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Setting & Achieving Your Wholesaling Goals

by blogger1
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on Wednesday, 24 May 2017
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Real estate wholesaling isn't a hobby. If you treat it as such, you'll probably never achieve your real goals. However, when you treat wholesaling as a business and you set solid goals, you'll have the ability to achieve them.

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

Your First Month

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

Goals for your first month include:

Choose 1-3 neighborhoods to target

Find 5-10 potential buyers

Get the phone number and email for each potential buyer

Your Second Month

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

Goals for your second month include:

Do market analysis and choose your target area

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

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

Set up all the necessary details for your marketing

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

Reaching $100,000 Per Year

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

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

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

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

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

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7 Real Estate Wholesaling Marketing Channels To Embrace For 2017

by blogger1
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on Thursday, 15 December 2016
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Which marketing channels should real estate wholesalers be ramping up to dominate in 2017?

Along with funding for deals, marketing is vital for real estate investors. Get ahead of the competition in your marketing to sellers and buyers, and you’ll dominate the market and control the flow of deals and profits. So, which types of tactics and media do you want to be investing in to really get rocking and do more deals over the next couple months?

1. YouTube

Video marketing is definitely trending. More and more consumers are digesting video content, and this is only likely to continue as devices and internet speeds get better. It’s as close as you can get to in-person marketing on the web. Now is the time to set a video content production and publishing schedule, and make a new Year’s resolution to stick with it. Don’t allow quality to become and excuse to stall and not get started. You don’t need a bunch of fancy equipment. What’s really most important is being unique and authentic, and offering value.

2. Instagram

Instagram appears to have totally kicked Pinterest’s backside when it comes to getting results in real estate marketing. All investors and wholesalers should really be on Instagram. Again, come up with a plan for posting something daily, and make it a priority. Use hashtags, mentions of other handles, and location based posts to increase engagement. You can use video on Instagram, but the data suggests still images perform better.

3. Blogging

Text content is only becoming more important. The analysts, top investors, and big corporations are all in agreeance on that. You’ve got to be producing good content on a consistent basis. Just make it interesting and valuable. Avoid the urge to just churn out filler content. Choose quality over quantity.

4. Off-Site Content

Don’t just publish new content for your own real estate website either. Guest posting spots on other sites, in magazines, and in the news can all be powerful ways to hack lists and leads in bulk, while boosting your brand visibility.

5. Live Events

The entertainment industry is a $2T business. That dwarfs most other industries, including many real estate sectors. While our lives may have mostly gone digital, and perhaps because of it, people want to get out and experience things in the real world more than ever. So, host engaging open houses, educational meetups, and collaborate with other business partners on interesting events that get people out and allow you to interact in a warm way.

6. Direct mail

Direct mail is still an important part of the marketing mix. It can still work, and be profitable. However, rather than going cheap and broad, consider being more targeted, creative, and invest in quality pieces which will really stand out and get attention.

7. Mobile Apps

 

Mobile apps continue to be among the best ways to stay in front of customers and keep engagement and transactions up. Mobile friendly websites are a must, as is mobile search engine marketing. Yet, apps continue to take over and become very key native advertising and branding tools. It might cost you less than you think to develop your own app, or even brand and existing app and make it yours.

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

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Introducing HomeNotes - Record notes and home photos on your iPhone or iPad

by press
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on Friday, 06 May 2016
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HomeNotes_Logo.png


The perfect home buyer app that lets you record notes and pictures as you tour a property. Review and share your reports with others from your iOS device or computer.


- FEATURES -

Use standard room names or add your own custom names

Pictures can be loaded as you tour the property or loaded later

Share your reports with friends, family, or clients

Pre-filled valuation spreadsheets (mortgage calculator, ROI)

Agent version allows agents to view their clients’ activity

Quick 4-star rating

Access all your property reports from iPhone, iPad or computer



HomeNotes is free for the first 10 properties.

Pro Version with unlimited properties is a $4.99 / month subscription.

Subscribe now to HomeNotes and get $2 off the first month with code "BEST"!



 

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Best Transactional Funding on the Radio

by press
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on Wednesday, 09 December 2015
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We were recently interviewed by Vena Jones-Cox on WMKV 89.3FM (Cincinnati, OH) on Transactional Funding Fundamentals.  It is also on the archives of Vena's website, RealLifeRealEstate.com.

Check out this informative and insightful radio interview:  http://tinyurl.com/BTFonRadio

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HUD Transactions

by webhelp
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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

by press
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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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