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Equifax Hack Could Make Real Estate Wholesaling More Important

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on Thursday, 14 September 2017
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Mega data hack at Equifax could make real estate wholesaling even more vital to numerous individuals and families.

The massive recent data hacking scandal at credit bureau Equifax could shake up the finances for millions of Americans. Could wholesaling real estate be a solution for putting your finances back together?

50% to 100% of Americans could have had sensitive data stolen through the Equifax data breach according to cybersecurity experts. That means hundreds of millions of individuals who could have their identities stolen, credit histories destroyed, and bank accounts emptied. Experts say it can take over a year to fix this issues, if they are ever fixed.

In the meantime many may find they are unable to get jobs or promotions, can’t rent new housing, and don’t qualify for traditional home loans. This is on top of the recent losses caused by major hurricanes Irma and Harvey.

Real estate wholesaling stands out as one of best ways to get back on top of finances. It’s fast, can produce quick results and big paydays, and perhaps most importantly - does not rely on having good credit or using your credit to qualify for financing. For these reasons many who find they need a new career, or an alternative real estate investment strategy in order to cover financial gaps, replace losses, and carve a new path forward may discover they have few other options.

There are still substantial opportunities to wholesale real estate across America. This can include single family homes, as well as commercial properties. Expect there to be more activity in this part of real estate over the next few months and years. While some may be able to hang on with current savings for a little while, the more time that passes, the more who may be impacted by the above factors. Those who are first to establish themselves in wholesaling will definitely have a great edge.

Have you been impacted by these factors already? Have you considered wholesaling?

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Transactional Funding, Wholesaling Becoming Critical as Market Shifts

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on Thursday, 18 August 2016
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Property wholesaling and transactional funding are about to play a far more vital role in the finances of thousands as the US real estate market shifts…

The head of the world’s largest real estate brokerage, Keller Williams, recently spoke out warning that the outlook for the property market isn’t as rosy as it has been. This follows right on the heels of warnings of softening in the hospitality market as NYC’s One57 hotel swirls in rumors of efforts to sell. In reality we don’t know when a new correction will hit, how deep it will be, or how long it will last. Most agents and investors, as well as consumers won’t recognize it until we are deep, deep, into the correction. It may already be in play, or it may not hit for another decade. Regardless; it pays to be ahead of the curve.

When the shift does hit some will be changing strategies, and direction. Some will try investing overseas before those markets change, others will head back into old fields and careers, etc. Of course US real estate has proven to best for the long run. But not everyone has the guts and finances to hold during softer years. But you’ve got to make money – so what do you do?

Wholesaling houses to those that can rehab or hold as rentals can be the ideal way to augment your income and pick up the slack from any other areas. This can be full time or casually as you come across deals. The beautiful thing about wholesaling real estate is it doesn’t matter what direction the market is heading in. Lock in the spreads and right terms, and the buyers will come.

Regardless of how much cash you have or don’t, transactional funding provides the fuel to do unlimited deals and keep your cash rolling in, and the ability to protect what you’ve built. If you haven’t been wholesaling this is certainly the time to be learning about it, and building your network and brand in this space. That is if you want to survive and thrive in the next couple of decades…

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Brexit Brings Lower Mortgage Interest Rates

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on Thursday, 14 July 2016
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The Brexit has brought mortgage interest rates down, and that’s great news for U.S. real estate.

While not everyone is happy with the fallout of the British decision to leave the European Union it could prove to be a great thing for many American real estate buyers, sellers, and investors.

The Brexit crushed the stock market, caused banks billions in losses, setup US and EU banks for over a trillion dollars in cash short fall, and even resulted in funds freezing customer withdrawals from London property investments. That may be sadly catastrophic for many, but there is hope for those that have been able to cash out of those other investments.

The Bank of England is pushing banks to make lending easier, including lowering interest rates. Bankrate.com reveals that U.S. mortgage rates have also fallen back to almost the record low we saw 4 years ago. As of July 14th, 2016 that meant 30 year fixed home loan rates at just over 3%, and 15 year fixed mortgage rates in the 2% range.

Low interest rates could be awesome news for property owners that have been wanting to refinance, as well as buyers who thought they missed the boat. Sellers too could find this a powerful time to sell since low rates mean borrowers will be paying less monthly for higher priced homes.

