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One Dollar Home Deals Prove The Market Is Changing

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on Wednesday, 31 January 2024
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New Jersey has announced it will start selling off homes for as little as $1. Along with states like Ohio and New York, which are again working to get ahead of blight in the form of abandoned homes, it seems more distressed real estate is coming down the pipe for investors.


While many of these house deals require substantial repairs and may be reserved for retail home buyers, investors can expect more inventory to become available this year.


Distressed Debt And Real Estate Deals Are Building Up

It’s no secret that credit card, auto loan, and other debt has been deteriorating in performance, with a mountain of nonperforming debt that has been growing for several years.


As consumers run out of money, savings, credit lines, and find it harder to get new jobs, this will almost inevitably turn into more nonperforming debt sales, and REOs.


In fact, one economist has predicted there will soon be $1T in defaulting real estate debt to contend with.


Buyers have become more cautious, and as the Fed still hasn’t begun cutting rates, they are unlikely to swarm the market or be eager to pay recent market rates.


Get Smart

Many real estate investors in the current market do not have experience with the types of transactions that were popular in the last great recession. It’s a smart time to educate yourself about these types of deals, so that you can embrace them.


This includes REOs, short sales, and various forms of alternative and creative financing. Including using transactional funding to wholesale real estate.


You should know who the parties involved are, what their processes and timelines are, and start building the right relationships now.


Making Successful Real Estate Purchase Offers

What does it take to get offers accepted in this environment?


Fast closings are critical to sellers. Many are under a lot of pressure, and will lose their properties if they don’t sell on a tight timeframe.


Simplicity is key. Buyers can’t afford to be tied up in lots of contingencies. They don’t want long inspection periods, appraisal contingencies, and the like.


Finally, they will prioritize offers from qualified buyers with proof of funds, and who they can be confident in to close.

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How To Beat Your Competition To The Real Estate Deals

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on Tuesday, 17 October 2023
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This is a fantastic time to be wholesaling real estate. Of course, that means that many others are hunting for deals too. If you believe that there is a shortage of publicly listed properties for sale, that may make it even more challenging if you’ve relied on that for deals in the past.


Here are five more ways to out maneuver and beat your competitors to the punch.


Failing Competitors

Even though the real estate investment remains strong and attractive many started folding their businesses out of fear at the beginning of COVID, then as rates hiked.


Even though they may have stopped actively investing, many have portfolios of properties they are holding. Or at least sizable databases of seller leads.


You may acquire their company, their real estate assets at a discount, or their lead lists.


Insurance Agent Referrals

Insurance agents are among the first to find out when people find themselves in a crisis. That may be a health issue, a car accident, or damage to their properties.


In a few cases their clients may get payouts that make them strong cash buyers for your properties.


In most cases insurance companies do not pay claims. If they did, they wouldn’t be in business or so big. In these scenarios policy holders may have to sell their homes fast for cash.


Lumber Company Leads

This is another untapped referral source. When trees fall on garages or homes, lumber and tree service companies get the first calls.


In other cases these referral sources can tell you when prospects are desperate for cash and are trying to sell their trees cheap. Or where there may be a property which also has a lot of value in timber rights. Money that may be used for helping to acquire or extract extra value your competitors don’t see.


The Unemployed

The AI revolution is creating levels of unemployment and interruption to income at a scale we’ve never seen before.


The vast majority of property owners cannot afford to carry their mortgages for even a month or two without a paycheck.


Depending on your contacts and access to data, you may find these sellers by tracking employers that are making layoffs, through recruiters, new credit defaults, and job wanted ads.


Be The Fastest And  Most Attractive Buyer

Have your proof of funds in hand, along with a contract, and be willing and able to close faster than your competition. Those things can mean a lot more to sellers than the top line price today.

Be sure to check out our Fall Deal with interest rates as low as 1% on loan amounts over $600k.

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Finding Pre And Post Disaster Real Estate Deals

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on Monday, 04 September 2023
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Hurricane Idalia is yet another fresh reminder of how every area has some disaster risk.


As a real estate investor it is all about understanding how to mitigate, balance, and profit from that risk, in the right way.


Every disaster threat, from seasonal hurricanes, to wildfires, and snow storms bring their threats and opportunities. Both before and after they hit.


Pre And Post Disaster Real Estate Offers

Many sellers will be willing to offer big discounts, just to get out and put some cash in their pockets before a coming disaster, or disaster season.


