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Is Retail Property The Next Big Real Estate Niche?

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on Wednesday, 06 December 2017
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A lot of noise is being made about the dramatic number of stores being closed this year. Could this actually be creating some of the best opportunity real estate investors have seen in the last decade?

Credit Suisse estimates that by the end of 2017 almost 9,000 retail stores will have been shuttered. That’s a new record, and almost 50% more than in 2008. Some are calling it the ‘retail apocalypse’. Even major mall operators like Simon are panicking, and are trying to sue brands like Starbucks to keep stores open to avoid their assets turning into zombies.

Wherever there is distress there is opportunity. When there is a need, there is a demand for help. The game has changed for retailers. The Amazon impact is now in full effect. That’s not a trend which is going to be reversed in the foreseeable future. Retail investors, property owners, asset managers, and the banks they owe loans too are all eagerly looking for solutions.

Experienced real estate investors should recognize this as a spectacular moment to step up. Neighbors, cities, and other area business owners don’t want these properties to wind up boarded up, and a blight on their own finances. Yet, real estate itself is in more demand than ever. Re-positioning may be a must, but it can be done. There could be a chance to negotiate great deals on these assets, and to convert them into something more needed and valuable.

In some cases that may be a new generation of shopping plazas designed to serve online shoppers and to provide community entertainment spaces. In others places it may be time to convert these dinosaurs into mixed use properties, apartment buildings, and condos. Individual investors don’t have to have all the cash and expertise to do it all themselves either. Loan notes and the bricks and land can be bought and flipped just like residential real estate. Or partners with more experience can be brought in.

What do you think about the state of retail today? What’s the future of these properties? Who do you know that could benefit from selling, buying, and investing in retail properties?

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New Tax Plan Makes Property Wholesaling Even More Attractive

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on Thursday, 30 November 2017
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The new tax plan could make property wholesaling even more attractive to more investors by 2018.

A barrage of attacks on common tax breaks in the new tax plan could dramatically change the profitability of many individuals’ current investments and financial plans. It might even have much larger and broader impacts on where people live, the types of properties which are in demand, and not, and more. Hyper-versatile real estate wholesaling could be the solution many are looking for in order to avoid the pain, and expertly navigate and profit from the new property marketplace.

Most people have never seen so many changes that directly impact real estate in their lifetimes. Even in the 2008 crisis, there were really only a couple of factors to deal with, even though they were of epic proportions. Under the new tax plan which is expected to begin being phased in by 2018, individuals, investors and homeowners could lose many of their most relied upon tax breaks. That includes property tax and mortgage interest deductions. On top of that many may find they are being double taxed on at least part of their income, due to the repeal of the state income tax deduction. Capital gains tax laws are changing too, which could be a much bigger hit to those who buy large residences and resell within 5 years. Then there are changes like the big boost to the child tax credit which may influence household sizes over the years ahead. On the bright side, business taxes are expected to go down. At least starting in 2019.

Basically, there may be a big shake up in where people want to live, can afford to live, how big of a property it makes sense to buy, or not, and even how they choose to earn money. That can be scary as a buy and hold rental property investor, or rehabber dealing with luxury homes or micro-lofts. However, wholesalers get to be in and out of deals super-fast, insulating them from any coming market changes. They can ride the waves up and down in various markets, or hop from one to the next relatively easily.

As a property wholesaling business owner, there may even be more profits ahead due to lower corporate taxes. Plus, with the availability of 100% financing for these deals from Best Transaction Funding, your ROI or cash on cash returns are through the roof, while risk is almost non-existent.

How will the new tax plan change how you invest and live?

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Make It Cyber Monday Every Day, With Virtual Wholesaling

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on Thursday, 23 November 2017
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Is virtual wholesaling what you need to make it feel like Cyber Monday, every day?

Cyber Monday is one of the biggest shopping and sales days of the year. Billions of products are bought and sold on this day each year, and the numbers are only growing. It has been severely underutilized by the investment and real estate industry, but holds massive potential for investors. If only every day was like Cyber Monday, investors could be finding a lot more deals, and moving a lot more inventory.

Virtual wholesaling could be the ideal strategy for investors who want to increase their business, and incomes, with the ease of shopping and selling online.

This is also the perfect real estate strategy for those who may have been reluctant to invest before, or who feel held back from their full potential by thinking they have to do certain activities they don’t really care for. Not everyone is an extrovert who loves working on the phone or in-person networking and sales. Others hate the hands on maintenance and tenant hassles and liabilities associated with traditional fixing and flipping or DIY landlording. Some would rather just use email, a mobile phone, or a website and outsourced assistants to make money in real estate. All those are options with virtual wholesaling.

