808: This “CARFAX for Properties” Could Change EVERYTHING About Investing w/Sheila Fejeran and Teresa Grobecker

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 22 August 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. In This Episode We Cover: How the “CARFAX for properties” will make buying rentals painless The blockchain explained and how it will evolve the entire real estate industry Uncovering unknown property risks and how investors can use Consortia to buy even better deals Stopping wire fraud in its tracks and how blockchain could solve this HUGE payment problem Why you should NEVER, ever decline title insurance on a property purchase And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate Learn More About Consortia Connect with Sheila and Teresa: Sheila's Facebook Sheila's Instagram Sheila's LinkedIn Teresa's Facebook Teresa's Instagram Teresa's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-808 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Podcast Show 808.
0:04.0	I think everyone realizes there needs to be a change.
0:07.0	I think David mentioned earlier about the archaic system
0:10.0	that has never changed since the beginning of really great time.
0:13.0	Right.
0:14.0	And we are actually bringing about all of that change.
0:17.0	What's going on everyone?
0:18.0	This is David Green your host of The Bigger Pockets Real Sleep Podcast
0:21.0	here today with my co-host, Rob Abbasolo,
0:24.0	bringing you show number 808 like Hawaii's area code.
0:27.0	Rob was the last time you were in Hawaii.
0:29.0	It was about three years ago.
0:30.0	Oh, no, no, no.
0:31.0	It was like four years ago.
0:32.0	It's been a while.
0:33.0	It's been a while.
0:34.0	It's actually where I read Burr, by the way.
0:36.0	Fun fact for you, my friend.
0:38.0	Was it Hawaii?
0:39.0	Was it in Maui?
0:40.0	Nice man.
0:41.0	That's maybe where it was conceived actually.
	...

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