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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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Setting & Achieving Your Wholesaling Goals

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on Wednesday, 24 May 2017
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Real estate wholesaling isn't a hobby. If you treat it as such, you'll probably never achieve your real goals. However, when you treat wholesaling as a business and you set solid goals, you'll have the ability to achieve them.

When you're new to wholesaling, you have to set proper goals to keep you moving forward. Wholesaling is all about finding deals, but there's more to it. Here's a breakdown for setting your wholesaling goals.

Your First Month

As a newbie to wholesaling, it's best to get your feet wet right from the beginning. Find one to three neighborhoods you want to target and start finding some buyers. You don't have to have a list of hundreds or thousands of buyers in your first month. Just find 5-10 quality buyers and you will be well on your way.

Goals for your first month include:

Choose 1-3 neighborhoods to target

Find 5-10 potential buyers

Get the phone number and email for each potential buyer

Your Second Month

You've set the foundation and it's time to start reaching out to motivated sellers. This month, you will start marketing and finding deals.

Goals for your second month include:

Do market analysis and choose your target area

Pull lists from online sources or go driving for dollars to find potential sellers

Choose your marketing methods (direct mail, bandit signs, internet, etc.)

Set up all the necessary details for your marketing

Send out your first mailer, place your first bandit signs and start marketing online

Reaching $100,000 Per Year

If you’re not making this much yet, a good goal for a new wholesaler is to reach $100K per year in income. Then just 10x that to hit your $1M mark. Start with the first two months above and once you have your marketing in order and you're building a buyer's list, you can move on to an actual income goal.

The best way to set your income goal is to figure out the average you will make from a wholesale deal. Then, figure out how many deals you need to do. For example, if you average $10K per month, you only need to do 10 deals to reach $100K.

Once you know how many deals are necessary, it's just a numbers game. Figure out your marketing conversion rate and how many leads turn into deals. Then, just market enough to get the 10 deals you need to make $100K.

Many new wholesalers make it harder than it needs to be. Set up your foundation in the first two months by getting your marketing going and creating your buyer's list. Then, as the deals start to come in, keep track of the numbers. This will allow you to set and achieve your income goals as a new wholesaler.

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Wholesaling Trumps Fix And Flip Real Estate In 2017

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on Thursday, 06 April 2017
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Is wholesaling the better real estate strategy in 2017?

The real estate market is always changing. That makes it smart to have a good mix of tactics to ensure cash flow remains consistent. Fixing and flipping was made cool by reality TV. Yet, current and emerging market conditions may make things easiest for wholesalers in 2017 and 2018.

There are several dynamics in play which may make things more difficult for house flippers and buy and hold investors this year, and looking forward. This includes; rising interest rates, declining rental rates, high property prices, and limited access to credit for retail home buyers.

Data from Zillow and reports from local landlords suggest that rents in San Francisco have been falling sharply. Zillow also predicts property prices there are peaking and will decline later this year. Lower rents make properties worth less. That can also cause havoc for landlords who are leveraged and have loans to cover. At the same time some parts of the country are seeing sellers and agents prices properties wildly high. They are pricing properties based on Airbnb rentals, or may just be throwing listings against the wall and are hoping for the best. While capital may be plentiful for real estate investors, it is still really hard and unappealing for regular home buyers to apply for mortgage loans.

This means some house flippers may find themselves caught with no profit, especially if they are taking extended timelines to fix and flip, or wind up spending too much on rehab. In contrast, wholesaling can work in any market. And there will still be demand for prime property, providing it is priced well.

Just think about what is easier. To put a property under contract for $150,000, that may be worth $250,000 after repairs, and selling it for $199,000. Or taking 3 months and putting in another $30,000 plus in improvements? In this scenario wholesaling would probably still be more profitable. The market for the property priced at $199,000 is also going to be a lot bigger than priced at its full retail ARV. Wholesaling gives the opportunity to get in, out, and paid, fast, with the least amount of risk.

There will still be viable rehab and rental deals out there today, but wholesaling may provide a much needed tactic for ensuring consistent returns and income in the months ahead.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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New Breeds Of Real Estate Loans Could Help House Flippers

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on Thursday, 30 March 2017
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These new real estate loans could help house flippers do more deals…

Capital sources are once again innovating and bringing out new loan programs. Some may be used directly by real estate wholesalers and house flippers. Others can be introduced to retail buyers and end investors to increase their ability to absorb new inventory.

Transactional Funding

Transactional funding has been publicly available to a broader range of real estate investors since around 2008. Yet, it is still seriously underutilized. Many investors are sitting on the sidelines, or are doing a fraction of the deals they could be, due to liquidity challenges. Transactional funding offers easy and fast access to 100% financing for wholesale deals.

