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What Wholesalers Should Learn From The Opendoor Epidemic

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on Thursday, 25 April 2019
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Numerous Opendoor style websites are popping up to compete with wholesalers on a whole new level. What important lessons do wholesalers need to take away from this? How do you keep making money with all this pressure?


#1: It’s All About Marketing

Big companies like Zillow, Opendoor and now Redfin have transformed this space in months. They’ve given it legitimacy and visibility. Of course, if Zillow’s buying program is anything like its Zestimate tool, it’s terrible. Redfin Now reportedly takes a 7% fee to the seller on the purchase price of the home. That’s a lot for a ‘discount’ real estate service. Startups like Opendoor are attracting millions in VC investment, despite not really being unique. It’s all about the marketing. You should offer better deals and service, but it’s clear that winning is all about lots of marketing and making a lot of noise about your business.


You Can Think Bigger

One reason these companies are where they are is that they just think bigger. If you are only shooting for a handful of wholesale deals in your local market each month, that’s probably what you’ll get. These companies are coming out of the gate thinking about dominating on a national scale. They have the potential to at least do hundreds of deals each month. With Best Transaction Funding to finance your deals, you goals are the only thing to hold you back. Do you need to think bigger?


Clean Websites

In general real estate investor websites are ugly. They are outdated and ineffective. There are countless of these Investor Carrot type sites out there that really aren’t serving investors well. Can you imagine Redfin, Opendoor or Zillow soaring to fame with an ugly site? No. Aesthetics do matter.


Don’t Lose Money

Just because they are big, making lots of noise, and often in the way doesn’t mean these big internet wholesalers are making money. Zillow has been infamous for losing billions of dollars. As are many other tech startups. They might look cool, but all that attention isn’t worth much if you are losing money. If you are in real estate to make money, focus on profit. You can make a lot more by focusing on profit margins, and less on volume. It’s all about the bottom line.


You’re Onto A Good Thing

Wholesalers have been picked on for years. Especially in online forums. Realtors and other investors have long been jealous of how easy wholesalers can make so much money. This new trend is great validation that you are onto something great.


You’re Going To Have To Be More Creative

Most real estate wholesalers can’t afford to out market these big tech driven companies. They can’t afford to throw away billions just to stay visible. Fortunately, you don’t have to. Though you will have to be more creative to get the deals. Think guerrilla marketing, being earlier to the punch in making offers, making stronger offers, better positioning, and more focus on personal relationships.

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Real Estate Wholesalers: Hop Into Spring With These Great Strategies

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on Thursday, 21 March 2019
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Spring is officially here! Try out these strategies to boost your real estate wholesaling business now…


Hop to it While the Market is Good

We’re still in tax refund season, there is still likely more negative data to come out after the end of the quarter showing the new trajectory of the housing market. Get more inventory and flip it before more buyers are scared out of the market.


You can use Best Transaction Funding to scale and move fast without being limited by funds. Set a goal of making at least 5 offers a day. If you are already operating at that level, up your numbers by 5.


Spring Clean it

Try spring cleaning and prehabbing your deals to create a blank slate. It’ll be a lot easier for buyers to visualize the potential and can add a lot of perceived value to properties without costing you much.


Invite Them Over for Easter Brunch and an Egg Hunt

Build your brand and relationships in your community and target neighborhoods. Host an Easter egg hunt or brunch, and get to know people on personal basis so they come back and refer you when needing to sell.


If you are really doing well then maybe you can afford to give away the keys to a wholesale home in one of your golden eggs.


Get Out Those Easter Gift Baskets

Send out Easter baskets to potential referral sources and cash buyers. Hand deliver or ship them. It doesn’t have to be costly, but be more creative than just an Easter card. Stay top of mind, and look to open direct lines of communication via phone or text versus just Facebook or email.


Like these strategies? Look out for tips on making most of Mother's Day for real estate wholesalers...