If you have the stomach for it, and good strategy and tactics that mitigate the risk, you can acquire properties at deep discounts that end up not being impacted at all.


Post disaster, many owners will just be too scared to go back, or tired of living through these annual storms, even if their properties were not affected at all.


Of course, you should always have properties inspected after a disaster like this, or price your offers to include the worst case scenario. It is not uncommon for unscrupulous investors to try and cover up flood damage and mold.


Get your Proof Of Funds from Best Transaction Funding now, so that you can get out there and make offers with confidence.


Making Offers With Care

Just because sellers are highly motivated or desperate does not give you a pass to abuse them. Make offers with care and etiquette that help them. While allowing yourself to be fairly compensated for your part.


Just as it would be in pretty bad taste to be calling your tenants demanding rent right in the middle of a hurricane. Or making your team be out on the job in unsafe conditions, without giving them time to protect their homes and families first.


After the storm, you need to consider how you will kindly deal with desperate renters applying or buyers who need a roof over their heads.


Often during the post disaster period property prices can actually skyrocket due to reduced inventory, and thanks to many buyers being rich with cash from insurance payouts.


Submit your Funding Request and get your next deal financed today.


Insurance

Even if not necessary, insurance can be wise in these circumstances. Just understand all of the loopholes insurers use not to payout, and how long the lag time between damage and claims being paid can be. It is not uncommon for that to take years, and lots of negotiations.


Investment Strategy

Some areas will just keep on getting hit year after year. Some will keep rebuilding. Others will grow tired and give up. Or authorities will acquire land and temporarily block development.


Consider whether this is a good area for a buy and hold, construction heavy fix and flip, or just a fast in and out wholesale deal.


Check out our MEGA interest rate sale, with rates from just 1% this fall!

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5 Types Of Real Estate Deals Wholesalers Should Be Doing Now

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on Thursday, 16 August 2018
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What types of property deals are ripe for real estate wholesaling right now?

The market is always changing. What worked 5 years ago may not work as well today. Here are 5 niches to explore, test out and find bigger profits in now…

Small Multifamily & Mixed Use Properties

Overall yields on single family home rentals have been getting squeezed over the last year. To get the same spreads, many income property investors are having to look at multifamily apartments. Mixed use is still a hot item too. Funds and mom and pop investors alike need deal flow. Help them get it by considering flipping these types of properties.

Vacation Rentals

It’s true that the Airbnb Effect has dramatically driven up asset prices in many areas over the past few years. Yet, if you look, you can still find sweet spots where property prices are low and the potential yields from short term rentals can be massive. That makes it easy to flip these types of properties to rehabbers and buy and hold investors.

Empty Nesters

We’re in an interesting moment, coming off of a down period, but with a strong new economy. That means there could be fewer good inherited property deals or foreclosures. Yet, there are all types of reasons for sellers to be motivated. Age can be a big one. With age homes can end up being too big to manage, or just don’t fit health and mobility needs of seniors. Help these property owners who are more focused on convenience than price, and create more win-wins.

Construction REOs

Construction REOs have been a secret pocket of the distressed property industry. The average homeowner or new investor may not want to take on a home or apartment building that wasn’t 100% completed. That means these deals can have less competition and more bargaining room. Today, we need more new construction than ever. Take a look. You may find houses that just need a little love on interior design and applying for the Certificate of Occupancy. You don’t even have to finish the work. Wholesale them to rehabbers or small builders who can complete it.

Foreclosures

There are still foreclosures and foreclosure auctions. Check the data and you can find fresh spikes in this activity in different parts of the country. Be flexible and willing to go where the deals are at and you can still find great profits.

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5 Places To Find Home Buyers Now

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on Thursday, 01 December 2016
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Where are the end home buyers for your real estate deals now?

For several reasons we could see a new surge in home buying over the months ahead. So how will you take advantage of the potential for more business and smash through your 2017 goals fast?

More Home Buying Activity Ahead?

Between a new bullish outlook on real estate following the U.S. presidential election, anticipation of higher interest rates, looming tax deadlines, and a generation of ex-homeowners now seeing their credit bounce back after the 2008 crisis, there could be more retail home buyers, investors, and funds looking for properties over the next few months.