One of the biggest benefits of this approach that may mean the most to many investors is the freedom to invest anywhere, from anywhere. It means you can profit from the most profitable markets as they change, yet live and travel wherever you like.

Wholesaling is also considered the lowest risk real estate investment strategy. It enables investors to get in, out and paid in just days or hours. There is no exposure to market changes. No worrying about getting stuck with a dead weight property.

Perhaps most importantly, wholesaling offering many financial and liquidity advantages. It doesn’t matter how much money you start out with. Sooner or later it gets tied up if you are paying cash for properties or plow it into rehabs. With transactional funding investors can use 100% financing, without needing to tie up their credit, waste time with conventional loans, or burn resources trying to raise private money.

It may not be for everyone, but there are many advantages and perks of virtual wholesaling. If you are doing any shopping this Cyber Monday, or wish your bank account was a little more flush, it’s worth thinking about this as a strategy.

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Real Estate Marketing: It’s Time To Automate It

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on Thursday, 16 November 2017
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The automation of marketing is really going to separate the winners from the rest in real estate in 2018. What can investors do to streamline their businesses, stay in the game, and grow?


The Importance of Real Estate Marketing Automation


Real estate investors and businesses must automate as much as they can, especially in marketing and customer service. These departments are jammed with repetitive tasks, that can suck time, and don’t always deliver the best ROI on it.


Automation can streamline the management of these parts of your business. It can free you up to work on more important money making tasks, help you get better returns on any labor you have others putting in for you, facilitate faster and larger growth, and maximize your marketing budget. This can all dramatically increase both the top and bottom line, while making what you do a lot more enjoyable.


So, what should investors be automating?


Email


Investors must have some type of email marketing automation software. You need follow up emails, autoresponders, newsletters,marketing emails and alerts to new opportunities. Once you plug these into a good system, it slashes your workload, and makes it much easier to grow and convert leads. Infusionsoft has grown in popularity, but Mailchimp is still among the most affordable, easy to use, and easy to integrate with websites, forms, and landing pages. Done right, recent stats show that email is 3x better at generating leads than social media, and leads to higher sales.


Outsourced Workers


Outsourcing to remote workers is now far more common than hiring locally. It offers a lot of efficiency. After all, we still can’t effectively automate everything without humans. We still need original content, and human experts to decipher the big data. However, there is a lot that investors and business owners can do to automate this work as well. Consider creating briefs for different roles and types of content, which act as template guidelines. That ensures you get what you want the first time around, and it is uniform with your branding. It’s also seamless if you need to switch staff or have a temp stand in. Some really bog themselves down in managing remote teams too. They send everything one piece at a time, and set themselves up to have to go in and set up new milestones or make payments throughout the week. All of which can disrupt more important work and closings. Or they end up not being consistent with marketing. It’s far better to hire better teams, give them a big deposit, or put them on an automated hourly system, and just let them crank away in the background, while you get on with closing the sales.


Automating the Phone


The phone is still a powerful tool in real estate. It’s just that the best practices have changed. New tech enables real estate marketers to blast text messages in bulk, and even drop voicemails in inboxes without risking being bounced by callers who reject strange numbers. When integrated with your CRM, all of your calls and reminders get stored in one place, with call data getting automatically recorded. That again saves time, saves customer frustration because you can easily see their history, and enables you to help them better on the fly.

How are you automating your marketing?

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Say Goodbye To Your Financing Struggles By Using Transactional Funding

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on Wednesday, 08 November 2017
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Tired of the challenges of trying to raise private money, finding good investment property lenders, and juggling funding? Transactional funding could crush all that worry and stress, and make it 100x easy to make money in real estate.


Funding continues to be the biggest challenge in the real estate investment space. From brand new investors looking to get into real estate to already successful rehabbers and landlords, it’s all about the money. There is always a need for more capital to make new acquisitions. No matter how much you start out with, that cash can get tied up pretty quickly.


Unfortunately, the mortgage market really hasn’t caught up. Although new lenders have popped up, funds have been advertising their capital and flowing some through conduits and crowdfunding portals, the underwriting criteria and LTVs and reserve requirements just aren’t on par with demand and investor needs.


Transactional funding and integrating or switching to a wholesale strategy can solve those problems, fast.


Best Transaction Funding offers 100% financing for real estate wholesalers. What’s even better is that this can be done with no income, asset, or employment check. It’s just fast, easy financing you can close with in just days.