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Finding The Courage To Leap Into Real Estate Wholesaling

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on Thursday, 14 March 2019
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Still grappling with taking the leap into real estate wholesaling? Here’s how to do it, and why you shouldn’t waste another minute…


Real Estate Wholesaling


Wholesaling is still one of the best ways to get started in real estate. It’s considered the lowest risk method, and fastest for generating large profits. As a wholesaler you get to be your own boss, build your own company, set your own schedule and enjoy the free time you crave, and can make more in a month than most people make in a year.


Of course, despite all of those benefits, many individuals still struggle with actually taking action and getting started.


Option One: Start Slow & De-Risk as You Go


Even though this is likely the lowest risk form of real estate investing and business to get into, new things can be scary. You never know everything about a new venture before going in. It is usually self-doubt and the unknown which really holds people back.


One way to overcome this is to begin with small, but swift steps. Take the risk out, one day at a time. Prove to yourself you can begin building a buyers list. Prove that you can find deals out there. Line up your transactional funding. Outsource anything you need help with if you are still working another job. Close that first deal, and then go all in.


This is the slower path, but one which may be more comfortable to you. Just note that a lot of people who have done it this way ultimately wish they would have gone faster from the beginning.


Option Two: Just Go All-In Now


The other choice is to just jump in with both feet. Quit whatever else you are doing, stop holding yourself back and get the most benefit from wholesaling sooner.


This way you have to make it work. You’ll enjoy more focus. You’ll have more time to dedicate and get faster results.


Stop dreaming. Just start doing.


Why it Shouldn’t Take Much Courage to Get Started


The truth is that not doing this is much, much riskier. Even if you are currently in a job you like with a good paycheck, that’s risky. Your entire future is riding on someone else. A lot of other people probably. You’ll never really be free. You’ll have to live with taking a pass on your full potential and living the best life you could have.


You really have everything to gain from getting started in real estate wholesaling. More time, money and opportunity to help others. You can get all the cash you need to find deals with Best Transaction Funding. If you go all-in, then neither time nor money is a hurdle. You can learn everything else as you go.

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Top Home Flipping Statistics To Know Now

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on Thursday, 07 March 2019
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There are a lot of misconceptions about home flipping. Here is a snapshot of the latest data, where to find more profitable deals, where other investors are dropping the ball, and how to make more money in real estate.

How Many Homes are Being Flipped?

ATTOM Data defines a home flip as one which is bought and resold within 12 months. According to these stats 207,957 condos and single families were flipped last year.

With this long timeline, some of these properties may have not been bought as flips. Though there could be others that were intended to be flips, but took longer than a year to complete.

Then there is a big gap where there may be more contract assignments, options, lease options, owner financing and wholesale deals, which could add far more turns to the data.

How Much Money are House Flippers Making?

2018 data shows house flippers making an average gross profit of $65,000 per unit. That’s down slightly from 2017, though is still a substantial number. At least if you are doing 10 plus flips per year. Some are doing 10 plus per month.

Just make sure you are differentiating your net profit, including holding, taxes and marketing costs from the gross spread between the purchase and sales price.

Where the Best Profits are

Where you flip can make a big difference in both profit margins and dollars.

Think you can’t find profitable deals to flip in hot markets, check out these top zip codes by gross profit.

  • 90291 - $906,000

  • 94303 - $769,000

  • 90046 - $755,000

  • 98004 - $720,000

  • 91403 - $676,500

  • 94087 - $670,000

  • 20016 - $624,000

  • 37215 - $595,000

  • 95050 - $519,500

Where the Most Deals are

Memphis, TN topped the list with 29.5% of all home sales being flips. That doesn’t count all the other types of investment transactions.

Other top flipping markets included:

  • Donna, TX

  • Miami, FL

  • Washington, DC

  • Jamaica, NY

  • Baton Rouge, LA

  • Compton, CA

  • Phoenix, AZ

Time to Flip a House

ATTOM reports the average time to flip a house is now at 180 days. That’s an insanely long six months. Not what most would consider a quick flip. Extended hold times like this bring a lot of extra risk and costs. Not to mention derailing overall investor returns.

