Wholetailing Series Part 1 (Closing The Deal)

TL;DR

A real estate investor discusses how they closed a virtual deal in Florida, including the recorded conversation and contract details.

Transcript

guys so this is going to be the first video of four on the deal breakdown we have here in Florida on Flanders Avenue so I'm going to show you now how I actually got this deal how I broke it down and everything like that so this was a direct mail deal and I got a call from the lady and I was actually out of state I was in Ohio at the time for a real... Read More

Key Insights

• 😚 Virtual real estate deals can be closed successfully with effective communication and negotiation skills.
• 👋 Building trust and assuring the seller of their best interest is crucial for a smooth transaction.
• 😨 Offering solutions to repair issues and taking care of potential problems can alleviate the seller's concerns.
• 🥺 Giving the seller a reasonable timeframe and being flexible in negotiations can lead to a successful closing.
• ❓ Using digital platforms like Dotloop or Docusign simplifies the contract signing process.
• 🤝 Virtual real estate deals require the investor to be organized and thorough in their due diligence.
• ❓ Honesty, transparency, and clear communication are essential in virtual real estate transactions.

Questions & Answers

Q: How did the investor handle the fact that the house needed repairs?

The investor mentioned that there were some repair issues in the house, but assured the seller that they would take care of them. They also mentioned that the house had potential and would bring the seller a fair profit.

Q: How did the investor handle the seller's concerns about codes and violations?

The investor told the seller that they would take care of checking for any code violations, and if there were none, the process would proceed smoothly. They emphasized their honesty and assured the seller that they could trust them.

Q: How did the investor show their commitment to the deal?

The investor offered to cancel other appointments and make this deal a priority if the seller agreed to sign the contract. They also mentioned that they would pay the seller's tax bill before it incurred any late fees.

Q: What guarantees did the seller have that the investor would follow through with the deal?

The investor assured the seller that they would not back out of the deal unless there was a major issue with the property, like it being on a sinkhole. They emphasized their trustworthiness and stated that they would not go to another buyer.

Summary & Key Takeaways

• The content is about a real estate investor's experience closing a deal in Florida through virtual means.

• The investor received a call from a seller while out of state and had a recorded conversation to negotiate and sign the contract.

• The investor offered to buy the house for $90,000, pay up to $10,000 of the seller's tax bill, and gave the seller 60 days to close.