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Deal Spotlight: $2M Wholesale Deal

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on Wednesday, 09 March 2022
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We are glad to celebrate one of our recent clients who just completed a $2M wholesale flip with our transactional funding!

Empowering real estate investors like you to succeed and thrive in all market phases is what gets us excited, and out of bed in the morning.

As a part of our new Deal Spotlight Series we are going to be highlighting those who are out there doing great deals.

This month’s is a special deal that we hope will inspire you to go even bigger with your own investing.

$2M Wholesale Deal

We recently helped this investor acquire an over $1.9M property, and instantly exit it for $2.7M. Deal Specs:

Funding date: 2/17

Purchase price: $1,939,524.63

Loan amount from BTF: $1,939,524.63

Property: Mid-rise office building in Arkansas

Resale price: $2.7M

That’s a nice spread for any investor!

Highlights:

LTV: 100% funding from Best Transaction Funding

Closing time: Funded in just 3 days from receiving final HUD

Rate: 2% case by case

This was a great back to back closing. Special thanks to Title for getting it done.

A to B Closing Statement:

B to C Closing Statement:

Your Lender Of Choice For Large Wholesale Deals

Best Transaction Funding is your lender of choice for funding your larger loan amounts and wholesale deals.

We love helping you close big deals.

If you are looking for transaction funding especially for $500k plus transactions you’ll find we have the best rates and terms.

We’ve remained a true transaction funding lender. Offering 100% financing for wholesale real estate deals, and can fund closing costs. All with no credit check or appraisal.

We close deals, and we close them fast.

We are especially proud to be your partner in this market as you build up your volume, and expand into other areas. BTF funds deals nationwide.

Submit your deal and funding request, get your POF, and make those offers today!

 

Plus, if you are already funding deals with us, let us know if you’d like to be included in this new Deal Spotlight series by dropping us an email.

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Independence Day 2019 For Real Estate Investing

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on Thursday, 20 June 2019
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The 4th of July is on us, and it can be one of the most pivotal moments of the year for real estate investors. How will you get the most out of it?


Are You Fully Flexing Your Freedom?

Some people may really feel their freedoms are being cramped. Yet, millions of people flock to this country every year for a chance at opportunity and to enjoy our freedoms. Billions would come if they could. To fail to take advantage of the freedom we have is a terrible waste.


We have an amazing opportunity just to be able to buy and invest in real estate. If you’re willing to hustle, you can build a million dollar business in almost no time at all, and be enjoying a 1% income and plenty of time freedom.


You don’t need a lot of money, time, a college education or credit to start wholesaling houses. Best Transaction Funding will even give you 100% of the funds you need to finance your wholesale deals. The only thing crazier than that is to not take advantage of it.


We’ve crossed the halfway point in the year. If you haven’t reached your goals yet, make this the moment you decide to get on track and do something about it.


Go Free Some People

Contemplating all the sacrifice made for these freedoms, and the birth of this country in fighting off high taxes and debt, it’s ironic how many people feel trapped in their homes or who are facing foreclosure due to high property taxes. You have the freedom to get out there and help them this weekend. You have the ability to set them free from that. It’s a gift. Flex it.


Give Others a Chance at the American Dream

Owning a home is still a core part of the American Dream, you can help make that happen, and make their dreams and aspirations a reality. It’s an incredible gift to be able to be a part of that. You can do this as a house flipper or wholesaler. Get out there and serve up some homes.


Celebrate Your Freedom!

Whether you are just waking up to the opportunities and resources available to you, or you’ve already blown your own mind with what you can achieve through real estate investing, celebrate it.


Take time out this Independence Day to really celebrate all of this.


Network & Build Relationships

If you are still struggling to get some traction toward these goals or are trying to get to the next level, the 4th of July weekend is a fantastic time to network and build relationships to make it happen.


Get out and attend local events or host your own. Break out the BBQ and light it up. You’re free to grill meatless burgers or real ones, it’s up to you.


Connect with others you can learn from as well as those who you can help.

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What To Expect From Mortgage Lending This Year

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on Thursday, 19 January 2017
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What should real estate investors expect from the mortgage lending industry this year?

This could be a year of massive changes in the mortgage lending industry. What can investors expect? How might it impact them, their plans, and the best strategies for making money in real estate?

