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EPISODE 18: Wholesaling Houses 100% Virtually – No Cash, No Credit with Chris Logan
In this episode of the Be Someone Podcast, Michael Hong interviews Chris Logan, a successful real estate investor who shares his journey into wholesaling. Chris discusses how he got started, the challenges he faced with his first deals, and the importance of persistence in the real estate business. He emphasizes the shift to virtual wholesaling, the strategies for finding deals in today's market, and the key performance indicators for cold calling. Chris also shares insights on disposing of deals, the differences between assignments and double closings, and the benefits of investing in syndications. The conversation concludes with Chris offering valuable resources for listeners looking to start their own real estate journey.
Takeaways
The importance of networking and community in real estate.
Wholesaling can be started with minimal investment.
Persistence is key in closing your first deal.
Cold calling is an effective way to find motivated sellers.
Understanding your market and adapting to conditions is crucial.
Building a buyers list is essential for successful wholesaling.
Using technology and social media can enhance your marketing efforts.
Learning from mistakes is part of the journey in real estate.
Investing in syndications can provide tax benefits and passive income.
The first deal is about proof of concept, not just profit.
Chapters
00:00 Introduction to Real Estate Journey
03:34 First Deal and Lessons Learned
06:37 The Importance of Proof of Concept
09:45 Scaling the Business and Virtual Wholesaling
12:36 Finding Deals in Today's Market
15:44 Marketing Strategies for Success
18:46 Building a Sustainable Business Model
29:09 Scaling Your Cold Calling Strategy
30:45 Understanding Key Performance Indicators
32:43 The Importance of Call Recordings
34:02 Building Your Buyers List
36:08 Vetting Your Buyers
38:43 Understanding Assignment vs. Double Closing
39:59 The Role of Attorneys in Real Estate
44:19 Investing Beyond Wholesaling
46:45 Final Thoughts and Resources
How to Get in Touch with Chris:
IG: @chrislogranrei
www.VirtualWholesalingMadeSimple.com
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his Instagram: @michaelbesomeone or shoot him a message at
832-301-9672 (text first before calling)
View all episodes
By Michael HoangIn this episode of the Be Someone Podcast, Michael Hong interviews Chris Logan, a successful real estate investor who shares his journey into wholesaling. Chris discusses how he got started, the challenges he faced with his first deals, and the importance of persistence in the real estate business. He emphasizes the shift to virtual wholesaling, the strategies for finding deals in today's market, and the key performance indicators for cold calling. Chris also shares insights on disposing of deals, the differences between assignments and double closings, and the benefits of investing in syndications. The conversation concludes with Chris offering valuable resources for listeners looking to start their own real estate journey.
Takeaways
The importance of networking and community in real estate.
Wholesaling can be started with minimal investment.
Persistence is key in closing your first deal.
Cold calling is an effective way to find motivated sellers.
Understanding your market and adapting to conditions is crucial.
Building a buyers list is essential for successful wholesaling.
Using technology and social media can enhance your marketing efforts.
Learning from mistakes is part of the journey in real estate.
Investing in syndications can provide tax benefits and passive income.
The first deal is about proof of concept, not just profit.
Chapters
00:00 Introduction to Real Estate Journey
03:34 First Deal and Lessons Learned
06:37 The Importance of Proof of Concept
09:45 Scaling the Business and Virtual Wholesaling
12:36 Finding Deals in Today's Market
15:44 Marketing Strategies for Success
18:46 Building a Sustainable Business Model
29:09 Scaling Your Cold Calling Strategy
30:45 Understanding Key Performance Indicators
32:43 The Importance of Call Recordings
34:02 Building Your Buyers List
36:08 Vetting Your Buyers
38:43 Understanding Assignment vs. Double Closing
39:59 The Role of Attorneys in Real Estate
44:19 Investing Beyond Wholesaling
46:45 Final Thoughts and Resources
How to Get in Touch with Chris:
IG: @chrislogranrei
www.VirtualWholesalingMadeSimple.com
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his Instagram: @michaelbesomeone or shoot him a message at
832-301-9672 (text first before calling)