The bad news is that there is even less hope of earning good returns on savings or other investments except for real estate. Long term property price sustainable could also be even more threatened due to the current and going artificial manipulation of markets. Banks aren’t making much and don’t have much of a cushion when they are lending at 2%. When interest rates go higher home mortgage payments could easily double, even if prices don’t go up. All together this may appear to some as being just a little too reminiscent of the setup of the early 2000s.

Fortunately there could be some highly profitable sweet spots out there for property investors. The first is noting that if Brits pull back from some market it could provide better buying opportunities for domestic investors. The ensuing demand for U.S. real estate from other foreign investors could then help beef up spreads on flips. Those that stick to wholesaling real estate can benefit by leveraging cheap money now, and avoiding being stuck when rates go up later or cracks appear in the markets.

 

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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Where Can I Find Buyers for My Wholesale Real Estate Deals?

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on Wednesday, 20 April 2016
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Where are the buyers?

There are still mountains of real estate inventory to choose from out there. With unlimited funding available from transactional lenders and hard money lenders the key to unlocking the cash for most is finding the buyers. So where are they?

The 3 Types of Buyers Investors Need to Focus on Now

PROFESSIONAL INVESTORS

Real estate wholesalers looking for qualified buyers, and specifically cash buyers who are easy to work with should absolutely be honing in on serious end investors. They know the business, will either have financing lined up or the cash to move immediately on fair deals, and will often become repeat, high volume customers. Find them online in real estate forums, via social media, and at local investor meetings and meetups.

INTERNATIONAL BUYERS

Tapping international home buyers and investors opens up the world to a massive pool to funnel deals too. Most expect to pay cash, or at least to put down a lot of money. They see American real estate as being cheap, and are often very easy to work with, if you keep it simple. If you haven’t yet, start expanding to market your real estate deals internationally. Check the data and find out who the strongest international buyers are in your market. Hire someone who speaks their language, or find a partner company that can help. Then lead with contacting overseas Realtors, Google ads targeting foreign buyers in those countries, and look for ways to collaborate with Chambers of Commerce and Tourism bureaus.

GROOMING THE NEXT ROUND OF BUYERS

The absolutely biggest and most common mistake that 99% of real estate investors and businesses make, and which invariably cripples them, is only focusing on buyers for this week and this deal.

Savvy investors and businesses owners who continue to thrive and enjoying growing incomes and profits are those that start loading their pipeline years in advance. Most people will buy a home within the next 5 to 7 years. Many will move more frequently than that, and will end up buying second homes, vacation homes, and investments regularly too.

Make connecting, and assisting with preparing to buy and invest a part of your annual strategy. This may include friends, family, ex-coworkers, aspiring investors, recent victims of the foreclosure crisis, and renters.

Start loading your pipeline with these buyers and you’ll find more deal volume this year, and more easy deals to do every month each year after this.

 

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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Real Estate Wholesaling Is For...Billionaires

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on Thursday, 07 January 2016
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New data reveals who the biggest house flippers and real estate wholesalers really are…

There are a lot of misconceptions about flipping houses, and wholesaling in particular. The industry and gurus are often a big part of this. When many people hear “wholesaling” or “flipping houses” they now think of fraud, Vanilla Ice, infomercials, “no credit, no money, no experience,” promises offering newbies the chance to make big money fast in a couple hours a week. These things are not necessarily totally incorrect. But the numbers over the last 12 months show quite a difference between perception and reality.

2015 stats and transaction data sets from Property Shark show celebrities renovating and flipping luxury houses, hedge fund managers turning over prime properties for millions in profit, and top executives putting their cash into real estate, and reselling repeatedly.

There is no question that wholesaling real estate can be a great way to enter the game, and to start hacking your way to better finances. But it is not just for newbies, or those trying to break their way through from the minimum wage or middle class rat race. It can be a great full time and long term business and investment strategy. Even for the 1% it is proving to be a highly desirable way to augment careers and other efforts to generate income and wealth.

For the sophisticated individual flipping houses provides essential diversification, big leaps in wealth and net worth, a solid asset when other things aren’t going as well as planned, and it’s fun. This is not a strategy that just yields a few thousand dollars to amateur middlemen. Consider that prices in 3 New York City neighborhoods leapt up by $3M in the last 12 months. Previous data from RealtyTrac has shown average profits from flipping houses in some US cities averaging $60,000 to $100,000. That’s just pennies compared to some of the high-end luxury flips happening in LA and NYC. Some are being flipped for tens of millions of dollars, and when it comes to commercial real estate; even a hundred million or more in profit.

