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Real Estate Wholesalers in Hot Demand for Second Half of 2015

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on Thursday, 28 May 2015
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As the US real estate market continues to heat up property wholesalers are becoming more in demand. So how can real estate wholesalers connect with more end buyers? And close more deals?

As more individuals see the need to invest in real estate the hunt for deals is heating up too. Many investors that have gotten into the market since 2008 are having a tough time after being spoiled for easy deals for years. Some just don’t know how to farm them. Then there is a new wave of investors coming in that are working up to 12 hours a day at their regular jobs and just don’t have the time to go out and source deals direct, or dive deep into good marketing. They are crying out to connect with real estate wholesalers in online forums. In fact; Google Trends reports that the term “real estate wholesalers” has reached its highest ever online search volume as of May 2015.

So how can professional property wholesalers connect with more of these hungry buyers and get deals closed?

The web is an obvious one. Make sure your site has been mobile optimized to rank well in Google searches and work on blogging with relevant keywords on a daily basis. While you are ramping up your real estate wholesale blog Google Adwords can always be used to supplement traffic with PPC advertising.

Of course real estate buyer leads aren’t always the same thing as deals. This is where many are struggling. More than ever today wholesalers need to recognize the need for developing a product that is easily bought and sold. Mortgage note fund manager Fuquan Bilal in New Jersey suggests the key to successful presenting to investors is keeping it simple. Do be prepared with answers and collateral that will help overcome objections with ease. But don’t sabotage your own sales by being over technical and complex. In fact, done well, real estate sales should already be 90% won before a live conversation even starts. This means branding and a good online reputation.

How will you win more of this real estate business?

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.

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How To Make $96,000 Per Week Wholesaling Houses

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on Thursday, 02 April 2015
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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.

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Smart Valentine’s Day Marketing for Real Estate Wholesalers

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on Thursday, 08 January 2015
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Valentine’s Day will be on us before you know it. So how can real estate wholesalers get ahead of the game, and make this one the most profitable moments of 2015?

Will You Feel the Love?

Valentine’s Day can be a huge sales event for savvy real estate marketers. After all, there are few gifts that can rival real estate. And it’s cheaper than ever to give. This is the perfect occasion to wow significant others with romantic beach cottages, mountain getaways, and sleek and sexy condos. Then there are a huge variety of individuals that can be given investment properties for providing ongoing passive income and wealth.

Armed with the best transactional funding wholesalers can seize on the moment and flip properties fast for a huge boost that will carry them through 2015 and beyond. It’s just a matter of teeing up some great Valentine’s Day marketing…

Valentine’s Day Real Estate Marketing Your Prospects will Love

Valentine’s Day gifts and cards are one of the first outreach methods that come to mind, and they should be given. You never know when yours will be the only one received, and that will buy your real estate business a lot of love. Or who knows which recipient forget to get their other flowers or chocolates and could really use saving.

Online real estate marketing is perhaps the most affordable and fastest choice to launch for many wholesalers. However, forget the cheesy email cards, and think of some sweet slogans and taglines for internet ads, and social campaigns, as well as unleashing highly targeted, themed Valentine’s Day and real estate related content via blogs.

This is also one of the best days of the year for the true workaholic wholesaler. Combine your personal Valentine’s Day with a little networking and business relationship building. Great options might be taking over the Ritz for afternoon tea, evening cocktail parties at one of the properties you are looking to flip, or a yacht charter for singles which just happens to sail by some of your inventory.

How will you get and share the love this Valentine’s Day?

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

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Why Experienced Investors Aren’t Buying Into The Hard Money Craze

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on Thursday, 25 September 2014
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There now seem to be dozens of hard money lenders trying to force their cash on real estate investors every day. So why aren’t the most experienced investors biting on the offers?

Whether it is email, social media sites like LinkedIn, or online real estate forums like Bigger Pockets hard money guys seem to be everywhere, aggressively offering their cash. More and more are popping up, and are offering higher LTVs, with fewer requirements.

This is great for the overall market, and hard money has been a crucial crutch for investors for several decades. Even though many left, or essentially turned to conventional underwriting practices when wholesalers and rehabbers needed them most, there are good hard money lenders out there, and those that can add value, and be invaluable in the process.