Interest Rates

If there is one thing investors can count on this year, it is probably higher interest rates. Most of those in the game now have never experienced normal interest rates, or high interest rates. Investors have to build this into their models and plans. It will affect the cost of everything. On the bright side it could encourage more transaction activity, and lending.

Dodd-Frank

Trump has made a lot of noise about repealing the Dodd-Frank Act, and making it easier for mortgage borrowers to access credit. This may not be a fast or easy thing to change. However, doing away with these regulations which have really made things difficult for agents, investors, borrowers, and private lenders could make a big difference in the market.

Credit Scores

It is believed that millions of Americans are now experiencing rebounding credit scores as the damage of the crises fades out. This could flood the housing market with more qualified borrowers, just as the number of cash buyers is dwindling. However, it is also important to watch the effect of higher rates on the ability to maintain debt, and new credit scoring models which are being developed.

New Loan Programs

Expect to see a variety of new loan programs come into the market. Few anticipate a return to the good old subprime lending days, but lenders could develop new programs which push the limits, in expectation of a strong market, and relaxing of regulations under the new White House administration.

Demand to Borrow

With consumer and business confidence strong expect demand for mortgage loans to increase sharply. This could be vital for mortgage lenders and brokers who are facing a dramatic drying up of refinance activity.

Easing, but Not Easy

Just because lenders want to make more loans, doesn’t mean that we’ll see 100% no-doc or NINJA or NINA loans making a comeback just yet. Lenders have been used to demanding a lot over recent years. It may be hard for them to change. They like making the rules and staying in control.

Competition for Capital

While there is still a lot of capital out there, expect there to be more diverse demands for it. Recently it has been drawn to financing investment property loans in the US. This year, expect foreign markets like Italy which may bottom out to attract big funds, for more crowdfunding portals to be battling for back channels to sell loans, and for there to be an increased split in between the desire to fund residential buyers and investors.

Transaction Funding

Transaction funding will still remain the most reliable, efficient, and easy to access types of investment property financing for wholesalers and flippers this year.

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10 Top Real Estate Blogs To Follow In 2017

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on Thursday, 05 January 2017
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Which real estate blogs should you be following in 2017?

Leaders read, and if you want to be on top of real estate and business trends it pays to be tuned into great information feeds. Blogs are a great way to get the latest tips, keep up with what’s happening out there, and spur creative thinking. You are probably already watching the big staples like Zillow, Houzz, and your local newspapers. Here are ten more worth checking out for new ideas…

1. Wills, Trusts, Estate

The willstrustsestate.com blog offers deeper insight into long term planning for real estate investors. Includes tips on finding the right estate attorney, legacy planning, protecting your real estate assets, and the tips of property to have in your long-term portfolio.

2. Mesocore

The Mesocore blog provides insights into the latest green home technology, building affordable homes, and designs for off grid vacation homes. Recently featured on the Discovery Channel.

3. Baluch Bulletin

Run by author, investor, and doctor, Amir Baluch MD, the Baluch Bulletin provides detailed insights on market conditions and data, as well as smart financial moves for busy professionals.

4. Legendary Custom Homes

The Legendary Custom Homes blog delivers an interesting look at how house flippers can find their own niche in the market. This firm specializes in teardown-rebuilds and major remodels to like-new in the Cincinnati, OH area.

5. Realty 411

Realty 411’s news feed offers updates on the latest nationwide real estate investment events, as well as exclusive interviews with CEOs and industry leaders at top firms like Rodeo Realty, B2RFinance, and more.

6. REWW

Real Estate World Wide’s blog publishes a blend of tips for finding motivated sellers and cash buyers, as well as building a fast-growing real estate wholesaling business.

7. Sky Five Properties Blog

Sky Five Properties is a Miami based brokerage headed up by Kaya Wittenburg. Via the blog Kaya, a multi-billion dollar producing broker, speaker, and former model, delivers thoughts on the future of real estate like floating homes, and luxury real estate design.

8. BiggerPockets

BiggerPockets’ carefully curated blog is one of the portal’s best assets. The forums can be a big distraction and wild goose chase for many investors, but the official blog offers a more organized and thoughtful chain of learning. Check out contributor Sterling White’s posts on building a real estate business, personal growth, and making offers on sight unseen properties.

