Virtual Investing Benefits Week #2

[Greg Helbeck]

This week I want to continue my mini series on some of the benefits and critical things you need to know if you are deciding to implement the virtual investing model.

The key to having consistent success in a visual market is having the right boots on the ground in that specific market.

There are two different ways that that you can have successful boots on the ground.

Employees and/or JV partners.

I am a big fan of having JV partners. They key when doing this is putting the JV partner FIRST and providing them value so they want to work with you. When I do deals in remote markets, I private my JV partner with value by bringing them deals that they would have not gotten and every time that get a call from me and we do business, its additional revenue to their bottom line for them.

I get value from them because they sell the deals on the backend and go to the property to take care of any of the rehab or tasks that requires physical presence.

If you can have successful boots on the ground in your virtual investing business, it is ALOT easier to have success. If I did not have good boots on the ground, it would be a lot tougher to make deals happen consistently on a monthly basis.

We are looking for some passive partners who would be interested in getting involved in some of our rental deals in New York from a passive prospective. If you were ever interested in finding out how you could get involved, feel free to reach out and we can talk about some potential options on working together.