It’ll take your ROI to a whole new level. And you can keep pocketing your profits, and using new transactional funding again and again. It takes you from only being able to to a couple deals a month, to many, while ripping open the potential to scale your real estate investments and business.


It’s crazy how many are struggling to get started, grow, and to keep on going, when this capital is readily available for use now. If you’ve been frustrated with your finance flow, or know investors who are; try it out, or recommend it to them...

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Why More Investors Are Switching To Wholesaling

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on Wednesday, 01 November 2017
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Why are more investors moving into real estate wholesaling?


There are many ways to invest in real estate. So, why are more investors turning from rehabbing and flipping or rentals to wholesaling houses?


Looming Tax Changes


The coming tax tsunami which has threatened to strip away common tax deductions like mortgage interest and property taxes paid could make it far less attractive and profitable to own rental homes by 2018. Wholesaling houses offers a way to get in and out, with great margins, and virtually zero holding costs.


Bigger Paydays


Not many people are really getting rich on rentals. It can take controlling a lot of property to generate a decent income from rents. You might need 20 average rentals owned free and clear to deliver the same amount of cash in one year, that you can make on a flip deal in one month.


Perfect for the Changing Market


While there is no telling when the market shift will officially be called, it is pretty clear that there are changes happening. No one wants to be left holding the hot potato like back in 2006. Wholesaling is the perfect strategy for both declining markets and rapidly appreciating ones.


Lower Risk, Higher Returns


Compared to being a lender, being in construction, or being a landlord, wholesaling is far less risky. Yet, the returns, especially on a cash on cash basis when using transactional funding, or an annual basis can easily blow away the ROI on rentals or private lending.


It’s Scalable


You can do far more wholesale deals in a month than you can acquire and manage rental units, or renovate houses. It’s also far easier to scale back when you want to go on vacation, are ready to retire, family emergencies arise, or the economy calls for it.


Why do you wholesale?

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Real Estate Investing & The California Wildfires

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on Thursday, 26 October 2017
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Recent California wildfires have displaced thousands of residents. What help is available? How can real estate investors lend a hand?

The latest round of CA wildfires have dealt what may be one of the most catastrophic seasons on the state, with new record costs, and thousands forced from their homes. According to the state government website, 2017 has seen almost twice the average amount of acreage burned, with damage that could cost at least $1B, if not close to $5B. This includes around 8,500 residential homes which have been damaged or burned down.

The IRS has responded by extending some tax deadlines for those affected until January 31st, 2018. Victims may also be eligible for FEMA of up to $34,000 to help with funeral costs, emergency hospital bills, and housing expenses. There are also going to be a variety of agents and real estate investors looking to help house those displaced, and to offer quick sales for those who don’t want to, or can’t hang on and rebuild their homes.

A new report from UpNest shows data that suggests recent years of fires have not have much impact on the state’s property prices or demand. Yet, there are clearly many property owners who have lost everything, are still struggling to get back on track years down the line, and whose land is still badly scorched. The most immediate impact for real estate appears to be even worse lack of available housing, and rocketing rental and housing costs.

There is a huge need for fast acting real estate investors who can go in and help owners liquidate fire damaged homes, as well as for rebuilding and renovating them. Real estate wholesalers can play an urgent and much needed role in this, by finding, contracting to buy, and providing inventory to other investors who have more time and capital to reposition, remodel, and build. While fire damage and burnouts can typically be a roadblock for traditional mortgage financing, wholesalers can use Best Transaction Funding to acquire and flip these houses to cash buyers and those with flexible credit lines, that don’t rely on property inspections.

Summary

Data suggests that California housing prices are not likely to be slowed by recent fires. There is a big need for housing, and funding is available for fast flips. Wholesalers can help out by getting product in front of those with the time, money, patience to rebuild or rehab, while giving sellers the quick cash they need.

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Avoiding Mortgage Lender Scams In 2017

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on Thursday, 19 October 2017
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Mortgage scams are far too common again. What do real estate investors need to watch out for now?


There are significant threats from mortgage scams in 2017. Some are old classics, and others are new. Investors need to educate themselves, be on the alert, and skillfully avoid them, if they are going to keep growing their finances. Here are some of the common ones to be on the lookout for today.


ID & Wire Theft


One of the biggest threats today is identity theft. This can be a result of the recent Equifax hack, or perpetrated through email phishing scams. Criminals may try to take out loans in your name, redirect funds that are supposed to go to closing, or hijack bank accounts, and clear them out. It is important to keep an eye on your money and credit, and to double verify any wire instructions, before sending money.