You’ve probably already set bigger and better income and transaction goals for the new year. With the best transaction funding investors can really do an unlimited amount of deals. The key is having the end buyers lined up to flip them to. So where do you find the buyers now?

China

Despite what Trump has said, we know he has worked heavily with Chinese investors before. New data shows China continues to grow its investment in the US by billions of dollars. With ongoing questions over the future of Asian real estate, and a brighter outlook for America, don’t be surprised if Chinese buyers and investors continue to be one of the most impactful factors in the market in 2017. A smart way to get ahead of the competition here could be utilizing Google ads to reach buyers abroad.

Crowdfunding Portals

Crowdfunding has been swelling in popularity. It may not be as easy to raise money on these portals for the masses, as hoped. However, those that have been successful continue to have a lot of capital to deploy. Look for these buying sources and get right to the money without worrying about launching your own crowdfunding campaigns. They need the inventory. If you can provide it you might have a match.

Note Buyers

There is still a significant amount of distressed property and paper out there. However, those numbers are likely to keep shrinking. Some note investors may need to begin augmenting their deal flow and incomes by investing directly in bricks and mortar. Many already have the capital to make acquisitions.

Lead Lists

Acquire new targeted lead lists of qualified buyers. Data vendors may have lists of those who recently applied for mortgage loans, data by credit score, and more detailed information on investment appetite and strategy. Use them to send emails, direct mail, or call.

Realtors

Don’t dismiss real estate agents. They cultivate big buyer lists and would love to serve them up fresh deals. Just price in whatever commission rates you negotiate and create more win-win scenarios.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and 100% financing for property wholesalers in the United States.

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Make More Money Doing Less Real Estate Deals This Year

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on Thursday, 05 May 2016
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Is focusing on fewer deals actually the key to making more money in real estate this year?

Real estate investors, agents, and other professionals often rush in and try to ramp up as much volume as they can. They perceive volume as the path to more money, and more freedom. But that’s not always the reality. In fact; it frequently ends up delivering the opposite results.

Even when you look at massive giants like Zillow and Airbnb, they often just post bigger annual losses. That’s not to say volume and market share can’t one day turn into profit. But common sense says to build a model you can scale, not to create a big business and then hope you can make money from it.

Going after volume first can often just mean being busier. It can mean being busy hiring, training, managing, putting out fires, and sometimes for less money. Flipping more houses is great, but the focus should absolutely be on profit.

Ask yourself what’s better; doing one wholesale deal and making $100k this month, or trying to do 10 rehabs for $10k each this month? Which will give you more of what you really want?

Take a look at the deals you’ve done over the last year; which are the most profitable top 20%? What’s different about those deals, and what do they have in common? How can you do more of those and less of the bottom 80%?

Your time is literally priceless. Don’t waste it. Get the most return on your time that you can. When you do that you’ll have the freedom to do more volume with deals that have even better profit margins, but you’ll be able to afford to take time off for the things that are even more important.

Some ways to get a better ROI on your time may include; delegating more and micromanaging less, streamlining your financing strategy, wholesaling versus rehabbing or renting real estate.

Build in more profit by slashing your turn times on deals, negotiating better rates with vendors or paying them more to take on more responsibility, building relationships with good buyers that won’t nickel and dime you on deals, and empowering any team members you have to make decisions faster based on a good system.

Net profit or volume – which is your goal this year?

 

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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4 Types of Real Estate Funding You’ll Love to Have in 2016

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on Thursday, 31 March 2016
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There is more than one way to fund your real estate deals this year…

It is great to master a system and model for funding and flipping properties. Of course we all know that this business is constantly influx, and that every deal is unique, and can have special quirks. In order to stay consistent in deal flow, income, real estate marketing ROI, and to get the most out of every lead and contact, it pays to have a few different funding strategies and capabilities. That way you can stay agile and keep deals alive when curve balls come, and find a way to get every deal done, even if it isn’t your main MO.

Put these types of funding in your pocket this year, do more deals, and stay on top…

Transactional Funding

Grab this dough for a day and enjoy flash funding your real estate flips with low risk, less hoops, and for big profits. Obtaining transactional funding is ridiculously easy for those looking to wholesale and flip houses in 1-3 days. Check out just how easy it is here.