Five reasons veteran real estate investors aren’t buying in:

Unattractive terms

Trouble separating the opportunists looking to skim deals versus real lenders

Investment strategies have changed

Access to cheaper long term money elsewhere

They’ve discovered transactional funding

Choosing the right type of funding for your real estate investment strategy

Wholesaling with the best transactional funding means just getting in out and paid for sure versus being locked into high rates, with high exit costs, high risk, and no guarantees.

On the other end, buy and hold investors are flush with cash, or have access to far cheaper private money form investors looking for long term yields. In markets like Miami, cash buyers accounted for over 40% of transaction in mid-2014, with almost 70% of foreign buyers paying all cash.

For those simply looking to flip instantly for fast cash and wholesale properties in 1-3 days keep Best Transaction Funding bookmarked in your internet browser and ask about our Proof of Funds to facilitate making more offers.

However, hard money still has its place and uses.

When to use hard money lenders

When refinancing to access and release pent up equity

For rehab projects and fixing and flipping houses

To capitalize on attractive investment opportunities when an end buyer is not yet in place

For taking non-performing assets to performing before resale for maximum profits, or securing lower rate long term financing

How hard money lenders can better serve the investment community

By providing faster approvals

Offering streamlined processes with less hassle and hoops

Developing a reputation for actually funding deals

Working relationships for scaling repeat and referral business

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2014-2015 Wholesaling Market Forecast with Vena

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on Thursday, 04 September 2014
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What is the current state of the wholesaling market?  What are hedge funds doing now?  Will there be more inventory coming?  How should wholesaling strategies be used?

Find out the answers to these questions and more with our guest, Vena Jones-Cox, the Real Estate Goddess...

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Is Wholesaling Illegal?

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on Thursday, 04 September 2014
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Some local municipalities around the country have declared "wholesaling" real estate as illegal.  They contend that selling houses without owning it first is a violation of the law and may require a license.


Not so fast...


 

PS: Apologies for the audio in advance.  As always, we try to give you the best content we can to help your business.  In case the audio is not clear, our guests are Maurice A. Thompson, the Executive Director of 1851 Center for Constitutional Law, and Vena Jones-Cox, aka the Real Estate Goddess.  Maurice's website is ohioconstitution.org and Vena's website is regoddess.com.

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HUD Transactions

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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

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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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Overcoming The Challenges Facing Socially Conscious Wholesaling CEOs Today

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on Thursday, 12 December 2013
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This is the time of the year when many wholesaling business owners start thinking a little more about what really matters and charity. However, even the best intentions and goals aren’t always obstacle free. In fact, some of the most charitable aspirations have resulted in ruined careers. So how can real estate business owners and independent wholesalers fulfill more of their philanthropic objectives without winding up not much more than a lump of coal to give next Christmas?

Every wholesaler may have a different cause which is close to their hearts, but 99% of those reading this will have one. It could be finding a cure for cancer, ending homelessness, solving the world’s water crisis, or just helping to improve the local community.

However, as seen with various scandals, the Obamacare debacle, and numerous failed startups and green companies giving or fixing social and economic issues can be anything but easy. And the last thing any real estate business owner wants is to tank their operations on a diversion.
Fortunately, there are many ways to give, pay it forward and help solve local and global problems without going broke or risking your income streams.

If you can give monetarily do it. If not, take stock of your other assets and social currency. As a real estate wholesalers you probably have a pretty flexible schedule, many corrections and some significant online influence as well as a platform such as a blog.

Define how much free time you can use for volunteering and look for opportunities. Help raise awareness for causes via your wholesaling blog and social media profiles, and look for ways to use and mobilize your connections to help out in tangible ways locally.

However, do keep an eye on your personal and business finances so that you can keep on giving year after year. If you do get in a pinch remember to leverage Best Transactional Funding to stay liquid.
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5 Ways To Capitalize On The Holiday Sweet Spot For Wholesalers

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on Thursday, 28 November 2013
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We are now entering the holiday sweet spot for scooping up better bargains on real estate. Savvy wholesalers will use the next few weeks to their incredible advantage to lock up great deals on properties to finish the year big and kick off the New Year with a bang!

According to Zillow the holiday period is the best time of year for buying homes and recent data backs up the data firm’s arguments. So it’s time for ambitious real estate wholesalers to load the pipe. Here’s where the advantages lay, and how to capitalize on them…

1. Fewer Competitors

If there is one thing that real estate investors and home buyers have been begging for over the last 11 months and which tops their wish list to Santa, it’s less competition. Fortunately there can be a lot less bidding wars and house hunters in the market at this time of the year; creating more opportunity for wholesalers to get in and get the spreads they want. So get out there and make the offers that work for your criteria.