Stated Income Loans

While transactional funding may provide the easiest qualifying of all loan products on the market today, it is short term money. A new variety of stated income real estate loans are emerging that could be ideal for helping experienced investors to get back in the game, and to enable active investors to expand their capacity and portfolios. These loans do not require tax returns or W2s, allowing for a faster and lower hassle approval process. Wholesalers should be connecting their end buyers to these financing providers to create more win-wins, and to scale deal flow.

Equity Sharing Mortgages

Lenders have gotten smarter. They may prefer the easy of lending and debt investing versus owning and managing physical assets. However, they also don’t want to miss out and leave money on the table. So, with equity sharing mortgages they are able to provide great financing terms, and get a piece of the equity appreciation as well. These loans may offer more attractive terms to investors, and can give them advantages of having an experienced and connected ‘partner’. Just be clear about the fine print.

Lines of Credit

More and more lending channels are ramping up their offerings of unsecured lines of credit. Lenders and private investors have trillions in capital to deploy this year, and they want it out there working. Unsecured lines of credit are ideal for rehabbers who may need more working capital, as well as the liquidity to jump on new deals while completing projects already in the pipeline. Again, the better wholesalers do at connecting their end buyers with these real estate financing sources, they more valuable they become, and the more business volume they can do.

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Important Mother’s Day Moves For Real Estate Professionals

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on Thursday, 23 March 2017
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Mother’s Day 2017 is coming up fast. It’s an important day, that deserves real estate professionals giving some extra thought to. What can we do to really shine this year?

1. Don’t Forget Your Mothers

Don’t forget the mothers in your personal life. Your mom, grandmother, your sisters that are mothers, your children that are mothers, and all those other mother figures. Being a mother is real work. Like real estate professionals, mothers rarely get a fraction of the praise and thanks they should. Take a day out to spend some time with them, and spoil them.

2. Recognize the Mothers in Your Real Estate Business

Whether you are a solo Realtor or real estate wholesaler using a team of remote workers, or you are a CEO with thousands of square feet of physical office space and in-house employees, there are many mothers who are involved in your success, and the success of your clients. Maybe they directly work for you. Maybe they work at your favorite title company, real estate attorney’s office, or bank. There are so many hard-working mothers involved in our success. Make sure you show your appreciation. It could be an office brunch, flowers, gift certificates for a local spa, a day off to spend with family, or an all-expenses paid trip to Disney with their kids.

3. Remind Others

Use email, direct mail, and social to remind others about May 14th. You’ll save a few people from forgetting about Mother’s Day. Happy mom – happy home. Happy homes mean your workers are more efficient and productive, tenants are more likely to pay the rent on time, and families are enjoying more upward mobility.

4. Help Struggling Homeowners

There are still thousands of mothers out there who are struggling to hold onto their homes, or to find somewhere to go. These are hard decisions when you have kids at home, or have worked a lifetime to build something to pass on. It’s not always easy connecting with and helping struggling homeowners. They been burned by so many others, so many times already. Just ask “how would I like my mother to be helped in this situation?” You wouldn’t want a good investor to give up on trying to help. You would want someone to make the effort, and help them achieve a good move.

5. Help Homebuyers

There are also millions of mothers struggling to put a good roof over their kids’ heads. In some cases, they just need a roof. But all deserve to be given a safer and healthier place to live, on terms that are actually sustainable. Others are looking for opportunities to invest to get ahead, so that they can actually spend time with their families, and give their kids great head starts. This Mother’s Day is a great time to help them. Send out the information they need, host Mother’s Day themed open houses, and provide unique experiences which really deliver value.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Where To Find The Money To Flip Houses In 2017

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on Thursday, 02 March 2017
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Where can real estate investors find the money to flip houses this year?

The US real estate market is surging again. Home sales hit a new 10 year record in January 2017 according to NAR and Inman. Yet, it still takes money to make money. So, where can investors find the capital to get started, expand, and make the most of the opportunities?

Lines of Credit & Personal Loans

Despite all of the gurus proclaiming the ability to flip houses with no money and no credit, investors will find they run into expenses. They may find 100% financing for property deals, but there is still due diligence, gas money, and marketing. Personal or small business loans and lines of credit can provide essential working capital, and the flexibility to use it for everything from launching a real estate startup to rehabbing homes. Do expect lenders to demand a reasonable credit score, and normally an existing LLC or business entity to have already been set up for those seeking commercial funding.

Blanket Mortgages

For those who already own portfolios of income properties free and clear, or with significant equity a blanket mortgage can help. These mortgage loans can be used to leverage equity from part or all of a portfolio to bridge out and acquire more property. It provides liquidity to act as a cash buyer, with the simplicity of one set of loan documents.

