How to Wholesale Real Estate Virtually | Digital Nomad Edition Ep.90

Introduction

Welcome to the highly-anticipated Episode 90 of the "How to Wholesale Real Estate Virtually" series, the Digital Nomad Edition! In this session, we gear up to make agent calls as we've fallen behind on offers due to time changes. Bali's beauty is inspiring, and now it's time to dive into our real estate activities.

Getting Started with Agent Calls

First things first, we start by pulling up our CRM to check on our current offers and opportunities. There are three offers that are currently out of underwriting, and it's critical to follow up on them to keep our momentum. We're all fueled with coffee as we prepare our game plan, and I encourage everyone to introduce themselves in the comments.

The key objective today is to make some agent calls. It's vital to keep the offers flowing; otherwise, we might feel the repercussions next month. After checking our inbox for any promising leads, we begin calling agents to inquire about properties of interest.

Dialing In

Our first call is to an agent regarding a property listing. We aim to gather crucial details such as the age of the roof, AC systems, and any potential issues with the property. Communication is key in these conversations, and we confirm the property's details and any challenges the agent is facing with lowball offers.

Navigating the Conversation

During the call, the agent shares valuable information, including details about the property's condition and renovation history. They mention the age of essential systems and any renovations made. This knowledge helps us formulate a more accurate offer.

If the price seems a bit aggressive, I inquire about flexibility, especially if any cosmetic work is needed. Understanding the agent's position allows us to strategize our next steps more effectively. I assure the agent that I'll run the numbers and get back to them soon, keeping the lines of communication open.

Next Steps and Updating KPIs

After our initial conversations, we categorize the properties for underwriting. It’s essential to keep our key performance indicators (KPIs) updated to measure our progress throughout the day.

As we continue our calls, we meet new agents and discuss properties, learning details that can set the foundation for future offers. From talking about the age of roofs to discussing local amenities, every detail contributes to our overall understanding of the market.

Final Thoughts: Transitioning to Better Opportunities
Before wrapping up, I reflect on the importance of this work, connecting with agents, and generating leads. Each call, even the ones that don't yield immediate results, adds to our knowledge and network. Plus, we discuss leveraging AI for our wholesale strategies and explore how we can effectively market from a distance.

In between calls, there’s always room for creativity. Ideas flow about creating engaging CRM tutorial videos, showcasing beautiful backdrops, and incorporating the latest technology trends in our wholesale strategies.

For now, I appreciate everyone tuning in and I look forward to catching up again soon!

Keyword

Wholesale real estate, virtual, digital nomad, agent calls, offers, properties, underwriter, negotiations, KPIs, CRM, AI tools, investment.

FAQ

Q1: What is Virtual Wholesale Real Estate?
A1: Virtual wholesale real estate involves buying and selling properties remotely, often leveraging digital tools and technology to connect with agents and buyers.

Q2: How do I start wholesaling real estate virtually?
A2: Begin by researching your market, building a network of agents, and leveraging online platforms to find and negotiate properties.

Q3: What are some tools for virtual wholesaling?
A3: CRM tools, property listing sites like Zillow, and AI technology for communication and deal analysis are essential tools.

Q4: How do agents typically respond to wholesalers?
A4: Agent responses can vary; some may be open to negotiations while others may have strict price guidelines based on market conditions.

Q5: Why is it important to update KPIs while wholesaling?
A5: Updating KPIs helps track your performance, enables adjustments to strategies, and highlights areas that need improvement in your wholesale business.