9. Kent Clothier

Kent Clothier’s personal blog is a great resource for time management hacks and tools, staying motivated for investors, and ideas for giving back and making it go viral.

10. Best Transaction Funding

Last but not least; keep tuned into the BTF blog for more lists like this, educational pieces on deciphering market data and making the best moves, real estate marketing trends, and how to get your house deals funded.

Others worth checking out include CT Homes LLC which has become a model that has spawned hundreds of other real estate blogs, Rosa Houghten’s real estate blog for new ways to think about paying it forward and real estate fashion, as well as Black Belt Investors, which has now upgraded its multi-media blog to a multimedia member only online training platform.

 

What’s your blog? Which are your favorites to follow? Let us know so we can add them to the next list!

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5 Reasons To Sign BiggerPockets Petition To Stop Wholesaling Discussions

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on Thursday, 25 June 2015
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Why should you sign the new BiggerPockets petition to discontinue real estate wholesaling discussions?

A new thread on the online real estate forum Bigger Pockets is trying to drive a petition to end discussions about wholesaling on the site. So why sign and support it? Especially if you are a real estate wholesaler?

This petition attempts to take the battle against wholesalers to another level by just blocking discussions about it. Any wholesaler who has been in the game for 5 minutes has already heard plenty of arguments from Realtors, other real estate investing gurus, and investors about how ‘wholesaling isn’t really investing’, and more. Most are just intent on minimizing the competition, or are just wildly ignorant of how commerce works. Though this thread in particular appear to be kick-started by a house flipper that is brand new and is probably having a hard time finding deals thanks to highly successful and methodical wholesalers in his area. So if you are a real estate wholesaler, why should you back the petition?

1. Save Others from Dangerous Advice

No one can deny that like Zillow, the BiggerPockets forum has done very well at growing in size and visibility. Unfortunately, while there are some valuable conversations and wholesale deal making going on, the easy access means that much of the amateur advice being handed out to newbies is not just poor, but often downright dangerous. By clipping these conversations and amateur wisdom out, you’ll help save other new investors from a financial nightmare, and preserve the real estate industry.

2. Elevate the Real Estate Industry

By ending these discussions aspiring and new real estate investors will be encouraged, or have to seek out legitimate and quality investment advice and education from those that actually have the experience to help them. That won’t just save many from bankruptcy, but will help make daily business easier thanks to a more knowledgeable range of industry players, while preserving trust and efficiency. This is critical for those that desire longevity in the real estate business, and for their wealth.

3. Stopping Fueling Your Competition

Bigger Pockets now seems to hold the same type of position that Facebook did a few years ago. That is if anyone still remembers Facebook. Facebook got big, fast, and real estate professionals and businesses felt they must get on it to stay visible and relevant. They helped build the social network even further and invested a lot in it. Then Facebook bit them back, and essentially vaporized a lot of that investment. There is no telling exactly where Bigger Pockets is going. But today many real estate investors and businesses are feeling pressured to be included. However, like Facebook and Zillow, the more you invest in building someone else’ business, the harder it will be to keep your own website visible and to compete. So approach with care and balance.

4. You’ve Got Better Things to Do

You’ve got better things to do than waste time explaining yourself on BP. If you’ve got hours for conversation, and just hanging out, then get out and network, volunteer for charity, or mentor some local investors that are really serious about winning.

5. You Don’t Need All of Your Business Out There

You don’t need to put ALL your business out there. It’s shocking at how much some say on these public platforms that will keep those comments up for the world to see for eternity. Sharing is good, helping advise others is good, and quality backlinks are good. But too many investors are revealing too much. Some are openly admitting and recommending others commit real estate and mortgage fraud. You shouldn’t be doing fraud anyway, and maybe this is just a cry to the feds to be stopped and given some free rent and a nice jumpsuit. But it doesn’t seem very intelligent. Even more prevalent are newbie questions and revealing inside strategy. Remember that your online comments might be the first thing Google serves potential sellers and investors about you. If you are holding yourself out there as an expert and cash buyer, but then are seen to have been asking about flipping contracts, how to make an offer, or how to get away without fixing a tenant’s AC in the middle of 120 degree summer weather, just last week – that’s your reputation out the window!

So will you sign?

 

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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The Investment Property Mortgage Landscape in 2015

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on Thursday, 26 March 2015
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What does the mortgage landscape look like for investment property loans in 2015?

