In our latest episode of the Raising Private Money podcast, we delved into the world of virtual wholesaling in real estate with special guest Jerry Green, an experienced real estate investor.
Jerry shared invaluable insights and strategies for success in virtual wholesaling, including his approach to property acquisition, marketing, and operational management.
Here are some key takeaways from the episode:
1. **Wholesaling Methods:** Jerry discussed two primary ways to wholesale properties: controlling the deal and assigning the rights to another party, or conducting a double close. He emphasized the importance of leaving enough profit for the other real estate investor in the deal.
2. **Marketing Strategies:** Jerry's team is aggressive on the marketing side, primarily using direct mail to absentee homeowners. They also utilize strategies such as cold calling and specialty lists like probates and delinquent taxes.
3. **Operational Management:** Jerry's business follows a production line process, involves virtual execution, and utilizes local inspectors for property evaluations and detailed reports.
4. **Triggering Home Inspections:** Jerry explained the criteria for triggering a home inspection during the property acquisition process and emphasized the simplicity and efficiency of their process.
5. **Get in Touch:** Jerry Green is open to further conversation and offers training opportunities in real estate acquisitions. Connect with him through his website, Facebook, and Instagram.
This episode provides actionable insights for both seasoned and aspiring real estate investors. If you're looking to master virtual wholesaling and gain a deeper understanding of real estate acquisitions, this podcast episode is not to be missed.
Here's to your success in the realm of real estate investing with Private Money!
Timestamps:
0:01 - Raising Private Money Without Asking For It
0:53 - Jay’s New Book: “Where To Get The Money Now” - https://www.JayConner.com/Book
2:03 - Today’s guest:  Jerry Green
4:21 - The Jerry Green Story
7:45 - What is a wholesale deal?
10:48 - How do you find your deals?
12:08 - How do you find sellers?
12:35 - What type of lists do you use when using the direct mail strategy?
13:55 - Secrets in writing postcards to receive a good response.
17:18 - Getting to know your acquisition agent.
19:32 - Step-by-step guide to running a successful virtual wholesaling business
23:44 - What is your arrangement with the home inspector when they estimate repairs?
29:08 - https://www.TheJerryGreen.com  - connect with Jerry Green
Connect With Jay Conner:
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