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PODCAST
Eat, Sleep, Invest
Show Notes
This is Eat, Sleep, Invest, a podcast where we speak with real estate experts to help you get more deals. In today’s episode, Bryan Driscoll talks to Paul Lizell. Paul started in the real estate industry in 2001 by investing in HUD properties and running direct mail campaigns. By 2013, he was buying so many properties on online auctions and other avenues that he didn’t need to do anymore marketing. Now, Paul purchases properties in 44 out of 50 states. He also has been buying cryptocurrency since 2017 and has continued to build his crypto portfolio.
With his vast experience buying homes in online auctions, he outlines the process. He also gives valuable tips for people who want to take that avenue for investing. Bryan and Paul touch on their thoughts on the up-and-coming crosses between cryptocurrency and real estate. Bryan and Paul discuss:
- Strategies for getting involved in cryptocurrency and some of Paul’s experiences
- How to buy sight unseen properties with research, pictures, and local agents
- Using realtor referrals for contractors in markets you are less familiar with
- How to find reputable online auction houses and where they get their properties
- The process of buying homes online at auctions and how financing works
- Pros and cons of vacant versus occupied properties purchased at auctions
- Some of the resources and mentorship Paul has online for people looking to buy properties online
- What the competition looks like and using secondary and tertiary markets to limit the competition
- Top mistakes that people looking to buy from auctions make, including buying homes with foundation issues or getting involved in too many markets at the same time
- Why three-bedroom, two-bathroom homes are perfect for rental properties
- The cross between real estate and cryptocurrency, including crowdfunding for properties
- The future of NFTs with showing ownership and the music industry
Contact Paul:
https://www.reoauctionacademy.com/