Be careful to do the math on your timeline and identify the perks of flipping faster. What if you could get that down to just 45 days or under 30 days? That money could be flipped many more times each year.

Then you have wholesalers using Best Transaction Funding who are turning deals in just 3 days.

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Tax Refund Season For Real Estate Wholesalers

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on Thursday, 21 February 2019
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Tax refund season is an especially great time for real estate wholesalers. Here’s why…


Tallying Up What You Made

For a start, this is probably when you are really tallying up all of your income and profits. If you’re newer to wholesaling then this should be a big year for you. If you’ve only been in a few years, you’ll be seeing how much more you can make in real estate than other jobs. It’s going to be mind blowing at first.


Just make sure you are tapping all of your available deductions, write-offs, and breaks. Don’t overpay. This is probably not the year for defaulting to DIY income tax filing, Turbo Tax or H&R Block. Upgrade to a real CPA who can help you with a real tax strategy.


Raising Capital

You can get virtually unlimited funds for your wholesale deals from Best Transaction Funding. Though you can rarely have too much capital. Given the trajectory of the economy and real estate market, the more you can amass now the better.


This is the perfect time to raise more capital. Many individuals and families are plowing double contributions into their IRAs (2018 and 2019). That’s dry powder to invest right away. Help them find a home for it. Others are just getting a good sized tax refund check and can use it to invest with you as a partner or private lender.


Wholetailing Properties

This may be the one chance many individuals and families have to come up with a down payment to buy their own home. Sure, some will blow it on new devices, cars, and taking on more debt. Beat the retailers to the punch and let them know they could be buying a home with that money. Try wholesaling retail to the consumer.


Distressed Properties

Just a few thousand dollars in tax refund money can be exactly what many homeowners and tenants have been waiting for to move. They may not be able to catch up on all their back payments. Though they can use it to move on and start fresh. Relieve them of the burden of their property, and let them move out.

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Real Estate Wholesaling: How To Find The Right End Buyers In 2019

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on Thursday, 27 December 2018
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Ready to make 2019 your biggest year in real estate wholesaling so far? It’s all about finding the right end buyers for your deals.


Properties are still plentiful, and the rumors are that there is a lot more inventory coming onto the market. As the cycle continues to turn that is likely to mean many more motivated sellers too. With 100% financing for wholesale deals from Best Transaction Funding, there are really no limits to the amount of volume you can do. So, who is able to do the most deals in 2019, and who can be in and out and paid the fastest is really all about lining up the right end buyers.


So, who are the end buyers in the real estate market in 2019?


Individual Cash Buyers

Overall there may be fewer cash buyers in the housing market in 2019. After years of purchasing homes and investment properties for cash, many have locked up their liquidity in equity. However, do expect more new mom and pop investors with retirement funds and who are cashing out of the stock market who can afford to pay for more affordable properties in all cash. Then there are many who will be inheriting their parents wealth and homes to cash out as well.


Investment Funds

Investment funds are still hungry for real estate deals. They have a lot of capital and must deploy it. One of their biggest challenges right now is putting that money to work. If you can provide bulk deals, then they may snap them up for cash as well.


House Flippers with Specialized Financing

One of the biggest challenges wholesalers perceive about flipping properties to those that need financing is getting through any inspection and condition hoops demanded by mortgage lenders. However, those flippers using one of today’s more modern flip lenders or private lending companies normally won’t have those issues, and have been enjoying high LTV financing. Advertising properties for only cash buyers will mean missing out on this bigger and highly active group of end buyers.


Boomers & Generation X Home Buyers

On the retail resale side boomers and Generation X home buyers could be among the most active in 2019. They have the credit to get loans and many have the down payments. Many have been waiting on the sidelines for a decade for house prices to soften up and are now eagerly looking for deals. Millennials are forecast to be the group which takes out the most mortgage loans in 2019, yet half don’t even have $1 for a down payment and closing costs. Only 10% have much saved. So, it may not be wise to bank your own income on serving millennials alone.


