Sun, 30 May 2010
Finding great deals is a lot harder than it sounds. Or is it? We always say that every problems presents one or more opportunities. That sounds really good in a seminar or on the radio, but what about in the real world?
In our continuing quest to find resources to help real estate investors succeed, we found an entrepreneur who looked at all the carnage in the low end housing market and saw a business opportunity. In fact, we were so impressed that after out first meeting we decided to fly to his office and look at his operation.
While we were there, we fired up the microphones and recorded an interview. Wouldn’t you like to hear it? We thought so!
Behind the microphones on location in Austin, Texas:
• Your host and lead explorer, Robert Helms
• Co-host, financial strategist and travel coordinator, Russell Gray
• Lawyer, entrepreneur, investment banker and CEO, Jeffrey Ball
Anyone who’s every watched a late night TV infomercial has probably heard the terms “REO” and “Wholesale”. And at 2:00 am, the idea of buying bank owned properties for pennies on the dollar SOUNDS easy to do. But anyone who’s every tried knows it’s a whole lot harder than it looks. So even if you’re well educated and adequately capitalized, getting into the deal flow can be elusive. Correction, getting into the GOOD deal flow is elusive.
Of course, most people only look at a problem from their own perspective. If deal flow is a problem for investors, what about the banks who are holding repossessed properties? Our guest points out that the banks have problems too! And he tells why the problem is worse on the lower priced properties.
Wow! If both the buyers (investors like you) and sellers (banks holding repo’d property) have problems, there MUST be an opportunity in there somewhere, right?
Of course there is!
Once we understand the problems from both sides, Jeff reveals how he built a business around solving the problems. What’s most exciting is there is a role for individual investors to play.
If you know there’s great deals in distressed property, but haven’t figured out a practical way to get into the deal flow, then this show is for you!
Direct download: Getting_Into_the_Deal_Flow_-_Wholesale_Solutions_for_a_Distressed_Market.mp3
Category:podcasts -- posted at: 11:00am PST