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You Should Be Tapping Other Real Estate Investors For Deals

by blogger1
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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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