In conclusion - there are many great opportunities in 2019. It’s all about lining up the end buyers, and promoting to them in a way that connects. Who will you be wholesaling too?

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5 Ways To Flip Land Deals For Great Money

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on Thursday, 20 December 2018
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Real estate investors can flip and wholesale a lot more than just single family homes. With competition fierce, and it becoming harder to make the numbers work on regular house flips and rentals, many may find a new sweet spot in flipping land deals.


Here are five ways to do it…


Flip Lots to Complete Larger Parcels

Developers can lose a lot of time, money, and energy trying to piece together large enough parcels to build their visions on. Many owners can be reluctant and very resistant to directly selling to these big developers, or at least demand wild prices. If you can get in an secure prime lots and then wholesale them to these developers you can add a lot of value, and get paid well. This can work anywhere, those may be especially profitable if you can get ahead of new developments in prime markets around new tech companies.


Solar Land Deals

John and Kyle of Land Mentors say that solar is one of the fastest growing niches in real estate. While some housing metrics are already falling, this sector is growing by over 50%. They’ve proven there is a lot of money in securing viable lots for solar farms, and then flipping them to developers or inking leases and adding a lot of cash flow and high yields to them.


Flipping Vacant Lots to Neighbors

With increased building many homeowners are finding their views being blocked, or their privacy and peace increasingly depleted. These owners typically aren’t good at chasing down owners and negotiating deals. You can inject yourself here and serve up neighboring lots on a silver platter. This can range from very inexpensive lots, to prime parcels that celebrities and executives like Mark Zuckerberg are willing to pay millions for.


Add & Extract Value by Clearing Lots

Simply clearing lots for new homes can cost money. It can also be difficult for potential buyers to see the full potential when lots are overgrown. Snapping up these lots, cashing in on their timber rights, and clearing the land can create more cash upfront, and increase resale price potential.


Subdivide Larger Parcels for Homesites

Another easy way to add value and speed up the sale of land is to subdivide larger parcels into individual homesites. There are probably fewer buyers for 100 acre parcels, than for 10 acre lots. Yet, many are willing to pay a lot more per acre for these smaller plots of land. You may even be able to retain several lots for your own portfolio for free in the process. You can hold them long term, build a home on them, or generate cash flow with your own solar lease deal and provide energy to owners who buy the other lots.


Remember, with Best Transaction Funding you can get up to 100% financing for your wholesale real estate deals, including closing costs.

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5 Types Of Properties Ripe For Wholesaling

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on Thursday, 13 December 2018
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What types of properties are ripe for real estate wholesaling now?

Whether you are just looking to scale and diversify what you are doing now, or you are just now looking to begin wholesaling real estate to diversify from other strategies and income sources, these five property types are worth exploring.

1. Homeowners with Equity

More and more homeowners are becoming ‘distressed’ as they feel more uncertainty about the market. Most now have more equity than they’ve had in years. No one wants to lose that. They don’t want to see all of those tens and hundreds of thousands of dollars evaporated by a declining market. Yet, there are others who still want to buy and are not worried by any temporary fluctuations in home values. Get in the middle here. Help equity rich homeowners cash out their equity and secure those gains, and connect the property to another buyer.

2. Underperforming Multifamily Apartments

Multifamily apartments have become more and more in demand. More buy and hold investors have stepped up to enjoy the economies of scale these properties provide. Yet, there are many small and medium sized apartment buildings which remain underperforming. They may be ready for renovations, have been managed poorly, or just having aging owners who don’t want to deal with it any more. Add value as the connector.

3. Retail Property with Higher Vacancy Rates

We’ve seen a huge correction in the retail property sector over the past couple of years. There has been a big restructuring. That has left many retail units empty. Yet, there are other retailers who are ambitious on growth. They need more floor space, more locations, and they have the capital to expand. Some will even be potential buyers of their own real estate. Bailout landlords with these vacancies and put them in the hands of better managers.

