Marketing to Buyers and Sellers

I have been wholesaling for a few months and have closed on a few properties. I want to take my business to another level and get deals/systems working quicker. I have $2k from tax return money to invest in my business. Whats the best way to turn that money into more money? I appreciate constructive ideas. Thanks.

Now that the worst of the foreclosure crisis is in the rear view mirror, former home owners who lost their homes to a short sale or foreclosure are re-entering the housing market. They've spent the last few years rebuilding their credit — and they're ready to buy again.

"We're about three years past the peak of the foreclosures, and that's about the time when most people would qualify for another loan," says Daren Blomquist, spokesman for RealtyTrac. "The market really needs boomerang buyers to maintain the current recovery."

Some boomerang buyers heading back to the housing market may find they have to make down payments of at least 20 percent to qualify for a loan, but others are finding opportunities to put down as little as 3.5 percent or 5 percent.

Preliminary data provided to NAHB by the Census Bureau on the characteristics of homes started in 2013 show the trend toward larger homes continued unabated last year, as did the share of new homes with 4+ bedrooms, 3+ full baths, 2-stories, or 3-car garages. The average size of new homes started in 2013[1] was 2,679 square feet, about 150 square feet larger than in 2012 and the fourth consecutive annual increase since bottoming out at 2,362 square feet in 2009.

Found this on a facebook group that I am in today!

“BEWARE: If you have rental listings on CL: some of our listings are getting copied by scammers who then advertise our properties at MUCH CHEAPER prices. The scam is to get someone to wire them a deposit site unseen to secure the "amazing deal" on the property.”

Another person has a solution which he states: “I have had this happen quite a bit. One tip that helps us is we always try to put a link to our website and our free 24 hour recorded hotline, which helps you screen for the serious tenants as well. Today with ALL the scams going on everyone, not just CL, Credibility and Trust are HUGE!”

Small homes have captured a loyal and growing place in the American popular imagination. This interest, along with the recession, housing crash and rising prices for heating fuel, have helped shrink the average American home size. New homes averaged 1,660 square feet in 1973 (PDF), peaked at 2,521 square feet in 2007 and fell to 2,438 square feet in 2009, the last time the U.S. Census Bureau measured.

Finding buyers, cash buyers, is a common starting point for investors. This is more common for those looking to wholesale real estate.

Many new investors choose wholesaling to begin their real estate investing career because it does not take money, often requires little time and does not have a large amount of risk.

When beginning the wholesaling process many investors suggest finding cash buyers who will purchase real estate from you.

There are many methods to find these buyers. I am not going to take this article to cover the different ways to find them. This article is about finding them at the courthouse records.

There are over 3300 counties in the United States. Each county will be different on how they display their information or how their information is searched.

I want to start acquiring Bird-Dogs for myself. How do I go about training someone to bring me relevant information and deals?
What are the things I ask of them and how can I train them on acquiring that info, when they don't have any prior training on our strategies?

As investors, we are in it to make a return right? Absolutely, now what is a realistic return? In some areas good returns are 5-7%. In others returns are 10, 15, maybe even 20+% return. How do you get these returns?

First, there is a very important thing to understand, risk. There is risk in investing and as investors our goals must not be to just maximize expected return, but to minimize risk as well. This is done by doing due diligence and making smart informed decisions. Multiple exit strategies are key and can be achieved by buying at 30%+ discount and also ensure tremendous cash flow. Understanding worst case scenarios and eliminating surprises will also help eliminate risk.

Now, back to returns and what seems to excite investors. Here are 4 ways to skyrocket your return.

I wanted to gain some insight, from those more experienced, on what may be the best tool(s) for calculating repair costs when you are running the numbers for a deal. This is mainly for those like myself who are stepping into this business as deal matchers(wholesalers). I think this can be the most difficult factor because calculationg arv/comps is pretty black and white so to speak. I would think that one would need to be well versed in current material costs; labor expenses etc. etc.

Handwritten cards are an undervalued and underutilized business tool. When was the last time you received one via snail mail?

Now when was the last time your email pinged?

If your inbox is like mine, it is full of emails that need reading, responding and filing. Even with filters and spam guards, it only takes a couple hours for my inbox to get cluttered and my productivity to take a pummeling.

Because of this, I have come to rather enjoy receiving snail mail and the brief reprieve it brings. And, when I receive a note from a colleague or new acquaintance, the rarity makes the task that much more enjoyable.