Commercial Conduit Lenders

A new breed of mortgage brokers and conduits are setting up shop, and are aggressively marketing themselves to investors. They may offer lines of credit, blanket loans, and short-term fixed rate mortgages for rehabbing properties. Many now offer stated income loans. Most still expect significant skin in the game from investors, and often want to see a recent track record of successful acquisitions and exits.

Transactional Funding

Transactional funding lenders provide short-term funding for real estate wholesalers. This is typically 100% financing for back to back house flips. Often no appraisals, credit, or income verification is required. It’s fast and easy to get, and rates can be lower than hard money.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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How To Use Meetup To Build Your Buyers List

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on Thursday, 16 February 2017
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Need to build your real estate sellers or buyers lists? Can Meetup.com help?

Meetup.com has been exploding in popularity on the web. Many are using it to cultivate new groups of real estate leads and deals. How can real estate wholesalers put it to work, and grow their businesses?

Meetup

For those property investors that haven’t used it yet; Meetup.com is an online platform for connecting with those with similar interests. It is a place to curate a group of likeminded individuals, and then meetup with them offline, in reality. Given that real estate professionals rely on making new contacts each day in order to fuel their businesses and incomes, this could be a beneficial tool to add to the monthly marketing and networking mix.

Get Out and Network

If you are thinking about using Meetup in any capacity a smart first step is to sign up for some other people’s meetups, and get out and visit them. There are meetups for just about everything. There are meetups for Realtors, tech entrepreneurs, foodies, fitness, charity, and just about anything else you can possibly imagine. Attending these meetups will give you insight into what others are doing that works well, or not. It is also the lower maintenance and cost way to leverage meetup, instead of trying to manage your own. This strategy can be just as powerful, and you can join any type of meetup and reach new prospects.

Start Your Own Meetup Groups

If you want to step up and take the lead, then starting your own Meetup can be a great idea. For around $20 a month you can host your own group on Meetup.com. This can be an indirect method of meeting prospects by making it about something other than real estate. Or it can be a real estate specific meetup, like a local investors club. Meetup will help connect you with people, but expect to do your own promotion on social media, locally, and to invest in creating a good experience for attendees. Use these get togethers to generate motivated seller leads, cash buyer leads, regular home buyer leads, and to build your team of local industry professionals and referral partners. Use regular gatherings to build relationships, educate, and to help others, and you can build a highly localized power list.

How will you use it?

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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How Much Money Should Real Estate Wholesalers Make?

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on Thursday, 12 January 2017
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How much profit should you be making on your real estate wholesale deals?

Property wholesaler profit margins are one of the most commonly debated topics among new investors, rehabbers, and buy and hold landlords. So, what’s the right amount? How much is too much? How should wholesalers set their markups?

Some wholesalers may not make as much as they could on deals because they are intimidated about losing them. Sometimes end buyers are complaining that wholesalers are asking for way too much, and are just wasting their time. So how do you pick the right number?

4 Ways to Price Your Wholesale House Deals

Fixed Fee or Percentage

One way to choose is to pre-determine what percentage or dollar amount you are going to charge across all of your deals. It could be 3% or 6%, $1,000 or $100,000. Or more. It’s up to you. This can make it easy when screening potential properties to see if they match your criteria. However, one flaw is that this doesn’t always maximize your deal flow and profit potential long term as the market changes.

Profit Left to the Next Buyer

Again, you can choose a fixed dollar amount or percentage spread which you think if fair for you end buyer to make after they buy, fix, and flip or rent the property. Of course, every buyer is different. Some use cash. Some use very expensive hard money loans. Some can get rehab work done cheap. Others pay a lot for contractors and materials. Some can flip a property in a week. Others take over 6 months to complete a flip.

ROI on Your Time

As a real estate wholesaler you are providing a valuable service. However, unless you have a team you are still often trading your time for money. Make sure you are getting a fair return. What’s your time worth? How much time do you spend flipping a deal? If you just quit working a McDonalds for minimum wage, then making $30 an hour may seem like an awesome deal. If you just quit being an attorney or doctor making $500 an hour, then you’ll probably want to make sure you are earning $1,000 an hour as a wholesaler. Remember to factor in all the time prospecting, screening, negotiating, and marketing, and managing the transaction.

Filling Orders

Another way to do this is to simply fill orders. Take pre-orders for deals aka ‘reverse wholesaling’. Then go find a fit, and profit what you can. You may have end buyers who are happy with 20% returns on two flips a year. Others may insist on getting properties 40% below market value, or being able to double their money. Take the order, find the deals, squeeze in however much you can. This is a little more fluid when it comes to predicting your income. However, it can lower risk and waste. One downside is that you are effectively letting someone else set market prices, versus controlling them yourself.

