! Archives
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