Viewing entries tagged buyers list Subscribe to feed

How To Do More Wholesale Real Estate Deals This Summer

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 13 April 2017
BestTransactionFunding

Peak real estate season is coming up fast. How can investors do more wholesale deals in the months ahead?

Late spring and summer brings the highest volume of real estate transactions for the year. Those who excel during these months gain a great advantage in incoming cash, building a marketing budget for the rest of the year, and in generating ongoing referrals and repeat business. What can property wholesalers do to maximize the number of deals they get done this season?

Build Your Buyers List

In order to flip houses fast and maximize deal volume, build that buyers list in advance. Build your list of lenders too. Have the money and end buyers lined up so that as soon as you get deals you can turn them around and fund the next one. This can be done via direct mail, networking, Facebook, Google Ads, and more.

Market To Sellers Early & Often

Once school is out every Realtor and wannabe investor, along with a new lineup of websites is going to be vying for attention and marketing to these potential sellers hard. Then you have to compete on price and branding. It’s far easier and more profitable if you start connecting and building relationships before the rest of the pack. When they are ready to sell you should already be their first choice to pick up the phone and contact.

Make The Move Easier & More Attractive

Despite the sense in buying, selling, or investing this spring and summer, many will find a variety of excuses to hold back. For some it is the uncertainty of moving into a new neighborhood. For others it is navigating the mechanics of moving. Then there are those who are worried about how their family will handle the move. Teardown these objections in advance. Use your real estate blog to provide clarity on the lifestyle in different neighborhoods and how investments there are likely to perform ahead. Create referral relationships with movers and Realtors to facilitate a smooth process. Team up with new apps that make transferring utilities and forwarding mail a breeze. Build a sales and moving experience clients will rave about to others.

 

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.

Rate this blog entry
0 votes

How To Use Meetup To Build Your Buyers List

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 16 February 2017
BestTransactionFunding

Need to build your real estate sellers or buyers lists? Can Meetup.com help?

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

Meetup

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

Get Out and Network

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

Start Your Own Meetup Groups

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

How will you use it?

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

Rate this blog entry
0 votes

6 Tactics to Minimize Risk in Real Estate Investing

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Wednesday, 24 February 2016
BestTransactionFunding

How can real estate investors kick risk to the curb, and maximize the upside?

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

1. LLCs

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

2. SD IRAs

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

3. Stay Liquid

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

4. Due Diligence in Advance

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

5. Multiple Exit Strategies

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

6. Build that Buyers List

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

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

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

Rate this blog entry
0 votes

The Keys To Out Of Area Real Estate Wholesaling Success

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 15 October 2015
BestTransactionFunding

What are the keys to successfully wholesaling out of area properties?

Many real estate investors are finding a growing need and desire to invest out of their local areas, and even out of state. For some it is simply for diversification. For others it is a need to find deals with better spreads. It can be a smart and profitable move, and it can be a lot easier for wholesalers than for rehabbers and landlords. But property wholesalers certainly need to make sure that they are prepared before branching out into the unknown.

Know the Numbers

There can be a lot more to the numbers in a destination than a simple snapshot on one day, or a chat with a single local real estate agent can reveal. It’s worth looking into historical data, talking to other local property investors, and even quizzing appraisers. It’s worth a trip too.

Investor Friendly Business Partners

You’ve got to have investor friendly business partners on the ground to ensure smooth transactions. You need them lined up before you go to contract so you aren’t scrambling, and risking missing closing dates. Make sure you have a transactional lenders willing to fund in that market. Make sure you have investor friendly title companies willing to fund your type of deals too. Here’s an investor friendly title company in MI, and an investor friendly title company in FL. Don’t forget inspectors either. If you can’t make it to walk through every deal, you at least need someone you really trust with boots on the ground.

Buyers

Wholesalers will want a buyers list lined up for any new markets too. It may be worth curating a buyers list just for that market instead of spamming good subscribers with deals they don’t want. It can also be more challenging to try and sell investors on an area, and then a property, versus just finding those that already want deals there.

Automation

Look for as many automation tools as you can to streamline your wholesaling business. This probably includes smart locks which can be remotely operated, and online file sharing for documents.