Looking Forward

There are wholesalers who can make $100k per deal, and do 10 deals a month. Others might do 1-4 deals per month and are very happy putting $20k in their pockets. Some might land some whales and make a million on a very juicy deal. A lot of it depends on how good you are at finding and negotiating deals, as well as how you market and present the inventory.

One thing which is really important, and which many wholesalers forget is to keep an eye on the changing market. Prices and profit margins will change. Protect your income and industry but refusing to sell out too cheap, but give good deals if you want more business.

 

What do you think? How much do you charge? How much do you think wholesalers should markup deals? Let us know on Facebook and Twitter

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Use Transactional Funding To Do More Real Estate Deals

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on Thursday, 27 October 2016
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Want to do more real estate deals?

Who doesn’t right? For many investors transactional funding may be the key to doing more deals. We’re not just talking about boosting your deal volume over the next 12 months, but turning all those leads in your database and on your desk into deals this month.

There is a lot of noise out there in the mortgage lending space right now. Unfortunately, a lot of it just leads to dead ends, dead deals, wasted time, and frustration for real estate investors. So how can Best Transaction Funding Help?

Get Bigger Deals Done

Transactional funding can be ideal for getting those bigger deals done. Perhaps you are wary of taking on a big mortgage or rehab project, but the numbers on the deal work. Transactional funding can be used as ‘dough for a day’ to lock that property down and flip it fast. There are still lots of cheap properties out there, but would you rather make 50% profit on a $40k home or a $4M home?

Get Distressed Properties Financed

There are tens of thousands of distressed properties out there ripe for the flipping. Of course, many of them simply can’t be financed by traditional channels. This can be due to simple issues with missing appliances, worn roofs, old termite damage, or it could be critical fire or hurricane damage, foundation issues, or complete teardowns. Don’t leave these deals for the next guy. You’ll be kicking yourself when another investor makes a mint on them. You don’t have to do the repair work, or put up the cash to fix them. Transactional funding will let you flip them fast to rehabbers or cash buyers, and make a nice profit in the process.

Overcome Liquidity Challenges

It always seems like the best deals come along right when all of your cash is tied up in another deal, right? Don’t let that stop you. Best Transaction Funding offers up to 100% financing, including closing costs. This means you can keep marketing, churning out those deals, and bring in the profits.

No Limit Lending

Too many other lenders still have antiquated limits on the number of loans or dollars you can have out there on credit. At Best Transaction Funding it doesn’t matter. The more deals you’ve got the better.

 

Authored by Best Transaction Funding - the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Zombie Homes Offer Big Potential This Halloween

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on Thursday, 20 October 2016
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There is a horde of opportunities out there for real estate investors this Halloween.

Zombie homes, vacant homes, and distressed properties are running rampant out there. There are still thousands of them. At the same time there is a huge appetite for investment properties and housing. Some cities still have tens of thousands of vacant homes, while investors battle over sparse inventory and the rental market and affordable housing inventory remains incredibly tight.

This means huge opportunities for fast moving real estate investors who get out there, take down some of these zombies, and recycle them.

The thing is that many distressed homes aren’t being publicly marketed. They aren’t on the MLS and they don’t have signs in the yard. Many end buyers either don’t have the know-how to find the owners and make viable offers, or they just lack the time and hustle.

Those investors that are motivated and put in the effort to take action and learn the tactics for finding and contracting to buy these properties have a lot to gain. According to RealtyTrac home flipping profits are up to new highs, and more investors are looking for rehab deals. With homeownership at an incredible low, and more millennials maturing to prime home buying age there is a strong and profitable resale market. Plus, recycling these properties can do a lot of good for young professionals and families and their communities. Real estate wholesalers in particular will find the timing right to do big numbers, and have a big impact.

Thanks to Best Transaction Funding you don’t have to be limited in deal volume based on how much liquid cash you have available right now. Using this transactional funding investors can find, fund, and flip ugly and even scary zombie homes to rehabbers, turnkey providers, and retail buyers fast, while interest rates are low.

These next few weeks are the perfect time to ramp up your business too. With Halloween comes plenty of seasonal real estate marketing opportunities from online content marketing to property tours. Make it fun.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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4 Places To Find More Wholesale House Deals Now

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on Friday, 16 September 2016
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The latest data shows house flipping activity hitting a new high. But with all the extra competition where can real estate wholesalers get the edge and find the deals?

Mix Your Cardio & Scouting Properties

There are thousands of investors out there hunting for deals. Many are getting better and better at using technology to scout potential deals, and to be alerted to new listings. They are marketing more broadly and are sending a lot of blanket mail. Yet, many of the best deals can be hiding in neighborhoods right around you. Most are not listed on the MLS. Often the owners are not proactively looking for buyers. But they can be great deals. Get out there and find them. You can drive. Or you can go deeper by getting on your bike, walking, or running. You’ll get some extra cardio in, and may even get the chance to build more personal connections and relationships.