While Bloomberg Business notes that mortgage underwriting is becoming “incrementally easier” in 2015, the feds have opened up the gate to begin raising interest rates. These factors will have some impact on real estate investors as they evolve and grow. But for now the most important question remains “what loans are available for financing investment properties?”

Transactional Funding

Best Transaction Funding continues to fill the gap for property wholesalers. It provides 100% financing for quick flips. Normally without any of the credit, income, or asset demands of other loan types.

Find out how transactional funding works here

Hard Money Loans

Best Transaction Funding will soon be funding hard money loans from 1M+ (minimum) for select, serious, and experienced real estate investors with solid deals.

Hard money loans offer asset based financing for those deals and transactions that don’t fit the transactional or conventional loan model. They provide fast funding, without the hassle of traditional investment property loans from conventional banks and lenders. They can be great for new acquisitions, rehabbing, and refinancing.

Blanket Mortgage Loans

A variety of new blanket mortgage lenders and loan programs have emerged over the last two years. These programs can help investors with bulk property purchases, may act as bridge loans to unlock pent up equity in existing portfolios, and may streamline overall debt financing for buy and hold investors.

Private Money

Private individuals continue to be keen to put their money to work in real estate deals. For now they can offer better terms and easier lending than conventional lenders. The downside can be the extensive amount of work and time required to line up these relationships and financing. There may also be a substantial pivot in this trend as other lenders become more competitive in 2016 and beyond, and as they can obtain high yields from CDs.

Leveraging IRAs

Tapping IRAs and other types of retirement accounts to fund real estate deals has become increasingly promoted among the investment community. Self-directed IRAs do have great advantages. They can even be used in tandem with private money, transactional lending, and hard money. However, investors should recognize that touching the proceeds of these transactions might hamper their tax benefits. Highly active flippers should also consult their tax professionals to see exactly what the tax ramifications are for them.

Conventional Lenders

Traditional banks and mortgage lenders still have a lot of catching up to do. This is particularly true when it comes to LTV, paperwork burden, and speed. More exotic loans are making a comeback, but these lenders are rarely of benefit to most investors in the current market.

Summary

Investment property financing is still plentiful for those that know where to go, and work with the best lenders for their investment strategy. Whether, and how fast main street banks will be to catch up will be to be seen.

Make sure on our email notification list for first to know of new loan programs and features!

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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7 Small Ways To Generate Serious Wholesaling Lead Volume

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on Thursday, 29 January 2015
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What are the easiest, highest ROI ways to generate leads for real estate wholesalers?

Even though wholesalers have BIG goals, sometimes they only have the bandwidth for taking small steps in lead generation. New real estate investors can often find lead generation intimidating when they don’t have the time and cash to launch glitzy marketing campaigns, and are trying to break in to wholesaling while juggling a full time job or two. Even highly successful real estate investors sometimes run into cash crunches. Still, even when you have a sizable budget and plenty of spare time it still makes sense to demand the maximum ROI from everything you do.

Here are seven small, affordable real estate lead generation strategies that everyone can do:

Send Cards

Even if your marketing budget is virtually non-existent you can always find the time to send out a few pieces of mail each week. There are ‘yellow letters’, postcards, jumbo postcards, bi-fold and tri-fold brochures, and more. However, it doesn’t even have to be this complex. Simple thank you, holiday, and personal cards and letters can go a long way too. They don’t even have to be designed as sales pitches, as much as keeping in touch, and staying at the front of mind when people need your services.

Read: Smart Valentine’s Day Marketing for Real Estate Investors

Casual Networking

Wherever you live there is likely many nearby formal networking gatherings every quarter. However, there are also many ways to network directly with consumers and other professionals in a warmer and productive way while enjoying life a little more. This can be as simple as grabbing a round of golf together, hanging out at the yacht club, going for dinner, or hosting a BBQ on the weekends. Surprisingly you may find this is one of the best ways to generate leads.

Cruising Your Farm Area

We’ve all heard of driving through target neighborhoods and knocking on doors, but there are other ways to accomplish this too. In waterfront areas literally cruising in your boat might bring more connections. Or how about getting out of your vehicle and making it easier to spark natural interactions? Walk your dog, run, or dine in your target neighborhood every week.

