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You Should Be Tapping Other Real Estate Investors For Deals

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on Thursday, 28 July 2016
BestTransactionFunding

Need more real estate deals to buy and flip? Maybe tapping other investors is the key?

Real estate wholesalers are really spoiled when it comes to the ability to scale and do volume business. With transactional funding in their pocket wholesalers are really only limited by the number of deals they can find and their systems to take them on quickly and process them. Yes, end buyers may be a factor, but with Brexit and concerns over the stock market and bonds there is really no shortage of them. The question facing most is where to find more acquisitions?

There are many ways to find more inventory. You can tap Realtors and the MLS, or go direct to FSBOs, as well as those representing estate and probate properties. However, there are also some powerful reasons to look to your peers.

Other investors can be easier to work with. They understand the business and deal structuring. So they can be easier to negotiate with and close. Right now we also have a lot of investors with property to unload. Many are highly motivated, and can be pipelines with whole streams of deals.

This includes lenders who have taken back property as OREO. But it also extends to aging landlords who want to cash out while rates are low, novice house flippers who have found them stuck and out of cash due to failing to work the numbers correctly, and even other green wholesalers who have been finding deals but lack the capital or buyers or know-how to cash in on them.

There are a number of ways to find and connect with these motivated investors. Via real estate agents, direct mail, networking at local events and clubs, driving neighborhoods, establishing an online presence in this niche, referral partners, and tapping online real estate forums.

Equipped with transactional funding you can get out there and take on great amounts of deal flow, while bringing fresh cash to the mix. However, even though this may seem like an opportunistic opening; look for ways to create true win-win solutions and build your reputation and relationships. Make them feel good about the deal and open the gates for many more transactions to follow.

 

Authored by BestTransactionFunding.com - the leading source of transactional funding and for real estate wholesalers in the US. Request your Proof of Funds Letter today and go get those deals!

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Make This Spring Break Your Launchpad to More Wholesaling Deals

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on Thursday, 10 March 2016
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Make Spring Break 2016 your pivotal moment to wholesaling more real estate deals.

Want to wholesale more real estate deals this year? Plug into these strategies…

Take a Break

Don’t neglect to take the break. It is equally as important charging forward. Take time out this Spring Break to think, set bigger goals, strategize, and recharge.

For those not excited about clashing with hordes of drunken college kids this Spring Break, The Active Times recommends considering these inspirational and relaxing destinations:

  1. Tulum, Mexico
  2. Portland Oregon
  3. Dublin, Ireland
  4. Savannah, Georgia
  5. Nice, France
  6. Playa Tamarindo, Costa Rica
  7. New York, New York
Spring Clean

This is the time of year to kick the old to the curb and to make way for the new:

  • Spring clean your office
  • Restructure your portfolio
  • Clean up, organize, and backup your files
  • Make over your real estate website
  • Update your marketing messages

Capitalize on Easter Themed Marketing Opportunities

Easter is one of the most exciting and powerful times of the year for real estate marketers and wholesalers.

Capitalize on extra online traffic with Easter themed content, blogs, and social media activity. Take advantage of more people being off work, less rushed, and out and about with yard signs, and Easter themed open houses. Host seasonal networking events. Choose from beach themed backyard BBQs for adults, or Easter egg hunts for families. Build those buyer and seller lists.

Line Up New Capital & Finance Sources

Take the time to connect with and line up new capital and lending sources that can keep up with your big real estate goals for the year. Pool private capital, obtain Proof of Funds letters from transactional lenders, get back up hard money lenders lined up, and learn about the best retail home loan programs for financing your end buyers.

Then TAKE MASSIVE ACTION!

Authored by BestTransactionFunding.com - the leading source of transactional funding and hard money loans for real estate wholesalers; where 100% financing, and saying “Yes” is what we love doing all day.

