Viewing entries tagged 100% financing Subscribe to feed

The Best Real Estate Strategy For Starting Out?

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Monday, 14 August 2017
BestTransactionFunding

What is the best investment strategy for those just starting out in real estate?

Real estate has a place in everyone’s finances. It may either be the primary means of making money and building wealth, or just a core investment which provides essential diversification. So, what’s the best way to get started?

The truth is that the best real estate investment strategy for you may depend on several factors. That may include; the resources you have to start out with (time, money, credit, and skills), and what you like to do. Here are three of the most common and sound ways to get going.

Turnkey Rental Property Investing

Turnkey rentals can be ideal for new investors. They don’t require much time to source, secure, and manage. They don’t require you to be an expert in all areas of real estate. Great providers can bring you quality investments, and handle everything for you. You just put up the money, or combine a down payment with investment property financing.

Private Lending

Those who have a good amount of money to invest may find private lending even easier than rentals. You simply provide your funds to active investors who go out and take all the big risks and do the hard work. You get a set rate of return. This can be done by investing in notes, or negotiating individual loans directly with front line investors. This gets even easier if you invest through a sold asset manager or mortgage broker.

Real Estate Wholesaling

For most, real estate wholesaling stands out as the best initial strategy. It is far easier, and less risky than fixing and flipping houses. It doesn’t require the expertise or substantial capital needed for private lending or buying and managing rental homes or apartments. Wholesaling is faster to learn and can help new investors master the basics, with the smallest amount of risk, and for the fastest returns. It is perfect for those light on resources, and who need to start generating cash fast. It can either be used as a stepping stone to other types of investing, or can become a seven figure plus business.

Summary

There are several great strategies for getting started in real estate. This includes; turnkey rental property investing, private lending, and wholesaling. What’s best for you depends on what you like, and how much time and money you have to begin with. Those thinking about wholesaling can get a free approval for up to 100% financing on their first deal with Best Transaction Funding.

Rate this blog entry
0 votes

Dealing with a Hot Lead Turned Cold

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 18 May 2017
BestTransactionFunding

Sometimes, sellers go from highly motivated to kicking the tires and dodging your calls. When you work in real estate wholesaling, this is a part of the gig. Dealing with a hot lead suddenly turned cold can be difficult and overwhelming, especially if you're new to wholesaling.

After settling on a price and getting ready to close, everything can change in a second. Maybe someone told your seller the price was too low or you discovered there's a co-owner that hasn't signed off. Many things can take a motivated seller and turn them cold.

While this is a normal part of wholesaling, there are ways to deal with it. If you have a hot lead that's suddenly turned ice cold, here are some of the things you can do.

Immediate Contract

One of the easiest things you can do to avoid watching a new hot lead go cold is get the contract signed immediately. This won't guarantee anything, but it will certainly help.

Keep Leads Coming in

Automated marketing helps to keep your leads coming in, which will help offset a hot lead going cold. When this happens, it may be easier to concentrate on the next deal than let a potential seller drag you around, dodge your calls and make excuses as they continue to waste your time.

Do Your Homework

It's possible a seller could have sold the property a day or two before. The tax record may show they still own the property, but they don't. When you do your homework, you may be able to discover this fact before it's too late.

Ask for a Non-Refundable Deposit

Hot leads are not just sellers, but also buyers, and they can go cold, too. The best way to keep buyers from walking away from the deal is to add a clause into your contract stating the buyer has to put up a non-refundable deposit with an attorney within 24 hours. You can even tell the buyer you will continue to market the property until a deposit has been made with an attorney or a title company.

Real estate wholesaling isn't always cut and dry. Some days are more difficult than others and you really do have to take the good with the bad. Hot leads will go cold, but you can do a few things to mitigate your damages. Make sure you do your homework, get the contract signed ASAP and keep new leads coming in. With buyers, get a deposit as soon as possible to ensure they don't walk away from the deal.

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

Real Estate Financing Trends

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 27 April 2017
BestTransactionFunding

What’s trending in the real estate financing space now?

Here’s what’s changing in the market as we roll through the second quarter, and into the second half of 2017…

Rising Loan Volumes

The Mortgage Bankers Association, analysts, and individual lenders are expecting loan volumes to rise this year. Commercial real estate loans are predicted to hit new highs in 2017 and 2018. That’s following RealtyTrac’s annual house flipping report which shows far more flippers are now using financing. Buy and hold real estate is still popular too, yet many rental property investors have most of their capital tied up in equity and will need to use leverage to expand their portfolios this year.

