146. Virtual Property Buying & Selling: How We Made $22K Profit with Real-Life Tips & Strategies

Send us Fan MailIn this episode, we’re diving into the ins and outs of virtual property wholesaling, buying, and selling—with a real-life example to guide you through the process. Discover how we recently secured a double-wide mobile home near Dallas at a significant discount, only to resell it for a solid profit.We’ll break down:How to evaluate property values virtually: From using data to gathering local intel, learn how we pegged this property’s worth at $230,000 and secured it for $140,000.Working with local professionals: Why consulting with local real estate agents and securing realistic comps is key.Navigating virtual due diligence: Tips on how to handle legal descriptions, easements, and property surveys—even with a tight timeline.The value of inspections: Why upfront costs for inspections, like septic and foundation checks, can save money and attract buyers.Mindset shift for virtual investors: Why you need to approach deals as if you'll be the buyer to ensure thorough evaluations and confident decisions.Plus, hear about a recent novation deal that earned $22,000 profit with the help of a trusted realtor. Whether you’re deep into virtual real estate or exploring the idea, this episode offers crucial insights on strategies, pitfalls, and how to do virtual deals right.Support the show🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us! Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587Instagram :  / travisclaywells  ​TikTok: / travisclaywells  ​Linkedin: / traviscwells