4. Land

From raw acreage to infill lots, there are plenty of opportunities to flip land deals. With land and new construction still being the more profitable route to profits in many areas, expect there to be more demand in this sector over the next few years.

5. Builder Close-Out Deals

Builders in prime areas like Manhattan are noticeably struggling with over supply. They’ve hit the peak of the market, and would love to cash out and finalize some of their condo projects and new home communities. With the right marketing to the right audience, these deals can still be very attractive to buyers. Especially international investors and buyers. Builders may be willing to negotiate a range of incentives from upgrades to discounts, and deeper discounts for bulk purchases that help them exit a project.

Whatever you’re wholesaling, Best Transaction Funding is here to help you fund your deals...

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How To Flex Your Advantages As A New Real Estate Wholesaler

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on Monday, 03 December 2018
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As a newer wholesaler you’ve got some great advantages over all other investors. Make sure you are using them!

It’s easy to see the disadvantages when you are a newer real estate investor or wholesaler. Yet, you also have many advantages. You are what keeps established companies up at night. They know that if only you understand how many advantages you have, and if you use them and are innovative and creative and hustle, you can take a big bite out of their business. Maybe even disrupt the industry.

 

Speed of Making Decisions

One of the great abilities you have as a solo investor or lean team is the ability to make decisions faster. The bigger you get, the more funding you raise and more people involved, the longer it takes to make decisions and act on opportunities. So, move fast.

 

Ability to Move to New Markets

You don’t have giant offices, your own servers, or need to pay employees hefty five or six figure relocation packages to do deals in new states and cities. You can do deals on the other side of the country tomorrow.

 

Underestimated

You’re capable of a lot more than you think. Often way more than a lot of the competition thinks. If they don’t think you are a threat you can get more out of your resources without butting heads with them. Don’t go head to head with larger competitors with more funds and bigger teams and more technology. Stay under the radar, and keep gaining traction until you are stronger.

 

Being Able to Take Risks

Big companies are often criticized for becoming boring. Even music artists often stop taking risks or testing exciting things once they make a name for themselves. It’s easy to criticize until you are there. After years or decades of building up a name for themselves, and having thousands of employees and investors counting on them, they can’t afford to be very interesting anymore. You can. You can be adventurous with marketing campaigns. You can test out new things. If it doesn’t work, no one will remember. You don’t have anything to lose. If it works, it could be your ticket to the big time.

Be interesting with your blogs, the language on your website, your design, your mail, the hooks you advertise and your branding.

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Thank You Real Estate Wholesalers

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on Thursday, 22 November 2018
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Today we want to take a moment to thank and honor all the good real estate wholesalers out there.


While the pay may be good as a wholesaler, you rarely get the thanks and recognition you should. You are providing a valuable service. We see you.


Thank you for braving this new frontier and making the effort to improve your lives and others. It can take a big leap to get into wholesaling real estate, but it so worth it.


Thank you for helping distressed sellers and their families find a more gracious and profitable exit from their properties.


Thank you for helping buyers who can enjoy affordable new homes and for helping other investors with inventory who renovate them and rent them.


Thank you for graciously working with the tenants who are often caught in the middle of distressed real estate situations.


Thank you for choosing Best Transaction Funding for your funding needs on all your wholesale deals.


Thank you for sharing our service with others and empowering them to do all the above and below.


Thank you for sticking it out as a wholesaler. Even on the days it isn’t easy. What you do is worth it.


Thank you for all you do to give back and pay it forward.


Thank you for reading this blog.


We appreciate you!


Take today to relax, enjoy the rewards of your hard work, spend it with the people you have and are putting in all this hard work for.


We’ll see you back in the field on the flip side…


Happy Thanksgiving!

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How To Triple Your Real Estate Wholesale Volume With 1 Tweak

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on Thursday, 06 September 2018
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It’s a great time to be wholesaling real estate. Yet, many investors could be doing far more volume, and could be turning deals far faster.


