This rarely happens, but guess what? You’re in the right place at the right time. There is no better time than right now to invest in real estate, and you have the chance to make some serious dough. We may never see a prime opportunity like this again.
What are the biggest roadblocks for you that have been holding you back from making more money investing in real estate?
Here are a few more common roadblocks investors face:
Maybe you want to scale your business but don’t have the time to dedicate to it, or maybe you want to get started in real estate but don’t have extra time to spare. Maybe you just want to automate your current real estate business so that you can spend time doing other more important things.
That’s exactly what iFlip will help you do. iFlip was created for real estate investors that wanted to be able to manage and automate every aspect of their business virtually. This software has been a life AND game changer for so many and it will be for you, too.
iFlip will help you take full advantage of the current real estate market without having to put more time and effort into your business.
With iFlip you have the ability to create websites and manage all of the leads that come in through those websites. You can then work the lead from start to finish all within the system. The number of tools and resources in the system will make researching the lead, perusing the lead, contacting the seller, making an offer, advertising the property, finding a buyer, closing the deal, and everything in between more automated and less time-consuming.
Not only will you be able to easily follow the deal process, but you can generate and manage buyer leads as well. As buyer leads come in it is easy to follow-up with them, keep track of communication, and send property details to them.
Then there are your bird dogs. If you choose to have them, iFlip is the best system to use to generate, manage and contact your bird dogs, as well as review, accept and pay for your leads.
iFlip is built so that even novice investors can navigate through the deal process almost effortlessly. There are training and information provided on every step of the deal process and on every section of the site, so it’s very easy to navigate.
Take a test drive of the entire iFlip system for yourself and see how much it will impact your current real estate business. Click here to listen to a video explanation of iFlip and signup for your $1.95 test drive today.
Remember, now is the perfect time to invest in real estate. Take advantage of the opportunity while the market is hot!
Posted June 19, 2020
Transactional funding is one type of hard money lending usually for short-term. This allows real estate wholesalers to buy properties without having to dip into their personal funds, but it is only given when there is an end buyer in place who can pay for the property in just 2-3 days.
Some examples of properties that are usually bought with the use of transactional funding include:
These types of properties may be purchases as REOs, short sales, or any other means used to buy real estate. However, transactional funding is preferred to other types of short-term funding (i.e. hard money) because borrowers are not faced with high fees and also, paperwork is so much simpler and there aren’t any credit or income checks.
Unlike other, more traditional way of getting loans, this method of getting money to buy real estate is so much simpler. If you think about it, the traditional way of getting a loan means you have to go to a bank or a lending institution and submit all sorts of paperwork; they will also need to look into your credit history, which can be a big brother, especially if you have a house just waiting for you to buy it and make some money.
You might wonder how this works, and below is an example that will make it somewhat clearer. For instance, you get approved for the short sale on Mr. Doe’s house which is located on Apple Street that costs about $100,000. Then, being the savvy real estate investor that you are, you find Ms. Smith who is willing to pay $120,000 for the house. So if you want to get the $20,000 profit from the buying and selling of the house, then you have to buy it from Mr. Doe first, and close the short sale.
When you look at this scenario, Mr. Doe is party A, you will be party B, and Ms. Smith is Party C. The transactional funding loan will be your ticket to buy the $100,000 house so you can sell it to Ms. Smith and walk away with about $20,000 in your pocket after you pay back the $100,000 loan and some fees. Think about it, you get $20,000 and you didn’t even have to spend a dime.
Just like with everything else, the transactional funding process has its own sets of pros and cons. One of the biggest advantages of this type of loan is that you need not undergo any credit checks or fill up mountains of paperwork. Also, you will usually get funding for 100% of the purchase price and you do not have to pay high fees, unlike doing this with other types of loans. One downside, though, is that you have to be able to get the timing just right and coincide with the closing of the short sale.
Posted June 18, 2020
Investing in foreclosures may sound like something you would want to avoid because of the word foreclosure in it, but there are actually a handful of benefits when you choose to invest in foreclosed properties. With a certain amount of research, home buyers can have a good property in a desirable neighborhood without hurting their budget too much. It has been noted that when the number of foreclosed homes rise, so does the buying opportunity. Here’s why:
When buying a property, consider looking at foreclosed homes and check if their deals would work for you. When thinking about the benefits that these homes come with, you will be encouraged because of the savings and the potential properties you can own when you decide to go investing in foreclosures!
Posted June 17, 2020
Real estate investing can be a profitable venture for those who know the real estate market. Since houses are considered as one of the best investments a person can make, being an investor in the real estate market can bring in a great sum of money when all the factors which come into play are taken into consideration. Wholesale real estate investing is one of the kinds of real estate investments that interested individuals must look into if they want to have some profit from real estate properties.
Basically, wholesaling real estate means buying a property at a very cheap price or investing in a property which is under contract. The investor would then have the goal of reselling the property at a good price to get back the price paid for the property and gain a substantial amount from the sale.
The initial step to making this possible, and probably the most challenging step as well is to find enough capital to invest in a property. Next is actually finding a cheap enough yet sellable property. Some investors find a property which is a bit damaged or something that is cheaply priced because of how it looks and they make it better from there. After costs for renovation have been added to the initial cost of purchase, the selling price can be determined.
While work on the property is being completed, a buyers list can be created. These are the people who may be potentially interested in a property. This can be done by a real estate agency that has a network of buyers, and real estate investors may work in collaboration with these professionals to be able to find the right people to purchase the property.
Part of the work to be done by the investor is to take care of the title papers. This would require professional help such as that from a real estate agent, agency, or a lawyer to oversee the legal proceedings of title concerns and transfer issues. This helps speed up the process so that when there is a confirmed buyer of the property, there would be no additional time needed for the processing of these papers.
Closing the deal is the final step in wholesaling real estate property. Keeping the price at competitive yet reasonable rates will help make the sale faster for the investor to have the profits much sooner. During the closing, the assignment fee for the contract property or other final fees should be taken care of.
The key to this kind of real estate investment is to have sufficient money to keep things in motion, keeping in track of expenses closely, and having a solid idea of how much you would like to expect from the property being sold. Wholesale real estate investing can be a fast way to sell properties but it takes time, resources, and assistance from capable professionals to help ensure that everything is in order and that the investor would profit from this venture.
Posted June 16, 2020
You might have heard of the expression “cash is king” and this is true for a lot of things, including the real estate industry. In fact, it is so important that you will find cash buyers of homes do get a lot of benefits that other types of buyers don’t. Most real estate sellers favor people who pay in cash, and this is especially true for real estate investors that have to flip houses as quickly as possible so they can make money.
For real estate investors, buyers who readily pay in cash are a gold mine but just how important are they? Below are some of the top reasons why every real estate investor should always look for buyers that are ready to pay in cash.
If you have plans of becoming a real estate investor, you really need to focus on looking for cash buyers of homes. This is not to say that you overlook people who get mortgages, but if you can place an emphasis on looking for buyers with ready money, then you will ensure that your investments are a success.
Posted June 15, 2020