What types of properties are ripe for real estate wholesaling now?
Whether you are just looking to scale and diversify what you are doing now, or you are just now looking to begin wholesaling real estate to diversify from other strategies and income sources, these five property types are worth exploring.
1. Homeowners with Equity
More and more homeowners are becoming ‘distressed’ as they feel more uncertainty about the market. Most now have more equity than they’ve had in years. No one wants to lose that. They don’t want to see all of those tens and hundreds of thousands of dollars evaporated by a declining market. Yet, there are others who still want to buy and are not worried by any temporary fluctuations in home values. Get in the middle here. Help equity rich homeowners cash out their equity and secure those gains, and connect the property to another buyer.
2. Underperforming Multifamily Apartments
Multifamily apartments have become more and more in demand. More buy and hold investors have stepped up to enjoy the economies of scale these properties provide. Yet, there are many small and medium sized apartment buildings which remain underperforming. They may be ready for renovations, have been managed poorly, or just having aging owners who don’t want to deal with it any more. Add value as the connector.
3. Retail Property with Higher Vacancy Rates
We’ve seen a huge correction in the retail property sector over the past couple of years. There has been a big restructuring. That has left many retail units empty. Yet, there are other retailers who are ambitious on growth. They need more floor space, more locations, and they have the capital to expand. Some will even be potential buyers of their own real estate. Bailout landlords with these vacancies and put them in the hands of better managers.
4. Land
From raw acreage to infill lots, there are plenty of opportunities to flip land deals. With land and new construction still being the more profitable route to profits in many areas, expect there to be more demand in this sector over the next few years.
5. Builder Close-Out Deals
Builders in prime areas like Manhattan are noticeably struggling with over supply. They’ve hit the peak of the market, and would love to cash out and finalize some of their condo projects and new home communities. With the right marketing to the right audience, these deals can still be very attractive to buyers. Especially international investors and buyers. Builders may be willing to negotiate a range of incentives from upgrades to discounts, and deeper discounts for bulk purchases that help them exit a project.
Whatever you’re wholesaling, Best Transaction Funding is here to help you fund your deals...
"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
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
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"....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