Higher LTV Financing

Lenders are expanding loan programs with new higher LTV options. In addition to 100% transactional funding, VA and USDA loans, private lenders and rehab lenders are also moving closer to offering 100% financing for fixing and flipping houses and small multifamily properties.

Declining Credit Score Requirements

Various efforts are being made to reduce credit scores used in underwriting. How much relief this provides to investors will depend on how front line mortgage originators adopt them. Many are still being far more stringent than the secondary market demands.

True Stated Income Loans

Alternative documentation loans have been on the fringes of the market for a while. Now we are finally seeing more lenders offer stated income loans for investors that don’t require tax returns, or even bank statements.

Equity Sharing Loans

Lenders are bullish on the market continuing to grow. More are wanting a piece of that rising equity, in addition to interest and origination fees.

JVs

Savvy investors and lenders are increasingly partnering up. This can be a great strategy for expanding, while minimizing risk, increasing diversification, and gaining access to more lucrative investments.

 

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

4 Trending Real Estate Investment Strategies In 2017

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 20 April 2017
BestTransactionFunding

What real estate investment strategies are trending this year?

The market is changing. Most housing markets are becoming more expensive, interest rates are going up, and many investors are switching up their strategies. So, what’s trending now?

1. Reverse Wholesaling

For those seeking low risk investing, and low capital outlays, reverse wholesaling can be the perfect REI strategy. Instead of finding deals, and then trying to line up funding and marketing for buyers, reverse wholesalers find the buyers first. Then with transactional funding they can turn deals around in a matter of hours. They know their exit before they get in.

2. International Investing

There is set to be a significant amount of cross-border investing in 2017. The majority of global investors surveyed say they plan to increase their investment in American real estate this year. That will account for a sizable percentage of the $1.7T in capital these investors have to put to work this year. At the same time many US based investors may again begin investing offshore. Among this group are those looking to diversify their buy and hold portfolios, those hedging against and American real estate downturn, and those looking for less expensive assets with better cash flow.

3. New Construction

In many areas it has become cheaper and more profitable to build new rather than acquire exiting distressed properties. Some are engaging in gut rehabs of older properties or are expanding with additional square footage. Others are building spec homes to flip, or fourplexes to rent out for cash flow.

4. Partnerships

With many new investors trying to get into the market, and experienced investors looking to diversify and spread risk of any local downturns, more investors are partnering up. Real estate crowdfunding is one way to do this. Others are teaming up with a few peers to take on rentals, and some lenders are offering JV opportunities which provide 100% financing and equity sharing.

How will you invest this year?

 

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

Where To Find The Money To Flip Houses In 2017

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 02 March 2017
BestTransactionFunding

Where can real estate investors find the money to flip houses this year?

The US real estate market is surging again. Home sales hit a new 10 year record in January 2017 according to NAR and Inman. Yet, it still takes money to make money. So, where can investors find the capital to get started, expand, and make the most of the opportunities?

Lines of Credit & Personal Loans

Despite all of the gurus proclaiming the ability to flip houses with no money and no credit, investors will find they run into expenses. They may find 100% financing for property deals, but there is still due diligence, gas money, and marketing. Personal or small business loans and lines of credit can provide essential working capital, and the flexibility to use it for everything from launching a real estate startup to rehabbing homes. Do expect lenders to demand a reasonable credit score, and normally an existing LLC or business entity to have already been set up for those seeking commercial funding.

Blanket Mortgages

For those who already own portfolios of income properties free and clear, or with significant equity a blanket mortgage can help. These mortgage loans can be used to leverage equity from part or all of a portfolio to bridge out and acquire more property. It provides liquidity to act as a cash buyer, with the simplicity of one set of loan documents.

Commercial Conduit Lenders

A new breed of mortgage brokers and conduits are setting up shop, and are aggressively marketing themselves to investors. They may offer lines of credit, blanket loans, and short-term fixed rate mortgages for rehabbing properties. Many now offer stated income loans. Most still expect significant skin in the game from investors, and often want to see a recent track record of successful acquisitions and exits.

Transactional Funding

Transactional funding lenders provide short-term funding for real estate wholesalers. This is typically 100% financing for back to back house flips. Often no appraisals, credit, or income verification is required. It’s fast and easy to get, and rates can be lower than hard money.

