Reselling properties seems to be a slam dunk for real estate wholesalers and flippers. Tens of billions of dollars in capital, and millions of buyers are looking for house deals, and rental apartments. So, where do you find more inventory to serve them and scale up your investment business?
Networking
Now that the worst of the virus seems to be behind us for now, and people are eager to get out and mix in person again, this could be the time to kickstart your networking.
This can be casual networking as you go about your daily life. Or it can be at professional networking events. If there aren’t any happening near you, maybe you can start your own.
Expand from the usual real estate investor and agent circles. There may be attorneys with landlord clients who really want to sell. Or corporate executives who need to restructure their real estate, or help employees with their housing situations.
Aged Leads
Some of the most successful high volume real estate wholesalers find that 90% of their deals come from the follow up.
Every lead can be a deal. It is just a matter of being there and connecting when it is the right time for them. So, consider a new campaign targeting your old leads.
Update your database and CRM. Try email newsletters, text, and other contact methods you have to reconnect with them.
Mortgage Lenders & Note Investors
This is a space which has really exploded in popularity over the past couple of years. Of course, that doesn’t mean that every new lender and note investor is being successful. Or that every one of their loans is performing. These can be great relationships for tapping into a regular volume of deal flow.
Direct Mail
While people may be emerging from lockdowns again, travel is still very limited. Especially ahead of peak summer travel season, this may be time to hit prospects with direct mail at home.
Marketing seems to be coming full cycle again. The FTC says consumers lost $770M to social media scams alone last year. People are quickly losing trust in online marketing. Showing up in the real world could help you stand out. Just don’t do those cringeworthy old postcards.
Be creative and unique, and mail something that will stand out.
Create A Niche Destination Website & Blog
The bulk of the real estate activity now is moving away from restrictive and dense big cities and to new areas. Why not create a destination website and blog for movers and investors exploring your area for the first time? This could be one of the easiest ways for you to stand out online.
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