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ACIS Episode 2: The Big Texas Freeze, A Flip Gone Wrong, How To Get Your First Deal
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Welcome to the second episode of the Alamo City Investing Show with your hosts, Jason Lee, and Aaron Bihl. In this conversation, we piece together exciting stories of wrestling with weather changes and unexpected twists in property investment in the Texan landscape. We explore overcoming underestimated renovation expenses and managing the shrinkage in property size, as well as offering an insightful guide to sourcing your first off-market deal based on tried and tested knowledge.
Navigating the unpredictable real estate world, each transaction shares its unique experience. From property selection to final sale, every challenge faced is a stepping stone to garnering indispensable knowledge about market dynamics. With this episode, we aim to offer valuable insights on dealing with these changing conditions.
We discuss tips on finding reputable property buyers online, using resources like county records, and the importance of knowing potential businesses. We highlight the significance of networking, both online and offline, with sincere efforts from your side that can lead to potential collaboration opportunities.
Additionally, this episode details how to find prospective properties online using services like PropStream and PropWire. And if you're fresh from college without much capital, we explain how to be resourceful and compromise time with money. Furthermore, we also guide you on how to effectively utilize a potential marketing budget for finding properties, concluding with emphasizing the need for realistic expectations for your investments.
Discover the tactics for lead generation, setting appointments, making proposals, and deal closure in real estate. Understand the pivotal role of consistency in your marketing scheme and the importance of perseverance even in the face of slow results. Learn about essential metrics to track to anticipate your performance and success in property investment.
Finally, learn the value of understanding and concentrating on potential sellers' motivations in the negotiation process, how to present accurate information about houses, the importance of following up with potential sellers, and tips on how to bootstrap your business while gradually incorporating more advanced systems as your business expands. Gain insights on how to be successful investing in real estate in San Antonio.
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