Email Autoresponders

Email is still almost as close to free real estate marketing as you can get. It’s also one of the most effective for making sure every contact and lead you make eventually turns into a real deal. Whether designed as an email course, saying “Hi” a few times a year, or providing valuable alerts on local home values; everyone has time to pop a handful of emails into a system that will continue marketing for them even while they are sleeping, travelling, or working another job. If you don’t feel like a great writer, hire a freelance writer to craft them for you.

Related: Best Transaction Funding Reviews Trulia’s 2015 Marketing Plan

Show You Are Interested First

John Corcoran of Smart Business Revolution highlights that one of the best ways to build rapport and connect with power contacts is to show you are interested and are invested in what they care about first. This might be sending them referrals, buying something from them first, subscribing to their blog or social feeds, or donating to a cause they are.

Provide Broader and Longer Service

It’s crazy to see how so many wholesalers allow their offers to be shot down because they aren’t helping with the one main factor sellers care about the most, and how contacts are churned and burned, instead of being nurtured and multiplied into boat loads of warm real estate leads. Ironically it doesn’t even have to cost you a dime to do better in this area.

Expand your services, or bundle them to offer more value, and stay at the top of mind forever. Don’t just help motivated sellers get out of their homes. They might have to, but what they want and need is somewhere new to live! On the other side buyers need various services when moving in or fixing and reselling. Show you are invested in their long term success and keep following up. Partner with other professionals and companies that provide moving services, rentals, contractor services, financial planning, mortgage financing. They want the leads and your contacts need their help. In turn you’ll find loyalty, repeat business, and referrals.

Blog

Start or re-start a real estate blog, and blog every day.

Like this? Discover 6 Easy Ways to Spark Lead Generation here…

 

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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Is Wholesaling Illegal?

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on Thursday, 04 September 2014
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Some local municipalities around the country have declared "wholesaling" real estate as illegal.  They contend that selling houses without owning it first is a violation of the law and may require a license.


Not so fast...


 

PS: Apologies for the audio in advance.  As always, we try to give you the best content we can to help your business.  In case the audio is not clear, our guests are Maurice A. Thompson, the Executive Director of 1851 Center for Constitutional Law, and Vena Jones-Cox, aka the Real Estate Goddess.  Maurice's website is ohioconstitution.org and Vena's website is regoddess.com.

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Statistics Reveal Real Estate Web Re-Design Tweaks For Big Gains

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on Monday, 19 May 2014
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Is your real estate wholesaling website missing these key features which can deliver 70% more sales?

As the battle for more real estate business continues to move online, real estate website design is rapidly separating the winners and losers.

With great content and the right keywords even solo real estate investors and startup property wholesalers can beat the big 3 online listing giants at being found and attracting prospects.

However, unless real estate wholesaler’s websites work on everyone’s devices, and function well it doesn’t matter how much web traffic is generated.

Top rated Long Island web design firm Huemor, just hit the headlines with a winning recipe for creating sites that reportedly hold the power to dramatically increase reach and conversion rates.

Coverage by Bloomberg and The Wall Street Journal highlights new data showing:

  1. 25% of web users now only use mobile to get online
  2. Almost 90% of the top 100 websites new use responsive web design templates
  3. Google prefers responsive designs over mobile specific templates in search engine rankings
  4. Users are 67% more likely to make a purchase is they have a good mobile web experience

Huemor’s own website design also boasts a fresh and crisp HTML5 look which is the latest in web design. The additional benefits for real estate wholesaling companies to switch and re-design their websites using responsive templates, which automatically resize to fit users’ screens is it that they are built to accommodate any future new screens with no new design costs.

This firm’s website re-design even landed it in major news and financial publications, which suggests real estate companies could find great publicity as a nice bonus on top of more web traffic and higher conversion rates.

While real estate investors could drive themselves insane re-designing their websites at every new suggestion, the hard data does seem to show solid returns from going responsive.

Between a high traffic drawing, high converting website and unlimited working capital from Best Transaction Funding wholesalers should be able to enjoy all the deals they can handle, and more.

