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How Successful Real Estate Wholesalers See Vendors Differently

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on Thursday, 15 May 2014
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The most successful real estate wholesalers see vendors, service providers and business partners distinctly differently than others. In fact, it is one factor which can often create dramatic in results.

This is a characteristic which is also seen among the wealthiest and most sophisticated buyers and investors, as well as leading CEOs. Put simply, it is the value put on quality services and business relationships.

This is not just about recognizing the importance of larger, long term gains and success trumping unsustainable short term gains. When considering the potential liability of being too cheap and churning through low quality vendors and reliability become almost priceless.

One of the most common ways in which this is seen in the industry today is when it comes to sourcing help and wholesale properties. One of the most ironic ways this rears its head is when some refuse to cough up for valuable third party services. This applies to the MLS, outsourcing platforms, online platforms for sourcing help, and other brokers. The argument by some is why should they pay for a third party middle men. Perhaps they are forgetting that they themselves as wholesalers are technically third party middle men. All too often they are happy to use the services, they just don’t want to pay for them. The fact they are used at any level shows the value they have.

Cost is the second part of this. It is wise to look for good deals and cost effectiveness. Unfortunately, the short sighted often believe that means cheapest.

One of the greatest examples of this in the real estate investment arena is house prices. Some of the cheapest homes of the moment can be found at Detroit’s foreclosure auctions. Some of the homes might sell for $1,000. After the fact they can cost many tens of thousands to repair or even tear down, and some will likely never see the rents or values other properties will. A most expensive property might actually end up delivering far higher returns and require less cash money out of pocket.

The same applies to wholesaling businesses hiring copywriters or designers. Cheap can often mean sabotaging future goals, losing advantages in speed to market, and more expense needed for constant do-overs.

When it comes to choosing real estate attorneys the savviest wholesalers, investors and business owners get that a low cost attorney or ‘pre-paid’ legal service can often ultimately cost more due to increased billing hours and substandard results. What they achieve in a week might be accomplished in 30 minutes by a real estate attorney with a higher hourly rate.

Could you imagine Warren Buffett and Berkshire Hathaway achieving such results and reputation over such a long period of time if they only hired the cheapest staff and acquired the most depressed businesses?

We are entering a new boom in the U.S. housing market. Using BestTransactionFunding wholesalers can look forward to turning substantial volumes of properties for years, for high profit margins. However, all the money in the world might not keep those which don’t prioritize wise counsel, solid business relationships and quality team members in the game.
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Revving Up For The Summer Real Estate Rush!

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on Tuesday, 22 April 2014
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It’s time for real estate wholesalers to start revving up for the peak summer rush. This is the season which can make all the difference for investors. It’s those that recognize this and capitalize on it, which will gain the most.

Real estate investors who are flipping houses can’t afford to underestimate how important summer is to them. There is a lot of both buying and selling of homes which can make each prospect worth a lot more. Like the stock market much of the gains in real estate are made in a few months. Those that win big in summer will lead for the rest of the year. Some may even make enough to kick back and head to the tropics for the colder seasons ahead.

Go in strong, finish strong.

Time to start prepping is now. Waiting till summer is here and trying to wing it or telling yourself you’ll put in extra hours then and work harder, may not only be a poor use of time and resources, but ineffective. It’s a lot better to work smarter in advance.

Key to wholesalers winning during this peak market season is knowing who is strong in the market, and what’s most important to them.

Foreign buyers on vacation, families moving in between school years and workers relocating are all major forces in the market.

They are on a time crunch, and need to act fast or not at all. To win their business investors need to serve up the info they need to make a quick decision, make it easy for them to sell and buy, and get to know and like the area fast. Being able to connect them with equally great and loyal third party services for a streamlined and seamless transaction is also critical. All of these factors may be far more important than price during this peak season.

Get the edge on the competition and win minds and the business even before they are ready to make a decision with themed blog content, reaching them overseas early directly with Adwords or through affiliates and look to forge strategic partnerships with corporations that have the handle on many movers.

Finally, it should go without saying that having financing lined up through BestTransactionFunding for plenty of liquidity will enable wholesalers to fully capitalize on their volume potential during these months.
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The Spreads For Real Estate Wholesalers Just Keep Getting Better...

by blogger1
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on Friday, 11 October 2013
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While some media pundits have recently raised questions as to whether the strong housing rebound will be detrimental to flipping houses a variety of trends and factors appear to be widening spreads for even further.

This week Market Wired can a story on a small Southern California investment firm which has tapped $50 million in private equity funds from Colony. Rather than using it to go after distressed property, the firm announced it will be acquiring already updated homes and plowing an additional 50 to 100% in further luxury improvements in them for resale.

Other passive income investors have been getting pulled into build-to-rent programs which land them with ‘deals’ priced above market and face having their money sit idle for months or years during construction before ever seeing a penny in return or cash flow.

Meanwhile Detroit seems unsure what to do with its $300m in redevelopment funds while sitting on 78,000 abandoned properties. At the same time residential mortgages in default top $210 billion, with a small fraction of this number represented by actual REOs. The rest are still ripe for picking up in a variety of ways.

Still, visibility seems to remain the issue which holds many wholesalers back from reaching their full potential and deal flow. The buyers are there, eager to pick up everything they can, and are surprisingly hitting the internet crying out for wholesale property contacts.

It’s on those investors with the inventory to step up and demand more visibility in order reap the rewards of the market. If you are not seeing all of the volume you’d like it is not the market, not a lack of demand, and with BestTransactionFunding.com to provide all the liquidity needed the only thing holding you back from more business and taking full advantage of the market is getting found by those that want the product.

To bridge the divide consider Twitter’s new advertising tools, press releases, SEO rich content, Google Adwords campaigns, and expanding your LinkedIn network.
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