Virtual Wholesaling 5 Deals a Month! (Step by Step Breakdown) | Lauren Hardy | Summary and Q&A

15.4K views
February 25, 2021
by
Flip With Rick
YouTube video player
Virtual Wholesaling 5 Deals a Month! (Step by Step Breakdown) | Lauren Hardy

TL;DR

Lauren Hardy shares her journey and strategies for virtual wholesaling, including scaling her business, delegating tasks, and leveraging technology.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: How did Lauren transition from house flipping to virtual wholesaling?

Lauren started as a house flipper in Southern California but struggled to find discounted deals as the market became more competitive. She began networking with investors in out-of-state markets and decided to go virtual to overcome the inventory issue.

Q: How does Lauren delegate tasks in her virtual wholesaling business?

Lauren prioritizes time freedom and has hired a team, including an acquisition manager and runners for property inspections. She replaced herself in various tasks to focus on scaling the business.

Q: What marketing strategies does Lauren use for virtual wholesaling?

Lauren primarily uses cold calling and texting for lead generation. Initially, she recommends partnering with local JV partners in new markets to build a buyer's list and gain market knowledge. As the business grows, she advises finding runners and utilizing cloud-based phone systems.

Q: How does Lauren handle virtual wholesaling in markets with potential regulatory challenges?

Lauren acknowledges that regulatory challenges, such as potential bans on wholesaling without a license, can arise in certain markets. She advises adapting and finding creative solutions, such as partnering with agents, raising private money, or exploring alternative strategies like hoteling.

Summary & Key Takeaways

  • Lauren started her real estate investing career as a house flipper, but due to the competitive market in Southern California, she transitioned to virtual wholesaling.

  • She began by networking with investors in out-of-state markets and realized the potential of virtual wholesaling.

  • Lauren emphasizes the importance of scaling and delegating tasks to achieve time freedom, hiring a team to handle acquisitions, and utilizing runners for property inspections and showings.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Flip With Rick 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: