BiggerPockets Real Estate Podcast - This Could Change Real Estate Investing Forever

Episode #808 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. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate: https://www.biggerpockets.com/blog/bitcoin-will-change-everything?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Learn More About Consortia: https://reconsortia.com/ ~~~~ Connect with Sheila: Facebook: https://www.facebook.com/SheilaFejeranRealEstate/ Instagram: @fejeransheila or https://www.instagram.com/fejeransheila/ LinkedIn: https://www.linkedin.com/in/thefejerangroup/ ~~~~ Connect with Teresa: Facebook: https://www.facebook.com/teresarabenberg Instagram: @teresagrobecker or https://www.instagram.com/teresagrobecker/ LinkedIn: https://www.linkedin.com/in/teresa-grobecker-a63a03202/ ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-808?utm_source=youtube&utm_medium=description&utm_campaign=none 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!