Note Investors

New data from DistressedPro shows that while foreclosure activity may be declining in most states, bank repossessions and mortgage defaults are still around twice as high as before 2008. Yet, not all are speedily making it to auction or are being remarketed publicly. Billions in non-performing mortgage loans are being sold through back channels, and to note investors. Find these players and offer your help when borrowers just aren’t going to be able to stay on track.

New Real Estate Agents

Thousands of new real estate agents are getting into the game. Very, very few get started with any idea of what they are doing. Training, education, and support is minimal. Most often they face intense competition from their coworkers in their own offices. That leaves them few places to find help when they get stumped or are trying to figure out what to do with leads. Help them out. Make sure they know you are there to buy their good deals, and set them on the right track to find what you are looking for.

New House Flippers

House flipping has become a new craze spurred by endless ‘reality’ TV shows. Everyone wants to do it. Some are making incredible spreads by fixing up and flipping homes. Yet, data from RealtyTrac shows that turn times are reaching new highs at an average of over 180 days. That suggests many are getting stuck. They are having a hard time turning around properties, and many are running out of funds in the process. Be there to take those deals off their hands, and bail them out when the numbers make sense.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Labor Day 2016 for Real Estate Wholesalers

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on Thursday, 01 September 2016
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Labor Day is here and it reminds experienced real estate wholesalers to leap into action…

There are many ways in which Labor Day brings important opportunities for property wholesalers. Here are 5 to put into play this 2016 Labor Day weekend, and over the other coming long weekends the rest of this year.

Holiday Sales

Labor Day sales offer the opportunity for real estate business people to grab supplies and even take advantage of deals on services at a discount. Use this opportunity to make your budget go further.

Real Estate Marketing

With more prospects at home and with more prospects with free time to read marketing messages this is a great time to up your game and make those connections. Write those contracts and take advantage of the current market.

Open House Events

This is the ideal time to host open house events. Tailor them to your ideal prospects. This could be real estate tours, cocktail parties, charity fundraisers, of family BBQs.

Teach Your Kids About Real Estate Investing

This is a great time to pass on your knowledge to your kids, and equip them for a successful life. Teach them what to look for in homes, how to collect information from FSBO signs, and some basic DIY skills.

Celebrate

Work is a gift. It’s great to be able to work in real estate and invest in it. Millions may never have that opportunity. Take time off to celebrate that, and recharge before hitting it hard again after the holiday. Set a good example for those around you of how to work hard, and take care of yourself, and to seize these moments to enjoy quality time with those you care about.

 

Authored by Best Transaction Funding - the leading source of transactional funding for real estate wholesalers, where 100% financing, and saying “Yes” is what we love doing all day long. Request your Proof Of Funds Letter today!

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Top Banker Says Don’t Put New Money Into Stocks

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on Thursday, 04 August 2016
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One of the top bankers in the US has said not to put new money into the stock market. So what do we do now?

While the world’s financial markets continue experience the rollercoaster ride kicked off by the Brexit, former CEO of Wells Fargo Richard Kovacevich told FOX Business he didn’t think people should be adding new money to the market right now. So if such a high profile and experienced analyst is taking this stance, what should the rest of us be doing with our money and investments?

At the same time bonds have fallen to terrible and even negative yields, gold prices have been pumped up by fear, and tech stocks have been looking frothy for quite a while. How do we keep making money with 3 or 4 of the major market options overvalued, ripe for a correction, and potentially delivering negative returns?

Wells Fargo’s former CEO says he’s piling up cash on the sidelines while waiting for a dip in prices. That’s not a bad strategy if your only alternative is to invest in depreciating assets with negative yields. Fortunately, there is also real estate to consider as an investment, and many are. Even if fluctuations happen in property prices in the future house flippers can still make money by getting in and out at the right prices, or locking into rental income which can provide steady yields regardless of the rest of the market.

So what to do? Keeping cash for value opportunities may be wise. Of course inactive cash also devalues by itself. House flippers and rehabbers can beat this by putting money in to value add deals and getting out again quickly. Real estate wholesalers can feed both rental property investors and rehabbers by using 100% financing from Best Transaction Funding, and get in, out, and paid with low risk, and massive ROI. Any cash that does need to be put to work can then be spent on marketing and growing the business to increase volume and revenues.

How will you invest?

 

Authored by Best Transaction Funding - the leading source of transactional funding for real estate wholesalers in the US.

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Real Estate Wholesalers: The Power of a Niche

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on Thursday, 21 July 2016
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Smart real estate wholesalers look for a niche to dominate, and they stick to it.