Hedge fund managers, CEOs, talk show hosts, and actresses are flipping houses, condos, and co-ops in top markets, and others are turning over pools of single family rental homes. The main difference in their strategies, aside from the price tags, are the use of professional designers, and real estate agents, and leveraging the protections of LLCs. They take this business seriously, and that seems to be paying off, big time.

 

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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Huffington Post Declares Transactional Funding Makes Wholesaling Best Choice For Investors

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on Thursday, 24 September 2015
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A new Huffington Post report heralds wholesaling as ‘The Real Estate Investment Niche for Everyone’. So what makes wholesaling real estate so attractive for new and veteran investors alike? What does it really take to get in, and be successful at wholesaling?

Flipping Houses to the Stars

The Huffington Post starts by highlighting that real estate wholesalers who are inspired by reality TV house flipping shows might actually find wholesaling comes with less stress and headaches. In fact, wholesalers can profit by flipping houses to TV celebrities. But without the mayhem and emotional roller coaster of dealing with renovations and contractors.

While the concept of buying at deep discounts remains the same as with other types of wholesaling, the profits margins can be a lot better on real estate. This is something industry personality and founder of an Inc. 500 ranked wholesaling and education company Kent Clothier says drove his family to switch from the world of groceries to property.

This comes right on the heel of Fox News highlighting the pros of selling houses to wholesalers for regular homeowners, versus paying 6% to list with a Realtor.

So as wholesaling properties becomes increasingly legitimatized by the mainstream media and business sector, what do aspiring investors need to get in, and win?

What it Takes to Wholesale Houses

According to the above mentioned report you’ll need:

Some real estate education

Potentially some deposit money for making offers

To find properties and negotiate contracts at discounts

A transactional funding lender to finance your deals

Buyers to sell too

There are a number of wholesale training providers out there, though industry gurus like Sean Terry say success is more about having alignment and the drive to really go out and make it happen than just what tools to use.

Worth Trying

Given that wholesaling real estate appears less risky than the alternatives, it seems worth trying, at least to get your feet wet in real estate. It could be the best bet for those finding it hard to make the numbers work on rehabbing or rentals in their area, or who are unsure about the future of the market, and may be light on cash, and have low tolerance for risk and loss.

Authored by BestTransactionFunding.com; America’s 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 long.

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Wholesaling Real Estate: Get Ready For The Back To School Sale

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on Thursday, 13 August 2015
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Are you ready for some serious discounts on wholesale properties?

Forget the pennies to be saved on tax free days and at back to school sales. You’ll be able to buy the whole class some new threads and books with the profit on a couple of fast wholesale deals.

The sizzling summer mover season is done. There are fewer regular retail buyers in the market. That means less competition for house deals. While lagging data will take a few months to catch up, home prices normally soften during this period. Sellers get nervous because they aren’t used to dealing with seasonal fluctuations. All they get is that no one is showing up for showings. No one is making offers. And if they have one; their Realtors are getting hungry for commissions. This all makes for an excellent time to swoop in and score great discounts on house deals, and to negotiate the terms you want from a power position. It’s even a good time to go back to stubborn sellers and agents and get them to come down to your price. Which of course should be even lower now.

At the same wholesalers should find that buy and hold investors are back from vacation, and are getting serious about business again. This may be a short window to get them, before holiday madness starts, but this puts the icing on the ideal conditions for wholesaling.

So dust off your buyers list, load up on inventory, and flip it!

With a good transactional lender there is no reason wholesalers can’t enjoy a flurry of deals right now. And if you’ve still got time get involved with local backpack drives, and help others in the community that aren’t banking as well as you yet.

Want more tax free days? How about 365 days of tax free real estate investing? Check out next week’s post on how to slash your 2015 taxes by $10,000, and enjoy tax free returns all next year…

Authored by Best Transaction Funding. BestTransactionFunding.com is your leading source of hard money loans and transactional funding and for real estate, where 100% financing, and saying “Yes” is what we love doing all day long.

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Wholesaling Real Estate Vs. Buy And Hold Investing

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on Thursday, 06 August 2015
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When does wholesaling real estate trump buy and hold investing?

Dangerous Ideas

Some very dangerous ideas are being floated in online real estate investment forums today. They may not be new ideas, but they appear to be new ‘eureka’ moments to some having them.