There’s one sticking point where many property wholesalers are getting jammed up. A factor that could lead to more successful house flips, faster turns and much more volume. So, what is it, and how can making one relatively simple adjustment help triple your deal volume and income?


Most wholesalers don’t have a strong stable of cash buyers they can sell multiple deals to each month. If you had just 10 repeat buyers that could pick up 2-10 deals a month from you, you would probably be making more money than you imagined, easier than you ever thought possible.


Unfortunately, most wholesalers are still just trying to build a list and are throwing out ads for their deals in places where very few cash buyers are. As of January, Realtor.com reports just 22% of sales were cash investors. That’s probably even lower now. Yet, wholesalers are blasting endless deals on Craigslist, but insist they will only take “cash or hard money.”


There are some obvious reasons for this. Most often because the property condition may not cut it for conventional mortgage banking underwriting. However, that doesn’t mean there aren’t more ways to finance these deals, or for buyers to come up with cash creatively. Yet, most are just dismissed. If you’ve been running ads like this, and have had to deal with dozens of buyers you’ve turned away because of this, it may be time to rethink your strategy.


With the best transaction funding, you can secure all the deals you can find. It’s just a matter of the exit. Why not help connect all of these potential buyers with capital or creative strategies they can use to buy your properties?


You may not want to gamble on them getting a conventional loan. They may not either. Yet, there are still plenty of options. This includes, paying you for the property with a credit card via PayPal, obtaining personal or business lines of credit, private mortgage lenders, rehab lenders, and small local banks and credit unions.


If you can give potential buyers 5 more ways to buy your deals, and connect them with some of these sources, how much more could you grow your deal flow and income?


Remember, it’s not just about this one deal either. If you aren’t following through on your wholesale contracts with your sellers, word is going to get around. That’s going to make it a lot harder to do deals in the future, rather than easier. Now, if you take a few minutes to provide a list of potential lender contacts to your buyers (which will still effectively be cash deals for you), then they may become steady repeat buyers with you. They can use those funds to come back every month to get deals to flip or renovate and rent out. That’s the beginning of a very strong buyers list. Once they do a few deals with you, they should also have enough cash to pay cash for your future properties too.

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The Keys Real Estate Investing In A Declining Market

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on Thursday, 02 August 2018
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What are the keys to success in real estate investing in declining property markets?


The economy appears to be in great shape and the Fed even held on hiking interest rates again, for now. Yet, there appears to be more data and signs of softness in the property market showing up. All real estate is local, and weakness in Manhattan prices, San Francisco rents or swelling inventory and longer days on market in the south may not immediately impact where you are investing. These trends could change with the economy, or a new rush into real estate if tech and stocks crash. Yet, every real estate investor and CEO had better have a plan in advance to weather any declining market activity.


Here are the most critical factors to plan so that you are never caught out when the market fluctuates.


Marketing

When the market contracts many instinctively feel they should pull back on every penny and bunker down. Unfortunately, this it usually counterproductive and just speeds up their demise. You’ve got to keep marketing to keep the leads and deals and income coming in. In fact, this is when you should have an additional marketing budget to pick up the pace and scoop up market share while others drop the ball.


Profit Margins

This is the time to fine tune profitability. Don’t make the classic mistake of burning customers by giving less and trying to charge more. Instead, look for ways to operate more efficiently, optimize debt and cash flow, trim unnecessary overhead, and use smart leverage. Those with the best profit margins will have the most staying power, and most flexibility.


Income

This is the time to establish multiple income and revenue streams. This is especially true for rental property owners and fix and flippers. It’s time to diversify, and make sure you have a variety of income sources which can keep your overall finances resilient and consistent. This probably includes monetizing your online assets and real estate wholesaling. Wholesaling is an ideal strategy for a declining market. You can get in out and paid, can build in plenty of price cushion and can use 100% leverage by tapping into the best transaction funding sources.