Upfront Fees with No Closing


Some inexperienced loan officers and bankers are just bad at processing and closing loans. Others may be making big sums by charging upfront fees, and never delivering a loan. Either way, it gets expensive fast. Make sure you are working with a lender who is a good match, and has a good ratio of applications to funded deals.


Bait & Switch


Bait and switch scams are some of the oldest, and most aggravating. Lenders reel in borrowers by underquoting them on rates and fees, and then when they know the borrower has little choice, is worn down, or will lose more money by not closing, hikes those rates and fees at the last minute. Make sure you know what the final terms are before you go to the closing.


Broker Chains


WHile not technically a scam, it can be when presented wrong. Many new sites and lenders are popping up, claiming to be direct lenders with lots of their own capital. Many simply plan to send your deal to another mortgage broker, or shop it on various crowdfunding platforms and get others to fund your deal. They may have no money to lend, and no influence in the process. This can be highly frustrating to borrowers who have to deal with many parties to get their loan underwritten, or who are given the runaround for weeks or months, before the deal falls apart.


Insurance Scams


Leading up to the foreclosure crisis forced placed insurance scams by lenders and loan servicers put many property owners into default, or cost them thousands of dollars on individual properties. With 2017’s record setting storm activity many may also be finding lenders trying to hold onto their insurance claim checks. If there are two counter signatures required for a check to be cashed, lenders may try to keep that money, and find a way to apply it to your loan, instead of providing you the funds needed for repairs. Have the lender sign first, and send you the check.

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Tips For Streamlining Your Wholesale Property Flips

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on Thursday, 12 October 2017
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How can real estate wholesalers streamline and be confident in flipping their deals fast?

Wholesaling is recognized as the least risky, fastest, and often most profitable way to make money in real estate. How true that is for individual investors will depend a lot on how they do it. The following tips can streamline the process and help deals to really stick.

Be Sure About Your Numbers

To build a reputation that allows you to do high volumes of repeat business, fast, and to keep your deals together after you’ve inked them with buyers; make sure the numbers you are presenting are right. That includes values, approximate repair costs, holding costs, and potential rents.

Avoid Quirky Properties

Some properties will be very difficult for your end buyers to finance, and for future buyers to get financing on. You don’t want to be stuck with them, or for your buyers to be stuck in that position either. This probably includes units with abnormally small square footage, and those bordering on commercial or industrial real estate zones.

Insurable Title

Property titles are a mess in the wake of 2008. Many have numerous red flags. That can present financing issues, may scare off savvy buyers, or cause problems down the road if there are challenges to title.

Cash Buyers

Sticking to cash buyers for your wholesale deals can remove a lot of risk and speeds things up. It may not always be viable, and may not be faster if there are a lack of cash buyers. Yet, it can remove issues with lenders approving your inventory. You can also get an edge here by continuingly education yourself on evolving lending criteria, so you know which banks and loan programs will really fund certain deals, or not.

Transactional Funding

Using transactional funding for your deals can help you stay liquid, do more deals at the same time, eliminates barriers associated with traditional underwriting, and speeds up funding, with closings possible in just a few days.

Summary

 

Wholesaling is great, if executed well. Leverage these tips to minimize risk and headaches, and to maximize how much business you can do, and increase efficiency, so you net more profit.

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Wholesaling Houses: 5 Things That Separate The Best From The Rest

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on Thursday, 05 October 2017
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What separates the best and most successful in wholesaling houses from everyone else?

Many are being attracted to real estate wholesaling. Yet, there continues to be a big divide between the few who are doing 80% of the business, and the masses kicking around deals without much in the way of results. What do top performers do differently?

Think Big

The most successful house wholesalers are typically those that think the biggest. They aren’t looking to make $100k per year. They are looking to make $100k or more per month. They don’t shoot for a handful of deals per month. They are looking for 10 plus deals each month. They have really big visions.


Serious About Finding Good Deals

Great wholesalers are serious about finding very good deals. They are looking for deep discounts, and fat spreads. They are also looking for houses that they can resell. They are looking for 100% returns, $100k spreads, not just a handful of bills, nor deadbeat properties that are just going to be a nightmare.


Care About Presenting Good Deals

One of the biggest differentiating factors is that they care about being able to present good deals to their buyers, and are willing to invest the time and effort in that presentation. They know that their success and ability to stay in the business relies on it. If they just throw up properties that have big lurking issues or un-insurable titles, they are going to burn their buyers bad. At best they’d lose their reputation and any chance at repeat and referral business. Solid wholesalers want their buyers to be profitable. They want them to succeed, and come running back for more, and for them to easily be able to make a good decision based on the information provided.