 

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

Use Transactional Funding To Do More Real Estate Deals

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 27 October 2016
BestTransactionFunding

Want to do more real estate deals?

Who doesn’t right? For many investors transactional funding may be the key to doing more deals. We’re not just talking about boosting your deal volume over the next 12 months, but turning all those leads in your database and on your desk into deals this month.

There is a lot of noise out there in the mortgage lending space right now. Unfortunately, a lot of it just leads to dead ends, dead deals, wasted time, and frustration for real estate investors. So how can Best Transaction Funding Help?

Get Bigger Deals Done

Transactional funding can be ideal for getting those bigger deals done. Perhaps you are wary of taking on a big mortgage or rehab project, but the numbers on the deal work. Transactional funding can be used as ‘dough for a day’ to lock that property down and flip it fast. There are still lots of cheap properties out there, but would you rather make 50% profit on a $40k home or a $4M home?

Get Distressed Properties Financed

There are tens of thousands of distressed properties out there ripe for the flipping. Of course, many of them simply can’t be financed by traditional channels. This can be due to simple issues with missing appliances, worn roofs, old termite damage, or it could be critical fire or hurricane damage, foundation issues, or complete teardowns. Don’t leave these deals for the next guy. You’ll be kicking yourself when another investor makes a mint on them. You don’t have to do the repair work, or put up the cash to fix them. Transactional funding will let you flip them fast to rehabbers or cash buyers, and make a nice profit in the process.

Overcome Liquidity Challenges

It always seems like the best deals come along right when all of your cash is tied up in another deal, right? Don’t let that stop you. Best Transaction Funding offers up to 100% financing, including closing costs. This means you can keep marketing, churning out those deals, and bring in the profits.

No Limit Lending

Too many other lenders still have antiquated limits on the number of loans or dollars you can have out there on credit. At Best Transaction Funding it doesn’t matter. The more deals you’ve got the better.

 

Authored by Best Transaction Funding - 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

Zombie Homes Offer Big Potential This Halloween

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 20 October 2016
BestTransactionFunding

There is a horde of opportunities out there for real estate investors this Halloween.

Zombie homes, vacant homes, and distressed properties are running rampant out there. There are still thousands of them. At the same time there is a huge appetite for investment properties and housing. Some cities still have tens of thousands of vacant homes, while investors battle over sparse inventory and the rental market and affordable housing inventory remains incredibly tight.

This means huge opportunities for fast moving real estate investors who get out there, take down some of these zombies, and recycle them.

The thing is that many distressed homes aren’t being publicly marketed. They aren’t on the MLS and they don’t have signs in the yard. Many end buyers either don’t have the know-how to find the owners and make viable offers, or they just lack the time and hustle.

Those investors that are motivated and put in the effort to take action and learn the tactics for finding and contracting to buy these properties have a lot to gain. According to RealtyTrac home flipping profits are up to new highs, and more investors are looking for rehab deals. With homeownership at an incredible low, and more millennials maturing to prime home buying age there is a strong and profitable resale market. Plus, recycling these properties can do a lot of good for young professionals and families and their communities. Real estate wholesalers in particular will find the timing right to do big numbers, and have a big impact.

Thanks to Best Transaction Funding you don’t have to be limited in deal volume based on how much liquid cash you have available right now. Using this transactional funding investors can find, fund, and flip ugly and even scary zombie homes to rehabbers, turnkey providers, and retail buyers fast, while interest rates are low.

These next few weeks are the perfect time to ramp up your business too. With Halloween comes plenty of seasonal real estate marketing opportunities from online content marketing to property tours. Make it fun.

 

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

Make This Spring Break Your Launchpad to More Wholesaling Deals

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 10 March 2016
BestTransactionFunding

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.

Rate this blog entry
0 votes

Big Tax Breaks for Real Estate Wholesalers

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 20 August 2015
BestTransactionFunding

Tired of big income tax bills and the bite they take out of your real estate investment profits?

How would you like to like slashing next year’s tax bill by $11,000 or enjoying 365 days of tax free real estate investment returns?

Whether you’ve experienced big income tax bills yet or not, it can be part of the territory with the great profits that come from flipping houses. Some consider that a “good problem” to have. It’s better to make more money, even if you have to give up more in tax. But it doesn’t have to be that way. In fact, if you haven’t tackled this yet the odds are that you are paying far more in taxes than you should be each year. That means throwing away money that could be invested for faster results, and taking a double digit hit to returns, income, and wealth building. It also means giving a huge edge to your more tax savvy real estate competitors. So how can real estate wholesalers kick taxes to the curb and keep more of that cash in their own accounts?

