Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game. Your real estate agent, inspector, and title company do their best to ensure you’re buying the right home, but a few months, or weeks, into owning it, something breaks. But not something small—something huge. Now you’re on the hook for tens of thousands in repairs, and this is just one of many things that could go wrong.
What if there was a way to see EXACTLY what a home has been through since it was built? What if you could know about every past owner, system malfunction, renovation, repair, or addition to the home? And what if you could access it in seconds when analyzing deals? Sheila Fejeran and Teresa Grobecker from Consortia are building the technology that lets you do just that.
Consortia is real estate on the blockchain. But before you start thinking crypto, know that this is something MUCH different. Consortia gives interested parties—lenders, agents, buyers, and more—access to information you would have NEVER known about a home. But that’s not all. Consortia makes closing and lending quicker, so you can buy a house FAR faster than ever imagined.
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Show notes at:
00:00 Intro
02:24 Quick Tip
02:59 Two Investing Veterans
06:56 The "CARFAX" for Properties
11:45 This Could Change Everything
19:53 Homebuying Will Be WAY Easier
23:12 Say Goodbye to Wire Fraud
31:58 Do You Still NEED Title Insurance?
35:32 Close Even Faster
38:52 Big Benefits for Investors
45:36 When Could This Happen?
50:55 The Future of Currency
55:16 Connect with Sheila and Teresa!
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By: BiggerPockets Title: This Could Change Real Estate Investing Forever Sourced From: www.youtube.com/watch?v=PlUhwHoQqrQ