2. Home Price Dip

An annual home price dip normally comes with fall each year, and can become even more pronounced during the end of year holiday season as fewer buyers kicking the tires gets sellers and their real estate agents sweating. Veteran investors and those that know their real estate cycles know that it’s time to put the blinders to media stats that are tainted by this and push through. Now is the time to get better deals on all of the properties you couldn’t over the last few months.

3. Serious Sellers

Zillow says that when it comes to listing houses for sale this time of year is only for serious property owners. That means the landscape can be less foggy with those just testing the market. It can mean better prices, better terms and faster closings for wholesalers. Another plus is real estate agents can be a lot more desperate at this time of year which can help to fuel things along and put agents on the side of investors versus the sellers.

4. Fast Loan Approvals

Some say that this is also a time when mortgages and loans get approved faster due to less volume in the pipeline. This isn’t necessarily true at big banks where files are constantly handed off between staff headed on vacation during the last couple weeks of the year, but wholesalers can access flash funding for flips in just days with Best Transactional Funding.

5. Networking

While many industry professionals find this a very frustrating time of year due to so many parties and cocktail happy hours and dinners taking people out of the office, those that will win are those that get comfortable with it and use these networking opportunities for warm prospecting and closing more deals.
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Time To Step Up To Flipping Luxury Homes?

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on Saturday, 10 August 2013
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Is it time for more wholesalers to step up to flipping luxury homes, rather than scraping the bottom of the barrel for homes selling for less than a great night out on the town?

As competition in the U.S. residential housing market has increased many investors have picked up shop to head off to hard hit foreclosure areas with more inventory like Miami, Detroit, Atlanta and Chicago.

This wholesaling strategy is working out well for many, but others are considering the pros of simply stepping up to flip higher end homes. While attractive, some find this a daunting prospect which they perceive as bringing additional challenges, especially when dealing with luxury home buyers and sellers.

So what are the real benefits of wholesaling luxury houses and what differences really exist that can bring new quirks to the game?

5 Benefits of Wholesaling Luxury Homes:
1. Finding a less competitive niche without looking out of the area
2. Far higher net profits for the same amount of work
3. Prestige
4. Need to do fewer deals to make the same amount of money
5. Safer, easier, faster to turn

While many perceive buying and selling higher end homes as being more difficult quite the opposite is often true.

The process is exactly same, the homes are often in much better areas and in much better condition, and the players can be far easier to deal with. Retail buyers in this arena normally have better things to do than nitpick or nickel and dime investors. Often they may be more open to handling their own renovations and gut remodels too, meaning a broader resale market and the potential for higher profit margins.

For those moving up from extremely low end housing some of the quirks that may crop up include:
• Adapting to different design appetites
• Dealing with arrogant real estate agents
• Building new contacts and referral partners
• Tweaking marketing and marketing channels to reach and appeal to the right prospects
To win look at the end game first; get out and network, pre-sell the deal first and use Best Transactional Funding for short term cash to flip more deals.
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A Home For Christmas, Everybody Needs One

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on Tuesday, 29 November 2011
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Some real estate investors are preparing themselves for a quiet couple of weeks as consumers concern themselves with holiday shopping, digging up old recipes and attending parties. However, savvy real estate investors know that for many there is no better possible present that a new home for Christmas.

The holiday season and gift giving is great but many people are rethinking their goals and priorities are planning to cut back on their shopping this year and are more focused on preparing for the future. Though even for the most flamboyant holiday shoppers real estate is sure to be a winning present that won’t fail to impress.

Whether creating a new foundation for a better financial future with a new family is the most pressing item or minimizing taxes, advancing wealth and winning the heart of someone special is top of the list this holiday season, nothing beats a new home or sky scraping condo. Plus it sure beats blowing money on junk just for the sake of buying presents for appearances sake or because the commercials tell you to.

It is your job as a real estate investor to remind people of this and make sure a new property is on top of everyone’s ‘Dear Santa’ letter this year. Between the huge amount of inventory available and easy access to flash funding through Best Transactional Funding your capacity for doing deals is virtually limitless.

So get out there, sell a home for Christmas to everyone. Put a giant sized bow on them if you have to, stick a mammoth sized Christmas tree in the front yard with lights or send out small presents with keys in the them to prospects as a way to grab attention. Just don’t overlook the opportunities to cash in while your competition is sleeping.
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