 

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It’s Time To Flex Your Freedom In Real Estate

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on Wednesday, 04 July 2018
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With Independence Day fresh in our minds, it’s time to flex our freedom in real estate.

Hopefully you’ve had the chance to celebrate the 4th of July, and maybe even take in some spectacular firework displays, spend time with great people, eat something fresh off the grill and to contemplate just how valuable our freedom is.

Sure, many had the freedom to take a day off and celebrate this week, but we’ve all got some even more important basic freedoms we can’t take for granted. The freedom to think, plan, work, give, start something new and take action.

The Freedom to Set Bigger Goals

Setting bigger goals costs you nothing, but can help you gain everything. If you are already wholesaling a house or two a month, why not set a goal to be doing 4 to 10 deals a month by next July? If you are doing 20, shoot for 20. With access to the best transactional funding your only limit is the goals you set for yourself.

Freedom to Get Started in Real Estate

You’ve got the freedom to get started in real estate if you haven’t yet. That’s huge. Billions of people have never had this opportunity and never will have an opportunity like this to change the dynamics of their finances, future and level of freedom and independence. How can we not take advantage of this?

Start Creating a Legacy

Our current freedom and economic strength is the legacy of a lot of work, sacrifice and big vision. Making great money every month as a real estate wholesaler is a good start. Stacking up enough wealth for retirement is even better. Though if you haven’t started working on your legacy, then it’s time to seize that freedom as well. That may be setting up a trust and putting real estate assets in it for your heirs. It could be building and donating a library or museum. You can even put your name on it if you like. Or it could be building an entire new smarter community. What will your legacy be?

Freedom to Give

We don’t just have the freedom to work, invest and gain, but to give and pay it forward to others as well. Perhaps you can start your own foundation. Support or plan a backpack drive for the upcoming school season. Or if you are still just gaining traction yourself, why not give by teaching and sharing what you’ve learned, or bringing on an intern, and empowering others to enjoy the freedoms you have?

What will you do with your freedom today?

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5 Reasons Transactional Funding Is So Critical For Real Estate Investors

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on Tuesday, 27 February 2018
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Transactional funding has become an essential and invaluable tool for real estate investors. Multi-pronged benefits make it a vital tool for both experienced high volume investors, and crucial for those looking to get started in real estate investing.

Here are just some of the reasons it has become so important..

Liquidity

It doesn’t matter if you start investing in real estate with millions or are making seven figures a year. That cash can become tied up quickly. Without liquidity investors get stuck, and everything grinds to a halt. That cannot just be financially perilous, but means missing out on the best and most profitable opportunities. Transactional funding breaks that cycle, even as the wider mortgage market looks to become tighter, by offering virtually limitless capital.

Fast Funding

Sellers and Realtors don’t want to wait around anymore. They don’t want drawn out closings, and will give preference to offers that promise a quicker closing. Investors don’t want to be playing the waiting game for months either. The faster you can close and flip it, and get paid, the higher your annual returns and income. Transactional funding can be closed in just days.

Access to Credit

Transactional funding offers access to credit for those without perfect credit or all the paperwork that conventional lenders are demanding today. You don’t have to worry about the IRS speedily sending copies of tax returns, how backed up real estate appraisers are, or if you have an error on your credit report that just won’t go away. This provides a desperately needed service for new investors looking to change the dynamics of their finances.

Ability to Act as a Cash Buyer

The best transaction funding enables investors to act just like cash buyers. The money is there, and available to close in just days, without worrying about all the micro-underwriting of most banks. For sellers and Realtors, that makes wholesalers using transactional funding as good as cash buyers.

Protecting Your Deals with Legal Double Closings

Unfortunately, the market continues to be rife with unscrupulous buyers, sellers, and agents who try to go behind the backs of investors. It doesn’t matter how good of a deal you seem to give some people, they still try to manipulate the system, and think they can get away with it. Instead of relying on assignments and assigning contracts, transactional funding provides the ability to double close legally and quickly, and protect all the investment made in marketing and securing buyers and sellers.

Why do you use transactional funding?

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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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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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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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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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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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