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10 Tactics To Maximize The Success Of Your Next Real Estate Event

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on Thursday, 03 March 2016
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Hosting or exhibiting at a real estate event this year? Here’s how to crank up the results…

Every event is important. Each one will either snowball the buzz and ROI of future events, or will put up barriers. No matter what your role, you can help elevate the success. And while quality is important, you don’t have to go broke to improve effectiveness.

Try these tips…

1. Location Selection

The location can easily make or break the event. This isn’t just about how fancy or well known the hotel or convention space is either. How easy it is for visitors to get in and navigate it is equally important. If you can’t get there to preview it in person first, then get someone on the ground to give you a video walk through of pulling up, parking, and getting to and around the event space.

Timing is also critical. What time are locals used to going to events like this? Morning, brunch, or happy hour?

2. Widen Your Outreach

Who are you directly promoting the event to? Existing lists, cold prospects on the internet, or locals via the radio? Don’t overlook the massive pools of industry professionals in the area and their spheres of influence. For a couple hundred bucks or with the right approach you can probably obtain lists of local Realtors, mortgage professionals, members of investor groups, and the Chamber of Commerce. In any reasonably sized metro area this is thousands of additional potential attendees.

3. Create Affiliates

If people really love what you are doing and your presentation they might share it with their groups. If you don’t want to leave this to chance, then find a way to really motivate them as affiliates. Perhaps that is cross collaborating to market to each other’s lists, or it may be compensating them monetarily. That could be as little as a dollar per click, $10 per registration, or as much as $100 for each person they refer which actually buys a ticket AND shows up.

4. Have Lenders & Credit Providers On-Site

If you or your vendors are selling something it can help to have credit providers on-site. This may be mortgage lenders, transactional funding lenders, hard money lenders, credit card companies. They should be able to provide pre-approvals or proof of funds letters on the spot. If that isn’t an option have vendors accept PayPal which can facilitate Bill Pay credit to pay over time, or access to lines of Working Capital.

5. Countdown Messages

People are insanely busy today. If they signed up for an event two months ago chances are they have completely forgotten about it already. That might even apply to last week. There is a massive disparity in registrations to actual attendees. Experienced event planners get that this is where they can really make a difference in the number that shows up on the day, and in turn the sales that actually happen. There should be countdown messages at least weekly in the run up to the event. The last week may include daily messaging. Then hone in with a serious countdown the 24 hours prior to, and even once the event kicks off. This messaging may include emails, social media, customized video messages, phone calls, text messages, and even mailing physical tickets or thank you cards. Reach them in their favorite medium, and blow them away prior to the event. That will set them up mentally to love it, and encourage sharing. Send them messages or images of custom items or gift bags you have curated just for them personally and get them in. Each vendor should also be provided with customizable messages and social posts they can send to their own groups, without having to think about it. Perhaps organizers will even them offer a discount on exhibiting based on how many attendees they bring in from those messages too.

6. Clear Instructions, in Advance

Make sure clear instructions and expectations are sent out well in advance. That applies to exhibitors and attendees. Do they need to be there a day early to set up or mingle? They need to know that weeks in advance, not 3 days before. What is the agenda? Is it an event they can pop into at any time during the day, or for one of multiple days, or do they need to be there from kick off to close? When it comes to speakers it may be best to start with your best, preferred line up, and then take them out if needed later, than to start pushing invites with a lackluster lineup. Though a surprise bonus guest is always a welcome move.

7. Active Social Media during the Event

Spark active social media during the event. Invite bloggers, travel writers, magazines, and the press. Record and publish video testimonials. Have live Google Hangouts, set up a blogger lounge, use unique #hashtags. Generate buzz.

8. Create Engaging Experiences for Attendees

A super successful event isn’t just about the quality of information delivered, or a beautiful room. It is about emotions, experience, and creating raving fans that will tell others. Create group huddles over coffee during breaks, bring in lunch (potentially sponsored by a local restaurant), host a pool party afterwards, or organize a tour of the local area if attendees are coming from a long way away. Play on your theme with fun things to do i.e. if you are talking about tactics give attendees nerf guns and have them compete to win a prize.