Tax Saving Basics for Real Estate Investors

Basic tax savings measures that all real estate investors should be considering include: organizing a business entity, office deductions, charitable giving, company vehicles, retaining a better accountant, and creating a tax savvy spending plan for the whole year in advance.

Getting the Big Breaks for Bolder Wealth Building

For wholesalers that want to enjoy a big potential deduction on this year’s tax bill, and to enjoy tax free investing all year round you’ve got to look at IRAs.

Individual investors without a retirement account can potentially directly knock $5,500 off their tax bill by opening up a traditional IRA. That means over $5k you can put directly back into your own pocket and use to keep building wealth instead of handing it over to the IRS. If you are married and you both contribute to an IRA that’s up to $11,000 you can take off your taxes this year, and every year.

If you already have a retirement account you can roll that over into a self-directed IRA, 401k, or real estate IRA. Investing in real estate through this vehicle enables tax deferred or tax free investing all year round. That adds double digits to your net gains each year, gains which are compounded every year.

Ignoring taxes is just expensive. Those that take them head on stand to achieve a lot more, a lot faster.

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

How To Make $96,000 Per Week Wholesaling Houses

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 02 April 2015
BestTransactionFunding

How can you consistently make $96k per week wholesaling houses?

How can investors scale to this level of income faster, and without having to work on their wholesaling businesses more than a few hours a week? How can they do it sustainably?

Automating Your Real Estate Wholesaling Business

A new video blog episode from San Diego based Todd Toback reveals his secret to banking $96,000 in a week, from just 4 real estate deals.

Some wholesaler might already be making 10x this amount per month. But no matter what you are now, and where you want to go with your wholesaling business, keeping up this type of deal flow requires doing things differently to the average Joe.

While Todd may certainly have plenty of talent, and experience in wholesaling. The wisdom he is most keen to share is that his greatest success has come when empowering his team to do their best work. “Hire great, get out of their way.”

This is more than simply delegating. And far different than micro-managing.

Empower, trust, and let them go to work. The results might surprise you.

Todd says that his team brought together almost $100k in profit from wholesale deals in a week. Just by letting them do their thing. Do automate. Do create systems. But then get out of the way, and let it work.

4 Tips for Building Your Wholesaling Dream Team

Hire the Best

Those real estate businesses with the best talent will come out on top. Period.

Invest in Building Team Relationships

If you want loyalty, hyper-productivity, and awesome results for your team – invest in the relationship. The real estate industry is booming and good talent has plenty of options. Internal relations are as critical as external ones. Probably more so. These are the people that will generate the most leads for you, and turn those leads into dollars.

Not everyone wants to have regular meetings, or team cheer parties. Especially in this remote working era. However, empowering them to their best work, showing appreciation, being a reliable client-employer that pays promptly and provides consistent work, and enabling them to be a part of something bigger can all go a long way.

Leverage Your Team’s Word of Mouth Power

Bestselling author and revered marketer Seth Godin says most brands and independent professionals completely miss the boat when it comes to word of mouth. He says that referrals don’t happen because the individuals and organizations we hope to share just don’t have the motivation. And that those hoping for referrals aren’t putting enough thought into providing the right motivation and environment to foster more personal referrals.

Word of mouth marketing is some of the best. Yet, too many wholesalers fail to enroll even those closest to them, and those that have the most to benefit – their own teams. They should be sharing, and they should be motivated to make it a success - if they are proud of the work you are empowering them to do, and they are confident in your intentions and ability to serve their referrals well.

Never Let Them Go

Once you have found great talent, never let them go!

Summing it Up…

Refuse to give up. Wholesaling houses isn’t hard. Especially with the current market; inventory availability, appreciation, and best transactional funding. But, it can be lonely. It can be easy to be distracted, when you try to do it alone.

If you want to go fast at the beginning, it’s okay to go alone. But if you want to go far - go together. “Teamwork makes the dream work.”

 

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
4 votes

7 Real Estate Quirks & Misconceptions For Wholesalers To Watch Out For

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 19 March 2015
BestTransactionFunding

The real estate landscape is changing fast. Beyond the mechanics of wholesaling houses for high profits investors need to know how emerging trends and some of the finer quirks of the industry can impact profitability.