Hard Money

Some properties just aren’t ready to be flipped in 3 days. Perhaps there are necessary repairs to make, or your buyers may need a little more time to juggle their capital and close. There may even be more profit in taking the property to better performance over 6 to 24 months, and then reselling. This is when hard money can be incredibly powerful. It offer ease of funding, but with longer terms, even on properties other lenders won’t finance.

Working Capital & Lines of Credit

Real estate projects notoriously frequently cost more than expected, or funds get held up for a few days or weeks longer than expected. It is critical for real estate investors to stay liquid in order to pay their bills and team, to keep landing new deals and keep the pipeline full, as well as to consistently push out marketing to attract new leads. PayPal, banks, alternative lenders, and others now provide very easy access to working capital and lines of credit to bridge this gap. The key is putting this in place before you really need it.

Joint Venture Capital

Sometimes alternative cash sources are necessary. It may be a few thousand dollars floated to cover closing costs or minor repairs, or it may be partnering up to gain a larger sum to take down a big opportunity you just can’t pass up. Savvy investors all the way up to Warren Buffett and Berkshire Hathaway embrace this type of deal. It could come friends and family, local private money investors you meet at investor groups, or even from real estate crowdfunding portals. Constantly grow your access and knowledge of these funding sources so you are prepared in advance.

 

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 The Kindle Fire Will Impact Your Real Estate Deals

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on Thursday, 29 December 2011
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Amazon’s new tablet was one of the hottest items being bought up in the holiday shopping rush. Beyond being a neat tool for reading books, it could also make a big impact on who wins at real estate investing in 2012.

With over 5 million Kindle Fires expected to be sold this year, advertising impressions growing faster on it than when the iPad was hot and mobile Internet use expected to surpass that of desktops in less than 24 months, real estate investing pros must be embracing mobile marketing.

Even those who weren’t lucky enough to find a Kindle Fire under their tree this Christmas may well have received an iPad 2 or one of the latest smartphones. We are now in an era where consumers want information in the moment. If you aren’t there when they are ready to search for houses, buy a home or reach out for help to sell their home your competitors will be.

So what should you be doing? Optimizing your website for the mobile web is an essential first step if you haven’t already. Otherwise even if prospects do find you they could find it too frustrating to do business with you.

Local search marketing is only going to become more important than ever in 2012. Think local business SEO, Google Places and Foursquare and work in your address to all of your web assets to make it easier to be found.

With the sizzling success of the Kindle Fire ebooks, especially those being sold through Amazon will become even more important for building credibility and attracting new buyers and sellers to fuel your real estate investing business. There are going to be millions of users looking for content to browse on their tablets, why shouldn’t they be reading what you want them to? You can even commission others to write these for you so you can remain focused on flipping houses and you may just find this can be a great secondary revenue source.

Finally, recognize that smartphones with larger screens and tablets like the Fire make social media much more important. People will be spending more time on platforms like Facebook. This is not just a chance to reach out to individuals but to reach the entire social networks of the many buyers and sellers you help too.
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What Every Real Estate Investor Needs On Their Xmas List

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on Tuesday, 06 December 2011
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What should every real estate investor be asking for this Christmas if they don’t have it already?

Check out the following list of things to treat yourself to or print it and stick it on the fridge for your special someone to read...

1. A Blog/ Website Makeover
It doesn’t matter how great you are at what you do, how sweet your real estate deals are or how many people you drive to your web assets if your blog and website visuals are turning people off. Perhaps a makeover or move to one of the latest premium WordPress themes is just what is needed for a successful new year.

2. iPad 2
Every self-respecting real estate investor ought to have their own handy tablet as we cross over into 2012. It will help you better understand mobile marketing to your prospects, make it easy to stay wired in on the go and makes for far more professional pitches.

3. A Toll Free Vanity Number
Boost your brand, enhance your marketing results and be prepared to handle bus loads of new prospects while retaining your freedom with a great vanity number.

4. A Great Writer
Content marketing is only going to be more critical for successful real estate investing and flipping houses next year. Even if you are a master wordsmith yourself you are probably far better off hiring a great writer and focusing on bigger items.

5. A Coach Or Mentor
It doesn’t matter how good you are or how much you know, the most successful entrepreneurs and real estate investors in the world all have their own coaches or mentors to help the realize their maximum potential. So get yours.

6. Just A Few More Flips
Of course, just a couple more sweet real estate deals to flip quickly with the help of flash funding before the New Year arrives would be a nice bonus too.
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