The starting point for big wealth and incomes may be thinking really big. You want to be the Steve Jobs, Bill Gates, Mark Zuckerberg, or Donald Trump of real estate. To have a big empire and all the riches that come with it. But once you dig into these biographies you find that their success really came from, and often still relies on owning one niche. The same is still true of Google. Sure Google has Gmail and a suite of business apps, great maps, and even driverless cars. But all of that is built on dominating Google’s niche in search. Owning a niche is also what has turned Airbnb, Uber, and Instagram into multi-billion dollar companies. So if you want to go big in real estate – start small. Choose a niche and own it.

There are almost infinite niches to choose in real estate, and plenty of overlaying filters and hybrid choices. Trump has luxury condos. Warren Buffett has mobile homes. Sterling White has turnkey properties in Indiana, etc.

One of the biggest temptations when things aren’t going as fast as investors would like is to go broader and to imitate the competition whom they think is doing better than them. Note that most aren’t doing as well as they make out. And you don’t know if any of their individual strategies are really working for them or are producing great net ROI. Just look a Zillow which at least had be losing tens of millions of dollars a year using phone sales to sell online marketing. 20 plus year industry veteran and speaker Sam Sadat says that the truly rich think differently than everyone else, and one of the ways they do that is looking to create more cash and wealth, and riches in niches.

If anything you may want to get smaller in order to get bigger results. Once you have dominated the majority of the business, referrals, and web traffic for that niche, and only then – consider expanding.

Then in addition to wholesale houses you might offer turnkey properties or even jump into development. You might expand from your city to other key markets which are ripe for flipping and which turn on a different timeline in the real estate cycle to yours.

So what’s your niche?

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Brexit Brings Lower Mortgage Interest Rates

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on Thursday, 14 July 2016
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The Brexit has brought mortgage interest rates down, and that’s great news for U.S. real estate.

While not everyone is happy with the fallout of the British decision to leave the European Union it could prove to be a great thing for many American real estate buyers, sellers, and investors.

The Brexit crushed the stock market, caused banks billions in losses, setup US and EU banks for over a trillion dollars in cash short fall, and even resulted in funds freezing customer withdrawals from London property investments. That may be sadly catastrophic for many, but there is hope for those that have been able to cash out of those other investments.

The Bank of England is pushing banks to make lending easier, including lowering interest rates. Bankrate.com reveals that U.S. mortgage rates have also fallen back to almost the record low we saw 4 years ago. As of July 14th, 2016 that meant 30 year fixed home loan rates at just over 3%, and 15 year fixed mortgage rates in the 2% range.

Low interest rates could be awesome news for property owners that have been wanting to refinance, as well as buyers who thought they missed the boat. Sellers too could find this a powerful time to sell since low rates mean borrowers will be paying less monthly for higher priced homes.

The bad news is that there is even less hope of earning good returns on savings or other investments except for real estate. Long term property price sustainable could also be even more threatened due to the current and going artificial manipulation of markets. Banks aren’t making much and don’t have much of a cushion when they are lending at 2%. When interest rates go higher home mortgage payments could easily double, even if prices don’t go up. All together this may appear to some as being just a little too reminiscent of the setup of the early 2000s.

Fortunately there could be some highly profitable sweet spots out there for property investors. The first is noting that if Brits pull back from some market it could provide better buying opportunities for domestic investors. The ensuing demand for U.S. real estate from other foreign investors could then help beef up spreads on flips. Those that stick to wholesaling real estate can benefit by leveraging cheap money now, and avoiding being stuck when rates go up later or cracks appear in the markets.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Get Ready for the Back to School Real Estate Rush

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Real estate investors are about to head into one of the busiest times of the year. How can you take full advantage of the opportunities?

Back to school madness will be here before we know it. Most industry outsiders and new Realtors and investors are taught the time to get busy is late spring and summer. Yet, those last few weeks of summer break can be among the most profitable and critical. So where should investors be focusing?

There are a lot of lookers early in the summer. But when back to school dates start looming buyers and sellers get serious. They are on a deadline. Buyers want to be moved in and on a schedule before school starts. And they need to be in the right school district. Many also need to sell their old homes, if not to be able to buy, but to shed the debt and live comfortably without the extra mortgage.

This high level of motivation means opportunities. It means buyers that need to, and will buy, and will bid high. Sellers must sell, and for many that means being willing to sell at a discount or on terms.

Capitalizing on this surge in real estate transaction activity is also essential for bulking up on capital for the weeks ahead. Generate cash from wholesaling to buy up in the softer months to come. After the back to school rush typically comes the seasonal dip in listing prices. This could be compounded this year by the presidential election.

How do you get more of this business? Get visible by doing the bold marketing your competition isn’t. Get a niche – perhaps offering speed of closing as your advantage. Provide school district information. Maybe include offers to help with moving and school supplies (note that some kids are going to need cars this year, and that’s a big expense).