Throwing out offers in mass with confidence is relatively easy for property wholesalers with the best transactional funding lined up to fund all of their deals. On the flip side, while there are still some properties rotting on the market, many areas are seeing homes being snapped up in minutes, often before they can even be put online. However, there are some emerging quirks of the market which it is wise for serious wholesalers to be tuned into.

Some of these have the potential to stick wholesalers with properties they can’t turn over as quickly as they thought. Others can help investors stay away from snags and take the lead in the boom ahead…

New Construction Isn’t Perfect

As some find publicly marketed inventory tightening or more competitive, more investors are considering the lure of new construction properties. As Delaware custom home builder Turnstone Builders recently blew wide open in an ultra-transparent blog post – new construction can be far from perfect. It can be riddled with contaminated land, faulty structures, and more. Don’t fall for looks or the promise of new always being better without a warranty and some due diligence.

It’s Cheap for a Reason

The incredibly low prices real estate has traded for since the crisis has helped thousands of new investors get into the market. With properties going for under $10k a pop, they became accessible for everyone, while those with good credit can put houses on their cards as easy as buying lunch. However, as with most things in life; cheaper isn’t always better. There’s a reason properties have sold for $100, $5,000, and $10,000 in areas like Detroit. Some also might question the math of purchasing properties and then putting double the purchase price into them in rehab money. Deals mean undervalued properties, or at least fair priced homes that may be worth more to others; it has nothing to do with the dollar price tag.

Responsible Products

Unfortunately the real estate industry seems to foster the temptation to throw ethics to the wind in exchange for more deal flow and more cash. It often starts slow, with one toe into the grey area, and then bam! In the real estate industry this has often turned into rationalizing selling bad product. This might be poisoned land, homes with mold, old meth labs, or even homes with Chinese drywall. You wouldn’t appreciate someone selling you a dangerous car that you plan to drive your kids around in, or faulty toys that can be lethal. So why sell on homes that can be even more dangerous? If in doubt throw the file out. If you don’t, at least know that investors and home buyers are better educated than ever, and sooner or later it will comeback, even if you resell these homes.

Property Rights Wars

Property rights is the new frontier of real estate. The highest paid lawyers in the country are moving into this niche to help affluent property owners and the public preserve views and space. Eminent domain activity is also heating up. This is perhaps most noticeable in South Florida, along the planned route for the Keystone XL pipeline, and California’s new rail line. For some investors property in the path of eminent domain can turn out to be incredibly profitable. In other cases it can mean big losses. It all depends when you buy it, and for how much.

Forward Thinking Buyers

Home buyers, including end investors are thinking further forward than they used too. They may not verbalize these considerations, but there are factors they are looking at, and which unless addressed could become barriers to resale. On the other hand those wholesalers than pay attention and get ahead of the objections could find a new sweet spot. The most intelligent and serious buyers today are taking into consideration factors like rising sea levels, length of functional use, and long term performance. If your end buyers are long term hold income property investors or high net worth home buyers you might want to keep this in mind when searching out new areas and making offers.

Privacy

Mark Zuckerberg’s real estate woes in California have highlighted the desire for privacy many luxury buyers are seeking today. They don’t just want large lots and homes, they want a nice cushion to keep the paparazzi away too. How can you help serve up more of what they want than the competition can?

Sustainability

Although industry organizations like the CCIM Institute have proclaimed that green building has now become mainstream, and buyers want it, the online real estate landscape still appears to be very thin when it comes to searching for and finding green homes and lodging. How can you incorporate this into your strategy?

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
2 votes

How Not to Be One of Those Hated Wholesalers

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 05 March 2015
BestTransactionFunding

In spite of the value they bring real estate wholesalers are often among the most hated players in the business. So what can you do not to be one of those wholesalers?

Property wholesalers might sometimes rival attorneys and Realtors for being the most disliked and shunned members of the real estate community. Yes, it’s ironic. Few hate on Wal-Mart, Costco, or Amazon in the same way. Few others in the industry offer as necessary or as valuable a service. Yet, whether it is because they make money too easily, or too many amateur wholesalers have thrown one too many bad ‘deals’ around, good wholesalers have their work cut out for them.

So how can those serious about wholesaling houses stand out as real professionals and do more deals?