Maximize Your Budget

Be strategic in order to get the most out of your budget. It may pay more to focus on one area at a time, conquer and expand, versus spreading your marketing budget and time thinly all over the map.

 

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.

Rate this blog entry
0 votes

Is it Time to Delete Your Real Estate Buyers List?

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 01 October 2015
BestTransactionFunding

If your wholesale real estate deals aren’t moving, is it time to scrap that buyers list and start over?

The buyers list continues to be a vital tool for real estate wholesalers that want to flip houses fast, stay on the right side of the law, and use transactional funding to minimize risk, and maximize returns. But what if your list isn’t working? What if you aren’t seeing the results when you blast out new deals, or even get complaints?

What’s the Problem?

If you list isn’t responding it’s worth asking why. Is emails are getting opened but no action is happening, it could be they aren’t loving the deals. This can be really frustrating for wholesalers. You might be blasting out marketing emails with low $7k or $10k wholesale house deals, but getting no answers. When was the last time you asked your list what they want to see more of? Less of? You might separate your list by criteria so that you aren’t spamming and creating immunity to your emails, and can increase conversions.

Dialing Back

Sometimes investors just have the wrong people on the list, or don’t have enough trust.

If you have a list of buyers that know you, like you, and trust you, and are honestly interested in investing – you’ll do fine. But how do you get there?

One of the biggest challenges for marketing in all types of fields is that rushing to build lists fast can also lead to junk lists with lower conversion rates. Remember the goal. That’s probably selling more properties, fast, and profitably. A disconnected, poorly targeted list can often cause business owners to start making more mistakes to please a list and boost metrics for a list that isn’t going to convert anyway.

In some cases it might be smart to ask if people want off. In others may be the key is dialing back, and ensuring you have laid the foundation for attention, credibility, and high conversion rates. Some great questions to ask here are have you made yourself accessible to them, given value first, and showed interest in your list member’s interests? If you do this first, by the time you send that email with a wholesale deal they’ll eagerly make time to open it, and if at all possible act on it. Even if they can’t buy it right now, maybe they’ll want to help you so much that they’ll pass the opportunity on and recommend it to their friends and colleagues.

Conquer Objections Upfront

People are so busy today that they don’t have time to call or even email you to ask questions or voice concerns. You may be sending out well priced deals with accurate repair and value information, but are you providing them with lender details for funding that deal, highlighting how great the area is, and why it is worth buying? In same message?

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.

Rate this blog entry
1 vote

Real Estate Wholesalers: How to Give Your List Building Some Juice in 2014

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Wednesday, 19 February 2014
BestTransactionFunding
List building is critical to profits from wholesaling real estate. What are you doing to boost your list in 2014?

The importance of list building for wholesalers can’t be ignored or underestimated. Having a strong buyers list means being able to flip houses fast, take advantage of more opportunities, being able to leverage 100% financing from Best Transaction Funding, and adding profits to every deal thanks to speed and great relationships, not to mention maximizing marketing ROI.

Your buyers list may be your best ally and asset in the months ahead. It can prevent your business volume from being impacted by constant Google SEO changes and the cyclical nature of other marketing channels.

So how are you going to bulk up your list?

1. Offer Perks
Offer cool perks in exchange for personal data and referrals to your list.

2. Better Website Themes
Your theme could be list blocking you. Maybe it’s time for a new upgrade to a sweet looking HTML5 theme or better WordPress template which makes your opt-in form a magnet.

3. Better Blogging
Get serious about blogging. Post better blogs and more of them.

4. Social
Don’t just build your list via your website. Build your list directly on social networks too. Think iFrames on Facebook and get Instagram if you haven’t yet.

5. Burn Your Business Cards
Are your business cards a lame excuse for not insisting on getting contact information on the spot? If so ditch them and trade email addresses, phone numbers and social likes with everyone.

6. Landing Pages
Launch a new landing page and promote it. Consider contests, offering exclusive information and access to secret off-market properties.

7. Drive in New Traffic
Drive in traffic from new sources. Who haven’t you been reaching out to or getting in front of? What about using Adwords, Facebook, Slideshare, Amazon, other blogs and online magazines?
Rate this blog entry
1 vote