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

TL;DR

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

Key Insights

• ⌛ Scaling and delegation are essential for achieving time freedom in virtual wholesaling.
• 😤 Building a trusted team, including an acquisition manager and runners for property showings, is crucial for success.
• ❓ Networking, finding mentors, and leveraging local real estate meetings can provide valuable guidance and support.
• ❓ Adjusting marketing strategies to specific markets, such as partnering with local JV partners, can mitigate challenges in virtual wholesaling.
• 💌 Direct mail can be expensive but can still be effective if implemented strategically.
• ❓ Compliance with state regulations is crucial, and seeking legal advice for contract templates is recommended.
• 😉 Maintaining a positive mindset, focusing on personal growth, and celebrating small wins are essential for long-term success in virtual wholesaling.

Transcript

hey guys we are live welcome to the baxter richest podcast i'm your host zakian and on today's episode we are probably in the presence of one of the virtual wholesaling queens one of the best virtual wholesalers and one of the best teachers of it uh lauren hardy lauren itch with wholesaling inc and she's here to share with you how you can virtually... Read More

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.