Eddie’s Deal: Profit Margins vs. Appraisal Requirements | Probate Mastermind #330

Recorded Live on June 03, 2021

These episodes are recorded as a live Question and Answer Mastermind with participation from agents and investors across the country. Thanks for tuning in, and don’t forget to subscribe for future episodes!

Call Re-cap:

00:00 General Updates

Jim shares general updates.

01:55 Tips for Real Estate Virtual Meetings

Rick is implementing virtual meetings in his business model and has found it to be much more convenient for himself and clients.  As he uses virtual meetings more and more, what applications besides Zoom should he look towards? What are some other tips for evolving with the times? Mike jumps in the queue to share his insight: Virtual and In-Person both have their tie and place, and in combination can lead to a really efficient workflow.

14:30 Probate Foundations: What and When

Bruce and Jim share a refresher on what Probate Foundations is, and why it’s a great first step into the probate niche and way to stay on track after you’ve gotten the ball rolling.

23:01 Transaction Engineering with Eddie

Eddie shares updates on deals he’s been working on since previous masterminds.  He went on three appointments last week and came back with two signed contracts and another highly-likely deal. This third deal is being held up by a 75% appraisal requirement from the court; the property includes two condos that are severely distressed. He can still make money if he goes the 75%, but is this the only option?

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