Chief among them are:

Buying negative cash flow properties

Betting on appreciation

A five minute dive into online real estate conversations will quickly yield comments like “I don’t understand why anyone would ever sell real estate, because it always goes up.” Or “what’s wrong with buying negative cash flow properties, that’s all that is available in my market.” To be clear; real estate has proven to have almost predictably gone up in value for decades. And there are under-performing and non-performing properties which can be improved on, and managed better, to yield strong cash flows and returns. But in the context being used, it appears that new investors are already completely oblivious to the crash that happened just a few years ago. Blind to the billions of dollars in foreclosure homes that sit next door, and are depressing entire communities across the US.

Real estate appears to invariably go up over time. But there can be deep and long troughs in between growth spurts. Very few are equipped to really weather these soft spots until markets rebound, and bounce upwards again. Then there are the silent woes of being a landlord. This includes depreciation, property maintenance and repairs, and problem tenants. Put simply; appreciation can provide great bumps to wealth building. But ignoring the costs and risks of buy and hold real estate investing can be financially disastrous. This is even more risky for those only invested in slow returning income properties with thin spreads. Those in a negative equity situation can be sitting on a ticking financial bomb, that won’t take much to trigger. When this happens pent up captive equity and paper losses and gains won’t be much good.

Smart Wholesaling

The reason that sophisticated investors choose real estate wholesaling is that is provides real cash returns, with the least amount of risk. Wholesalers are in and out of the market, and get paid fast. Their financial futures, incomes, and lifestyles are not tied to the performance of any specific property, or even neighborhood. Wholesaling works all the time, in any market cycle. Those lump sum cash rewards can be reinvested in more wholesale deals, or in scaling a wholesaling business, while transactional funding can be used to finance acquisitions. Other profits can be used to pay cash for personal items, and what can be afforded to invest in more risky investments can be put into buy and hold rentals, and other more diverse assets.

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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Real Estate Wholesalers: How to Give Your List Building Some Juice in 2014

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on Wednesday, 19 February 2014
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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?
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Pre-Fab Homes A Holiday Hotspot For Wholesalers?

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on Friday, 15 November 2013
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Are pre-fab homes the newest sweet spot for real estate wholesalers this holiday season?

Prefabricated properties could be one of the hottest trends and biggest profit centers for real estate investors this season. Here’s why…

Pre-fab homes, also known as modular or manufactured homes are trending again, yet are often ignored by many investors due to being misunderstood and the confusing terminology.

Mobile homes are often an ugly four letter word in the real estate and mortgage business and few want to go anywhere near them. The have many issues and lenders commonly won’t even answer inquiries about loaning on them. They are a big risk as they are so easily removed or wiped out by bad weather, and the majority of those in existence are outdated.

However, mobile homes are not the same thing as manufactured housing. Pre-fab means the majority of the construction is done in pieces off site, and then it is all put together like a Lego set on the desired site. This removes tons of construction constraints and objections by permitting authorities. More significantly it means larger profit spreads.

This niche has also been one of Warren Buffett’s favorite and longest running businesses, which is one of few which continued to perform through the crisis.

Lately, this niche has been taken to a whole new level with higher end modular apartment buildings going up in New York and even urban Downtown Seattle. Perhaps even more innovative is a new breed of 100% sustainable hybrid home from Mesocore which has residential uses here in the uses and can double as shelters, medical centers and schools in developing nations or disaster zones like Tacloban in the Philippines.

Conventional lenders like Wells Fargo are catching on to this trend and property type and are providing financing to builders, and no doubt end buyers as well. In many cases these properties could still use a better marketer who knows how to position them and highlight the advantages to end investors and buyers.

This is where property wholesalers can really cash in, especially right now, thanks to the holiday gift rush, year-end bonus season and surge to invest capital to minimize 2013 tax liabilities.

Contact Best Transaction Funding today to ask about flash funding for wholesaling these real estate deals…
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Is Transactional Funding Only Way to Avoid a Felony When Wholesaling Real Estate?

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on Monday, 29 April 2013
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Is using transactional funding the only solution for escaping jail when wholesaling real estate today?

Despite single handedly bringing back the housing market and economy real estate investors are now being criminalized for recycling homes and aiding in the revitalization of neighborhoods across the U.S.

Investors around the country have been receiving notices that they are committing felonies when wholesaling homes. Investigators and the feds are picking up on their advertising, while jealous real estate agents, competing investors and even disgruntled home buyers and sellers are turning them in at a higher rate than ever before.

