- Bandit Signs - post these, they will work for you as you work them. Collect names, emails and ad to your list of buyers.
- Realtors- have cash buyers and can market deals.
- Rei- (Real Estate Investing Associations) share your deals and great networking.
- Recent Transfers- in your area or niche market there are others who have bot and sold in your are who you can find and get their info online or downtown.
- Other Investors- they have their fees yes, but they can help get deals done.
Thursday, September 15, 2011
5 Way To Find Buyers
Wholesaling is simply -Find a deal, lock it up with contract and find a buyer to get it sold or with assignment fee. by Tyson S adopted from Mitch Painters Real Estate Rocks.com
Wednesday, September 14, 2011
Real Estate Investing Without Borders
by Peter Vekselman
Real estate investing has a long history of creating wealth for the common investor. Today, virtual investing exponentially compounds that possibility. With current technology, you are no longer bound to deals in your local community.
Let’s dispel the misnomer that you have to live in a community to know it well. With all the information available from realtor websites and other sources, it’s easier than ever to learn what you need to know about properties anywhere in the country. Or even internationally. You can just as easily perform your due diligence online as well.
Today, finding buyers online is easier than attracting them to a local office. Over 90% of buyers begin their search online.
The fact is that online real estate investing offers you the chance to maximize your profits. You do this by picking a prosperous market any where in the country and real estatebecoming a ‘local expert’ without ever leaving the comfort of your home.
Just like all real estate investors, online investors must specialize if they want to prosper. Before selecting a city or section of the country to invest in, you must decide what you want to invest in. Will it be commercial or residential? Will it be multifamily housing or a niche like student housing? Once you make that decision, you can begin narrowing your selection to locations offering the best opportunities.
Once you find distant locations offering you the best opportunities in your specialty, its’ time to become a local real estate expert. Beginning this is no more difficult than googling “real estate offices in [your favorite location]“. At the same time, pull up a good local map of the vicinity.
Use the map and the local MLS listings to gain detailed knowledge of the local landscape. If you’re looking at single-family houses, plot the MLS information on the map. You’ll soon understand where the high-end neighborhoods are located and where the older neighborhoods are. You can even use Google Earth to look around many neighborhoods.
Most decent real estate websites also offer information about local demographics (which you can also find online from the U.S. Census Bureau). Information you need includes:
Truth be told, being an online local expert will likely make you a better expert than if you lived there and ‘assume’ you are fully in touch with the local market.
Eventually, you are probably going to need the some feet on the ground in your distant market – the same people you would have in a local market. Depending on your investing strategy, this might include a local realtor, remodeling contractor, title company, real estate attorney, etc. This might be one time you choose to physically visit the location so that you can have in-person meetings with several of these people before deciding which to work with. Many people like to look associates in the eye before deciding to work with them. But really, how different is being in-person from having a video conference using a webcam? I honestly don’t think you ever need to visit the distant location.
After that, what’s left is your marketing. If you’re not already doing online marketing, you’re way behind the power curve. I’ve written several times about online marketing. If you need more information on the subject, please visit the blog archives.
In the end, the only thing keeping you out of the most prosperous real estate markets is your reluctance to grasp the technology bull by the horns.
Real estate investing has a long history of creating wealth for the common investor. Today, virtual investing exponentially compounds that possibility. With current technology, you are no longer bound to deals in your local community.
Let’s dispel the misnomer that you have to live in a community to know it well. With all the information available from realtor websites and other sources, it’s easier than ever to learn what you need to know about properties anywhere in the country. Or even internationally. You can just as easily perform your due diligence online as well.
Today, finding buyers online is easier than attracting them to a local office. Over 90% of buyers begin their search online.
The fact is that online real estate investing offers you the chance to maximize your profits. You do this by picking a prosperous market any where in the country and real estatebecoming a ‘local expert’ without ever leaving the comfort of your home.
Just like all real estate investors, online investors must specialize if they want to prosper. Before selecting a city or section of the country to invest in, you must decide what you want to invest in. Will it be commercial or residential? Will it be multifamily housing or a niche like student housing? Once you make that decision, you can begin narrowing your selection to locations offering the best opportunities.
Once you find distant locations offering you the best opportunities in your specialty, its’ time to become a local real estate expert. Beginning this is no more difficult than googling “real estate offices in [your favorite location]“. At the same time, pull up a good local map of the vicinity.
Use the map and the local MLS listings to gain detailed knowledge of the local landscape. If you’re looking at single-family houses, plot the MLS information on the map. You’ll soon understand where the high-end neighborhoods are located and where the older neighborhoods are. You can even use Google Earth to look around many neighborhoods.
Most decent real estate websites also offer information about local demographics (which you can also find online from the U.S. Census Bureau). Information you need includes:
- Unemployment rates and trends
- Average income
- Average age
- Percent of homes owned versus renters
- Population and population trends
- Educational level
- And a whole lot more
Truth be told, being an online local expert will likely make you a better expert than if you lived there and ‘assume’ you are fully in touch with the local market.
Eventually, you are probably going to need the some feet on the ground in your distant market – the same people you would have in a local market. Depending on your investing strategy, this might include a local realtor, remodeling contractor, title company, real estate attorney, etc. This might be one time you choose to physically visit the location so that you can have in-person meetings with several of these people before deciding which to work with. Many people like to look associates in the eye before deciding to work with them. But really, how different is being in-person from having a video conference using a webcam? I honestly don’t think you ever need to visit the distant location.
After that, what’s left is your marketing. If you’re not already doing online marketing, you’re way behind the power curve. I’ve written several times about online marketing. If you need more information on the subject, please visit the blog archives.
In the end, the only thing keeping you out of the most prosperous real estate markets is your reluctance to grasp the technology bull by the horns.
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