According to the narrative the mainstream media is selling, house prices are shooting up thanks to a lack of property for sale.

At the same time, common sense, and the data suggests that there is a tremendous amount of financial distress out there.

So, how can you find the houses and do more wholesale real estate deals?

Sure, there are many tools being advertised online for identifying properties and leads virtually. Of course, this may not work as well as it is marketed, and may now be saturated with competition.

Try these ideas instead…

Realtor Yard Signs

It may sound counterintuitive. However, many properties do not sell simply because agents fail to answer their phones or respond to leads.

Try calling on the for sale signs you see. If they answer, you may be able to strike a deal that way. If they don’t, then you can bet the owner is stressed and frustrated, and is looking for another way to get their property sold. Just be mindful of the rules regarding commissions being due.

Old Listings

Brand new listings get all the attention. You’ve probably got alerts to new listings yourself. That’s often not where the real deals are.

When was the last time you scraped older listings on Craigslist for example? Ads that may not be getting any competition. By now the owners may be even far more motivated to strike a deal and offer a discount.

Private Lenders

Private lenders have been incredibly busy putting out money over the past few years. Now many of their borrowers are not paying. Even though there may be equity in properties, and lenders have more than made their money already.

Lenders may foreclose and flip you these deals. Or simply introduce you to their borrowers to work something out.

Blog About It

Social media may be super saturated with cheesy junk, and so many ads that users have become immune to them. Yet, when it comes to homeowners searching for help, they’ll still most likely end up on Google. Which is going to feed them articles, blogs, and websites around their search terms.

Try starting a blog, or reviving and scaling one you’ve already got. Publish some content focused on how to sell your home in a variety of situations, and become the trusted advisor they turn to.

Inherited Property

A grim, but true statistic is that almost 3.5M people die in the US, every year. Based on homeownership rates, more than half of them may own a home at the time they pass away. This alone is a huge pool of properties.

Heirs and loved ones left behind need help. They are often left with a big debt that they cannot carry, and a lot of work. Often they just want to turn those properties into cash as quickly as possible.

However you plan to find your house deals, check out our Fall interest rate deals from 1% for funding your next acquisitions.

 

We are glad to celebrate one of our recent clients who just completed a $2M wholesale flip with our transactional funding!

Empowering real estate investors like you to succeed and thrive in all market phases is what gets us excited, and out of bed in the morning.

As a part of our new Deal Spotlight Series we are going to be highlighting those who are out there doing great deals.

This month’s is a special deal that we hope will inspire you to go even bigger with your own investing.

$2M Wholesale Deal

We recently helped this investor acquire an over $1.9M property, and instantly exit it for $2.7M. Deal Specs:

Funding date: 2/17

Purchase price: $1,939,524.63

Loan amount from BTF: $1,939,524.63

Property: Mid-rise office building in Arkansas

Resale price: $2.7M

That’s a nice spread for any investor!

Highlights:

LTV: 100% funding from Best Transaction Funding

Closing time: Funded in just 3 days from receiving final HUD

Rate: 2% case by case

This was a great back to back closing. Special thanks to Title for getting it done.

A to B Closing Statement:

B to C Closing Statement:

Your Lender Of Choice For Large Wholesale Deals

Best Transaction Funding is your lender of choice for funding your larger loan amounts and wholesale deals.

We love helping you close big deals.

If you are looking for transaction funding especially for $500k plus transactions you’ll find we have the best rates and terms.

We’ve remained a true transaction funding lender. Offering 100% financing for wholesale real estate deals, and can fund closing costs. All with no credit check or appraisal.

We close deals, and we close them fast.

We are especially proud to be your partner in this market as you build up your volume, and expand into other areas. BTF funds deals nationwide.

Submit your deal and funding request, get your POF, and make those offers today!

 

Plus, if you are already funding deals with us, let us know if you’d like to be included in this new Deal Spotlight series by dropping us an email.

Where are the wholesale real estate deals to be found in 2016?

As the US economy and housing market continues to improve many real estate investors are wondering where they are going to find good deals to buy over the next 12 months. The National Association of Realtors says we are finally returning to a ‘normal’ market after over a decade. According to NAR that includes very few foreclosures and short sales in the marketplace. So where should value seeking real estate investors be searching for new properties to buy?

1. Real Estate Wholesalers

This might seem quirky, especially if you are a wholesaler yourself, but don’t discount this source just yet. As hard money and rehab lenders ease up and offer high LTV loans it’s easier than ever to flip house deals from wholesalers. Many also have invested heavily in dominating local auctions, marketing to motivated sellers, bank distress sales, and have negotiated incredibly low priced deals. Others attract many leads which aren’t in their immediate area and are happy to refer them. This can create a lot of efficiency for investors.

2. Aging, Long Time Owners

Between recent equity appreciation and the new rising interest rate environment this is the ideal time for many aging real estate owners to sell. Those that are already in retirement, and have owned their properties for a long time may not want the hassle of managing any more, and probably have a sizable amount of equity. Those without any heirs of their own may be happy to let properties go at a discount to good people that share their values.

3. Your Landlord

There are a large number of real estate investors who are also still renters. If this includes you then don’t overlook asking your landlord if they are ready to sell. If you don’t and they list it with a Realtor you’ll be kicking yourself.

4. The MLS

Many real estate investors snub their noses at the idea of flipping houses on the MLS. However, a look at what others are accomplishing by doing my change your mind. If you can make $50k in a few days by picking up ripe deals this way, why not?

5. Expired Listings

Even though many properties have been selling incredibly fast, others have been rotting online for so long that Realtors are losing their listings. Sometimes this is because they were too aggressively priced. In other cases it is they were poorly marketed, or the agents just failed miserably at responding to leads. These can be highly motivated sellers eager to meet a real buyer.

6. Inherited Property

It is important to be sensitive in this niche, but many heirs to real estate are eagerly looking for a cash buyer that can move fast and help them liquidate estates. If you haven’t already consider adding this niche to your portfolio in 2016.

 

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.