Black Friday Weekend For Real Estate Investors
It’s Black Friday weekend. Here are the key things you need to know as a real estate investor…
This is one of the biggest sales weekends of the year. In fact, 30% of all the money spent on retail all year will happen in the next few hours. As a real estate investor you are already thinking more big picture than most people. What additional insights should you be gleaning from this?
Everyone Has Enough Money
Everyone has plenty of money for the things they really want to spend on. Over $700B is expected to be spent with retailers on Black Friday 2019 alone.
This doesn’t even count all the money spent in the lead up to Thanksgiving and the next few days of special shopping events, or Christmas shopping.
60% of consumers are expected to go into debt to fund these luxuries this year. Even if most of the items sold won’t last long, may never be used, and will just collect dust along with last year’s gifts.
Sadly, many may end up losing their homes because they put this shopping ahead of their housing payments. It is a choice for many. So, there will be wholesale property deals to pick up between now and Valentines Day.
It is also a reminder to invest first, and let those investments pay for these luxuries. A new TV is unlikely to ever pay your mortgage, no matter how ‘smart’ it is.
Deep Sales, A Sign of Desperation
Last year didn’t seem to bring the early Black Friday deals or deep discounts we are seeing now. Perhaps because retailers were more confident in the economy and consumer spending last year.
Now, once again retailers began Black Friday sales deals in October. Some are emailing promotions with 51% to 81% off of their ‘hottest selling’ items.
That’s clearly unlikely to be true. It instantly devalues the product, and creates mistrust of the brand. If your product is so awesome and so popular, there’s no need for an 80% off flash sale. If it was that valuable, it wouldn’t be offered at that much of a discount. Not unless this retailer is marking up and over pricing inventory by 80% the rest of the year.
Worth thinking about, especially if you offer your own sales.
Don’t Let Thanksgiving Be Overshadowed By The Black Friday Deals
Even before the turkey can put many people in a food coma they are already online shopping for deals on their phones. Then comes Small Business Saturday and Cyber Monday. Both big sales days. Just don’t forget about the thanks and giving part, and Giving Tuesday.
Practicing gratitude can make all the difference in how you operate every day. Hopefully we all all turning enough wholesale deals this month to prioritize giving back. Maybe even deciding which causes to support on Tuesday before we blow it on things that will never be used.
What are you buying this weekend? What are you selling? What initiatives are you giving to?
Top Funding News
|
|
|
|
|
| Linked In | You Tube | Google+ |
"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
- La'Donna Turnipseed-Scott, Investor, LA
"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
- T. A. Davis, Investor, NJ
"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