Offer Great Deals

If you offer great deals, they will sell fast, and you’ll have plenty of repeat business and referrals. Each individual might have their own opinion of what a good deal is, but if you know your buyers, you know what they find attractive or not.

Know Your Stuff

Nothings irks qualified and serious end buyers more than being swamped by amateur wholesalers that haven’t bothered to invest in building their knowledge. So invest in your education and training, and learn the business enough to be able to fake it until you make it.

Provide Reliable Deal Details

If real estate wholesalers concentrate on providing accurate information they’ll quickly win credibility. Those that keep dropping the ball or are seen as trying to be slick won’t be given many second chances. One of the best marketing moves you might make is to actually over-estimate repair costs and under estimate ARV. Then buyers will buy from you again and again, and they’ll trust you enough to do it quickly.

Inbound vs. Outbound Marketing

Unfortunately there is so little trust out there due to bad marketers and desperate wholesaling newbies that even if you’ve got a great deal you can waste a lot of time, energy, and trust by spamming. By all means build highly targeted lists and channels for updating qualified buyers on your deals, but before that let them find you. If you’ve got great deals, and a good handle on SEO, and can do a little networking you should be fine.

Be Different

Despite how much people love to bash them, real estate investing coaches often do a great job at turning new people onto wholesaling houses. We can bicker about their seminar fees and depth of content, but if they weren’t out there teaching there would be fewer millionaires, more struggling homeowners, and fewer deals being fed to those that need them. However, if there is a bone to pick with some of these programs that churn out novice wholesalers (and we all have to start somewhere), it is giving them all the same cookie cutter website, content, and templates. It’s no wonder real end buyers can’t tell the difference. So consider the value of looking and sounding different to the rest. If there is one thing worth disrupting in real estate wholesaling it is presentation and branding.

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
2 votes

Where To Get The Investment Property Financing You Need

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 04 December 2014
BestTransactionFunding

Where can you find the investment property financing you need to fund your real estate deals fast?

While consumer mortgage credit can still be tough to find for regular homeowners there are an increasing number of options for investment property financing. Here’s a quick break down of where real estate investors can find the funding they need for their deals…

Transactional Funding for Wholesaling Properties

For those real estate investors needing to close fast, and who are serious about wholesaling properties with the least risk, for the maximum returns, Transactional Funding is absolutely the answer. Best Transaction Funding offers rapid 100% financing that checks all the boxes for wholesalers.

Hard Money Loans

While transactional funding may be the most appealing option for savvy real estate investors today there are scenarios in which slightly longer holds may be justified. Perhaps there are appetizing must-have deals you just can’t pass up on but don’t have an end buyer for yet. Maybe there are substantial profits to be had from taking few months to fix and flip, or bring a property to performing before reselling or refinancing. In this case hard money loans can provide easy qualifying and fast funding. Yes, we do hard money too, just ask.

Bulk Portfolio Financing

Commercial mortgage lenders have opened up the doors for for bulk income property portfolios acquisitions and refinancing. Some provide non-recourse loans, foreign investors financing and even stated income options. Some of these new lenders include B2R Finance, FirstKey Lending, and Rental Home Financing.

Government Backed Loans

Investors acquiring new personal residences might find FHA, VA, and USDA government backed home loans the best way to go for low and no down payment mortgage loans. They can also be great resources for investors to refer their retail buyer clients to. Local governments also offer a broad array of assistance programs, including well into six figures helping buyers with down payments in high cost areas.

Real Estate Crowdfunding

Crowdfunding can be great for filling in the gaps and launching new developments. However, as the space grows increasingly crowded real estate crowdfunders need to be aware that successful fundraising through this medium can require extensive strategy, marketing, time, and budget.

Rate this blog entry
1 vote

4 Unique Advantages of Wholesaling Houses

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 30 October 2014
BestTransactionFunding

Wholesaling houses has many obvious advantages. It also offers some unique and very powerful benefits many real estate investors at least seriously underestimate, if not completely overlook.

So what are these advantages of wholesaling compared to rentals or fixing and flipping houses?

1. Eliminating Disputes with Neighbors

When rehabbing homes to flip or hold as rentals neighbors can generate significant stress and become obstacles. Regardless of how well investors try to select tenants when holding properties, crazy and ignorant neighbors can cause all types of bizarre disputes which can lead to losses of income, property damage and more. Even in high end neighborhoods landlords can face the likes of Justin Bieber moving in next door and causing tens of thousands of dollars in damage by hurling objects at your investment property. This can all be avoided with wholesaling.