They Understand Real Estate Financing

This will make or break investors. There are a lot of nuances in mortgage financing. Wrong assumptions have bankrupted many new investors. Those with the best understanding of it have the ability to move with confidence, and complete deals others can’t.

Invest in Building a Great Brand

In order to have more negotiating power, to have prospects seeking you out, to win great investors and vendors, and to hit full potential, you’ve got to build a brand. It has to be memorable, recognizable, and carry value. Leading wholesalers do this by giving their branding the thought it deserves, bringing in a great team, and putting out quality materials.

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Real Estate Wholesaling: Quick Tips To Start & Run A Lean Business

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on Thursday, 28 September 2017
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Want to get into real estate wholesaling, or just run a leaner business with more profit? Check out these quick tips…

 

Trim the Fat

 

There are many bills and expenses we accumulate that are really unnecessary, which can eat up a lot of profit, and can slow down growth. Real estate educator Larry Goins says that you can even flip houses today just using email. No phone needed. With free Wi-Fi growing, you may even be able to survive without an expensive phone service or contract. Just a phone, and using free internet to get online, and using Skype or Facetime for calls if you really feel you need to.


While you may want a laptop or tablet as well, know that you probably don’t need a top of line Mac. You can get by with something basic, and a backup device or two. A Dell or Acer will work just fine.

Some millionaire real estate agents are even ditching their cars in exchange for Uber.

Where You Live

Where you live can also make a massive difference in your net gains. You no longer need to live where you wholesale real estate. You can do it remotely from anywhere. Take advantage of that. You can live in Detroit dirt cheap and flip million dollar houses in the Hamptons. Or you can live in Nicaragua or Mexico and flip houses in Florida, Ohio, or California.

Find the Buyers First

Instead of finding the inventory, and then carrying the weight and just hoping you can sell, find the buyers first. Then you are essentially pre-selling and filling pre-orders.

Use Transactional Funding

Use Best Transaction Funding finance your deals, and back to back flips. That way you are in out and paid in hours. You can also get your closing costs and 100% of the funds you need covered.

Find the Best Markets

Find markets and motivated sellers that allow for least out of pocket expense. It’s traditional in some markets to have to put down a big deposit, and appraisal and inspection fees can be far higher on some properties than others. Find those that let you operate with as little risk as possible.

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Real Estate Financing: How Access To Credit Fuels Grow & Recovery

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on Thursday, 21 September 2017
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How does access to credit and various types of real estate financing affect recovery and growth?

Availability to capital and credit has proven to be critical for working through crises, fueling the economy, and growing the housing market. We saw this before and after 2008, when comparing US growth and economic strength to other countries, and we’ll see it again in the next few years. There may be additional challenges given the recent hurricanes and Equifax data hack, as well as the affordability crisis the US housing market has been dealing with. Access to these four types of credit may prove to be instrumental in where we see the best recovery and growth next.

Affordable Housing Loans

Fannie Mae has said it expects to blow through its lending caps this year, primarily thanks to backing more affordable housing loans for multifamily properties. While not all the units in these new and redeveloped buildings will be affordable rentals, and rents are sure to keep going up, we should expect more growth where these loans are being made.

Airbnb Mortgages

With housing costs so high, and short term rentals in so much demand, a lot may demand on where Airbnb landlords can operate and get specialized financing. We are already seeing some lenders begin to tailor programs to buyers of short term rentals, or like in Seattle; down payment assistance programs for those who will list part of their new homes for rent.

Hard Money Rehab Loans

Between the millions of vacant and foreclosure units in the US, and the millions impacted by the recent string of hurricanes, access to asset based rehab lending will be critical and pivotal in which locations are able to rebuild and bounce back.

Transactional Funding

Even with all the above, there is still a significant gap between the supply and demand. Those with best access to the supply may not want to engage in rehabbing or hold long term. Those that do want that may not have front line access to the best deals. This is where real estate wholesalers come in. With continued access to transactional funding they can connect the supply and demand chain, and help both sides in greater volumes, faster.

Keep an eye on the markets where these types of real estate financing are becoming available. They could offer some of the best opportunities, be first to rebound, and provide investors the best growth prospects.

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Equifax Hack Could Make Real Estate Wholesaling More Important

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on Thursday, 14 September 2017
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Mega data hack at Equifax could make real estate wholesaling even more vital to numerous individuals and families.