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HUD Transactions

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on Friday, 24 January 2014
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Case Study of HUD same-day, back-to-back transaction with BestTransactionFunding.com

How the B investor bought and sold a HUD property within 6 hours with the help of BestTransactionFunding.com


Using BestTransactionFunding.com Transactional Funding for HUD Transactions

Helpful tips in using BestTransactionFunding.com successfully with HUD same-day, back-to-back closings. How does one characterize our funding - cash or loan? Should the B investor bid for HUD properties as an entity or a natural person? And much more...
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CNBC Special

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on Wednesday, 01 January 2014
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Investor explains how transactional funding can be used by flippers



BestTransactionFunding.com featured on CNBC

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Transactional & Crowd Funding, The Perfect Combination For Real Estate Investors?

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Crowdfunding for real estate is trending hot, while many consider transactional funding one of the best things to have emerged from the recent financial and foreclosure crises. So combined together could they be an even more powerful tool for real estate investing, and wholesaling properties?

While the implementation of Title II of Rule 506 didn’t really pan out the way many had hoped, the JOBS Act has still been very beneficial for both real estate investment and crowdfunding.

A whole buffet of real estate specific crowdfunding portals are now popping up on the web, and the media is doing a pretty good job of raising awareness around this democratization of property and investment. In fact, some may speculate that if left unchallenged by banks too long main street lenders may finally find themselves displaced, no longer needed, and finally feeling the pinch from decades of arrogance and horrendous customer service.

However, despite the endless and amazing benefits that crowd-funding brings to the game for investors, there is still a large gaping void many need to fill to leverage it…

It’s fantastic that smaller investors can now go to the crowd to raise millions for their real estate projects, and bring about development that would never otherwise be possible, while increasing the wealth and incomes of individuals and families everywhere. However, there is still often the issue of securing a property and taking control of it in between discovering the deal and being able to cash it out with crowdfunding.

Whether it is just a matter of a deposit to concrete the contract or short term acquisition funds, if investors don’t have the means to lock it up anything could happen by the time a crowdfunding campaign actually becomes liquid cash. Some don’t realize that even after a campaign end date it can take 20 days to receive funds.

This is where transactional funding can come to the rescue and save the day (along with millions in profits). Transactional lenders can become an essential source of flash funding to fill the gap and make bigger deals possible. Without it, many find their crowdfunding attempts end up a complete mess.

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Wholesaling Green Homes: 3 Opportunities, 1 Warning…

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on Thursday, 21 November 2013
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Sustainable, greener homes are increasingly becoming more in demand. So what options are there for wholesaling these properties, and what are the pitfalls for real estate investors?

The eco-friendly trend has been trying to find its wings for a while. Related terms have certainly been trending in online searches and new technology and features have been rolled out non-stop over the last couple of years. However, until now it really hasn’t proven to be a great profit center for property investors, especially those wholesaling houses.

This is changing rapidly though, partially thanks to green elements becoming more affordable, greater awareness of the need for it, and just as significantly the need for home buyers and all investors to be more ethical and socially conscious, or take a beating to their reputations and career or business growth.

We’ve covered a number of emerging real estate trends on the Best Transaction Funding blog recently, but how do they converge with this, and what unique niches offer interesting opportunities for wholesalers?

Affordable New Homes

It’s common knowledge that many investors and huge private equity firms have recently turned their focus to new construction and newer communities. Many hot home builders like LGI Homes which focuses on no money down, affordable homes have been incorporating a lot of new energy efficient and green features too.

While this might appear to be a tough niche for wholesalers there are always discounts for bulk buyers from home builders, as well as opportunities to bank on new phases lifting prices and in fill lots, or builder close-outs.

Pre-Fabricated Homes

No, not mobile homes, but pre-fabricated, manufactured houses and condos which are mostly constructed off-site and then assembled and permanently fixed on the desired location can often see great spikes in values in short periods of time and could offer great profit margins.

100% Sustainable Housing

Combining affordable living, pre-fab and new construction trends all into one ultra eco-friendly residence a new breed of 100% sustainable hybrid homes has been launched by Florida firm Mesocore. This is certainly a trend to watch, with lots of potential.

A Word of Warning

 

With the current frenzied rush to develop land and recycle abandoned buildings real estate investors and wholesalers not only need to be careful what they buy, but what they sell too. In a recent case in Detroit and old industrial property converted into condos contained major environmental issues. Naturally the builder went broke and vanished leaving Realtors and resellers on the hook for the damage to the tune of hundreds of thousands of dollars.

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