2. Compounding Gains Faster

Even the best rental homes, high performance mortgage notes, and rehabbing can mean sluggish returns compared to wholesaling. Not only can property wholesalers put down less money, which dramatically boosts cash on cash returns, but with lump sum gains being able to be reinvested and flipped multiple times per month on an exponentially growing basis that annual and lifetime returns on wholesaling can seriously put other investment strategies to shame.

3. Eliminating Holding Risks

Even house flippers fixing up and reselling properties in a period of weeks or months face major exposure to risk. From hurricanes and earthquakes to value dips due to neighboring foreclosures every hour properties are held means weathering a barrage of threats. Insurance is one of the necessary evils, but talk to a handful of residents in areas hard hit by hurricane Sandy or in storm prone South Florida and you’ll no doubt hear plenty of nightmare stories about how insurance companies fail to deliver.

4. Easy Access to 100% Financing

One of the really beautiful benefits of wholesaling houses as a real estate is easy and streamlined access to working capital and 100% financing. Via Best Transaction Funding wholesalers can finance their whole deals without asset verification, having great credit scores, or even having another job.

Rate this blog entry
4 votes

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

Emerging Property Trends Real Estate Investors Need to Know About

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Tuesday, 08 May 2012
BestTransactionFunding
The business world is changing, the way individuals are looking at their finances is changing and the way consumers are shopping for a home is changing fast. Only those real estate investors on the forefront of these changes will come out in the lead…

The New Onshore Outsourcing Era

Outsourcing is definitely here to stay but not in the same way. Some outsourcing offshore for low level data entry tasks may continue but with demands for higher quality content and streamlined management more remote workers are being sourced within the U.S. This even includes foreign companies from even the likes of China sourcing work to American staff.

Look forward a couple of years and ventures like Blueseed and pirate nations just off the coast offering tax and regulation free zones with all the benefits of the U.S. will increasingly become the norm.

Hot Property

What are the hottest types of property to be watching and flipping over the next year?

If the economy flourishes after November elections expect those experiencing the new rich feeling for the first time to swoop in on McMansions while property prices and rates are still low.

Others decidedly being more frugal, especially the plethora of new single parent households will be seeking small pads in more pedestrian friendly areas. Other families will likely continue their path toward moving out of cities to find more acreage and larger lots. With more soldiers returning home from overseas, investors using transactional funding for their acquisitions will find improving their knowledge of USDA and VA home loans which both offer 100% financing too will help them win the most buyers.

Where are All the Leads At?

Real estate investors looking to take their businesses to the next level will need to embrace and get better at 3 crucial areas for attracting leads over the next 6-18 months…

1. Mobile marketing
2. Developing high quality content
3. Amassing original videos and images
Rate this blog entry
0 votes

Transactional Funding For Keeping Your Deals Alive During A Hurricane

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Monday, 05 September 2011
BestTransactionFunding

Hurricanes not only bring the threat of property damage but can also completely throw your cash flow out of whack if you aren’t prepared with a good transactional funding source.

As soon as a hurricane comes on the radar today home owners and sellers get nervous. Capitalize on this by utilizing transactional funding to close quickly as a cash buyer before a hurricane comes through. The odds are it won’t hit your homes and providing you are reselling immediately it actually won’t affect you either way.

If you already have real estate deals lined up and homes under contract as a hurricane approaches transactional funding can be a big life saver. You can’t afford to go weeks or a month without closing deals if you need cash flow coming in. Forget waiting for approval on a conventional mortgage as they are sure to stall and hold onto your cash by working with a transactional lender who will give you 100% financing. This will help you stay liquid, with plenty of reserves in case you own any other homes that need cleaning up or repairs after the storm passes.

After a hurricane passes any deals you had in the pipeline that relied on conventional mortgage financing are going to be a nightmare as you wait weeks for new appraisals to be done and reviewed. If you have cash buyers use transactional funding instead and keep on flipping those houses. Maybe you can even pick up deals from other investors who now cannot close on their contracts or at least receive a referral fee for sending them to your transactional lender. Also stay poised to jump on motivated sellers afterwards who don’t have money to fix their properties or who fear another hurricane. You may also be able to hook up with a few local insurance agents to get some extra leads during these times.

Rate this blog entry
0 votes