Episode 95:
Founder of JP Homes Inc., HouseDealsAmerica.com, and reoauctionacademy.com, Paul Lizell has been a successful real estate investor since 2001. He has bought and sold hundreds of properties nationwide during his investing career. Paul is the host of the podcast “Flipping Out” a virtual investing podcast. As a graduate of Drexel University, Paul attributes his success in business and investing to coaching, education and systems.
What you’ll learn about in this episode:
- How Paul initially got started in real estate in the fix-and-flip niche, and why he moved into wholesaling after the 2008 market crash
- Why Paul’s business focuses almost exclusively on real estate deals discovered through online auctions and bank REOs, and why he does no direct mail marketing
- How Paul works with his private lenders, and how he structures and closes on the deals he lines up
- How Paul and his small team determine what to offer for an auction, and what criteria Paul looks for in an auctioned property
- How Paul researches properties digitally through the use of BPO Photo Flow, realtors or contractors to see images of the condition of a property
- How Paul markets the properties he purchases, and why he is looking into doing national-level advertising
- What happens in the rare event that Paul pays too much for a property, and why getting creative is the key to fixing these situations
- Why Paul believes there are always deals to be found, no matter how hot your local market seems to be
- Why the trend has been moving toward virtual purchases, and why the global pandemic has dramatically accelerated this trend
- How to learn more about Paul’s virtual real estate investing methods, and how to join Paul’s REO Auction facebook group
Resources:
- Website: www.TheMentorPodcast.com
- Website: www.RonLeGrand.com
- Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC95