Wholesaling Real Estate Q&A #4 (LIVESTREAM)

TL;DR

In this live Q&A session, Zach provides valuable insights and advice for aspiring real estate investors, covering topics such as getting started in wholesaling, cold calling, text blasting, skip tracing, and the importance of gratitude in building relationships.

Transcript

boom what is up guys how's it going we are live here how is it going this is zach in getting ready for our q a live one right now um really excited about this guys so uh let's just get some people hopping on here let's adjust some things here let's see you guys can hear me uh let me know love for you guys to make sure you can hear me let me go chec... Read More

Key Insights

• 👀 Focus on acquiring knowledge and improve skills through reading, watching educational content, and learning from experienced investors.
• 🥶 Develop good acquisition skills, such as cold calling and texting, to secure deals.
• 🥶 Adapt to the current market conditions by utilizing virtual strategies like cold calling, texting, and virtual appointments.
• 👋 Build good relationships with sellers and buyers by providing valuable solutions and customized experiences.
• 😒 Use gratitude as a way to build rapport and create opportunities with potential sellers and clients.
• 💦 Be patient and persistent, as success in real estate investing requires continuous learning, networking, and hard work.
• 🥶 Consider different marketing strategies, such as direct mail, cold calling, and text blasting, to reach potential sellers and buyers.

Questions & Answers

Q: How can a 17-year-old get started in real estate investing?

Zack recommends focusing on acquiring knowledge and improving skills through reading books, watching YouTube videos, and learning from experienced investors. He suggests starting by cold calling and getting good at acquisitions.

Q: Should I cold call or text pre-foreclosures?

Zack advises against cold calling pre-foreclosures as it is challenging to reach them due to the high volume of calls they receive. He suggests texting them instead, as it can be more effective in getting their attention.

Q: What should I do if a seller asks me to sign a contract before them?

Zack suggests having the seller sign the contract first before signing it yourself. This helps alleviate any pressure on the seller and shows them that you are serious about the deal.

Q: Should I cold call landline phone numbers?

Zack encourages cold calling landline phone numbers, as they can provide valuable leads that other investors may not be targeting. He mentions that many elderly people still use landlines and can be potential sellers.

Summary & Key Takeaways

• Zach shares his personal experience and tips on getting started in real estate investing, emphasizing the importance of gaining knowledge and acquiring skills in real estate wholesaling.

• He advises beginners to focus on learning the basics and improving their acquisition skills, such as cold calling, which he considers a character booster and an effective way to secure deals.

• Zach discusses the impact of the coronavirus on the real estate wholesaling market and recommends virtual strategies, including cold calling and texting, to adapt to the current situation.

• He also emphasizes the importance of continuous learning, marketing, and building good relationships with sellers and buyers as key factors for success in real estate investing.