Greg Helbeck is a real estate investor and the owner of Velocity House Buyers, a company that purchases off-market homes in the New York and Texas areas. The company prefers to buy houses that are considered “distressed” properties – homes that are currently in sticky situations such as foreclosure, probate, or quick sales. His strategy for finding homes is considered unorthodox, but it has enabled him to find his footing in the big world of real estate.
Greg joins me today to share what it’s like to work in a virtual real estate market. He shares his humble beginnings, his first and worst deals, and why he decided to take an unconventional route when it came to finding properties to purchase. He also discusses the various methods he uses in closing deals and how hiring a genealogist has impacted his business.
“The more hair on the deal, the more money you’ll make.” – Greg Helbeck
On Today’s Episode of Flip Talk:
- How he got into real estate investing.
- The first deal he made.
- What made him pick a different market?
- How bandit signs helped him have a good start.
- Why phone calls and skip tracing appealed to him more than direct mail.
- How the typical deal works for him.
- The protocols he has in place to make sure he makes the right decisions.
- Title issues he and his team deal with and their workaround strategy.
- Why he hires a genealogist.
- The hardest deal he’s ever done.
Greg Helbeck’s Tips for Getting into Real Estate Investing:
- The big thing when doing distressed properties is the more research and data, the better.
- You have to find a way to bring value to someone willing to help you.
- A lot of people are afraid to reach out in their local market.
Connect with Greg Helbeck:
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