When you start to make gains and pull in the profits from this activity don’t forget to participate in back pack drives and support the local community.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of flash funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Want to Win at Flipping Houses - Kick Your Old Social Media to the Curb

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Want to flip more houses this year? Is it time to close that Facebook account and upgrade?

2016 is a pivotal year for real estate investors. Those that get ahead this year are going to have a massive advantage going forward. The rest are going to struggle to stay in the game. It’s no secret that social media can be a powerful tool for finding more house flipping deals, buyer leads, capital, and strategic partners. However, many are tired of investing in SMM and going around in circles with their tactics to try and gain some traction. Some are doing incredibly well in this domain, but the truth is that what may really be holding many back is using the wrong social networks.

Facebook, Twitter, and LinkedIn all still have their uses and value. Used well, and with sufficient investment they may be strong contenders for reaching certain niche demographics, feeding real estate blog traffic, and bolstering SEO. However, even Facebook seems to be completely forgotten by masses in younger generations. Ask your teenager and they’ll probably tell you “Facebook is for old people,” with a look of confusion as to why you’d ever want to use it.

If real estate wholesalers and flippers want to engage and reach leads you’ve got to get on and get active with the social platforms people are really using every day.

Instagram

Instagram may not be new, but the fact that it has now separated itself from Facebook for signups has made it a whole lot more attractive for a lot more people. Especially younger generations and Facebook haters. This is a great way to expand reach fast.

4chan

This is not a site to visit for those that hate sensitive material. It contains a lot of junk, spam, and what perhaps should be censored material. However, there are business and finance boards, and it appears to be becoming a popular forum where there may be a substantial number of real estate leads to be farmed.

Snapchat

If you really want to engage get on snapchat and get active. It is a fantastic tool for blending offline and online connections, and using the ‘nearby’ function to secure contacts from live events, networking meetings, and every day encounters. It can also be used to seamlessly transition from updates to text chat to live one on one video chat. Consider it your live mobile contact to close social tool.

Periscope

Periscope is an Android and iPhone app allowing users to broadcast live video, and host recorded video. Could be perfect for live online open houses, showings to out of area buyers, and previewing potential acquisitions with partners.

About Me

About Me adds a super simplified why to trade contact info, send people to your site, and suggest referrals. Claim your URL to secure this slice of online real estate and use it as your virtual business card.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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How To Get Even More Out Of Attending Real Estate Events

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on Tuesday, 15 March 2016
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Regularly attending real estate events is important for all investors, agents, and business owners. But there can be a massive difference in what you get out of them. Here are ten tactics for getting more from every event you go to…

1. Sign Up Early

Most real estate and business events are annual affairs. Some are even more regular than that. The point is that you should be able to line up your schedule early, and plan your year out in advance. This can often yield great discounts on early bird tickets too.

2. Plan Your Trip Well in Advance

Get the best deals on your trip, and the best vehicles and hotels rooms by booking early. Many events will have a limited number of discounted hotel rooms on site.

3. Connect with Others Before You Go

Get the conversation and connections going weeks in advance by joining in on social media online. Use the custom hashtags, find out who else is going, and start getting some benefit way before you go.

4. Decide on Your Number One Takeaway

Whether it is a networking event, expo, conference, or seminar, there is bound to be a ton of information streaming. You simply can’t take it all in, in a useful way. So decide on a main takeaway before you go.

5. Know Your Questions

You’ll probably have privileged access to real estate industry experts that you wouldn’t otherwise get. Some are never reachable, others might normally charge thousands for personal consultations. List your most important questions so that you get the most you can out of it.

6. Load up Content for Social

Real estate events are great for loading up on content for social media marketing. Snap all the pics you can, load up on quotes, and more.

7. Get in Early and Sleep

Try to plan your arrival in plenty of time to get to your room, and sleep off the jet lag. That way you’ll be up early, awake, and operating at your best.

8. Connect on the Spot, Build Lists

Don’t just leave your business cards in vendors’ bowls. Trade contact details, connect on social media channels on the spot, and add everyone you can to targeted lists.

9. Download the Content

Well organized real estate events will send out content afterwards. Download the videos and other content, review, and share it with your team.

10. Take Action

You may find great inspiration, new leads and tactics, but it isn’t going to make any difference in your real estate investments or business, unless you take action. It’s too easy to procrastinate, so put it on your calendar. Schedule a hard date by when you’ll implement what you’ve learned, and automate follow up.

Summary

Real estate events can be powerful tools for leveling up your game. Going prepared and having a solid game plan can make a dramatic difference in what you’ll gain from them. Put these 10 tips in play the next to you go to event and see the difference for yourself…

 

Authored by BestTransactionFunding.com – the #1 source for transactional funding, and hard money loans for real estate wholesalers.

