Today, Jay Conner and his special guest Paul Lizell talk about how to utilize systems and processes that simplify the buying process of real estate.
Paul is the founder of The Virtual Investor, JP Homes, Inc & www.housedealsamerica.com He has been flipping properties since 2001 and is the original virtual wholesaler having purchased all over the U.S. since 2009. He has bought and sold properties in 44 out of 50 states and will continue to look at expanding into new markets.
Paul is a graduate of Drexel University in 1998, holds a degree in Finance and a minor in Economics, he now teaches at www.ReoAuctionAcademy.com . He focused exclusively on online auctions, bank REO’s, buying off the MLS and wholesalers across the country since 2013.
Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 1:42 - Jay’s New Book: “Where To Get The Money Now”- https://www.JayConner.com/Book 3:20 - Today’s guest: Paul Lizell 4:57 - How Paul Lizell gets started on the real estate business. 6:58 - What is wholesaling? 8:01 - What is the advantage of buying a house vs getting it under contract? 10:28 - When you buy a house in today’s market are you primarily selling them to other real estate investors at a profit or are you selling them to the people who are going to live in the property? 11:16 - What kinds of profit are you seeing in today’s market while doing your business virtually? 11:57 - Wholesaling vs. Wholesaling 13:01 - Do you think that Wholetailing is more popular now because of the lack of inventory? 13:58 - When you’re wholesaling a house to an end buyer, what’re your criteria for pricing that home versus a complete rehab? 14:52 - In today’s real estate market as long as it’s clean and smells good that property is okay. 15:34 - How do you find your buyer? 16:07 - How do you find deals given the low inventory in today’s real estate market? 17:35 - How do you get the leads? 19:29 - How to connect with Paul Lizell: https://www.REOauctionAcademy.com & https://www.FlipRealEstateVirtually.com 20:30 - How do you manage your people on the grounds to inspect the property? 24:21 - Do you give additional compensation to your bank-owned real estate agents? 25:23 - How do you find your REO agents? 26:56 - When you become the winner in the online auction how long do you have before you got a close? Do you make a house inspection before you take it down? 28:34 - Paul Lizell’s parting message: In my business model my time is my only marketing cost.
Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book
Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.