The massive recent data hacking scandal at credit bureau Equifax could shake up the finances for millions of Americans. Could wholesaling real estate be a solution for putting your finances back together?

50% to 100% of Americans could have had sensitive data stolen through the Equifax data breach according to cybersecurity experts. That means hundreds of millions of individuals who could have their identities stolen, credit histories destroyed, and bank accounts emptied. Experts say it can take over a year to fix this issues, if they are ever fixed.

In the meantime many may find they are unable to get jobs or promotions, can’t rent new housing, and don’t qualify for traditional home loans. This is on top of the recent losses caused by major hurricanes Irma and Harvey.

Real estate wholesaling stands out as one of best ways to get back on top of finances. It’s fast, can produce quick results and big paydays, and perhaps most importantly - does not rely on having good credit or using your credit to qualify for financing. For these reasons many who find they need a new career, or an alternative real estate investment strategy in order to cover financial gaps, replace losses, and carve a new path forward may discover they have few other options.

There are still substantial opportunities to wholesale real estate across America. This can include single family homes, as well as commercial properties. Expect there to be more activity in this part of real estate over the next few months and years. While some may be able to hang on with current savings for a little while, the more time that passes, the more who may be impacted by the above factors. Those who are first to establish themselves in wholesaling will definitely have a great edge.

Have you been impacted by these factors already? Have you considered wholesaling?

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7 Tips For Preparing Properties For A Hurricane

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on Thursday, 07 September 2017
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Hurricanes present a serious threat to lives, business, investments, and properties. Much of this risk can be minimized if investors and property owners are properly prepared. It is always better to err on the side of safety.

Check out these seven quick tips for protecting your properties, personal belongings, and yourself and family…

Watch Evacuation Notices

Evacuation notices cannot be taken lightly. Keep tuned in to advice, and consider evacuating even when it is not mandatory. The key is getting out ahead of the storm. You’ll want to secure your properties, pack up, and head out at least a week before if possible. Otherwise plane tickets will be sold out and prices will be jacked up, as in Miami ahead of Irma. Or roads will be no more than parking lots, hundreds of miles long, with no gas or supplies. By staying you not only put yourself at risk, but your family, emergency workers, and anyone else who has to try to come save you.

Trim and Clear Landscaping

A big percentage of damage to properties is done by trees and debris in yards. Trim landscaping, and make sure anything which can be used as a projectile by the wind is secured.

Board or Shutter Windows

With an increasing number of major storms, which only appear to be getting stronger and setting new records in strength and damage, make sure you cover windows. Don’t rely on promises of strong glass alone. Get them secured early while you can, and while supplies and contractors are available.

Get Sandbags

Much of the damage from hurricanes isn’t the wind, but flood waters from the rain and storm surge. Sand bags can be a huge help in keeping the water at bay.

Turn Off Utilities

You may also want to turn off your main electric breaker and water at your property. This may help the power company get you back on faster after the storm, and prevent more damage and danger.

Move Vehicles

Vehicles can easily be flooded and used as projectiles by the wind too. Progressive notes that even moving them a few feet to higher ground can help. Some local parking garages may offer free storage during storms as well.

Document Condition

Be sure to carry all of your documents with you. This includes; homeowners, flood, windstorm and title insurance, title deeds, and the attorney you will use to get your claim from the insurance company. Take photos and video of your properties before the storm to help document damage and file claims.

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Major Storms Highlight Benefits Of Wholesaling Real Estate

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on Thursday, 31 August 2017
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Hurricane Harvey has wreaked havoc on the US. The impact will likely be felt by many for months and years from now. There are no words that can really heal those pains in the short term. The tragedy of loss of life and injuries cannot be minimized. Yet, this, and other disasters remind us of the benefits of wholesaling real estate, which could also be an essential tool for helping the affected to bounce back and get ahead financially after this storm.

The loss of homes, rental property investments, businesses, and income in the wake of Harvey is massive. Many won’t get insurance payouts. Those that do will often find it is too little, far too late. The gap in between can be financially crushing, with lifelong, and even multigenerational consequences. It can be devastating.

This is one of the reasons that savvy real estate investors love wholesaling. They are in and out, and paid. Typically within days, if not just a few hours. That dramatically reduces the risk of loss from natural and manmade disasters. You are out and paid before a storm can wipe you out, wreck your rehab work, or the market can change on you. There are many other benefits of wholesaling real estate too, but these cannot be underestimated right now.