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Make This Spring Break Your Launchpad to More Wholesaling Deals

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on Thursday, 10 March 2016
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Make Spring Break 2016 your pivotal moment to wholesaling more real estate deals.

Want to wholesale more real estate deals this year? Plug into these strategies…

Take a Break

Don’t neglect to take the break. It is equally as important charging forward. Take time out this Spring Break to think, set bigger goals, strategize, and recharge.

For those not excited about clashing with hordes of drunken college kids this Spring Break, The Active Times recommends considering these inspirational and relaxing destinations:

  1. Tulum, Mexico
  2. Portland Oregon
  3. Dublin, Ireland
  4. Savannah, Georgia
  5. Nice, France
  6. Playa Tamarindo, Costa Rica
  7. New York, New York
Spring Clean

This is the time of year to kick the old to the curb and to make way for the new:

  • Spring clean your office
  • Restructure your portfolio
  • Clean up, organize, and backup your files
  • Make over your real estate website
  • Update your marketing messages

Capitalize on Easter Themed Marketing Opportunities

Easter is one of the most exciting and powerful times of the year for real estate marketers and wholesalers.

Capitalize on extra online traffic with Easter themed content, blogs, and social media activity. Take advantage of more people being off work, less rushed, and out and about with yard signs, and Easter themed open houses. Host seasonal networking events. Choose from beach themed backyard BBQs for adults, or Easter egg hunts for families. Build those buyer and seller lists.

Line Up New Capital & Finance Sources

Take the time to connect with and line up new capital and lending sources that can keep up with your big real estate goals for the year. Pool private capital, obtain Proof of Funds letters from transactional lenders, get back up hard money lenders lined up, and learn about the best retail home loan programs for financing your end buyers.

Then TAKE MASSIVE ACTION!

Authored by BestTransactionFunding.com - the leading source of transactional funding and hard money loans for real estate wholesalers; where 100% financing, and saying “Yes” is what we love doing all day.

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6 Tactics to Minimize Risk in Real Estate Investing

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on Wednesday, 24 February 2016
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How can real estate investors kick risk to the curb, and maximize the upside?

Few, if any investments are 110% risk free. Yet, the most admired billionaire investors know how to cut that exposure, and keep the green coming in no matter what the forecast is. Here are six ways to avoid losses even in the worst case scenarios, and stay flush while others are floundering to figure out their next move…

1. LLCs

If you are investing in real estate you need to incorporate. Period. There are no good excuses not to. Filing an LLC can cost as little as around $100, and can be done online in minutes. It is also the door to more potential tax breaks, and absolutely key to opening more doors to real estate funding today. Do it now.

2. SD IRAs

Stocks are taking a beating, and Harry S. Dent who successfully called the previous crashes expects the Dow to tumble more than another 50%! Consider rolling over existing retirement accounts to self-directed IRAs and reallocating those funds in direct real estate investments. If you don’t have one talk to your tax pro about which options can allow you to contribute the most, and reduce your tax burden the most this year. You still have till April 15th to get the break for 2015. IRAs are also typically protected in bankruptcy and judgments. So if things really get ugly out there you still shouldn’t lose your IRA, or your real estate holdings.

3. Stay Liquid

Liquidity is key to safely and successfully navigating the unexpected in real estate according to billionaire investor Sam Zell. If you’ve got liquidity you can sail through anything. Bulk up on cash by wholesaling properties, and using 100% transactional funding whenever possible.

4. Due Diligence in Advance

The more due diligence investors do in advance, the less cash they’ll burn, and the better their profit margins. It only takes seconds to Google potential vendors, and look up property records from your phone. Compass Land and Title in Florida now also recommends sellers obtain a title search prior to listing properties to avoid any challenges during transactions.

5. Multiple Exit Strategies

You already know not to get into a deal until you know how you are going to get out. Of course that first exit plan, or resale buyer or tenant doesn’t always work out. If that was your only exit you could be in some hot financial water. It could tank everything else you are doing. Instead go in with multiple exit strategies for every deal. If you can’t wholesale it can you rehab it? If it doesn’t sell retail can you rent it?

6. Build that Buyers List

Eventually you are going to sell that property to cash out and tally your total net gains or loss. Savvy investors, and especially real estate wholesalers build those buyer lists in advance. Register everyone interested in purchasing a property. Get them to provide mortgage pre-approval letters or Proof of Funds (POF) letters so you know you’ve got a qualified prospect. If you are low on buyers consider collaborating with other investors. Avoid long chains, but do know that there are hundreds of cash heavy investors out there desperate for deals.

Have any tips of your own to add? Let us know on Facebook or Twitter…

Authored by Best Transaction Funding - the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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