The 7 Things That Will Make Or Break You As An Investor This Year
2021 is going to be one of the biggest years for real estate investors yet. Not everyone may enjoy the ride, but make no mistake that some will easily add double digit percentage points to their wealth and emerge as far bigger players over the next 12 months.
These are some of the most important factors that will determine how it goes for you.
Mindset: It Is What You Make It
You can choose to cringe and shrink and be fearful every time you are challenged. Or you can choose to find the opportunity and to create opportunity in every scenario. It is your choice how you choose to see it and act.
Commitment Vs. Flexibility
Stay committed to your goals, but flexible in how you achieve them. Expect shifting market trends, migration, curveballs, and more. You may have to adapt your tactics, but don’t back down from your goals.
Financing & End Buyers
Expect there to be some twists in lending over the next year. Banks and conventional mortgage lenders may change their underwriting criteria and appetite for making loans. There is a lot of cash out there, and those with capital will have to choose to back someone with their capital. Being able to adapt to who has the cash and can borrow money for your real estate wholesale deals will make a huge difference in your deal flow and volume for the year.
Data
Be knowledgeable and wired in. Don’t rely on the media headlines and fake social media spin for figuring out what’s happening in the market. Get the best data you can, as early as you can and stay ahead of the curve.
Focus
Focus on your own business and serving your customers the best. Worry less about what the rest of the world is doing.
Marketing
Today, the reality is that 90% of your success in real estate relies on marketing. You should strive to have great product, systems, and service, but it won’t make a dime of a difference without marketing to match.
Your Network
It is times like these in which who you know and who knows you will make all the difference. Work on expanding and strengthening your network.
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"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
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"Thank you for your commitment to an excellent customer experience."
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- 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!'"
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"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
