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What Types of Properties Can I Use Transactional Funding For?

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on Thursday, 06 October 2016
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Which types of properties and real estate deals can benefit from using transactional funding?

As the rest of the real estate world and lenders and banks began collapsing around 2008 transactional funding finally became available to the real estate investor community at scale. Transactional lenders, private lenders, and big funds provided essential liquidity and credit to keep the market alive, and rebounding.

More lenders have now returned to the market, and new conduits are popping up with new twists on asset based lending in order to try to keep fund and bank money working. With all these distractions some investors may not have tried the advantages of transactional funding yet, or may not be aware of how sources like Best Transaction Funding can boost their business in the current environment and make more deals possible. So why use this type of funding? How can you use it?

Property Types Your Transactional Lender May Fund:

  • Single family homes
  • Condos
  • Multifamily properties
  • Commercial real estate including; mixed use properties, hospitality, retail, and office
  • Land and lots

Types of Deals Your Transactional Funding Source May Finance:

Transactional lenders surged in demand when the market was over bloated with REOs and short sales. Yet, there are many, many transactions and scenarios in which they may be used right now.

This may include:

  • Vacant properties
  • Banked owned homes
  • MLS listings
  • Hurricane damaged properties
  • Fire damaged homes
  • Wholesale deals and reverse wholesale deals
  • You lender may even fund mortgage notes

Advantages of Using Transactional Funding:

Transactional funding offers many obvious benefits such as 100% financing, no appraisal or credit score requirements, and great speed.

This, and instant POF letters can all help real estate investors make better offers and be better positioned to compete for acquisitions. It also means being able to take on much bigger deals, regardless of your cash on hand. Some may want to begin using this financing tool much more frequently to leverage lower risk real estate investment strategies as the market begins to shift.

How will you use it?

 

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.

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Real Estate Investing with Your Spouse: For Richer or Poorer?

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on Tuesday, 10 July 2012
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Many real estate investors are attracted to the idea of enrolling their spouse’s assistance in their businesses. For some it results in an incredibly profitable super power partnership and brings them closer together. For others it just brings stress and major relationship confrontations.

So should you get into flipping houses with your spouse, avoid it like the plague and if you do take the leap how can you make it work successfully?

The Pros of Real Estate Investing with Your Spouse:

  • Low cost help
  • A partner and teammate you can trust
  • Not having to share the wealth with other partners
  • Sending more time together
  • Fully supported in what you are doing
  • Achieving results and goals faster
  • A partner who compliments you and may have strengths you don’t

The Cons of Real Estate Investing with Your Spouse:

  • No diversity in household income
  • Together all the time
  • Potential for major confrontation when emotions effect business
  • Temptation to put more personal income and assets on the line than prudent
  • No separation of work and home
  • When personal or business relationship goes bad it all falls apart together

Ensuring a Successful Investment Partnership Together

Besides weighing the above pros and cons it is important for couples to really determine their passion for real estate investing and what roles they will assume. If your partner isn’t as hot on it as you are it will likely lead to them letting you down, you becoming frustrated at their performance and potentially be devastating for your relationship.

Take your time to talk it over. Define who will lead and if one of you should deal with certain elements of the business rather than the other. Perhaps one of you is better behind the scenes and dealing with the numbers and the other being the networker and dealing with face to face interaction. Perhaps one of you could get a real estate license?

Despite how much you both think it is a great idea to work on flipping houses together now recognize things can change and people’s passions can change. Layout a framework for what to do when priorities alter or it isn’t working out so that you can amicably adjust without it destroying your personal relationship. Maintain great communication above all else and recognize when it is time to replace them. Otherwise if things aren’t great at home it will affect your real estate investing profits and income and snowball into something worse.

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Online Marketing Traps to Avoid for Real Estate Investors

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on Friday, 16 March 2012
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Online marketing is clearly one of the most cost effective and rewarding channels for real estate investors searching for buyer and seller leads today but it also comes with many pitfalls. What mistakes and traps should you be avoiding for getting the most from Internet marketing and your real estate business?

1. Not Closing on Social Media Opportunities

Yes, social media is for providing valuable content and attracting followers and a hard sell pitch doesn’t always work as it does with traditional, direct response forms of marketing but this does not mean you shouldn’t be trying to close deals with it or that it can’t produce real leads incredibly quickly. Many others are making big bucks with social media and generating real customers and sales and real estate investors should be too.

2. Underestimating the Importance of Social Media

It isn’t just the immediate lead generation opportunities that real estate investors are missing out on from social media. You don’t have to love or use every form of advertising just because it works. However, the real power of social media for real estate investors is being able to reach so many more prospects for less money and then being able to market to them over and over again for very little.

3. Skimping on Content Marketing

Unfortunately it is easy for new real estate investors to be lead astray with so much bogus and outdated online marketing advice out there today. Most notably this comes in the form of those still selling article spinning software and suggesting the right strategy is just to flood the web with low quality, keyword saturated content. Those who have been paying attention will know that Google has already made several changes in the last couple of years to penalize those using this type of approach and is rewarding those with fresh original content with better rankings.

4. Allowing Online Marketing to Become an Expensive Distraction

Becoming a little savvier about Internet marketing is smart. What isn’t smart is spending the next 12 months mastering it and less time actually flipping houses. What yields the best return on your personal time? Delegate your online marketing to someone who specializes in it and do what you do best and makes you the most money.

5. Poor Follow Up

Once you get a good online campaign running it can be difficult to keep up with all of the leads and phone calls. Don’t let great leads go to waste. Automate your follow up systems and streamline your processes.

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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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