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035: Don't Judge A Book By Its Cover

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Synopsis

Today we expound upon the old saying that it is not wise to judge a book by its cover.  This is something that hits home in the episode for a variety of reasons.  Chase discussed a few assets that he found in his “backyard” that looked great at first. However, once he did some in person due diligence he found out the deals didn't look so great.  Some of the issue he encountered included: Different property value than BPO stated Assets marked owner occupied, but looked vacant Condition of property different from online images Robby just returned from a long, two day trip to Chicago. While there he applied this principle to some move assets we're looking to buy in the area. He also judged a bit too quickly regarding  two Realtors we're hiring to move some REOs.   Robby talks about two surprises that came up as a result of his upfront “judging” of the agents. This also brings up a point about educating your resources. You want to educate them on what exactly you are looking for when you send them out to view p