Among the other advantages is the fact that it is very easy and fast to get into wholesaling. You don’t need lots of cash or great credit. You can even start bringing in lump sums or great cash flow in 30 days or less. This makes it one of the best ways for those impacted by hurricane Harvey to bounce back. If you lost a home, investments, a business, or you can’t work, wholesaling may be the one thing that saves you and your family financially. It could also prove to deliver far better income and lifestyle freedom than you’ve ever experienced before too.

Find out more about real estate wholesaling, and get in touch with Best Transaction Funding today to get approved for 100% financing on your next wholesale deal. Even if you just lost everything.

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3 Ways To Overcome Your Fear Of Financing

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on Thursday, 24 August 2017
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Many real estate investors are allowing themselves to be held back by a fear of using financing. Here’s how to beat that…

Both would-be investors and already active investors can be held back by a fear of using financial leverage. They may fear being in debt, not want to take a hit by having their credit pulled, or just don’t trust the big old banks to pull through or treat them right. These are all understandable concerns. Yet, they don’t have to hold real estate investors back from their goals.

Realize That Leverage is a Must

Leverage is a must for many reasons. It can actually lower risk, help increase diversification, and is vital for 99% of the population to reach their financial goals and needs. Even if your income is great right now, it is essential to create a financial cushion, and build a nest egg for retirement. Only the top 5% of savers may have more than $250,000 in retirement savings. That’s just nowhere near what it going to take to retire today. Once you realize, leverage is a must, it is just a matter of finding the right type that fits your risk tolerance and values. And there are plenty of good options out there.

Non-Resource Loans

Avoiding bad personal debt, or depleting your credit score is smart. Yet, there are non-resource loans and business purpose financing options which don’t require to personally guarantee repayment. These loans are asset based. Either based on the value of the property, or its income production. There are mortgage lenders who offer these options, as well as private lenders who may be approached with your opportunities.

Transactional Funding

Transactional funding is one of these forms of financial leverage. Used in real estate wholesaling, transactional funding means you are in and out of the loan in just a matter of hours. With your deals pre-sold, you already have your exit. Best Transaction Funding requires no credit check, no income verification, and no appraisal, making it one of the fastest, surest, and most efficient types of leverage.

Get in touch and get your Proof of Funds Letter today…

 

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The Best Real Estate Strategy For Starting Out?

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on Monday, 14 August 2017
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What is the best investment strategy for those just starting out in real estate?

Real estate has a place in everyone’s finances. It may either be the primary means of making money and building wealth, or just a core investment which provides essential diversification. So, what’s the best way to get started?

The truth is that the best real estate investment strategy for you may depend on several factors. That may include; the resources you have to start out with (time, money, credit, and skills), and what you like to do. Here are three of the most common and sound ways to get going.

Turnkey Rental Property Investing

Turnkey rentals can be ideal for new investors. They don’t require much time to source, secure, and manage. They don’t require you to be an expert in all areas of real estate. Great providers can bring you quality investments, and handle everything for you. You just put up the money, or combine a down payment with investment property financing.

Private Lending

Those who have a good amount of money to invest may find private lending even easier than rentals. You simply provide your funds to active investors who go out and take all the big risks and do the hard work. You get a set rate of return. This can be done by investing in notes, or negotiating individual loans directly with front line investors. This gets even easier if you invest through a sold asset manager or mortgage broker.

Real Estate Wholesaling

For most, real estate wholesaling stands out as the best initial strategy. It is far easier, and less risky than fixing and flipping houses. It doesn’t require the expertise or substantial capital needed for private lending or buying and managing rental homes or apartments. Wholesaling is faster to learn and can help new investors master the basics, with the smallest amount of risk, and for the fastest returns. It is perfect for those light on resources, and who need to start generating cash fast. It can either be used as a stepping stone to other types of investing, or can become a seven figure plus business.

Summary

There are several great strategies for getting started in real estate. This includes; turnkey rental property investing, private lending, and wholesaling. What’s best for you depends on what you like, and how much time and money you have to begin with. Those thinking about wholesaling can get a free approval for up to 100% financing on their first deal with Best Transaction Funding.