9. Optimize Follow Up

Optimize and automate follow up. The relationship and returns should just begin with the event. Have ipad registration and collect emails, phone numbers, and social handles. Then automate ongoing follow up. Send out video clips of the event, photos to share, and vendor details.

10. Turn Each Attendee into an Affiliate

Each attendee should become an advocate for the next event. Recruit them to help market the next one. Let them earn a free ticket or make money to buy products if they couldn’t before, by helping secure more registrations.

Following the above tips, most of which are very inexpensive or free, can dramatically catapult impact, action, and ROI. Try them out…

 

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.

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The New Foreclosure Boom and How to Find Cash Buyers on Autopilot

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on Thursday, 18 September 2014
BestTransactionFunding

America is warming up to a new foreclosure boom. So where is the unlimited funding for wholesaling higher volumes of distressed property deals? How can new cash buyers be found for your list, on autopilot?

Out of the Shadows… New Wave of Zombie Foreclosures On the Loose

Real estate entrepreneur Brecht Palombo recently packed his family up in a metal RV and hit the road, heading from New England, to the West Coast, in hopes of making it to British Columbia.

He’s not a survivalist escaping the walking dead, but a member of a new tribe of location independent real estate CEOs. Armed with a 20GB mobile data service, Bank Prospector software for tapping into non-performing mortgage loan statistics, and having put his real estate business on autopilot Brecht is on a yearlong exploration of US real estate markets.

So far he has uncovered libraries with blazing fast Wi-Fi hotspots, obsolete commercial real estate obstacles, mountain biking trails built by the Army Corp of Engineers, and is surveying large swathes of the $250B in defaulting mortgage notes and REOs held by US banks.

While the media is just beginning to catch a glimpse of the tip of the iceberg of this new wave of foreclosures, there is far more distressed property inventory behind the scenes for aggressive real estate wholesalers to bank on, if they are willing to reach out and make the effort.

Several New York towns have turned to tearing down thousands of zombie foreclosures to makeover neighborhoods. The Palm Beach post just reported new foreclosures rising by 74% in August 2014, even though FL is pegged as one of the strongest investment markets in the country.

In order to land more wholesale deals Brecht advises “The best way to succeed in this game is to get yourself informed about the challenges and opportunities with the lender by reviewing their reports. Next you call in at as high a level as you can muster and you have a real conversation about what you see. After that you let them know how you can help and you do it persistently. I go in depth in the academy (DistressedPro.com) with what a good prospecting plan looks like, what's important to banks, how to identify the right ones etc. When you're informed you'll spend less time prospecting and more time working with real decision makers doing deals. Blind prospecting and uninformed cold calling is about the worst business plan there is in today's environment.”

Creating Your Own Mobile ATM: Access Unlimited Cash and Cash Buyers

There is no shortage of cash or cash buyers in the current US real estate market. CoreLogic recently reported South Florida transactions were now almost 60% all cash. More individual and institutional investors are experiencing increased liquidity as they turn to fixing and flipping houses versus buy and hold, to benefit from recent rises in equity and avoid property management drain. New reports have also shown that nonprofits are hungry for deals after having been blocked from buying at foreclosure auctions by big for profit equity funds.

BestTransactionFunding.com provides unlimited funding for wholesalers need Proof of Funds letters and acquisition cash for back to back wet closings. Wholesalers may also benefit from hooking up their buyers that need financing with new lenders like B2RFinance or RentalHomeFianncing.com which provide long term end financing and credit facilities for buying and holding rentals.

While there may be no lack of cash or wholesale deals to be done those investors that want to still be able to enjoy the freedom and rewards will find using the web and tech tools essential. Mr. Palombo recommends ensuring you are using a professional email address, and harnessing the power of email marketing, while The Agent Institute just launched a new PPC coaching program and series of free videos on using Google Adwords for marketing for buyers on autopilot.

In summary; there are no more excuses for not enjoying more mobility, freedom, finding distressed property deals, cash buyers to flip them to, or the money you need to hit your goals…

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