So what’s the problem? Will all investors be regulated into being felons and jailed by 2014?

Not all, but those flipping and wholesaling homes as well as some buy and hold investors could find themselves increasingly regulated and forced to adopt new strategies and business models or face some time behind bars.

For those that haven’t had the pleasure of getting to know the U.S. justice system yet, a felony means long stints in real big boy prison after a nice vacation in the hardcore level of the local county jail. Not a place many want to find themselves.

The main issue surrounds unlicensed real estate sales activity and advertising, both of which are currently under the spotlight of the IRS, FTC and other agencies and attorney generals.

Those marketing homes that they don’t own and have not closed on yet or when involved in chains of marketing for other investors is what is causing the most problems. Obviously this includes the strategy of a massive percentage of wholesalers out there today. So what’s the solution?

Fortunately there are several work-arounds including:

  • Obtaining a real estate license (though this comes with many other risks too)
  • Building a buyers list first, taking pre-orders and not needing to market homes at all
  • Paying cash or using transactional funding for legitimate double closings

Some amateur self-appointed real estate investing ‘gurus’ advise simply getting permission to market before closing as a part of purchase contracts. However, this isn’t a solution by itself. You can put anything on paper but that doesn’t make it legal or protect you in court.

Do get permission to avoid issues, try new ways of marketing and check out transactional lending to fund your deals and achieve higher volume levels when wholesaling homes if you want to stay ahead of the curve and avoid the wrong attention.

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Why the News Has the Housing Market all Wrong

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on Tuesday, 02 October 2012
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Why is it that the media and some real estate portals seem to have the housing market all wrong, what’s really going on with inventory and the direction of the market and does it even matter for those flipping houses?

Why is the News and Other Real Estate Investors So Out of touch with the Market?

For a start the media often relies on faulted data for its stories and is also clearly influenced by the bias of an array of different motives. On top of this, while national housing statistics present a (really) rough picture of what trends are on a countrywide level they balance out the disparity in some many different markets.

Publicly available inventory is way down in some regions and foreclosures may even be falling in some zip codes, pushing up home prices. In others quite the opposite may still be true and new waves of foreclosures and masses of distressed properties are causing the ‘average’ home price to slide. So what you may be seeing on the street in your market may really be completely different to an investor somewhere else.

However, the real question real estate investors should be asking is…

“Does it even matter?”

Clearly the direction of the market has proven to mean very little to those flipping houses. It may affect buyer confidence but the last 7 years have proven that big money can be made from wholesaling real estate, even in rapidly declining markets.

What about foreclosures? Investors must remember that foreclosures are just one part of inventory. How do you think so many millions were made in the last boom when foreclosures were virtually unheard of and were essentially non-existent?

3 Strategies for Beating the Market

1. Where You Look for Properties

Tight inventory can make it feel tougher but maybe you just aren’t looking at it in the right way? Tight inventory = rapidly appreciating home prices.

2. Diversify

Contemplate how can you get ahead of competition or find other sources of different types of distressed property besides those being foreclosed on for not paying their mortgages.

3. Create Your Own Market

Truly talented and savvy investors know how to create a market for their product, whatever it is.

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Why Wholesaling Remains King in 2012

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on Wednesday, 22 February 2012
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While a new upward surge in the real estate market may be gradually sweeping the country investors may want to think twice before switching their real estate investment strategies. Wholesaling still remains king and here’s why…
Right now many real estate investors are busy and distracted with trying to become rental specialists, moving into property management and even attempting to promote themselves as real estate gurus. These things are fine and may be a natural expansion for some but they surely don’t promise the fast and fabulous money that wholesaling real estate does. That’s OK, let them stir up frenzy in other channels and keep on flipping properties with less competition. After all, they are going to have to turn to someone for inventory, why not you?
Wholesaling has always meant less risk, at least as close to zero risk as you could ask for. Even if the market is picking up it is on much shakier legs than the last bubble. Better to get in, out and paid and let someone else worry about juggling huge amounts of overhead and ducking malicious lawsuits every month. Plus, eminent domain is making a comeback and the last thing you want is for your nest egg to be condemned and seized so that others can make bigger profits.
Of course there is always the financing issue too. While subprime bonds may be making a comeback too we are probably a long way off from seeing the easy financing of the early 2000s. That is with the exception of transactional funding. Why break your brain, lose more hair and risk your deposits on an underwriter being in a good mood? Keep on wholesaling…
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