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25 Real Estate Niches For Wholesalers

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on Thursday, 10 August 2017
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Having a niche is important in real estate. There are many more to choose from than most think. Here’s 25 to consider…

Probate and inherited properties

Single family homes

Waterfront condos

Houses with docks and boat slips

Townhouses and gated communities

Cheap and affordable real estate

Green and sustainable homes

Smart homes and technology

High end luxury real estate

Cabins in the mountains

Beach area cottages

International properties

Multifamily apartments

Vacant lots and land

Commercial office buildings

Retail shopping plazas and malls

Mixed use properties

Industrial and warehouse

Income properties

Condemned units and teardowns

Urban micro-lofts

Pet friendly properties

Co-ops

Ranches and rural

Mobile and manufactured housing

Start by finding a good fitting niche for your talents, connections, and what you are passionate about. Dominate that. Become the expert and go-to resource for sellers and buyers. Then expand geographically or into other verticals which can help diversify your income streams, or help feed your lead funnel, or convert missed opportunities.

You can do this all under one brand, or use multiple brand names to really connect with prospects and elevate marketing ROI. There are plenty of choices, and you can mix, match, combine and overlay the above niches, and blend them with other things you are passionate about. For example; Affordable waterfront golf course townhomes in South Florida.

What’s your niche?

Authored by Best Transaction Funding. Where real estate wholesalers come for 100% financing, fast cash, and easy closings for highly profitable transactions. Get in touch and get your Proof of Funds letter so you can make more offers today.

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Top Choices for Financing Your Flips

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on Thursday, 03 August 2017
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Top Choices for Financing Your Flips

Short-term real estate investors have to navigate a number of different challenges when it comes to fix and flip funding. Capital is necessary to purchase the home, but it's also necessary for renovations. When it's time to buy a property, fix it up and sell it for a profit, you need to know where to get your funding from.

Using a Fix and Flip Loan

One of the major sources of funding for flips is a fix and flip loan. These come in a variety of forms including:

Hard Money Loans - These are great for all flippers needing quick money, but expensive.

Home Equity Line of Credit - Works well for flippers using an owner-occupied home as collateral.

Cash Out Refinance - A great way to use equity to invest in a new property.

Long-Term Bank Loans - A good choice for buy-and-hold investors, but not great for short-term fix and flip projects

While a loan may seem like the obvious answer, it's not always easy to get the money you need from a bank or conventional mortgage lender.

Partners

Another option is to partner with someone or with a group willing to fund the projects. Sometimes, you can partner with your attorney, doctor or even an investor in the stock market for the funding you need. However, this usually means you will have to split the profits, but it can get you the funding you need to buy and renovate the property.

Transactional Funding

A shorter-term loan used by fix and flip investors, transactional funding provides the necessary funding to acquire and quickly wholesale a property. The loan is usually for hours or days and is one of the easiest to obtain.  Transactional lenders will usually fund 100% of the acquisition costs, and closing costs. No credit, appraisal or asset verification may be needed.

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Real Estate Wholesaling: Should you Find Better Deals or More Deals?

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on Friday, 28 July 2017
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When you're a real estate wholesaler, it's easy to get sucked into finding more deals and not worrying so much about the quality. However, there has to be some type of balance between the two, especially if you want to automate the business or only wholesale real estate part-time. Here's a look at whether you should be looking for better deals or more deals.

Quality over Quantity

The business of wholesaling can have the model of doing volume deals, high dollar deals or a mixture of both. When you buy low and sell higher, you can create attractive spreads, which can bring in a nice income. Higher dollar deals traditionally make you more money, but finding lower dollar deals may be easier.

When your margins are thinner, you can flip deals faster. The other option, however, is to demand a large payout and worry less about finding as many deals. It's also about how much you want to make, as some wholesalers are happy with $10K a month, while others want to make far more.

It's up to you to choose whether you want to run a volume business or one with higher quality deals. There isn't a right answer, but figuring out what works best for you will depend on your specific needs, wants and situation.

Increased Volume Equals More Income

Even with lower end deals, you can fly through inventory and do more volume. This can lead to more profits, but it also means more work. Will you be happier doing 200 deals a year or 20 deals and making the same money?

It's also important to know that just because you have more inventory doesn't mean you will make more sales. You still have to find the buyers and you have to be willing to make a deal with them in order to get the inventory sold. This is part of why some wholesalers will only work on a few deals at a time and not continue to take on new properties, if they have a full inventory.

Choosing Higher Priced Deals

While going the volume route will probably mean more work, going the higher priced route may require more mastery of your market. You will need to know how to get that property sold because it doesn't benefit you until it's sold. It can also be harder to find deals in a higher price range.

Whether you choose quality or quantity, you can make plenty of money with real estate wholesaling. Many wholesalers like to balance it out and they will take just about any deal they can find. Once you figure out which is best for you or if you prefer a balanced process, it's basically all about finding deals, finding qualified buyers and getting the properties sold.

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